DUBLIN--(BUSINESS WIRE)--The "Household Robots Market by Offering (Products, Services), Type, Application (Vacuuming, Lawn Mowing, Companionship, Elderly and Handicap Assistance, Robot Toys and Hobby Systems), and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
Household robots in recent years have witnessed a huge leap in practicality and convenience with the introduction of features such as area or floor mapping and no-go zones. The integration of AI from Amazon (US) and Google (US) has enabled voice activation and smart response for such devices. The usability of household robots, coupled with demand for products to automate household chores like cleaning, is the major driving factor for this market.
Domestic robots, also known as home or service robots, are essentially programmable computers integrated with electrically powered machines that perform household chores. They typically have some capacity for movement, either for moving themselves or manipulating objects, or both. This research study considers household robots such as robotic vacuums, floor cleaners, window cleaners, lawnmowers, pool cleaners, as well as companionship, assistive, and toy robots. Niche applications such as window cleaning robots, laundry robots, and robotic kitchen are included as well.
The household robots market (including services such as yearly maintenance or check-up) was valued at USD 3.02 billion in 2018 and is projected to reach USD 9.87 billion by 2024; it is expected to grow at a CAGR of 22.19% during the forecast period. Except for the segmentation chapter By Offering of the report, the value addition from services is not considered elsewhere throughout the report.
The household robots market (excluding services) was valued at USD 2.77 billion in 2018 and is projected to reach USD 9.13 billion by 2024; it is expected to grow at a CAGR of 22.37% during the forecast period. The household robots market registered a shipment of 10.3 million units in 2018 and is projected to reach 41.4 million units by 2024; it is expected to grow at a CAGR of 26.16% during the forecast period. Increasing adoption of various household robots from consumers and growing demand from the APAC region are a few of the key growth indicators in the household robots market.
The value chain of the household robots ecosystem comprises phases such as planning and revising funds, R&D, manufacturing, assembly, distribution, and after-sales services. R&D and manufacturing phases add maximum value to household robots. iRobot (US), Neato (US), Samsung (South Korea), LG (South Korea), Ecovacs (China), Dyson (UK), Alfred Krcher (Germany), LEGO (Denmark), Blue Frog Robotics (France), and Deere & Company (US), iLife innovation (China), Husqvarna (Sweden), bObsweep (Canada), Miele (Germany), Robomow (Israel), and Maytronics (Israel) are dominating the household robots market. Key strategies adopted by most companies in the household robots market are new product launches, partnerships, and collaborations.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in Household Robots Market
4.2 Household Robots Market, By Offering
4.3 Household Robots Market, By Type
4.4 Household Robots Market in APAC, By Application vs By Country/Region
4.5 Household Robots Market, By Application
4.6 Household Robots Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Robots in Domestic Segment
5.2.1.2 Growing Demand for Autonomous Robots
5.2.2 Restraints
5.2.2.1 Legal Safety and Data Protection Regulations
5.2.3 Opportunities
5.2.3.1 Focus on Improving Endurance Capability of Robots
5.2.3.2 Application of Service Robots for Elderly Assistance
5.2.4 Challenges
5.2.4.1 Programming Robots to Work Safely With Humans
5.2.4.2 Making Household Robots Affordable and Available Globally
5.3 Value Chain Analysis
6 Household Robots Market, By Offering
6.1 Introduction
6.2 Products
6.2.1 Products to Hold Highest Share of Household Robots Market During Forecast Period
6.3 Services
6.3.1 Services to Maintain Lower Share of the Household Robots Market By 2019
7 Household Robots Market, By Type
7.1 Introduction
7.2 Domestic
7.2.1 Vacuuming Application Expected to Hold Largest Share of Household Robots Market for Domestic Robots By 2019
7.3 Entertainment and Leisure
7.3.1 Robot Toys and Hobby Systems to Hold Largest Share of Household Robots Market for Entertainment and Leisure Robots By 2019
8 Household Robots Market, By Application
8.1 Introduction
8.2 Vacuuming
8.2.1 Vacuuming Application Dominated Household Robot Market in 2018
8.3 Lawn Mowing
8.3.1 Lawn Mowing Application to have the Highest Growth During the Forecast Period
8.4 Pool Cleaning
8.4.1 Smartphone Connectivity and Integration of Intelligent Sensors Broaden Capabilities of Pool Cleaning Robots
8.5 Companionship
8.5.1 Mobility and Practicality are Increasingly Sought After Features in Companionship Robots
8.6 Elderly Assistance and Handicap Systems
8.6.1 Elderly Assistance Robots Help Elders With Social Interaction and Assistance
8.6.2 Handicap Systems are Most Expensive Among All Household Robots
8.7 Robot Toys and Hobby Systems
8.7.1 Robot Toys are Most Affordable Among All Household Robots
8.7.2 Hobby Systems are Designed to Perform Simple Tasks and are Highly Customizable
8.8 Others
8.8.1 Window Cleaning Robots are Most Suitable for Cleaning Difficult Areas of A Window
8.8.2 Robotic Kitchen Mimics Human Movement to Automate Various Stages of A Cooking Process
8.8.3 Very Few Companies are Pioneering Laundry Robots
9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 US is One of the Largest Markets for Robotic Vacuums and Lawn Mowers Compared With Other North American Countries
9.2.2 Online Retail Remains Important Medium for Few Household Robotics in Canada
9.2.3 Domestic Players have Significant Impact on Household Robots Market in Mexico
9.3 Europe
9.3.1 Germany is Mature Market for Lawnmowers
9.3.2 Changing Consumer Behaviour is Leading to Increased Acceptance of Household Robots in France
9.3.3 Online Distribution Channels in the UK are an Important Outlet for Household Robots
9.3.4 Rest of Europe
9.4 APAC
9.4.1 Demand From Increasing Middle-Class Population in China for Domestic Cleaning Driving Growth of Market
9.4.2 Consumers Positive Sentiment Toward Household Robots Drive Market in South Korea
9.4.3 Japan is Strongly Advocating Robots for Elderly Assistance Due to an Increase in the Ageing Population
9.4.4 Rest of APAC
9.5 RoW
9.5.1 Consumer Preference Toward Traditional Vacuums With High Suction Power Limit Growth of Household Robots Market in Middle East and Africa
9.5.2 High Rate of Adoption of Robotic Vacuums Drive Market in South America
10 Competitive Landscape
10.1 Overview
10.2 Market Ranking Analysis: Household Robots Market, 2018
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Dynamic Differentiators
10.3.3 Innovators
10.3.4 Emerging Companies
10.4 Strength of Product Portfolio (25 Players)
10.5 Business Strategy Excellence (25 Players)
10.6 Competitive Situations and Trends
10.6.1 Product Launches
10.6.2 Partnerships and Collaborations
10.6.3 Expansions
10.6.4 Acquisitions
11 Company Profiles
11.1 Key Players
11.1.1 Irobot
11.1.2 Neato Robotics
11.1.3 Samsung
11.1.4 Ecovacs Robotics
11.1.5 Alfred Krcher
11.1.6 Dyson
11.1.7 LG
11.1.8 Blue Frog Robotics
11.1.9 Lego Group
11.1.10 Deere & Company
11.2 Other Key Players
11.2.1 Husqvarna Group
11.2.2 Ilife Innovations
11.2.3 Bobsweep
11.2.4 Miele
11.2.5 BSH Hausgerte
11.2.6 TEMI
11.2.7 Monoprice
11.2.8 Robomow
11.2.9 Maytronics
11.2.10 Hayward Industries
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