Global Robotic Vacuum Cleaner Market is expected to grow with the healthy CAGR of 18.7% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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Robotic vacuum cleaner market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.
The major players dealing in robotic vacuum cleaner market are introducing strong range of product portfolio. This has also helped the company to maximize the sales with enhanced product portfolio.
For instance,
- In February 2019, iRobot Corporation has introduced Terra robotic mower. This product comes with Imprint Smart Mapping technology, which combines wireless communication system with it. This provides the wireless control of the machine in the yard. This product launch helps the company to attract more customers towards the company.
iRobot Corporation is the dominating player in robotic vacuum cleaner market and the other players in the market include SAMSUNG, ECOVACS, Panasonic Corporation, Maytronics, Neato Robotics, Inc., Dyson, Koninklijke Philips N.V., SAMSUNG, Pentair plc., Metapo, Inc., Hayward Industries, Inc, Haier lnc., ILIFE INNOVATION LTD., Taurus Group, bObsweep, BLACK+DECKER Inc., Miele & Cie. KG, SharkNinja Operating LLC, Robert Bosch GmbH, AB Electrolux, and SHARP CORPORATION.
iRobot Corporation
iRobot Corporation headquartered in Massachusetts, U.S. which was founded in 1990. The company focuses on designing and manufacturing of robots for different industries. The company offers its products in categories such as roomba robot vacuums, braava robot mops, terra robot mower, root coding robot.
The company generates its revenue through subsidiaries such as iRobot France SAS (France), Guangzhou iRobot Technology Consulting Company Limited (China), iRobot Japan G.K. (Japan), iRobot UK LTD. (U.K.).
- In February 2019, new ROOMBA I7+ and ROOMBA I7 robots launched by the iRobot Corporation for the Indian market. These robots can be accessed through Alexa enabled devices. This product launch will benefit the company in terms of expanding its business in India.
The company has wide global presence across the globe such as U.S., Europe, and Asia.
SAMSUNG:
SAMSUNG headquartered in Suwon, South Korea which was founded in 1975. The company engaged in providing the products, solutions and services for the consumer electronics, information technology and mobile communications, and device solutions businesses worldwide. The company offers CE, IM, semi- conductor, DP, harman business segments. The company offers its product through galaxy 5G, mobile, tv & home theater, computing, appliances & smart home.
The company generate its revenue through subsidiaries including Samsung Electronics America (U.S.), Samsung Electronics Argentina (Argentina), Samsung Electronics Italia (Italy), Samsung Electronics GmbH (Germany) among others.
For instance,
- In October 2017, POWERbot VR7000 Robot Vacuum is launched by SAMSUNG at CES. This product can generate suction power of up to 20 watts. This product launch benefits the company in terms of offering robotic vacuum cleaner with high suction power.
The company has wide global presence across the globe such as North America, South America, Asia Pacific, Europe, Middle East and Africa.
In addition to it, the company also generates its revenue from the various subsidiary companies such as Samsung Electronics America (SEA) (U.S.), Samsung Electronics Argentina (Argentina), Samsung Electronics Italia (Italy), Samsung Electronics GmbH (Germany) among others.
ECOVACS
ECOVACS was founded in 2006. The company design and manufactures robots for industrial and home cleaning, security and surveillance, air-purification. The company offer its products through DEEBOT, WINBOT categories.
In November 2016, ECOVACS has received Good Design Award. This award has been received for its WINBOT 950 window-cleaning robot. This award gives the worldwide recognition to the company in robotic vacuum cleaner market.
The company has presence in Europe, North America and Asia-Pacific.
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