Residential Robotic Vacuum Cleaners Market Value to Post 13.8% CAGR to 2023, States GMR Data in Its Report Published at MarketPublishers.com09 Nov 2017 • by Natalie Aster
LONDON – The share of robotic vacuum cleaners (RVCs), or robovacs, in the total vacuum cleaners market has been seeing steady increase since 2012. Robovacs are utilised to clean living residences, pools, and drainage gutters thereby assisting users with household chores. These robots reduce the time necessary for daily household cleaning activities and are favoured by the expanding urban population leading hectic lifestyles.
The total sales revenue in the world market for residential RVCs is projected to gain traction through to 2023, posting a CAGR of 13.8% over the forecast period. This growth is due to a rapid uptake of cleaning robots in households from pole to pole.
Comprehensive research report “Global Residential Robotic Vacuum Cleaner Market 2017-2023” created by GMR Data provides comprehensive and unbiased insights into the current situation in the residential RVC market worldwide.
The study gives an overview of the market structure, offers a detailed classification of the market based on application, the function of products, charging technology, distribution channel, and region-wise. For each of the segments discussed as well as regions and some top country markets, the report presents a granular analysis and data on annual revenue from 2014 through to 2023. The research casts light on the key market growth drivers, restraints, and challenges; canvasses emerging product trends and identifies the opportunities emerging in the market. It offers comprehensive Porter’s five forces analysis of the marketplace. The report presents an all-round analysis of the competitive scenario, gives an overview of global vendors, reviews new product launches and developments, and includes detailed company profiles of the top market participants. Furthermore, investments in the global market, risk assessment and management issues are also discussed in the study.
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