Automobile & Transportation / Consumer Robots Market - Global Growth, Trends And Forecast (2022- 2027) By Types, By Application, By Regions And By Key Players: Ecovacs, Haier, Media, FMART, Roborock, Dibea, Silverstar Robot, Sanbot
Consumer Robots Market - Global Growth, Trends and Forecast (2022- 2027) By Types, By Application, By Regions and By Key Players: Ecovacs, Haier, Media, FMART, Roborock, Dibea, Silverstar Robot, Sanbot
Consumer Robots Market was valued at USD 5.17 Billion in 2020 and is expected to reach USD 41.78 Billion by 2028, growing at a CAGR of 29.85% from 2022 to 2027.
Consumer Robots Market Overview
The outstanding qualities of these robots, such as greater precision, efficiency, and reliability in completing specified tasks, are also important drivers driving the growth of the Consumer Robotics Market. Furthermore, social interaction with robots reduces negative emotional and behavioral symptoms in people, increasing good mood and care quality. Consumer demand for autonomous and semi-autonomous robotic technology, as well as the expanding use of hand-held computer devices and internet penetration around the world, is all contributing to the Global Consumer Robotics Market rise.Numerous factors drive the market growth rate. The increasing use of various computing devices like smartwatches, tablets, smartphones, and others fuels the market demand in the global market. Moreover increasing market demand for machine learning, tactile sensors, machine vision, gesture control, speech and voice recognition, human-robot interaction, artificial intelligence, and many others drives the market in the global market. Additionally, the wide use of sensors and Wi-Fi in consumer robotics also fuels the market growth in these regions.
The major trends that have supported the development of consumer robots on a large scale include developments in artificial intelligence and navigation systems, the ubiquity of the internet, and the rise of hand-held computing devices such as smartphones, tablets, and smartwatches. Mobile hardware and software possess the ability to control consumer robots and thus, a large number of computing tasks can be outsourced to these devices.In the developed countries, the growing essential for convenience and rising consumer spending power is the main factor that contributes to the surge in demand for consumer robotic products. The rise in paying capacity of people in developing countries due to the rise in their disposable income also drives the growth of the consumer robotic market. People are now willing to pay more than before for the products, which increases their comforts.
Who are the Major Players in Consumer Robots Market?
The Consumer Robots Market is rising at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for numerous end users. The three dependencies for the status of major companies in the market are company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Ecovacs, Haier, Media, FMART, Roborock, Dibea, Silverstar Robot, Sanbot, Shenzhen Protruly Electronics Co., Ltd., UBTECH Robotics, CSJBOT, Siasun, iFLYTEK, CANBOT, Abilix, Gowild, HRG
Recent Developments:
13-Jan-2022 :LG Announces U.S. Launch Of CLOi ServeBot, World's First Service Robot To Achieve UL Certification- LG Business Solutions USA announced that the LG CLOi ServeBot is coming to the U.S. market in early 2022. Model LDLIM21 is the world's first commercial service robot earning UL 3300 certification for safe operation in complex commercial environments such as restaurants, retail stores and hotels
12-Dec-2021Samsung launches merged set division as DX; robotics new growth driver- Samsung Electronics Co. has officially launched its new set division, which combines its mobile and consumer electronics businesses into a single unit, as DX, short for device experience, underscoring its emphasis on the user experience of various Samsung products.
What are the major Applications, Types, and Regions for Consumer Robots Market?
Consumer Robots Market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
Cleaning Robot
Education, Companionship and Entertainment Robots
Business Service Robot
By Applications, it is segmented into
Household Cleaning
Education and Entertainment
Food and Beverage Service
Commerce Services
Consumer Robots Market Regional Analysis
The largest market share in the consumer robotics market all across the globe is held by the North American region owing to the high demand for technological advancement in consumer robotics. The presence of countries like Mexico, Canada, and the US also drives the market demand to this region.The second-largest market share in the consumer robotics market all across the globe is held by the Asia-Pacific region owing to the presence of countries like China, India, and Japan. China is the powerhouse of electronics and hence it drives the market demand towards this region. Per capita income of these regions also drives the market demand.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Consumer Robots Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Consumer Robots Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Consumer Robots Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 29.85% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Consumer Robots Report
Evaluate Consumer Robots market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Consumer Robots market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than the top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The Consumer Robots Market is studied from 2017 - 2027.
What is the growth rate of Consumer Robots Market?
The Consumer Robots Market is growing at a CAGR of 29.85% over the next 5 years.
Who are the leading key players in Consumer Robots Market?
What regions regions does this Consumer Robots Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Consumer Robots Market?
Cleaning Robot, Education, Companionship and Entertainment Robots, Business Service Robot
What are the significant Applications of Consumer Robots Market?
Household Cleaning, Education and Entertainment, Food and Beverage Service, Commerce Services
All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
