With the emergence and long-term Impact of COVID-19, Global Household Robots Market to reach USD XX Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Household RobotsMarket is poised to raise up to USD XX Billion by 2030. Household robots are autonomous or semi-autonomous robotic devices designed to perform tasks and assist various activities within a home environment. These robots are equipped with sensors, actuators and often artificial intelligence to navigate and interact with their surroundings. The key factors driving the market growth are growing popularity of autonomous robots, rising aging population and growing disposable income. All these factors are anticipated to support the market growth during forecast period 2023-2030.
Moreover, the growing investment in research and development and rapid urbanization is anticipated to create lucrative opportunity for the market growth. However, the legal safety and data protection regulations stifles market growth throughout the forecast period of 2023-2030.
Geographically, the global Household Robots market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the increasing adoption of smart home technologies, advancements in Artificial Intelligence (AI) and robotics and increasing disposable income. Whereas, the Asia Pacific region is expected to grow with the fastest growth rate during the forecast period, owing to factors such as the rising disposable income, increased awareness, adoption and rapid urbanization.
The global Household Robots market is highly competitive owing to the presence of several key market players such as iRobot Corporation, Ecovacs Robotics Co., Ltd., Xiaomi Corporation, Maytronics, Ltd., Samsung Electronics Co., Ltd., and others.
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Key findings of the study suggest:
- Global Household Robots Market is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030.
- In the Offering segment, Services emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the increasing adoption of smart home technologies, advancements in Artificial Intelligence (AI) and robotics and increasing disposable income.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Offering:
- Products
- Services
Type:
- Domestic
- Entertainment and Leisure
Distribution Channel:
- Online Channel
- Offline Channel
Application:
- Vacuuming
- Lawn Mowing
- Pool Cleaning
- Companionship
- Elderly Assistance and Handicap Assistance
- Robot Toys and Hobby Systems
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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