Household Robot Market 2021-2027

New Study Reports " Household Robot Market 2021: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2027" has been Added on MarketResearchFuture.

Report Overview

The report on the Household Robot Market provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2021 to 2027. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.

Market Dynamics

Factors affecting the Household Robot Market have been studied in a detailed fashion to give a better understanding regarding the current status and the prospects. The various economic and demographic factors that influence the market have been presented in the study. The impact of important markers such as pricing, demand and supply, and population levels have been studied in this report. The forecast regarding the Household Robot Market extending up to the year 2027 has been provided based on the conclusions from the aforementioned factors.

Market Research Future (MRFR) estimates the global household robot market to surpass USD 8.5 billion at a CAGR of 15.5% from 2018 to 2025 (forecast period).

A household robot is a type of service robot that aids humans by performing an activity or a job. These robots are autonomous and are operated by an in-built control system. It can easily connect to WI-FI networks and performs activities with a high degree of autonomy. It is used for a variety of applications, including education, therapy, and entertainment. The global household robot market is predicted to expand dramatically in the future years.

The global household robot market is being pushed by rising demand for autonomous robots, more awareness of robotics applications, greater safety concerns, and rapid technological improvement. Growing R&D efforts, with an emphasis on enhancing robot endurance, are likely to provide profitable growth possibilities for the worldwide household robotics market during the projection period. However, one of the significant factors that may stymie the industry's growth is the expensive initial investment and product maintenance costs.

COVID-19 Impact on the Global Household Robot Market

Recent technological developments in important areas such as robotics, object recognition, home navigation, and human-robot collaboration have resulted in household robots. COVID-19's global spread has wreaked havoc on the electronics industry. Changes in consumer behavior as a result of global economic turbulence are expected to have an impact on the household robot industry over the forecast timeframe. Governments all around the world have imposed lockdowns, affecting the majority of industrial players and forced people to stay at home, restricting physical contact among people. Most firms have allowed employees to work from home in order to ensure business continuity during the COVID-19 pandemic, which is projected to hinder the growth of the household robots market over the projected period. The constraints imposed on production activities in order to adhere to social distancing standards are anticipated to hinder the growth of the electronics sector, limiting the global household robot market's growth.

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The COVID-19 crisis has caused widespread disruption in the electronics industry. Over the forecast period, the shift in customer choices toward crucial products is projected to have an impact on the household robot market. Furthermore, the COVID-19 outbreak has caused international borders to close, resulting in a major decline in worldwide demand for household robots and related goods. Governments all across the world have imposed travel bans. Furthermore, restrictions on public gatherings and travel bans in a number of countries are projected to stymie the growth of the household robot market throughout the forecast period.

The greater emphasis on social distancing and personal care is anticipated to affect demand for such things, especially household robots, in the coming months. The pandemic's spread has not only resulted in the loss of human lives but has also increased the likelihood of a global economic downturn. Lockdowns in a number of nations have had an indirect or direct impact on numerous sectors, producing interruptions in supply chains and operations, as well as product commercialization, among other things.

Key Players

The report has profiled some of the Important players prevalent in the global like – Samsung Electronics Co. Ltd (South Korea), iRobot (US), Neato (US), LG Electronics Inc (South Korea), Ecovacs (China), Dyson (UK), Alfred Kärcher (Germany), Lego (Denmark), John Deere (US), iLife Innovation (China), BSH Hausgeräte (Germany), Miele (Germany), Robomow (Israel), Blue Frog Robotics (France), Husqvarna (Sweden) and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Household Robot.

Market Segmentation

The worldwide household robot market has been segmented into components, types, and applications.

By component, the worldwide household robot market has been segmented into products and services.

By type, the worldwide household robot market has been segmented into domestic and entertainment.

By application, the worldwide household robot market has been segmented into house cleaning, lawn mowing, companionship, toys & hobby systems, elderly assistance, others.

Regional Analysis

Region-wise, the worldwide household robot market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.

North America is a massive market with tremendous development potential for housecleaning robots. The domestic robotics market in North America is backed by a thriving robotics sector and widespread acceptance of robotic technology.

Europe is currently in second place. A growing senior population is driving demand for elderly assistance robots, while younger people want companionship robots and robotic toys.

Summary

The global household robot market is expected to surpass USD 8.5 billion at a CAGR of 15.5% from 2018 to 2025 (forecast period). Robotics, AI, microprocessors, electronics, and telecommunications advancements are directly fueling the expansion of the household robotics industry by making robot manufacturing more cost-effective and enhancing robot computational capabilities.

Key Stakeholders
Household Robot Market Manufacturers
Household Robot Market Distributors/Traders/Wholesalers
Household Robot Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Major Key Points from Table of Content:

1 Executive Summary

2 Market Introduction

2.1 Definition 15

2.2 Scope Of The Study 15

2.3 Market Structure 15

2.4 List Of Assumptions 16

3 Research Methodology

4 Market Dynamics

5 Global Household Robot Market, By Component

6 Global Household Robot Market, by Technology

7 Global Household Robot Market, by Application

8 Global Household Robot Market, By Industry

9 Global Household Robot Market, By Region

10 Competitive Landscape

And more

Continued...

Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

About Us:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

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