The size of the cleaning robot market is projected to reach $24.8 billion by 2026 from an estimated $8.9 billion in 2021, at a CAGR of 22.8% between 2021 and 2026.
The evolution of IoT, the increasing penetration of automation in homes, and the smaller size of cleaning robots compared to traditional robots have driven the growth of this market.
Impact of COVID-19 on the Global Cleaning Robots Market
The market for personal and household cleaning robots is expected to be more affected by COVID-19 than by professional robots. Due to the recession gripping the world and a decline in disposable income, the demand for domestic and personal robots is expected to decline. Due to COVID-19, there has been a drastic drop in the availability of domestic help services, and to better handle such situations in the future, the demand for domestic robots is expected to grow after the impact of COVID-19 subsides.
The market for professional cleaning robots will be less affected. They have gained traction in applications, such as the disinfection of premises. The pandemic has hit the retail industry hard; If this pandemic intensifies, retail companies could need automation technologies and robotic system manufacturers could take advantage of this opportunity. In addition, as social distancing guidelines become stricter around the world, hospitals are requiring mobile robots equipped with UV-C light disinfection equipment to disinfect wards and rooms.
Driver: Penetration of automation in household appliances.
The development of AI and IoT has provided new avenues for robots to interact and work with humans. In addition, the development and evolution of MEMS and sensors and improvements in display technology have improved the efficiency and accuracy of robots. The growth of the cleaning robots market is led by innovation and modernization in the field of robotics. Technological advances and research activities have led to the development of cleaning robots, which help humans perform mundane tasks.
The development of IoT and wireless technologies has given users the power to control robots using remote controls or smartphones. These advancements and flexibility are driving the growth of the market. The compatibility of these robots with amazon Echo and Google Home smart speakers has helped increase the automation of these devices. Companies such as Dyson (UK), iRobot (US) And Neato Robotics (USA) offer Wi-Fi-enabled cleaning robots on the market.
Restriction: Decreased consumer spending due to COVID-19
With personal income falling sharply due to the pandemic, consumer spending has declined proportionately. In the US, consumer spending accounts for nearly 70% of economic activity. This will have an impact on the purchase of domestic robots, such as robotic vacuum cleaners and lawn mowers, as they are not considered necessary items. Therefore, in developing countries such as India, the sale of these robots is expected to fall drastically compared to developed countries. As a result, most cleaning robot manufacturers are expected to expect a drop in revenue in the near term as they reduce existing inventory and manage reduced operating hours. Limited foot traffic due to temporary store closures and a decline in e-commerce sales also add to this decline.
Opportunity: Increased concern for home safety
Increasing cases of burglaries and burglaries have led homeowners to focus on installing home security solution systems. In addition, workers' busy schedules have forced them to have a caregiver or permanent maid at home, which, in turn, increases the threat to home safety if the caregiver is unreliable. Using a cleaning robot eliminates the need for a maid/caregiver, as these robots can be programmed for further cleaning and can also be operated via a smartphone. Previously, cleaning robots were used solely for cleaning purposes. However, advances in technology have allowed companies to integrate other applications. For example, in 2017, LG Electronics launched the Hom-Bot Turbo+ cleaning robot that comes with the new HomeGuard motion detection technology, capable of streaming live video on a consumer's smartphone and automatically clicking on 5 photos if motion is detected. In the near future, the new applications will provide an opportunity for the growth of the cleaning robots market.
Challenge: Efficiency of cleaning robots
The increasing applicability of cleaning robots in various fields, such as commercial, industrial, personal services, logistics and medical, has driven the need for efficient performance of these robots. Therefore, it becomes essential to develop advanced robotic systems that program robots to interact with humans. The human environment has several challenging activities that are beyond the control of robots. Perceiving the unstructured human environment is the biggest challenge for robots. Therefore, creating a robot that is proactive and can foresee the needs of humans becomes the most important challenge for the market. In addition, the suction capacity of cleaning robots is lower than that of traditional vacuum cleaners, which is also a challenge for the cleaning robot market. However, further progress could eliminate this challenge.
The personal cleaning robots segment will dominate the market during the forecast period
Compared to professional cleaning robots, the personal cleaning robot segment is expected to dominate the cleaning robots market by 2026. The growing popularity of smart homes is one of the key reasons for the growth of this market. Products such as robotic vacuum cleaners are also experiencing an increase in adoption, which, along with changing lifestyles and busy schedules, have led consumers to look for convenient methods of cleaning and mopping. Here are some of the key reasons driving the personal cleaning robots market.
The window cleaning segment is projected to record the highest CAGR from 2021 to 2026
Tall windows are difficult to clean and require specialized equipment. In addition to this, hiring professional window cleaners is very expensive. This growth is expected to be driven by the growing advances related to AI technology. In addition, window cleaning robots are also gaining traction in commercial applications because they reduce the need for human labor, thus reducing companies' operating costs.
The residential segment is projected to have the largest share of the market by 2026
Cleaning robots in the residential app are used to perform tasks such as mopping and cleaning. In some countries, employing domestic workers is too expensive. In such cases, cleaning robots can easily perform the cleaning task. Technological advances are allowing these robots to become more practical and usable day by day. This is driving consumer demand and acceptance of such products. Growing consumer demand for autonomous robotic technology and minimization of human intervention are factors driving the growth of the market.