The market for cleaning robots was US$2105.0 million/billion in 2017 and is projected to grow at a CAGR of 19.2% during the forecast period 2020-2027 to reach US$8441.3 million/billion in 2025.
The global cleaning robot market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. North America regional market is expected to grow at a CAGR of 19.2%, reaching US$8441.3 million in 2025 from US$2105.0 million in 2017.
Major players profiled in the Robotic Cleaning market research study include: Alfred Karcher GmbH & Co. KG, Dyson Limited, Ecovacs Robotics, Intellibot Robotics, iRobot Corporation, LG Electronics Co. Ltd., Neato Robotics, Panasonic Corporation, Koninklijke Philips NV, and Samsung Electronics Co.Ltd.
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As the key findings of the Robotic Cleaning Market research reports highlight key progressive industry trends, it enables companies along the value chain to develop effective long term strategies. Clients get a clear picture of competitors and can strategize and adjust business expansion plans accordingly. The Robotic Cleaning Market research reports covers thousands of global players based on multiple parameters such as company revenue, product portfolio, and geographic presence.
The Insight Partners adheres to the Codes of Conduct of the Market Research Society and Strategic and Competitive Intelligence Professionals. The following methodology was used to collect and analyze the data presented in this report:
The report segments the global cleaning robot market as follows:
Global Robotic Cleaning Market – by Type
Global Robotic Cleaning Market – By End-User
The goal of updating The Insight Partners’ reporting is to ensure that it represents the most current vision of the industry as possible. Estimated revenues from all major companies, including private and government-owned, are collected and used to prioritize coverage. Companies that make the headlines or are of particular interest due to their innovative approach are prioritised.
The research process begins with extensive secondary research using internal and external sources to obtain qualitative and quantitative information on each market. Secondary research sources typically referenced include but are not limited to:
Company websites, annual reports, financial reports, brokerage reports and investor presentations
Trade journals and other literature
National government documents, statistical databases and market reports
News articles, press releases and webcasts specific to the companies operating in the market
NOTE: All financial metrics considered in the Company Profile section have been standardized to US dollars. This was achieved after converting the financial data (for those not in US dollars) using the respective year’s exchange rates.
The Insight Partners conducts hundreds of primary interviews with industry participants and commentators each year to validate its data and analysis. A typical research interview fulfills the following functions:
Provides first-hand information on the market size, market trends, growth trends, competitive landscape and future prospects
Validates and strengthens secondary research results
Develops the analytics team’s expertise and understanding of the market
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The primary research includes email interactions and phone interviews for each market, category, segment and sub-segment across all regions. Participants who typically take part in such a process include:
Industry Participants: VPs, Business Development Managers, Market Intelligence Managers and National Sales Managers
Outside Experts: Valuation experts, research analysts and key opinion leaders specialized in the industry
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