Date: Aug 2021
Date: Aug 2021
The Market Statsville Group (MSG) publishes the new report on the "Smart Cleaning and Hygiene Market by Product (Robotic Vacuum Cleaner, Pool Cleaning Robot, Window Cleaning Robot, and Other Hygiene-based Products), by Distribution Channel (Online and Offline), by End User (Hospitals, Households, Corporate Offices, and Others), and by Region - Global Trends, Market Share, and Forecast to 2027". The global smart cleaning and hygiene market was valued at USD 2.85 billion in 2020 to USD 7.91 billion by 2027, at a CAGR of 15.7% from 2021 to 2027. With growing innovation in manufacturing technology and reducing the price of manufacturing these products, and also helped in decreasing the unit prices for the smart home cleaning and hygiene products. The increasing number of start-ups in the market, especially from the Asian region, is further helping in deducing costs. Even many companies are extending their product warranty, which is further winning the confidence of the customers. In the real world, the human environment has various challenging activities beyond the control of robots. Perceiving the unstructured social environment becomes the biggest challenge for robots. Also, cleaning robots’ suction capacity is less than the traditional vacuum cleaner, which is a challenge for the cleaning robot market. DUE TO TARIFFS, many US companies are increasingly focusing on international markets, as the US market growth moderates in 2020.
The overall smart cleaning and hygiene market has been segmented into the product, distribution channel, end user, and region.
Robotic Vacuum Cleaner, by component, is estimated to hold the largest market share during the forecast period
Based on the product, the global smart cleaning and hygiene market has been segmented into robotic vacuum cleaner, window cleaning robot, pool cleaning robot, and other hygiene-based products. In 2020, Robotic vacuum cleaner accounted for the largest market share of 32.7% in the global smart cleaning and hygiene market and had a CAGR of 15.4% during the forecast period.
The growing demand for smart homes is driving the market. With the latest technologies such as robotic vacuum cleaners (robovacs), the digital revolution of household life has increased. Moreover, changes in lifestyles and busy schedules have driven the consumers to look for convenient methods for performing cleaning and mopping tasks in homes. Robot vacuum cleaners have come a long way since the launch of iRobot's Roomba. Moreover, iRobot is one of the major players in the robotic vacuum cleaner. According to iRobot, It was expected that there would be 14.2 million households with robotic vacuum cleaners in the US in 2018. Moreover, the International Federation of Robotics expected that 31 million household robots would be sold between 2016 and 2019, 96% of which would be a vacuum and floor cleaning robots.
The Asia Pacific accounts for the largest market share during the forecast period.
Based on the regions, the global smart cleaning and hygiene market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, Asia Pacific is accounted for the highest market share of 36.12% in the global smart cleaning and hygiene market and was anticipated to maintain its dominance throughout the forecast period, followed by Europe and North America.
China is the prominent market for the robotic vacuum cleaners in the Asia Pacific region, where various local players dominate the market. However, global brands are growing their efforts to expand their reach in the country. In October 2020, Roborock, developer of intelligent vacuum cleaners, announced the launch of its new robotic vacuum, S4 Max, in Hong Kong. Moreover, in April 2020, the Hong Kong Airport also deployed self-driving robots to clean public areas as part of its measures to protect against the spread of coronavirus. Such developments are expected to further augment the demand for automated solutions in the country. South Korea is another major market for automated cleaning solutions, and it is home to some of the major home appliance enterprises that hold dominant positions across the world. LG and Samsung are competing intensely with each other to gain a dominant position in the robotic vacuum cleaner market in the country, and they both feature products with AI technology.
Some of the major companies that operate in the global smart cleaning and hygiene market are Ecovacs Robotics Co. Ltd, Roborock Technology Co. Ltd, LG Electronics Inc., iRobot Corporation, Cecotec Innovaciones SL, Neato Robotics Inc., Electrolux AB, SharkNinja Operating LLC, Panasonic Corporation, Haier Group Corporation, Hitachi Ltd, and Samsung Electronics Co. Ltd.
Browse complete report: https://www.marketstatsville.com/smart-cleaning-and-hygiene-market
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