Understand How The Cleaning Robot Market Is Set To Grow In Through 2024-2033
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The cleaning robot market has witnessed exponential growth in recent years, and the trend is set to continue. In 2023, the market size reached $11.44 billion, and it is projected to reach $14.2 billion in 2024, with a compound annual growth rate (CAGR) of 24.2%. Looking further ahead, the market is forecasted to skyrocket to $34.86 billion by 2028, with a CAGR of 25.2%. This surge is attributed to various factors that have shaped the market dynamics.
Driving Factors for Growth
- Increase in Labor Costs and Automation Demand
- Rising labor costs drive businesses to adopt cost-effective automation solutions.
- Growing demand for automation across industries fuels the need for cleaning robots.
- Awareness of Hygiene and Cleanliness
- Heightened awareness among consumers about hygiene and cleanliness.
- Changing lifestyle preferences contribute to the demand for efficient cleaning solutions.
- Expanded Commercial and Industrial Cleaning Needs
- Rapid expansion of commercial and industrial sectors.
- Increasing cleaning requirements drive the adoption of efficient cleaning technologies.
- Adoption in Healthcare Facilities
- Cleaning robots find applications in healthcare facilities for improved cleanliness.
- The emphasis on sanitation in healthcare settings boosts market growth.
- Rise in Smart Home and IoT-Enabled Devices
- Growing demand for smart home devices enhances the adoption of cleaning robots.
- Integration with IoT technologies contributes to increased functionality.
Artificial Intelligence (AI) and the Internet of Things (IoT) as Catalysts
The integration of artificial intelligence (AI) and the Internet of Things (IoT) is a key driver behind the growth of the cleaning robot market. These technologies enhance the capabilities of cleaning robots, making them smarter, more efficient, and better integrated into various settings.
AI and IoT Statistics
- According to Ericsson, global IoT connections reached 13.2 billion in 2022, expected to increase by 18% to 34.7 billion by 2028.
- IBM reports a 4% increase in businesses using AI, reaching 35% in 2022 compared to 2021.
Impact on Cleaning Robots
- Cleaning robots benefit from AI and IoT, becoming more intelligent and seamlessly integrated into residential and commercial environments.
- The increased adoption of these technologies contributes significantly to the market’s overall growth.
Major Companies Shaping the Market
Leading companies play a crucial role in the development and innovation of cleaning robots. Some key players in the market include Ecovacs Robotics, Samsung Electronics, iRobot Corporation, and others.
Notable Innovations
- Ongoing product innovation is a prominent trend in the market, with companies striving to develop advanced cleaning robots.
- Midea Group’s S8+ auto-dust-collection robot exemplifies the shift towards intelligent cleaning companions catering to modern lifestyles.
Strategic Acquisitions
- In January 2022, Reliance Retail acquired a 54% stake in Addverb Technologies for $132 million, accelerating its expansion in robotics and manufacturing.
Market Segmentation
The cleaning robot market is diverse, catering to various needs and applications. The market is segmented based on product, type, and application.
Segmentation Overview
- By Product:
- Floor-Cleaning Robot
- Pool-Cleaning Robot
- Window-Cleaning Robot
- Others (Mobile air purification robots, HVAC duct-cleaning robots, solar panel cleaning robots, and aquarium cleaning robots)
- By Type:
- Personal Cleaning Robot
- Professional Cleaning Robot
- By Application:
- Residential
- Commercial
- Industrial
- Healthcare
- Others (Small business units and contract service providers)
Regional Dynamics
Asia-Pacific emerged as the largest region in the cleaning robot market in 2023 and is anticipated to maintain its position as the fastest-growing region in the forecast period.
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The Cleaning Robot Global Market Report 2024 provides an overview of the cleaning robot market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cleaning robot market forecast analyzes cleaning robot market size, cleaning robot market share, leading competitor and their market positions.
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