Floor Cleaning Robot Market

The global Floor Cleaning Robot market was valued at USD 9.21 Billion in 2020 and is projected to reach USD 41.82 Billion by 2028, growing at a CAGR of 20.82% from 2021 to 2028.

The evolution of IoT, growing penetration of automation in homes, and the smaller size of cleaning robots in comparison to traditional robots have propelled the growth of the cleaning robot market.

The global Floor Cleaning Robot market is segmented based on by Product, Application, regions, and countries. The regional segmentation provides current and forecast demand across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed on the basis of present and future trends. Rising demand for Floor Cleaning Robot  in various countries such as the U.S., Germany, China, India, and Japan, among others is likely to support the growth of the market. Numerous companies are focusing on investing heavily in this application to cater the end user requirements effectively. The report provides comprehensive analysis of the market based on drivers, restraints, opportunities, trends, competition, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

The COVID-19 pandemic is affecting industries worldwide and the global economy took hit in 2020 and likely in 2021 as well. The outbreak created disruptions in industries such as semiconductor, consumer electronics, travel, and automotive, among others. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The increasing penetration of automation in household appliances and rise in labor costs and safety concerns is anticipated to augment the growth of the floor cleaning robot market over the forecast period.

The compact size with self-charging capability and extensive use of UV disinfection equipment in healthcare facilities to disinfect hospital premises is further expected to fuel the growth of the floor cleaning robot market in the years to come.

The decreased consumer spending due to COVID-19 and higher cost of personal cleaning robots is expected to hamper the growth of the floor cleaning robot market over the forecast period.

Product  Analysis: Preview

On the basis of Product, the market is segmented into Infrared sensing technology, Ultrasonic bionic technology. Infrared sensing technology  held the leading share in 2020 and is anticipated to grow at a noteworthy CAGR over the forecast timespan. This is due to the increasing adoption of Infrared sensing technology in emerging economies in Asia Pacific region.

Application Analysis: Preview

Based on Application, the market is segmented into Residential, Commercial, Other,. Commercial accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

On the basis of region, the global Floor Cleaning Robot market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region held the largest share of the global Floor Cleaning Robot market in 2020. Some of the major countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. China is one of the most profitable countries for companies operating in the market. 

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

The market comprises of various small, medium, and large sized players spread across all the regions. Some of the key companies operating in the global Floor Cleaning Robot market are PHILIPS, Yujin Robot, Haier, FMART, TCL, NEATO, Proscenic, Ecovacs, IRobot, IClebo, LIECTROUX, Crucial Vacuum.. The report provides company market share analysis which gives a comprehensive overview of the key competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.