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Learn details of the cleaning robot market lead by Asia-Pacific in next five years

Cleaning Robot Market 2018 research report provides snapshot of the global Cleaning Robot Market landscape and features descriptive competitive landscape of the Cleaning Robot market for prominent players. Cleaning Robot Market Report of 129 pages explores Global Cleaning Robot Market reaching $2.09 billion by 2023. Report provides Cleaning Robot Market Size, Share, Statistics, and Opportunities Forecast to 2023.

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Companies analysed in report are: iRobot (US), Neato Robotics (US), LG Electronics (South Korea), Samsung Electronics (South Korea), Ecovacs Robotics (China), Dyson (UK), Intellibot Robotics (US), Alfred Kärcher (Germany), ILIFE (China), bObsweep (Canada), Bissell Homecare (US), Miele (Germany), Cyberdyne (Japan), Vorwerk (Germany), and Monoprice (US).

The global Cleaning Robot market is estimated to grow at a CAGR of 16.21% between 2018 and 2023. The Cleaning Robot market is highly competitive with the presence of several small and big players.

The growth of this market is mainly driven by factors such as penetration of automation in household appliances, rise in labor cost, and increasing safety concern. Cleaning robot is ideal for residential, commercial, industrial, and healthcare applications requiring automated cleaning.

In the residential and commercial applications, cleaning robot is used for cleaning floors, lawns, pools, and windows. However, the high cost of cleaning robots poses a restraint for the growth of the market.

Residential application is expected to hold a significant share of the cleaning robot market by 2023. The residential sector accounts for a share of more than 90% of the cleaning robot market.

Various benefits provided by the cleaning robot have led to the increased adoption of cleaning robots for the residential application. Cleaning robots in the residential application are utilized to perform tasks such as mopping and cleaning.

In certain countries, employing domestic workers becomes too expensive. In such cases, cleaning robots can easily undertake the task of cleaning.

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Market in APAC is likely to grow at the highest CAGR during the forecast period. The cleaning robot market in APAC is expected to grow at the highest CAGR during the forecast period.

APAC is the fastest-growing market for cleaning robots. Rise in disposable income among consumers in APAC has led to the adoption of cleaning robots.

The increasing adoption of cleaning robots and the influx of global players, along with the emergence of native players, are helping the market to grow. As a result, APAC holds a significant share of the overall cleaning robot market.

Research Coverage: In this report, the cleaning robot market has been segmented on the basis oftype, product, application, and geography. The market has been segmented, on the basis of type, into personal cleaning robot and professional cleaning robot.

The cleaning robot market has been segmented, on the basis of product, into floor-cleaning robot, lawn-cleaning robot, pool-cleaning robot, window-cleaning robot, and others. The market has been segmented, on the basis of application, into residential, commercial, industrial, healthcare, and others.

The study also forecasts the market size in four main regions—North America, Europe, APAC, and RoW.

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