AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Robotic Vacuum Cleaner Market Analysis, Trends, Drivers & Challenges During the Forecast Period, 2020-2024 - ResearchAndMarkets.com

January 23, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 23, 2020--

The “Robotic Vacuum Cleaner Market by Application, End-users, Charging, and Geography - Forecast and Analysis 2020-2024” report has been added to ResearchAndMarkets.com’s offering.

Global Robotic Vacuum Cleaner Market: About this market

The robotic vacuum cleaner market analysis considers sales from both the residential sector and commercial end-users. Our study also finds the sales of robotic vacuum cleaner in APAC, Europe, MEA, North America, and South America. In 2019, the residential sector segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as easy operability and low cost of manual vacuum cleaners will play a significant role in the residential sector segment to maintain its market position. Also, our global robotic vacuum cleaner market report looks at factors such as inclusion of air filters in robotic vacuum cleaners, aging population driving adoption of robotic vacuum cleaners, low maintenance cost and high productivity of robotic vacuum cleaners and changing lifestyles and tech-savvy population. However, threat from counterfeit products, issues associated with battery life, and regulatory challenges in Europe may hamper the growth of the robotic vacuum cleaner industry over the forecast period.

Global Robotic Vacuum Cleaner Market: Overview

Changing lifestyles and tech-savvy population

Smart homes and smart appliances have simplified the lives of people. Smart homes that can integrate all functionalities of the home with hand-held devices and enable the user to control all household appliances, lighting, and other functions have increased the inclination of people toward automation. Moreover, evolving lifestyles and busy schedules leave consumers hard-pressed for time for performing cleaning and mopping tasks. This is further driving the adoption of robotic vacuum cleaners. This changing lifestyles and tech-savvy population will lead to the expansion of the global robotic vacuum cleaner market at a CAGR of almost 18% during the forecast period.

Internet of Clean (IoC)

loC is a term coined by Diversey, a company that provides floor cleaning robots in the commercial sector. loC is the new trend in the market with the objective of incorporating the cleaning of commercial places with information generating smart devices. The loC technology generates insights from equipment, operations, and consumption associated with cleaning activities with the help of sensors connected to automated machines. Utilizing this data, the end-user can attain high productivity, asset optimization, operational performance. and safety assurance, besides being able to perform task prioritization and resource management. This development is expected to have a positive impact on the overall market growth.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY END-USER

PART 07: MARKET SEGMENTATION BY APPLICATION

PART 08: MARKET SEGMENTATION BY TYPE OF CHARGING

PART 09: CUSTOMER LANDSCAPE

PART 10: GEOGRAPHIC LANDSCAPE

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

PART 13: MARKET TRENDS

PART 14: VENDOR LANDSCAPE

PART 15: VENDOR ANALYSIS

For more information about this report visit https://www.researchandmarkets.com/r/xqa9uj

View source version on businesswire.com:https://www.businesswire.com/news/home/20200123005640/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: RETAIL HOME GOODS

SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 01/23/2020 11:53 AM/DISC: 01/23/2020 11:53 AM

http://www.businesswire.com/news/home/20200123005640/en