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Household Robot Market Overview:
According to the MRFR research reports, Household Robot Market Research Report: By Component, Application, Type, and Region– Forecast to 2027, the household robot market is predicted to be the size of approximately USD 8.5 billion by the end of 2025. The report further predicts the market to thrive at a substantial CAGR of over 15.5% during the review timeframe.
Market Scope: In service robotics, a household robot is a type of robot helping people by finishing an activity or a job. These robots are self-contained and are powered by a control system incorporated within the robot. It can easily connect to WI-FI networks and carries out tasks with a great degree of independence. Entertaining, therapeutic, and educational motives all come under the umbrella term “video games.” The global market for household robots has grown immensely in the last few years. The main parameter supporting the market’s growth is the rapid technological developments in the field of robotics across the globe. The developments in the robotic field have been potential by the contributions of technology and other component providers. Household robots are becoming more and more prevalent, with automation becoming more common in-home appliances, public safety concerns, and labor prices increasing. Furthermore, the aspects such as the growing popularity of the smart home idea, rise in investments by businesses, and heavy investments in R&D activities are also projected to influence the market’s growth over the assessment era.
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Report Attribute/Metric |
Details |
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Market Size in 2030 |
USD 8.5 Billion |
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Growth rate: |
CAGR of 15.5% from 2020-2025 |
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Forecast Period |
2020-2025 |
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Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Competitive Analysis
The list of prominent participants across the global market for household robots includes companies such as:
Market USP Covered
Market Drivers
The global market for household robots has grown immensely in recent years owing to the lack of human intervention, easy operations, and reliability & needless upkeep.
Market Restraints
On the other hand, the significant initial expenditure may restrict the market’s growth.
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COVID-19 Impact
The global health crisis in the form of COVID-19 has caused a significant disruption in the manufacturing and sales activities for the majority of the market areas across the globe. The global market for household robots has also witnessed several unexpected challenges during the pandemic. On the other hand, with the rapid vaccination rates across the globe, the global market for household robots is anticipated to grow substantially over the coming years.
Segment Analysis
Among all the application areas, the vacuuming application segment is anticipated to secure the leading position across the global market for household robots over the assessment timeframe. as these robots can be installed in all households, irrespective of the floor type, they are anticipated to account for the maximum revenue share across the global market for household robots. Furthermore, with the growing culture of nuclear families and the rising global population, the world has recently witnessed a significant surge in house numbers, causing growth in demand for vacuum robots. Moreover, the rapid growth in the elderly population across emerging nations such as Japan and China is another prime parameter boosting the segment’s growth over the assessment era. In addition, the affordable prices of these robots are gaining customer attraction, which in turn is likely to catalyze the segment’s growth over the review timeframe.
Among all the end-users, the domestic segment is anticipated to secure the top position across the global market for household robots over the assessment era.
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Regional Analysis
The global market for household robots is analyzed across five major regions: Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.
According to the MRFR research reports, the North American region is predicted to secure the top position across the global market for household robots over the coming years. the region is known as the early adopter of advanced technologies over the years, which in turn has become the primary parameter supporting the growth of the regional market. Furthermore, the regional market has witnessed several innovations in robotics in recent years, which in turn is predicted to catalyze the regional market’s growth over the review era. Moreover, the presence of several leading players across the field in the region is anticipated to boost the regional market’s growth over the coming years.
The household robot market for the European region is anticipated to secure the second position globally over the assessment era. The requirement for senior support robots is increasing as the global population ages, while younger people are gaining interest in companionship robots and household robots, which in turn is boosting the growth of the regional market over the assessment era.
The Asia-Pacific regional market for household robots is anticipated to exhibit the highest CAGR over the review timeframe. The growing consumer demand is the primary parameter boosting the growth of the regional market. Furthermore, the growing investments in household robots among the developing nations is another crucial aspect boosting the demand for these robots across the region.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
