Household Robots Market SWOT Analysis by 2031
Household robots are designed to perform household chores alongside with other services related to education, entertainment, and therapy. The market for household robots is continuously gaining momentum majorly due to rising technological advancements and increasing adoption by consumers for household applications such as pool cleaning, lawn mowing, and others. Artificial intelligence integration in household robotics to facilitate machine operations through smart h and held devices is further propelling the household robots market growth.
MARKET DYNAMICS
The household robots market is anticipated to grow in the forecast period owing to driving factors such as developments in the field of modern technologies coupled with support from governments across the globe. Moreover, increasing adoption of robots for household chores and entertainment purposes is further expected to boost the growth of household robots market. However, data protection regulations in some countries may hinder the growth of the household robots market. On the other h and , the household robots market is likely to witness growth opportunities with a focus on improving endurance capability and elderly assistance applicability.
MARKET SCOPE
The "Global Household Robots Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of household robots market with detailed market segmentation by offering, type, application, and geography. The global household robots market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading household robots market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global household robots market is segmented on the basis of offering, type, and application. The market on the basis of the offering is classified into products and services. Based on type, the market is segmented as domestic, entertainment & leisure. On the basis of the application, the market is segmented as vacuuming, lawn mowing, companionship, elderly and h and icap assistance, robot toys and hobby systems, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global household robots market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The household robots market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting household robots market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the household robots market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global household robots market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The household robots market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting household robots market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the household robots market in these regions.
MARKET PLAYERS
The reports cover key developments in the household robots market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from household robots market are anticipated to lucrative growth opportunities in the future with the rising demand for household robots in the global market. Below mentioned is the list of few companies engaged in the household robots market.
The report also includes the profiles of key household robots companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Alfred Karcher SE & Co. KG
- Blue Frog Robotics
- Deere & Company
- Dyson Ltd
- Ecovacs Robotics
- iRobot Corporation
- LG Electronics
- Neato Robotics, Inc. (Vorwerk)
- Samsung Electronics
- The Lego Group (KIRKBI A/S)
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Household Robots Market - By Offering
1.3.2Household Robots Market - By Type
1.3.3Household Robots Market - By Application
1.3.4Household Robots Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.HOUSEHOLD ROBOTS MARKET L and SCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.HOUSEHOLD ROBOTS MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS and RESTRAINTS
6.HOUSEHOLD ROBOTS MARKET - GLOBAL MARKET ANALYSIS
6.1.HOUSEHOLD ROBOTS - GLOBAL MARKET OVERVIEW
6.2.HOUSEHOLD ROBOTS - GLOBAL MARKET and FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.HOUSEHOLD ROBOTS MARKET - REVENUE and FORECASTS TO 2028 - OFFERING
7.1.OVERVIEW
7.2.OFFERING MARKET FORECASTS and ANALYSIS
7.3.PRODUCTS
7.3.1.Overview
7.3.2.Products Market Forecast and Analysis
7.4.SERVICES
7.4.1.Overview
7.4.2.Services Market Forecast and Analysis
8.HOUSEHOLD ROBOTS MARKET - REVENUE and FORECASTS TO 2028 - TYPE
8.1.OVERVIEW
8.2.TYPE MARKET FORECASTS and ANALYSIS
8.3.DOMESTIC
8.3.1.Overview
8.3.2.Domestic Market Forecast and Analysis
8.4.ENTERTAINMENT and LEISURE
8.4.1.Overview
8.4.2.Entertainment and Leisure Market Forecast and Analysis
9.HOUSEHOLD ROBOTS MARKET - REVENUE and FORECASTS TO 2028 - APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS and ANALYSIS
9.3.VACUUMING
9.3.1.Overview
9.3.2.Vacuuming Market Forecast and Analysis
9.4.LAWN MOWING
9.4.1.Overview
9.4.2.Lawn Mowing Market Forecast and Analysis
9.5.COMPANIONSHIP
9.5.1.Overview
9.5.2.Companionship Market Forecast and Analysis
9.6.ELDERLY and H and ICAP ASSISTANCE
9.6.1.Overview
9.6.2.Elderly and H and icap Assistance Market Forecast and Analysis
9.7.ROBOT TOYS and HOBBY SYSTEMS
9.7.1.Overview
9.7.2.Robot Toys and Hobby Systems Market Forecast and Analysis
9.8.OTHERS
9.8.1.Overview
9.8.2.Others Market Forecast and Analysis
10.HOUSEHOLD ROBOTS MARKET REVENUE and FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Household Robots Market Overview
10.1.2North America Household Robots Market Forecasts and Analysis
10.1.3North America Household Robots Market Forecasts and Analysis - By Offering
10.1.4North America Household Robots Market Forecasts and Analysis - By Type
10.1.5North America Household Robots Market Forecasts and Analysis - By Application
10.1.6North America Household Robots Market Forecasts and Analysis - By Countries
10.1.6.1United States Household Robots Market
10.1.6.1.1United States Household Robots Market by Offering
10.1.6.1.2United States Household Robots Market by Type
10.1.6.1.3United States Household Robots Market by Application
10.1.6.2Canada Household Robots Market
10.1.6.2.1Canada Household Robots Market by Offering
10.1.6.2.2Canada Household Robots Market by Type
10.1.6.2.3Canada Household Robots Market by Application
10.1.6.3Mexico Household Robots Market
10.1.6.3.1Mexico Household Robots Market by Offering
10.1.6.3.2Mexico Household Robots Market by Type
10.1.6.3.3Mexico Household Robots Market by Application
10.2.EUROPE
10.2.1Europe Household Robots Market Overview
10.2.2Europe Household Robots Market Forecasts and Analysis
10.2.3Europe Household Robots Market Forecasts and Analysis - By Offering
10.2.4Europe Household Robots Market Forecasts and Analysis - By Type
10.2.5Europe Household Robots Market Forecasts and Analysis - By Application
10.2.6Europe Household Robots Market Forecasts and Analysis - By Countries
10.2.6.1Germany Household Robots Market
10.2.6.1.1Germany Household Robots Market by Offering
10.2.6.1.2Germany Household Robots Market by Type
10.2.6.1.3Germany Household Robots Market by Application
10.2.6.2France Household Robots Market
10.2.6.2.1France Household Robots Market by Offering
10.2.6.2.2France Household Robots Market by Type
10.2.6.2.3France Household Robots Market by Application
10.2.6.3Italy Household Robots Market
10.2.6.3.1Italy Household Robots Market by Offering
10.2.6.3.2Italy Household Robots Market by Type
10.2.6.3.3Italy Household Robots Market by Application
10.2.6.4United Kingdom Household Robots Market
10.2.6.4.1United Kingdom Household Robots Market by Offering
10.2.6.4.2United Kingdom Household Robots Market by Type
10.2.6.4.3United Kingdom Household Robots Market by Application
10.2.6.5Russia Household Robots Market
10.2.6.5.1Russia Household Robots Market by Offering
10.2.6.5.2Russia Household Robots Market by Type
10.2.6.5.3Russia Household Robots Market by Application
10.2.6.6Rest of Europe Household Robots Market
10.2.6.6.1Rest of Europe Household Robots Market by Offering
10.2.6.6.2Rest of Europe Household Robots Market by Type
10.2.6.6.3Rest of Europe Household Robots Market by Application
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Household Robots Market Overview
10.3.2Asia-Pacific Household Robots Market Forecasts and Analysis
10.3.3Asia-Pacific Household Robots Market Forecasts and Analysis - By Offering
10.3.4Asia-Pacific Household Robots Market Forecasts and Analysis - By Type
10.3.5Asia-Pacific Household Robots Market Forecasts and Analysis - By Application
10.3.6Asia-Pacific Household Robots Market Forecasts and Analysis - By Countries
10.3.6.1Australia Household Robots Market
10.3.6.1.1Australia Household Robots Market by Offering
10.3.6.1.2Australia Household Robots Market by Type
10.3.6.1.3Australia Household Robots Market by Application
10.3.6.2China Household Robots Market
10.3.6.2.1China Household Robots Market by Offering
10.3.6.2.2China Household Robots Market by Type
10.3.6.2.3China Household Robots Market by Application
10.3.6.3India Household Robots Market
10.3.6.3.1India Household Robots Market by Offering
10.3.6.3.2India Household Robots Market by Type
10.3.6.3.3India Household Robots Market by Application
10.3.6.4Japan Household Robots Market
10.3.6.4.1Japan Household Robots Market by Offering
10.3.6.4.2Japan Household Robots Market by Type
10.3.6.4.3Japan Household Robots Market by Application
10.3.6.5South Korea Household Robots Market
10.3.6.5.1South Korea Household Robots Market by Offering
10.3.6.5.2South Korea Household Robots Market by Type
10.3.6.5.3South Korea Household Robots Market by Application
10.3.6.6Rest of Asia-Pacific Household Robots Market
10.3.6.6.1Rest of Asia-Pacific Household Robots Market by Offering
10.3.6.6.2Rest of Asia-Pacific Household Robots Market by Type
10.3.6.6.3Rest of Asia-Pacific Household Robots Market by Application
10.4.MIDDLE EAST and AFRICA
10.4.1Middle East and Africa Household Robots Market Overview
10.4.2Middle East and Africa Household Robots Market Forecasts and Analysis
10.4.3Middle East and Africa Household Robots Market Forecasts and Analysis - By Offering
10.4.4Middle East and Africa Household Robots Market Forecasts and Analysis - By Type
10.4.5Middle East and Africa Household Robots Market Forecasts and Analysis - By Application
10.4.6Middle East and Africa Household Robots Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Household Robots Market
10.4.6.1.1South Africa Household Robots Market by Offering
10.4.6.1.2South Africa Household Robots Market by Type
10.4.6.1.3South Africa Household Robots Market by Application
10.4.6.2Saudi Arabia Household Robots Market
10.4.6.2.1Saudi Arabia Household Robots Market by Offering
10.4.6.2.2Saudi Arabia Household Robots Market by Type
10.4.6.2.3Saudi Arabia Household Robots Market by Application
10.4.6.3U.A.E Household Robots Market
10.4.6.3.1U.A.E Household Robots Market by Offering
10.4.6.3.2U.A.E Household Robots Market by Type
10.4.6.3.3U.A.E Household Robots Market by Application
10.4.6.4Rest of Middle East and Africa Household Robots Market
10.4.6.4.1Rest of Middle East and Africa Household Robots Market by Offering
10.4.6.4.2Rest of Middle East and Africa Household Robots Market by Type
10.4.6.4.3Rest of Middle East and Africa Household Robots Market by Application
10.5.SOUTH and CENTRAL AMERICA
10.5.1South and Central America Household Robots Market Overview
10.5.2South and Central America Household Robots Market Forecasts and Analysis
10.5.3South and Central America Household Robots Market Forecasts and Analysis - By Offering
10.5.4South and Central America Household Robots Market Forecasts and Analysis - By Type
10.5.5South and Central America Household Robots Market Forecasts and Analysis - By Application
10.5.6South and Central America Household Robots Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Household Robots Market
10.5.6.1.1Brazil Household Robots Market by Offering
10.5.6.1.2Brazil Household Robots Market by Type
10.5.6.1.3Brazil Household Robots Market by Application
10.5.6.2Argentina Household Robots Market
10.5.6.2.1Argentina Household Robots Market by Offering
10.5.6.2.2Argentina Household Robots Market by Type
10.5.6.2.3Argentina Household Robots Market by Application
10.5.6.3Rest of South and Central America Household Robots Market
10.5.6.3.1Rest of South and Central America Household Robots Market by Offering
10.5.6.3.2Rest of South and Central America Household Robots Market by Type
10.5.6.3.3Rest of South and Central America Household Robots Market by Application
11.INDUSTRY L and SCAPE
11.1.MERGERS and ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS and JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS and OTHER STRATEGIC DEVELOPMENTS
12.HOUSEHOLD ROBOTS MARKET, KEY COMPANY PROFILES
12.1.ALFRED KäRCHER SE and CO. KG
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.BLUE FROG ROBOTICS
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.DEERE and COMPANY
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.DYSON LTD
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.ECOVACS ROBOTICS
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.IROBOT CORPORATION
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.LG ELECTRONICS
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.NEATO ROBOTICS, INC. (VORWERK)
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.SAMSUNG ELECTRONICS
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.THE LEGO GROUP (KIRKBI A/S)
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments
13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
1. Alfred Kärcher SE and Co. KG2. Blue Frog Robotics3. Deere and Company4. Dyson Ltd5. Ecovacs Robotics6. iRobot Corporation7. LG Electronics8. Neato Robotics, Inc. (Vorwerk)9. Samsung Electronics10. The Lego Group (KIRKBI A/S)
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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