The global home robotics market is expected to grow from US$ 9.2 billion in 2022 to US$ 19.3 billion by 2027, at a compound annual growth rate of 16.0% during the forecast period from 2022 to 2027

The global home robotics market is expected to grow from US$ 9.2 billion in 2022 to US$ 19.3 billion by 2027, at a compound annual growth rate of 16.0% during the forecast period from 2022 to 2027

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Increasing demand for robots in the domestic sector, increasing use of IoT in robotics for cost-effective predictive maintenance, increasing government initiatives to develop robotic technologies, and growing demand for autonomous robots are among the major drivers driving the home robots market.

NEW YORK, Sep 26, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the report “Home Robots Market by Supply, Type, Distribution Channel, Application and Geography – Global Outlook to 2027” – https://www.reportlinker.com/p05795672/?utm_source=GNW

The online distribution channel has seen growth amid the global pandemic
The COVID-19 pandemic has positively affected the home robotics market, particularly due to the hygiene factor, as the demand for online channels has increased even more during the pandemic.

Companies offer product setup and installation services that help users to purchase products online without hesitation. The third-party delivery provider has begun using additional precautions to encourage consumers to buy without reservations about infection.

China accounts for the largest share of the home robotics market in the Asia-Pacific region during the forecast period
China has the largest market share in the home robotics market and is expected to hold its position during the forecast period, and China is the fastest developing country in the Asia Pacific region.

Product innovation, as seen in robotic vacuums, has boosted the growth and acceptance of these products among consumers in China, the demand from China’s growing middle class for household cleaning, home security and surveillance is driving the market.

Advanced connectivity features and the availability of a variety of robotic vacuums are major reasons for the increased adoption of robotic vacuums over the years.

Distribution of the main participants:
• By company type: Level 1 = 15%, Level 2 = 50%, Level 3 = 35%
• By designation: C-level CEOs = 45%, managers = 35%, others = 20%
• By region: North America = 45%, Europe = 35%, Asia Pacific = 12%, rest of the world = 8%

The major players operating in the home robotics market are iRobot Corporation (US) and Ecovacs Robotics Co., Ltd. (China), Xiaomi Corporation (China), Maytronics Ltd. (Israel), and Samsung Electronics Co., Ltd. (South Korea) and Neato Robotics, Inc. (US), Dyson Limited (Singapore), LG Electronics Inc. (South Korea), LEGO A/S (Denmark), Hayward Holdings, Inc. (US) and UBTECH Robotics, Inc. (China), Husqvarna Group (Sweden), Miele (Germany), Robomow (Israel), Cecotec Innovaciones SL (Spain), Monoprice, Inc. (US), temi (US), Deere & Company (US), BObsweep (Canada), ILIFE Innovation Limited (China), ILIFE Innovation Limited (China), Sharp Corporation (Japan), SharkNinja Operations LLC (US) ), Bissell Inc. (US), Blue Frog Robotics (France), and Beijing Roborock Technology Co. Ltd. ( China).

Research coverage:
This report has segmented the Home Robots market based on supply, type, distribution channel, application, and geography. The report discusses the drivers, constraints, opportunities and challenges related to the market.

It provides a detailed view of the market across 4 major regions – North America, Europe, Asia Pacific and the rest of the world. A value chain analysis is included in the report, along with the key players and their competitive analysis in the home robotics ecosystem.

Major Benefits of Purchasing Report:
• This report includes home robotics market statistics based on supply, type, distribution channel, application, and geography, along with their respective market sizes.
• Provides value chain analysis and key industry trends to the market.
• The main drivers, restraints, opportunities, and challenges facing the Home Robots market are detailed in this report.
• This report will help stakeholders to better understand their competitors and gain more ideas to enhance their position in the market. The Competitive Landscape section includes the competitor ecosystem and recent development strategies adopted by the major players in the market, such as product launches/developments, and contracts/cooperations/agreements/acquisitions.
Read the full report: https://www.reportlinker.com/p05795672/?utm_source=GNW

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