At a CAGR of 15.3%, Global Robotic Vacuum Cleaner market to grow during the period 2016-2020: ResearchMoz

Albany, NY, March 08, 2016 (GLOBE NEWSWIRE) -- The automation of household chores has morphed into a massive industry worldwide; robotic vacuum cleaners are fast emerging as one of the most commonly used household appliances. A new report, which is titled ‘Global Robotic Vacuum Cleaner Market 2016-2020,’ studies the opportunities that exist in the market and its current state. The report states that the global robotic vacuum cleaner market will post a 15.3% CAGR from 2016 to 2020. The report, composed of 51 pages, has been published in February 2016.

A robotic vacuum cleaner, also referred to as a robovac, is an autonomous machine that features vacuum cleaning apparatus and software that helps it work independently. Robovacs also feature state-of-the-art navigation systems that help them maneuver obstacles while cleaning living or work spaces, gutters, and pools. The robotic vacuum cleaner market is gaining new consumers across North America, Asia Pacific, Europe, and Rest of the World. Some markets among these are more lucrative than the others – the report uncovers regional trends that exist in the market.

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The global robotic vacuum cleaner market has also witnessed the launch of advanced models fitted with infrared sensors and lasers to enable robovacs to follow a logical cleaning path. Until a few years ago, issues such as robovacs making too much noise and stumbling over carpets major concerns among consumers. These issues have since been addressed making faster and more logical cleaning easier. According to the report, technology updates have significantly boosted the performance of robovacs. This improved functionality has stoked the growth of the global robotic vacuum cleaner market, says the report.

Issues related to the battery life and performance of robovacs are restraining the growth of the market, the report further adds. Discussing the opportunities that exist in the robotic vacuum cleaner market, the report states that IoT-connected home appliances, including robovacs, and smart homes will fuel the growth of the robotic vacuum cleaner market.

For the purpose of this study, analysts have considered robotic vacuum cleaners that carry a price tag of US$200 or more. Mopping and vacuuming are the applications studied as part of this study. Furthermore, the report discusses the key vendors operating in the global robotic vacuum cleaner market.

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To gain a deeper understanding of the robotic vacuum cleaner market, the report studies numerous vendors, their products, and financial standing. The key vendors that have been discussed in detail in the report on the robotic vacuum cleaner market are: LG Electronics, iRobot, Samsung, and Neato Robotics. In addition to these market leaders, there are several other companies fiercely competing for a larger share in the robovacs market. These include: Bobsweep, Ecovacs, Dyson, Hanool Robotics Hayward, Fluidra, Toshiba, Sharp, and others.

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