Tunisia Weekly
No Result
View All Result
  • Register
  • Login
  • About Us
  • Contact Us
  • Home
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Africa
  • Middle East
  • Press Releases
Submit a News Release
  • Home
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Africa
  • Middle East
  • Press Releases
No Result
View All Result
Tunisia Weekly
Submit PR
Home Press Releases

Household Robots Market worth $19.3 billion by 2027 at a CAGR of 16.0%

Joseph Nchor by Editorial Staff
September 16, 2022
in Press Releases
Household Robots Market worth $19.3 billion by 2027 at a CAGR of 16.0%
Share on FacebookShare on Twitter


 


(EMAILWIRE.COM, September 16, 2022 ) The global household robots market is projected to grow from USD 9.2 billion in 2022 to USD 19.3 billion by 2027, at a CAGR of 16.0% during the forecast period from 2022 to 2027. The growth of this market is driven by factors such as the growing demand for autonomous robots, rising use of IoT in robots for cost-effective predictive maintenance, increasing government initiatives for the development of robotic technologies, and increasing demand for robots in the domestic segment.

Key Market Players

Some of the key companies in the household robots market are iRobot Corporation (US), Ecovacs Robotics Co., Ltd. (China), Xiaomi Corporation (China), Maytronics, Ltd. (Israel), Samsung Electronics Co., Ltd. (South Korea), Neato robotics, Inc. (US), Dyson Limited (Singapore), LG Electronics Inc. (South Korea), LEGO A/S (Denmark), Hayward Holdings, Inc. (US), etc.

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=253781130

The household robots market, based on type, can be segregated into domestic robots and entertainment and leisure robots. Domestic robots are expected to grow significantly during the forecast period compared to entertainment and leisure robots. Domestic robots include applications such as vacuuming, lawn mowing, pool cleaning, and window cleaning. Vacuuming application accounts for the largest market share. Several robotic vacuum manufacturers have started offering cheaper products to sustain in a highly competitive market. Adopting such a business strategy can help new players penetrate the market. Robot toys and hobby systems are expected to have the largest share in the entertainment and leisure segment due to their interactive, fun, user-friendly, and practical learning experience. Such robots also entertain people and especially kids, by dancing, singing, and telling stories.

The household robots market, based on offerings, has been classified into products and services. The market for products has a higher CAGR compared to that for services. As products move toward maturity, they become more reliable and require less frequent maintenance due to better design or reparability over time. Several manufacturers provide guides for the replacement of parts such as batteries. This is expected to slow the growth of services in the future.

Asia Pacific accounted for the largest market share of the household robots market in 2021 and is expected to retain its position during the forecast period. This growth can be attributed to the increasing demand for household robots in China, Japan, and South Korea, mainly domestic robots. The overall demand for these robots is expected to increase across the aforementioned countries because of technological and economic advancements. Government initiatives to strengthen elderly and handicapped assistance in Japan are expected to fuel the growth of the household robots market in the region during the forecast period. Players in the household robots market can reap the benefits of strong demand from Asia Pacific if they start partnering with distributors and retailers in developed countries.

Ask for Sample Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=253781130

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Source link

Previous Post

ECG Cables and Lead Wires Market worth $3.0 billion by 2026

Next Post

Terrapinn Selects Commerce Talks™ as its Official Podcast Partner for Seamless Saudi Arabia

RECOMMENDED NEWS

‘One of a kind’: Radhouane Slimane and Tunisia’s basketball boom – Al Jazeera English

4 months ago

Biocontrol Market is Projected to Grow $13.7 billion by 2027

9 months ago

IDaaS Market Size worth $16.8 billion by 2027 — Report by MarketsandMarkets™

7 months ago

Tunisia's Khazri announces retirement from national team – Reuters.com

4 months ago

BROWSE BY CATEGORIES

  • Africa
  • Business
  • Finance
  • Lifestyle
  • Middle East
  • News
  • Press Releases
  • Technology

POPULAR NEWS

  • ZainTech partners with LigaData to deliver data-driven digital services in MENA

    ZainTech partners with LigaData to deliver data-driven digital services in MENA

    0 shares
    Share 0 Tweet 0
  • NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

    0 shares
    Share 0 Tweet 0
  • Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

    0 shares
    Share 0 Tweet 0
  • تم إطلاق VOYAH FREE في أوروبا وتم افتتاح معرض VOYAH.

    0 shares
    Share 0 Tweet 0
  • Vidliz Expands Its Data-Driven Online Marketing Services in the Middle East

    0 shares
    Share 0 Tweet 0

About Us

Tunisia Weekly™ reports and aggregates business, socio-economic, Tech and industrial news on Tunisia,Africa and the Middle East.

We provide press release distribution to media outlets in Tunisia, other countries in the Arab World, the Middle East and Africa (MEA). Submit a press release or contact us today.

Categories

News

Business

Finance

Technology

Lifestyle

AFRICA

Middle East

Press Releases

Recent News

Recent Posts
  • CamScanner Enhances User Experience in Middle East with Free 30-Day Premium Membership Offer
  • يعزز تطبيق كام سكانر في الشرق الأوسط من خلال عرض عضوية متميزة و مجانية لمدة ثلاثين يوما
  • HILTON DEBUTS IN TUNISIA WITH HILTON SKANES MONASTIR … – Hotel ME News
  • Italy's Meloni expresses hope for deal on IMF bailout of Tunisia as she preps weekend visit – ABC News

Subscribe to Our Newsletter

    Share Us

    Contact Us

    • +1 832 716 2363
    • +12816454086
    • Email: Email Us
    • Skype: groupwebmedia

    The TunisiaWeekly.com™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • Register
    • Login
    • News
    • Business
    • Finance
    • Technology
    • Lifestyle
    • Africa
    • Middle East
    • Press Releases
    • About Us
      • Contact Us

    The TunisiaWeekly.com™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC