World Cleaning Robot Market Assessed in New M&M Study Recently Published at MarketPublishers.com19 Oct 2015 • by Natalie Aster
LONDON – In the past few years, the global cleaning robot market has seen steady growth, which has been propelled by such drivers as a hike in demand for cleaning robots due to the increase in labour costs. The cleaning robot market value is projected to amount to USD 2.50 billion by 2020-end, posting 15.3% CAGR.
Amongst the various product types, the floor cleaning robot segment is expected to register the highest CAGR of 15.8% over the forecast period, followed by the pool cleaning robot segment with 14.5% CAGR. In terms of application verticals, the residential vertical took the lead in the the cleaning robot market as of 2014, capturing a share of just under 59.5%.
North America held the lion’s share of around 40% in the world cleaning robot market in 2014. The growth of the regional market is fuelled by a range of factors like the presence of well-entrenched cleaning robot manufacturers and high labour costs. Europe’s cleaning robot market grabbed a share of 26% of the total cleaning robot market as of 2014.
Dyson Ltd., Ecovacs Robotics, Inc., Infinuvo, iRobot Corporation, Koninklijke Philips N.V., LG Electronics, Inc. and Neato Robotics, Inc. are some of the top players operating in the market.
New report “Cleaning Robot Market by Product (Floor Robot, Pool Robot, Window Robot, Lawn Robot, Others), by Vertical (Residential, Commercial, Industrial, Healthcare, Others), by Region (North America, Europe, Asia-Pacific, RoW) - Global Forecast to 2020” elaborated by M&M provides an in-depth analysis of the worldwide cleaning robot market, segmented based on product, vertical, and geography. It estimates and projects the size of the overall market and by individual segment. The study gives information about new products, untapped geographical territories, latest developments, and investments in the global cleaning robot market. It presents granular insights into upcoming technologies, R&D activities, and new product launches in the market. The study reviews major trends in the industry, canvasses the market dynamics, analyses the competitive scenario alongside profiling the top 10 companies.
Cleaning Robot Market by Product (Floor Robot, Pool Robot, Window Robot, Lawn Robot, Others), by Vertical (Residential, Commercial, Industrial, Healthcare, Others), by Region (North America, Europe, Asia-Pacific, RoW) - Global Forecast to 2020
Published: October, 2015
Price: US$ 12,000.00
More studies by the publisher can be found at M&M page.