Global Household Robots Market was valued US$ 24.8 Bn in 2018 and is expected to reach 154.95 Bn by 2026, at a CAGR of 25.74 % during a forecast period.
Global Household Robots Market: Overview
Household Robots is a group of the latest technological developments mainly in five main zones such as robot systems, manipulation, navigation, object recognition, and human-robot collaboration. The household robots market addresses to appreciate developments and apply them to their own working areas, including:
• Robotic technologies to accommodate living and elderly care
• Domestic scrubbing automation
• Household inspection
• Controlling systems for public spaces
Technological advancement drives the market share of household robots market during the forecast period owing to increasing the preference toward advanced technology.
Global Household Robots Market: Drivers and Restraints
As household robots are fetching more practical and operational, consumer demand for them is progressively increasing lead to drive the household robot market during the forecast period. Therefore, technological advancements in household robots are major factors driving the growth of the household robots market. Additional driver for the household robots market is rising demand for more independent operation of such robots during the forecast period.
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On the basis of application, the vacuuming segment has the largest share of the market for domestic robots during forecast period. The development of the market for household robots can be accredited to the acceptance of products such as robotic vacuums, as well as growing consumer awareness and getting toward indoor and outdoor smart home appliances. Technological enhancements in domestic robots such as area mapping and voice assistant integration, joined with its practical benefits of automating household chores allow them to occupy a larger market share in forecasting period.
Global Household Robots Market: Regional Analysis
In the geographical area, Asia-Pacific is projected to record the highest growing rate over the forecast period, owing to a substantial adoption of industrial robots throughout the region. China is leading the regional adoption rate of robotics, owing to the massive deployment in the country’s direct electronic and automotive manufacturing sector.
9 (Frequently) Household Robots Will Transform the Future
The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global Household Robots market dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence. To understand the market dynamics and by region, the report has covered the PEST analysis by region and key economies across the globe, which are supposed to have an impact on market in forecast period. PORTER’s analysis, and SVOR analysis of the market as well as detailed SWOT analysis of key players has been done to analyze their strategies. The report will to address all questions of shareholders to prioritize the efforts and investment in the near future to the emerging segment in the Global Household Robots market.
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Scope of Global Household Robots Market
Global Household Robots Market, by Offering
• Product
• Services
Global Household Robots Market, by Type
• Domestic
• Entertainment
• Leisure
Global Household Robots Market, by Application
• Vacuuming
• Lawn Mowing
• Companionship
• Elderly and Handicap Assistance
• Robot Toys
• Hobby Systems
Global Household Robots Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Household Robots Market
• iRobot
• Neato
• Samsung
• LG
• Ecovacs
• Dyson
• Alfred Kärcher
• LEGO
MAJOR TOC OF THE REPORT
Chapter One: Household Robots Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Household Robots Market Competition, by Players
Chapter Four: Global Household Robots Market Size by Regions
Chapter Five: North America Household Robots Revenue by Countries
Chapter Six: Europe Household Robots Revenue by Countries
Chapter Seven: Asia-Pacific Household Robots Revenue by Countries
Chapter Eight: South America Household Robots Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Household Robots by Countries
Chapter Ten: Global Household Robots Market Segment by Type
Chapter Eleven: Global Household Robots Market Segment by Application
Chapter Twelve: Global Household Robots Market Size Forecast (2019-2026)
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