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Description
Europe Robotic vacuum cleaner Market was valued at USD 1265.77 million in 2021 and is expected to reach USD 2597.13 million by 2029, registering a CAGR of 9.40% during the forecast period of 2022-2029. There has been huge growth in the availability of the 5G network and the widening reach of internet facilities. These determinants further boost the adoption of robotic vacuum cleaners, thus help in expansion of market. Additionally, the self-driving vacuum cleaner has also largely gained popularity and the evolution in household work culture has enabled growth for the robotic vacuum cleaner market within this region. Therefore, the market is estimated to flourish rapidly over the forecasted period due to such factors.
Market Analysis and Size Market Definition
There has been huge growth in the availability of the 5G network and the widening reach of internet facilities Robotic vacuum cleaner is basically an autonomous robot with an intelligent software program. With little to no human interaction, it performs the functions of a typical vacuum cleaner. Due to their small size, these cleaners can easily access and clean locations under beds, cabinets, and tables. They make less noise than non-robotic equivalents and have sensors that prevent them from colliding with other objects or falling down the stairs.
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Robotic Vacuum Cleaner Market Dynamics
Opportunities
Advancements, Digitalization and Investments
Furthermore, the integration of advanced technologies such as the voice recognition and laser-based technologies to map the floor structure further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the heightened digitalization with increased adoption of internet of things (IoT) solutions along with increased research and development investments will further expand the future growth of the robotic vacuum cleaner market.
Restraints/Challenges
High Cost
On the other hand, the high installation and maintenance cost could stifle the market's expansion. This factor will create hindrances for the growth of the robotic vacuum cleaner market.
Lower Effectiveness and Other Disadvantages
The lesser effectiveness of cleaning robots will prove to be a demerit for the robotic vacuum cleaner market. Moreover, the rough usage of these robots further minimizes its productivity and lifespan, which also impedes the market growth. Therefore, these factors pose as a challenge the robotic vacuum cleaner market growth rate.
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Chapter One:
MARKET SEGEMENTATION
EXECUTIVE SUMMARY
PREMIUM INSIGHTS
MARKET OVERVIEW
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Europe Robotic Vacuum Cleaner Market Scope
The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
· Floor Vacuum Cleaner
· Window Vacuum Cleaner
· Pool Vacuum Cleaner
· Others
End User
· Residential
· Commercial
· Institutional
· Industrial
On the basis of end user, the robotic vacuum cleaner market is segmented into residential, commercial, institutional and industrial.
Robotic Vacuum Cleaner Market Regional Analysis/Insights
The countries covered in the robotic vacuum cleaner market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey and Rest of Europe in Europe. ata points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Robotic Vacuum Cleaner Market Share Analysis
Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to robotic vacuum cleaner market.
Some of the major players operating in the robotic vacuum cleaner market are
· ECOVACS (China)
· Dyson (United Kingdom)
· LG Electronics (South Korea)
· iRobot Corporation (U.S)
· Proscenic (China)
· Samsung (South Korea)
· Neato Robotics, Inc., (California)
· Matsutek Co. Ltd. (Taiwan)
· Robert Bosch GmbH (Germany)
· Koninklijke Philips N.V. (Netherlands)
· Panasonic Corporation (Japan)
· Hayward Industries, Inc, (U.S.)
· BLACK+DECKER (U.S.)
· SharkNinja Operating LLC (U.S.)
· bObsweep (Canada)
· Maytronics (Israel)
· Taurus Group (Spain)
· Miele & Cie. KG (Germany)
· AB Electrolux (Sweden)
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