A domestic robot is typically a service robot used for various household activities such as floor cleaning, pool cleaning, lawn mowing, and many others without human intervention. Domestic robots are autonomous in nature and they are controlled by an integrated in-control system. They are used to perform tedious tasks and that too with utmost precision and accuracy. They can easily be integrated by automation systems and that will help in controlling the operations of the robots from a remote place.
They find their utility in diverse applications such as lawn mowing, vacuuming, elderly assistance & handicap assistance, companionship, robot toys & hobby systems, pool cleaning, and others. Neato Robotics Inc. and Samsung Electronics Co. Ltd. are the major players in the domestic robots market.
The global domestic robots market is segmented on the basis of type, offering, sales channel, application, and region. Based on type, the market is bifurcated into domestic, and entertainment & leisure. In terms of offering, the market is categorized into products and services. On the basis of sales channel, the market is divided into direct and indirect. In terms of application, the market is categorized into vacuuming, lawn mowing, pool cleaning, companionship, elderly assistance & handicap assistance, robot toys & hobby systems, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Top Impacting Factors
The continuous development of technology with respect to interaction, cognition, and manipulation has made the use of domestic robots attractive in the household segment and this factor is anticipated to accelerate the growth of the domestic robots market. Moreover, the increased penetration of AI and automation in household equipment has led the way for the growth of the domestic robots market. Domestic robots are reliable in nature and require less maintenance and this attribute is expected to drive the growth of the market.
The ability of domestic robots to perform multiple tasks with utmost accuracy and precision is expected to drive the domestic robots market growth. Furthermore, rising labor cost is also a primary factor that is expected to drive the market growth. However, the high production cost of the domestic robots acts as a restraining factor for the growth of the industry.
Surge in Demand For Domestic Robots
In recent times, there has been a tremendous rise in demand for the domestic robots, owing to their multiple task handling capabilities, performing tasks with precision, and the growing safety concerns. These robots are reliable and require less maintenance. Therefore, with growing technological advancements, domestic robots find their utility in diverse applications and this attribute is anticipated to accelerate the growth of the domestic robots market.
Emerging Use of Domestic Robots in Vacuum Cleaning and Mopping Segment
The automated vacuum cleaners and moppers are the most widely used domestic robots. The manufacturers are performing continuous R&D to develop compact and integrated vacuum cleaners and mopping robots that will be capable of reaching the narrow edges of the floor structure. Additionally, with the integration of AI with vacuum cleaners and moppers, machine vision cameras can be installed in the robots and that will help in mapping the edges of the floor and also to recognize the obstacles on the path. Therefore, these factors are estimated to drive the growth of the market.
Key Benefits of the Report
- This study presents the analytical depiction of the domestic robots market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the domestic robots market share.
- The current market is quantitatively analyzed to highlight the domestic robots market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed domestic robots market analysis based on competitive intensity and how the competition will take shape in coming years.
COVID-19 Scenario Analysis
The COVID-19 pandemic is a global health emergency that has adversely impacted all the businesses in the world. To control the COVID-19 pandemic outbreak, governments across the world have imposed strict lockdowns and restrictions on travel. This has negatively impacted almost all the businesses across the globe and the domestic robot industry is also affected by the COVID-19 pandemic outbreak.
Due to the COVID-19 pandemic, industries were instructed by the government administrations to work with minimal workforce and to observe strict social distancing norms, which resulted in the decline of the production rate of industries. Moreover, the supply chain management systems were also disrupted due to the COVID-19 pandemic. Therefore, all these factors had negatively affected the growth of the domestic robot in the market.
Questions Answered in the Domestic Robots Market Research Report
• What are the leading market players active in the domestic robots market?
• How the current domestic robots market trends will influence the industry in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?
Domestic Robots Market Report Highlights
By Sales Channel
Key Market Players
Blue Frog Robotics Inc, LG Electronics, Husqvarna AB, Neato Robotics Inc., ILIFE INNOVATION LTD., Maytronics Ltd., Ecovacs Robotics Inc., iRobot Corporation, Monoprice Inc, Deere & Company, Alfred Karcher SE & Co. KG, Samsung Electronics Co. Ltd.