Household Robots Market by Offering (Products, Services), Type (Domestic, Entertainment & Leisure), Application (Vacuuming, Lawn Mowing, Companionship, Elderly and Handicap Assistance, Robot Toys and Hobby Systems), and Geography - Global Forecast to 2024
[132 Pages Report] The household robots market is expected to grow from USD 3.3 billion in 2019 to USD 9.1 billion by 2024; it is expected to grow at a CAGR of 22.4% during the forecast period. Technological advancements are enabling household robots to become more practical and usable day by day. This is driving the consumer demand and acceptance of such products. Rising consumer demand for autonomous robotic technology, along with minimization of human intervention, is another factor driving the market.
Product offerings to hold larger market share in 2019
Vacuuming robots, lawn mowing robots, or pool cleaning robots can be termed as product offerings, while yearly repair and maintenance services are covered under service offerings. Products are becoming more reliable and technologically advanced over time. Items such as filters, brushes, and batteries can easily be replaced by the user. This will reduce the need for maintenance and servicing in the future, and the market size and share for product offerings are projected to increase over time.
Market for domestic robots to grow at highest CAGR during forecast period
Domestic robots, which include; vacuuming, lawn mowing, pool cleaning, and window cleaning robots are expected to grow at a higher CAGR when compared with entertainment and leisure robots. Since domestic robots have the practical benefit of automating mundane tasks, such as cleaning or mowing, they are expected to contribute to a larger share of the market in the near future. A number of emerging companies have been focusing on offering domestic robots rather than entertainment and leisure robots, which will lead to a higher growth rate of domestic robots.
Household robots market for vacuuming application to maintain highest share during 2019–2024
Robotic vacuum cleaners can be deployed in all households, regardless of the floor type. This is one of the major advantages of robotic vacuums. Strong demand from consumers has pushed companies to bring technological advances, such as Wi-Fi connectivity, HEPA filter, real-time floor mapping, and automated recharging and disposal to improve practicality. AI integration of robots in collaboration with Amazon (US), Google (US), and Facebook (US) is another recent development, allowing users to operate these robots remotely from smartphones and smartwatches. These combined factors are responsible for maximizing the share of robotic vacuums when compared with other household robots.
Market in APAC is expected to grow at highest CAGR during forecast period
APAC is expected to witness the largest share of the household robots market during 2019–2024. Growth of household robots in the APAC region is strongly correlated with consumer demand the region. Increase in investment toward household robots, especially in countries such as China, Japan, and South Korea is driving the market in this region. China is expected to register the highest growth compared with other countries in APAC. However, developing countries in APAC, such as India present limited scope for market penetration and growth.
Key Market Players
Major companies in the household robots market are iRobot (US), Neato (US), Samsung (South Korea), LG (South Korea), Ecovacs (China), Dyson (UK), Alfred Kärcher (Germany), LEGO (Denmark), John Deere (US), iLife Innovation (China), bObsweep (Canada), Miele (Germany), BSH Hausgeräte (Germany), temi (US), Monoprice (US) Husqvarna (Sweden), Robomow (Israel), Maytronics (Israel), Hayward Industries (US), Miele (Germany), Bissell (US), Pillo (US), and Anki (US). Apart from these, Blue Frog Robotics (France) and ASUSTek (Taiwan) are few of the emerging companies in the household robots market.
Neato (US) is one of the key players in the household robots market. The company is primarily engaged in the manufacturing and selling of automated robotic vacuum cleaners for floor cleaning under the Botvac product line-up. The company focuses on introducing evolutionary features to its line-up. It includes features such as laser navigation, wireless connectivity, smart watch support and app connectivity in its models, which helps it differentiate itself from others. In addition, the company also pioneered in its unique D-shaped robotic vacuum to clean corners more effectively. The designing of these robots is done in the US, while contract manufacturing is done in China. Neato was acquired by Vorwerk (Germany) in September 2017. However, the company operates within the Vorwerk Group as a wholly owned independent business unit, with its own brand identity with no changes in the leadership or daily operations. Vorwerk Group is the parent company of Neato Robotics, while Neato B.V. (Netherlands) and Neato Srl (Italy) are the subsidiaries of the company.
Scope of the Report:
|
Report Metric |
Details |
|
Market size available for years |
2016–2024 |
|
Base year |
2018 |
|
Forecast period |
2019–2024 |
|
Units |
Value (USD) and Volume (Units) |
|
Segments covered |
Offerings, Type, Application, and Region |
|
Geographic regions covered |
North America, APAC, Europe, and RoW |
|
Companies covered |
iRobot (US), Neato (US), Samsung (South Korea), LG (South Korea), Ecovacs (China), Dyson (UK), Alfred Kärcher (Germany), LEGO (Denmark), Blue Frog Robotics (France), John Deere (US), iLife Innovation (China), bObsweep (Canada), Miele (Germany), BSH Hausgeräte (Germany), temi (US), Monoprice (US) Husqvarna (Sweden), Robomow (Israel), Maytronics (Israel), Hayward Industries (US), ASUSTek (Taiwan), Miele (Germany), Bissell (US), Pillo (US), and Anki (US). |
This report categorizes the household robots market based on type, application, offering, and region.
Household Robots Market, by Offering:
- Products
- Services
Household Robots Market, by Type:
- Domestic
- Entertainment and Leisure
Household Robots Market, by Application:
- Vacuuming
- Lawn Mowing
- Pool Cleaning
- Companionship
- Elderly Assistance and Handicap Assistance
- Robot Toys and Hobby Systems
- Others (Window Cleaning, Robotic Kitchen, and Laundry Robot)
Household Robots Market, by Region:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Rest of Europe
- APAC
- China
- South Korea
- Japan
- Rest of APAC
- RoW
- Middle East & Africa
- South America
Recent Developments
- In January 2019, iRobot announced its entry into the robotic lawn mower marketspace with Terra. Terra features advanced navigation and ground mapping technology. The initial rollout of the product will be limited within Germany.
- In October 2018, iRobot announced a collaboration with Google (US) to integrate Google’s AI assistant into various robotic vacuums offered by the company. This has enabled users to control their robots using voice commands.
- In August 2018, Neato launched 2 new robot vacuums; Botvac D4 Connected and Botvac D6 connected with LaserSmart technology, which optimized the navigation capability of the robot.
Key Questions Addressed in the Report
- As new companies enter the market targeting popular applications such as vacuuming and lawn mowing, who will account for a larger market share—the top 4 players or new entrants?
- In the case of domestic and entertainment and leisure robots, which type will have a larger market share, and which will be the fast-growing type?
- With applications of AI, coupled with advanced sensors, software, and cameras, capabilities of household robots have increased significantly in the last few years. Will AI-enabled voice assistants from Google (US) and Amazon (US) become a mainstream feature in most household robots?
- In 2018, both North America and APAC held a relatively similar market share; however, APAC is expected to surpass the North American market in the near future. Will China be the fastest-growing country, or will this trend change as other countries in APAC start to adopt household robots?
- What are the key market dynamics influencing market growth? How will it play into the strength and weaknesses of the company, both from its internal and external viewpoint?
Frequently Asked Questions (FAQ):
Why there is increasing need of robots for household applications? Which type of robot is expected to drive the growth of the market in the next 5 years?
Household robots in recent years have witnessed a huge leap in practicality and convenience in terms of autonomous operation. The usability of household robots, coupled with demand for products to automate household chores like cleaning and mowing, is the major driving factor for this market. Lawn mowing robots are expected to have fastest growth during the forecast period as it is expected that traditional lawn mowers will be replaced by robotic lawn mowers.
Which are the major companies in the market? What are their major strategies to strengthen their market presence?
The major companies for household robots operating in the marketspace are iRobot (US), Samsung (South Korea), Neato Robotics (US), LG (South Korea), and Ecovacs (China). The key strategies adopted by the main players in the industry are product launches, partnerships & collaborations, and expansions.
Which region is expected to witness significant demand for various household robots in the coming years?
APAC is expected to witness significant demand for household robots in the coming years. This demand will primarily be driven by countries such as China and South Korea. Regional manufacturers of household robots in China and South Korea coupled with the growing popularity of various household robots in the region is contributing to the high growth in APAC.
Which are the major household applications adopting robots?
The market for vacuumming applications outweighs other household applications by a significant margin. Robotic vacuum cleaners can be deployed in all households, regardless of the floor type. The popularity of floor cleaning robots, especially robot vacuums in the domestic sector has helped this market grow rapidly. The market for lawn mowers and pool cleaners is limited compared to the market for robotic vacuum cleaners, as many households do not have private lawns or pools.
What are the opportunities for the current players and new entrants in the market to widen their revenue streams?
With the rapid increase in the number of the ageing population worldwide, service robots for household use is expected to create a significant market opportunity in the next 5-10 years. With robotic lawn mowers projected to have the fastest growth, many of the existing market players who manufacture robotic vacuums can leverage their navigation technology know-how to also develop lawn mowing robots
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Table of Contents
1 Introduction (Page No. - 15)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Years Considered
1.4 Currency
1.5 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.3 Market Projections
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 29)
4.1 Attractive Market Opportunities in Household Robots Market
4.2 Household Robots Market, By Offering
4.3 Market, By Type
4.4 Market in APAC, By Application vs By Country/Region
4.5 Market, By Application
4.6 Market, By Country
5 Market Overview (Page No. - 32)
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 (Page No. - 38)
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 Market By 2019
7 Household Robots Market, By Type (Page No. - 41)
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 Market for Entertainment and Leisure Robots By 2019
8 Household Robots Market, By Application (Page No. - 47)
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 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 (Page No. - 78)
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 Market in Middle East and Africa
9.5.2 High Rate of Adoption of Robotic Vacuums Drive Market in South America
10 Competitive Landscape (Page No. - 92)
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 (Page No. - 101)
11.1 Key Players
(Business overview, Products offered, Recent developments, SWOT analysis, and MnM view)*
11.1.1 Irobot
11.1.2 Neato Robotics
11.1.3 Samsung
11.1.4 Ecovacs Robotics
11.1.5 Alfred Kärcher
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 Hausgeräte
11.2.6 TEMI
11.2.7 Monoprice
11.2.8 Robomow
11.2.9 Maytronics
11.2.10 Hayward Industries
*Details on Business overview, Products offered, Recent developments, SWOT analysis, and MnM view might not be captured in case of unlisted companies.
12 Appendix (Page No. - 126)
12.1 Discussion Guide
12.1.1 for Oems
12.1.2 Additional Questions for Distributors
12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details
List of Tables (66 Tables)
Table 1 Household Robots Market, By Offering, 2016-2024 (USD Billion)
Table 2 Market, By Type, 2016–2024 (USD Million)
Table 3 Market, By Type, 2016–2024 (Thousand Units)
Table 4 Household Robots Market for Domestic Robots, By Application, 2016–2024 (USD Million)
Table 5 Market for Domestic Robots, By Application, 2016–2024 (Thousand Units)
Table 6 Household Robots Market for Entertainment and Leisure Robots, By Application, 2016–2024 (USD Million)
Table 7 Market for Entertainment and Leisure Robots, By Application, 2016–2024 (Thousand Units)
Table 8 Household Robots Market, By Application, 2016–2024 (USD Million)
Table 9 Market, By Application, 2016–2024 (Thousand Units)
Table 10 Household Robots Market for Vacuuming Applications, By Region, 2016–2024 (USD Million)
Table 11 Market for Vacuuming Applications, By Region, 2016–2024 (Thousand Units)
Table 12 Market for Vacuuming Applications in North America, By Country, 2016–2024 (USD Million)
Table 13 Market for Vacuuming Applications in Europe, By Country, 2016–2024 (USD Million)
Table 14 Market for Vacuuming Applications in APAC, By Country, 2016–2024 (USD Million)
Table 15 Market for Vacuuming Applications in RoW, By Region, 2016–2024 (USD Million)
Table 16 Household Robots Market for Lawn Mowing Application, By Region, 2016–2024 (USD Million)
Table 17 Market for Lawn Mowing Application, By Region, 2016–2024 (Thousand Units)
Table 18 Market for Lawn Mowing Application in North America, By Country, 2016–2024 (USD Million)
Table 19 Market for Lawn Mowing Application in Europe, By Country, 2016–2024 (USD Million)
Table 20 Market for Lawn Mowing Application in APAC, By Country, 2016–2024 (USD Million)
Table 21 Market for Lawn Mowing Application in RoW, By Country, 2016–2024 (USD Million)
Table 22 Household Robots Market for Pool Cleaning Application, By Region, 2016–2024 (USD Million)
Table 23 Market for Pool Cleaning Application, By Region, 2016–2024 (Thousand Units)
Table 24 Market for Pool Cleaning Application in North America, By Country, 2016–2024 (USD Million)
Table 25 Market for Pool Cleaning Application in Europe, By Country, 2016–2024 (USD Million)
Table 26 Market for Pool Cleaning Application in APAC, By Country, 2016–2024 (USD Million)
Table 27 Market for Pool Cleaning Application in RoW, By Region, 2016–2024 (USD Million)
Table 28 Household Robots Market for Companionship Application, By Region, 2016–2024 (USD Million)
Table 29 Market for Companionship Application, By Region, 2016–2024 (Thousand Units)
Table 30 Market for Companioniship Application in North America, By Country, 2016–2024 (USD Million)
Table 31 Market for Companioniship Application in Europe, By Country, 2016–2024 (USD Million)
Table 32 Market for Companioniship Application in APAC, By Country, 2016–2024 (USD Million)
Table 33 Market for Companioniship Application in RoW, By Region, 2016–2024 (USD Million)
Table 34 Household Robots Market for Elderly Assistance and Handicap Systems Application, By Region, 2016–2024 (USD Million)
Table 35 Market for Elderly Assistance and Handicap Systems Application, By Region, 2016–2024 (Thousand Units)
Table 36 Market for Elderly Assistance and Handicap Systems Application in North America, By Country, 2016–2024 (USD Million)
Table 37 Market for Elderly Assistance and Handicap Systems Application in Europe, By Country, 2016–2024 (USD Million)
Table 38 Market for Elderly Assistance and Handicap Systems Application in APAC, By Country, 2016–2024 (USD Million)
Table 39 Market for Elderly Assistance and Handicap Systems Application in RoW, By Country, 2016–2024 (USD Million)
Table 40 Household Robots Market for Robot Toys and Hobby Systems Application, By Region, 2016–2024 (USD Million)
Table 41 Market for Robot Toys and Hobby Systems Application, By Region, 2016–2024 (Thousand Units)
Table 42 Market for Robot Toys and Hobby Systems Application in North America, By Country, 2016–2024 (USD Million)
Table 43 Market for Robot Toys and Hobby Systems Application in Europe, By Country, 2016–2024 (USD Million)
Table 44 Market for Robot Toys and Hobby Systems Application in APAC, By Country, 2016–2024 (USD Million)
Table 45 Market for Robot Toys and Hobby Systems Application in RoW, By Country, 2016–2024 (USD Million)
Table 46 Household Robots Market for Other Applications, By Region, 2016–2024 (USD Million)
Table 47 Market for Other Applications, By Region, 2016–2024 (Thousand Units)
Table 48 Market for Other Applications in North America, By Country, 2016–2024 (USD Million)
Table 49 Market for Other Applications in Europe, By Country, 2016–2024 (USD Million)
Table 50 Market for Other Applications in APAC, By Country, 2016–2024 (USD Million)
Table 51 Market for Others Application in RoW, By Country, 2016–2024 (USD Million)
Table 52 Household Robots Market, By Region, 2016–2024 (USD Million)
Table 53 Market, By Region, 2016–2024 (Million Units)
Table 54 Market in North America, By Country, 2016–2024 (USD Million)
Table 55 Market in North America, By Application, 2016–2024 (USD Million)
Table 56 Market in Europe, By Country, 2016–2024 (USD Million)
Table 57 Market in Europe, By Application, 2016–2024 (USD Million)
Table 58 Market in APAC, By Country, 2016–2024 (USD Million)
Table 59 Market in APAC, By Application, 2016–2024 (USD Million)
Table 60 Market in RoW, By Region, 2016–2024 (USD Million)
Table 61 Market in RoW, By Application, 2016–2024 (USD Million)
Table 62 Market Ranking, 2018
Table 63 Product Launches, 2017–2018
Table 64 Partnerships and Collaborations, 2018
Table 65 Expansions, 2017–2018
Table 66 Acquisitions, 2017–2018
List of Figures (44 Figures)
Figure 1 Segmentation of Household Robots Market
Figure 2 Household Robots Market: Research Design
Figure 3 Market: Bottom-Up Approach
Figure 4 Market: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Market for Products to Grow at Higher CAGR Compared to Services
Figure 7 Domestic Robots to Dominate Household Robots Market During Forecast Period
Figure 8 Vacuuming Application to Hold Largest Share of Market, in Terms of Volume, By 2019
Figure 9 Household Robots Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 10 Growing Demand for Robotic Vacuums to Drive Growth of Market During Forecast Period
Figure 11 in Terms of Value, Products to Maintain Significantly Larger Market Share Compared to Services Throughout Forecast Period
Figure 12 Domestic Robots to Hold Larger Share of Household Robots Market Compared to Entertainment and Leisure Robots, in Terms of Volume, By 2019
Figure 13 Vacuuming Application to Hold Largest Share of Market in APAC, in Terms of Value, By 2019
Figure 14 Vacuuming Application to Hold Largest Share of Market, in Terms of Value, By 2019
Figure 15 US to Hold Largest Share of Household Robots Market, in Terms of Value, By 2019
Figure 16 Household Robots Market: Drivers, Restraints,Opportunities, and Challenges
Figure 17 Growing Elderly US Population From 2016 to 2030
Figure 18 Value Chain Analysis of Household Robots Ecosystem: R&D and Manufacturing Phases Contribute Maximum Value
Figure 19 Household Robots Market for Products to Grow at Higher CAGR During 2019–2024
Figure 20 Market for Domestic Robots to Grow at Higher CAGR During Forecast Period
Figure 21 Vacuuming Applications to Register Highest Market Size During Forecast Period
Figure 22 Household Robots Market for Elderly and Handicap Assistance to Grow at Highest CAGR
Figure 23 Vacuuming Applications to Hold Largest Size of Market During Forecast Period
Figure 24 Market for Vacuuming Applications in APAC to Grow at Highest CAGR During 2019–2024
Figure 25 APAC Projected to Account for Largest Market Size By 2024
Figure 26 Market for Pool Cleaning Applications in Europe to Grow at Highest CAGR During Forecast Period
Figure 27 Market for Companionship Application in APAC to Grow at Highest CAGR During Forecast Period
Figure 28 APAC to Hold Largest Market Size for Elderly Assistance and Handicap Systems By 2024
Figure 29 APAC to Witness Highest CAGR in Market for Hobby Systems During Forecast Period
Figure 30 Market for Other Applications in APAC to Grow at Highest CAGR During Forecast Period
Figure 31 China to Witness Highest CAGR in Overall Household Robots Market During Forecast Period
Figure 32 North America: Snapshot of Market
Figure 33 Professional Lawn Services Sought After in US Households, 2017
Figure 34 Europe: Snapshot of Household Robots Market
Figure 35 APAC: Snapshot of Market
Figure 36 South America to Account for Larger Size of Household Robots Market During Forecast Period
Figure 37 Players in Market Adopted Product Launches as Their Key Strategy for Business Expansion From 2016 to 2018
Figure 38 Household Robots Market (Global) Competitive Leadership Mapping, 2018
Figure 39 Market Witnessed A Significant Growth From 2016 to 2018
Figure 40 Irobot: Company Snapshot
Figure 41 Samsung: Company Snapshot
Figure 42 Alfred Kärcher: Company Snapshot
Figure 43 LG: Company Snapshot
Figure 44 Deere & Company: Company Snapshot
The study involved 4 major activities in estimating the current size of the household robots market. Exhaustive secondary research has been done to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information pertinent to this study. Secondary sources include annual reports; press releases; investor presentations; white papers; journals and certified publications; and articles from recognized authors, directories, and databases. Secondary research has been conducted to obtain key information about the industry’s supply chain, market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottommost level), geographic markets, and key developments from both market- and technology-oriented perspectives.
After the complete market engineering (which includes calculations for market statistics, market breakdown, data triangulation, market size estimations, and market forecasting), extensive primary research has been carried out to gather information, as well as to verify and validate the critical numbers arrived at.
Primary Research
Extensive primary research has been conducted after gaining knowledge about the household robots market scenario through secondary research. Several primary interviews have been conducted with market experts from both demand (commercial application providers) and supply (equipment manufacturers and distributors) sides across 4 major regions: North America, Europe, APAC, and RoW. Approximately 20% and 80% primary interviews have been conducted with parties from the demand side and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews.
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Market Size Estimation
In the complete engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the household robots market and other dependent submarkets. Key players in the market have been determined through primary and secondary research. This entire research methodology involves the study of the annual and financial reports of top market players and extensive interviews with industry experts, such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) about the household robots market.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the market segments covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analyses from MarketsandMarkets and presented in the report.
Data Triangulation
After arriving at the overall market size using the estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides in vacuuming; lawn mowing; pool cleaning; companionship; elderly assistance and handicap systems; robot toys and hobby systems; and window cleaning, robotic kitchen, and laundry robot applications.
Report Objectives
- To describe and forecast the household robots market, in terms of value and volume, segmented on the basis of offering, type, and application
- To describe and forecast the market size, in terms of value and volume, for 4 main regions: North America, Europe, APAC, and RoW
- To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
- To provide a detailed overview of the value chain pertaining to the household robots ecosystem
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
- To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the household robots market
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