Cleaning Robot Market

Market Leadership - Cleaning Robot Market

The cleaning robot market size is projected to reach USD 24.8 billion by 2026 from an estimated USD 8.9 billion in 2021, at a CAGR of 22.8% from 2021 to 2026. The smaller size of cleaning robots in comparison to traditional robots, growing penetration of automation in homes, and the evolution of IoT have propelled the growth of the cleaning robot market.

iRobot (US), Ecovacs Robotics (China), Samsung Electronics (South Korea), LG Electronics (South Korea), Xiaomi (China), Roborock (China), SharkNinja (US), Neato Robotics (US), Cecotec Innovaciones (Spain), and Panasonic (Japan) are a few key companies operating in the cleaning robot market. These players have adopted various growth strategies, such as product launches, partnerships, expansions, and contracts, to retain their presence in the cleaning robot market. Partnerships has been the most dominating strategy adopted by the key players from January 2018 to December 2020 to help them strengthen their product portfolio and broaden their customer base.

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iRobot majorly focuses on innovation to fulfill its vision of making practical robots a reality. Various strategies such as product launches, product developments, and the expansion of its global footprint have enabled it to retain its position as one of the leading companies for cleaning robots. Its substantial R&D spending of 12.9% and 11.7% in 2019 and 2018, respectively, and branding and marketing have facilitated the company to sell more than 30 million robots worldwide. Addition, the company aims to provide people with smarter ways to clean through its multiple product launches and to strengthen its customer base through its geographical expansions following organic and inorganic growth strategies to expand in the cleaning robot market.

Ecovacs is a privately owned company that excels in providing high-class products in the cleaning robot market. The company provides 4 main products—DEEBOT, WINBOT, ATMOBOT, and BENEBOT—that provide comprehensive features to enable efficient smartphone connectivity. Additionally, comprehensive R&D investments and large-scale spending have allowed the company to sustain and maintain a leadership position in the market. The company’s primary area of focus has been personal cleaning robots, which has helped the company focus all its resources on serving the residential application. This has ultimately led to its strong leadership position in the cleaning robot market.

Extensive experience in consumer electronics and a large geographical presence are some of the key strengths of Samsung Electronics. Additionally, the ability to cater to the needs of the cleaning robot market with devices enabled with the latest technology has been a booster. The company has integrated digital services, 5G, AI, and IoT with its products to provide devices with high-end features. Samsung’s substantial spending on R&D has enabled the company to stay ahead of its competitors in various ways, such as technicality, production, and marketing of its products.

Related Reports:

Cleaning Robot Market with COVID-19 Impact by Type (Professional, Personal), Product (Floor Cleaning, Lawn Cleaning, Pool Cleaning, Window Cleaning), Application (Residential, Commercial, Industrial, Healthcare), and Geography - Global Forecast to 2026

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Report Code
SE 3777
RI Published ON
3/12/2021
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