Market Overview
Residential robotic vacuum cleaners are mainly used for cleaning residential areas such as pool, lawn, gutter, and floors. Mobile base, batteries, cleaning system, and programming software are some of the major component of residential robotic vacuum cleaners. These vacuum cleaners use intelligent sensors and cameras mounted on the top for cleaning the top corners. Moreover, these robots also composed of room mapping, laser vision, and robotic self-charging to provide convenience to users. Based on the task, residential robotic vacuum cleaners are classified into in-house robot and outdoor robots, in-house robots are used for in-house cleaning activity such as floor-washing, sweeping, mopping, etc. whereas Outdoor robots are used for pool cleaning and gutter cleaning.

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The global Residential Robotic Vacuum Cleaner Market is estimated to account for US$ 2099.0 Mn in 2019 in terms of value and is expected to grow at CAGR of 11.9% for the period 2019-2027
Market Dynamics- Drivers

Rising disposable income in emerging economies is expected to drive growth of the global residential robotic vacuum market during the forecast period
Increasing disposable income across emerging countries is encouraging people to buy technically advanced products that are expected to foster market growth. According to the Coherent Market Insights’ analysis, in developed regions such as North America and Europe, the disposable income of citizens is high and hence, their spending capacity is high on such technically advanced products. This factor is expected to drive the global residential robotics vacuum cleaner market growth during the forecast period
High presence of major market players in North America is expected to propel the global residential robotic vacuum market growth over the forecast period
The strong presence of players especially in North America due to the high demand for advanced technological products is fueling the market growth of residential robotic vacuum cleaners. Some of the major market players in North America's residential robotic vacuum cleaner market are iRobot Corporation, Neato Robotics, Inc., and Moneual. Apart from these, other prominent vendors include Dyson Inc., Ecovacs Robotics, Yujin Robot Inc., etc.
North America region dominated the global Residential Robotic Vacuum Cleaner Market in 2019, accounting for 43.8% share in terms of value, followed by Europe, Asia Pacific, Latin America and Middle East and Africa respectively

Market Opportunities

High demand for small and compact devices can present major growth opportunities
Growing demand for small and compact appliances is expected to offer numerous growth opportunities to the market of the residential robotic vacuum cleaner. Residential robotic vacuum cleaners relatively are compact and lightweight which is increasing demand for small appliances and this factor is expected to affect the growth of the residential robotic vacuum cleaner market positively over the forecast timeframe.
Growing expansion of global consumer electronics market is expected to provide lucrative business opportunities
Expanding consumer electronics market is projected to offer lucrative growth opportunities over the forecast timeframe. Growth witnessed in the consumer electronics market is projected to fuel the growth of the residential robotic vacuum cleaner market over the forecast period. Moreover, countries such as China, U.S., and India are the major contributors to the global Residential robotic vacuum cleaner and this will favor the market growth in the near future.

Key features of the study:

• This report provides an in-depth analysis of the Global Residential Robotic Vacuum Cleaner Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2019 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global Residential Robotic Vacuum Cleaner Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global Residential Robotic Vacuum Cleaner Market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Residential Robotic Vacuum Cleaner Market

Detailed Segmentation:
Global Residential Robotic Vacuum Cleaner Market, By Robot type:
• In-House Robot
• Outdoor Robot
Global Residential Robotic Vacuum Cleaner Market, By Mode of Charging:
• Manual Charging
• Auto Battery Charging


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Competitive Section:
Key players operating in the global residential robotic vacuum cleaner market are Ecovacs Robotics, Inc., Milagrow Business & Knowledge Solutions (Pvt.) Limited, iRobot Corporation, Pentair plc, Neato Robotics, Inc., Samsung Electronics Co., Ltd., Yujin Robot, Co., Ltd., Philips Electronics N.V, Dyson Inc., and Hayward Industries, Inc.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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