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3. iRobot Corporation (US) and Ecovacs Robotics Co., Ltd (China) are the Key Players in the Cleaning Robot Market

The Cleaning Robot Market is projected to grow from USD 9.8 Billion in 2022 to USD 25.9 Billion by 2027; it is expected to grow at a CAGR of 21.5% during the forecast period. Growing penetration of AI and IoT in household appliances, increasing improvements in vacuum cleaners such as compact size and self-charging capability and surging need for disinfecting robots in healthcare facilities are factors expected to boost the growth of the cleaning robot market in the next five years. However, lower penetration of obstacle avoidance technology in cleaning robots and perceiving unstructured human environment for cleaning robots are projected to be the key challenges and restraining factors for the industry players.

Key players operating in the market include iRobot Corporation (US), Ecovacs Robotics Co., Ltd (China), Samsung Electronics Co., Ltd. (South Korea), Xiaomi (China), and Roborock (China) among others. The companies achieved their positions with the help of a wide product portfolio and innovating and launching new products. Market players are also trying to broaden their revenue stream by adopting inorganic business strategies.

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iRobot Corporation is one of the prominent players in designing and developing robots for the robotic and consumer products industries. The company’s products are used in connected homes and advanced cleaning, mapping and navigation, human–robot interaction, and physical solutions. iRobot Corporation provides a practical and valuable robot named Roomba for vacuuming and Braava for mopping. Large-scale utilization of these robots has enabled their penetration into millions of households across the world. Additionally, the company has also reinforced its cloud connectivity through Amazon Web Services along with a Home Knowledge Cloud that supports over-the-air delivery of new features and functions quickly and cost-effectively. Furthermore, the company faces competition from firms that principally focus on robotic cleaning, such as Ecovacs Robotics Co., Ltd, Roborock, Vorwerk & Co. KG, and iLife.

Ecovacs Robotics Co., Ltd is a Chinese technology company engaged in developing in-home robotic appliances. The company was founded in 1998 as an original equipment manufacturer of vacuum cleaners under the name TEK Electrical Company. Ecovacs Robotics Co., Ltd designs and supplies robots for cleaning (home and industrial), air-purification, security and surveillance, and in-store sales assistance. Ecovacs Robotics Co., Ltd has a strong R&D network that enables long-term investments in technology related to home robotics. The company specializes in manufacturing different types of products such as robotic household cleaners, window cleaning robots, service robots, air purifying robots, vacuuming robots, floor cleaning robots, and home automation products. The company’s product line pertaining to home robotics is segmented into three categories: DEEBOT floor cleaners, WINBOT window cleaners, and ATMOBOT mobile air cleaners and humidifiers. The major products offered by Ecovacs Robotics Co., Ltd comprise DEEBOT, a floor-cleaning robot; WINBOT, a window-cleaning robot; ATMOBOT, an air-purifying robot; and BENEBOT, a business service assistance robot. These intelligent robotic solutions serve the company’s clients with smart solutions for cleaning, security, and surveillance across 60 countries

Related Reports:

Cleaning Robot Market by Type, Product (Floor Cleaning Robots, Lawn Cleaning Robots, Pool Cleaning Robots, Window Cleaning Robots), Operation Mode (Self-driven, Remote Controlled), Sales Channel, Application and Region - Global Forecast to 2027

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