Market News

Cleaning Robot Market worth 2.50 Billion USD by 2020

Published:2015-12-25    Source:华然咨询

Globally, the cleaning robot market is expected to witness steady growth owing to the utility of cleaning robots in various verticals. This report segments the cleaning robot market on the basis of product (Floor Robot, Pool Robot, Window Robot, Lawn Robot, Others), vertical (Residential, Commercial, Industrial, Healthcare, Others), and region (North America, Europe, Asia-Pacific, RoW). North America held the largest share of 39.9% in the cleaning robot market, in 2014 and the market in the region is expected to grow at the highest CAGR of 16.2% between 2015 and 2020.
 
The factor which is driving the market is the increase in the demand of cleaning robots owing to the rise in labor costs. Cleaning robot becomes a one-time investment for individuals exploring cost-effective cleaning services. Further, with technological improvements in vacuum cleaners; highly advanced, small-sized, and efficient cleaning appliances are being developed. These robots can easily fit into limited spaces compared to traditional robots. The emergence of futuristic robotics is supporting the innovation of smaller but technologically advanced and cheaper cleaning robots. Therefore, the development of small-sized cleaning robots serves to be a significant driving factor for the growth of this market.
 
The cleaning robot market has been segmented into various verticals– residential, commercial, industrial, and healthcare, among others. The others category includes verticals such as small business units and contract service providers. The residential vertical segment led the global cleaning robot market in 2014, and accounted for a share of 59.4%. In 2014, the floor cleaning robot segment held the largest share of 59.8% of the market for the residential vertical.
 
 
 
 
 

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