The cleaning robot market size is expected to grow from US$ 8.53 billion in 2023 to US$ 42.01 billion by 2031; it is estimated to grow at a CAGR of 22.1% from 2023 to 2031. Integration with advanced technologies such as AI is likely to remain a key cleaning robot market trend.
Due to growing urbanization in various countries and growing competition for jobs in urban areas, people are busy and don’t have time to invest in cleaning. In addition, hiring labor for cleaning is high-priced in developed and developing countries. Therefore, people are increasingly inclined towards automation for cleaning purposes. Also, the cleaning robot application is expanding to other industry verticals such as healthcare, automotive, logistics, and others. Therefore, market players are launching new products to cater to the increasing demand for cleaning robots for industrial and residential applications. For instance, in September 2021, Realme launched the Realme Techlife handheld vacuum cleaner, robot vacuum-mop, and air purifier due to the rapidly growing Internet-of-Things (IoT) and home technology space.
Furthermore, the compact size and ability to fit in smaller spaces helps the cleaning robot to clean the areas that are impossible for humans. Also, it can be used in hazardous environments where the reach of humans can prove fatal. Thus, such features and product launches boost the cleaning robot market
Rising population interest in smart home gadgets for the convenient living experience is a major factor driving the adoption of robots in residential applications and further fuels the cleaning robot market. These robots provide a high level of convenience as they allow house owners to navigate through the house autonomously, cleaning floors, carpets, and other surfaces without their constant observation. In addition, cleaning is a time-consuming chore, and with rapidly changing lifestyle patterns, busy schedules, and rising disposable incomes, cleaning robots are witnessing a higher adoption rate in residential spaces and are expected to fuel the cleaning robot market in the coming years.
Cleaning Robots are used for cleaning purposes in several end-user applications such as residential, commercial, and industrial. These types of robots are used for several applications such as floor cleaning, pool cleaning, lawn cleaning, window cleaning, and other applications such as litter cleaning, gutter cleaning, and several others. In addition, the expanding adoption of automation in different sectors and end-users is catalyzing the cleaning robot market and is expected to experience rapid growth in the coming years. Cleaning Robots are autonomous machines that perform cleaning activities by themselves and without any human intervention, observation, or control for all the time. These robots have various features and technologies that allow them to perform self-drive mode and clean automatically. The only human assistant needed is to set the time for the cleaning process to be initiated. Such features drive the cleaning robot market.
Due to the increase in several countries' economies, urbanization and the population's disposable income are also increasing. With the rising technology, people are adopting solutions for home automation, such as smart homes that support automation and control of every electronic device used in the house and can be remotely controlled from any part of the world. Cleaning robots are used for various purposes, such as UV sterilization, mopping, and many other household activities. To cater to this demand, cleaning robot market players launch products. For example, in January 2021, Korean-based ZetaBank launched a new lineup of autonomous mobile disinfection robots. In developed countries, rising labor costs are a crucial factor for the growing inclination of the population toward automation. For people with disabilities and the old age population, cleaning robots act as an alternative to expensive household activities. Thus, all the mentioned factors support the cleaning robot market growth.
With the rapid development of smart cities in many developed and developing countries, the automation of various daily activities is increasing. Development of a smart building means automating most of the tasks and controlling them through a central unit. Also, with the growing disposable income of the population in urban areas, people are shifting towards automating all aspects of the home, such as electricity, cleaning, and others. With increasing urbanization and the busy and hectic life schedules of the people in urban areas, they don’t have much time to spare for cleaning. In addition, the theft risk increases with the dependency on labor for cleaning activities. Therefore, many people are shifting towards adopting robots for the cleaning purposes of their homes to ensure safe and proper cleaning of every corner of their house.
Key segments that contributed to the derivation of the cleaning robot market analysis are type and end user.
The regional trends and factors influencing the Cleaning Robot Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Cleaning Robot Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 8.53 Billion |
| Market Size by 2031 | US$ 42.01 Billion |
| Global CAGR (2023 - 2031) | 22.1% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Cleaning Robot Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Cleaning Robot Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The peer to the peer insurance market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the cleaning robot market:
The "Cleaning Robot Market Size and Forecast (2021-2031)" provides a detailed analysis of the market covering the areas mentioned below:
Asia Pacific is expected to hold the highest market share in the cleaning robot market.
The key players holding majority shares in the global cleaning robot market areKoninklijke Philips N.V.; Ecovacs Robotics, Inc.; iRobot Corporation; LG Electronics Inc.; and Neato Robotics, Inc.
Integration with advanced technologies such as AI is anticipated to play a significant role in the global cleaning robot market in the coming years.
Rising adoption of automation in household appliances and busy life in urban areas are the major factors driving the cleaning robot market.
The global cleaning robot market was estimated to be US$ 8.53 billion in 2023 and is expected to grow at a CAGR of 22.1% during the forecast period 2024 - 2031.