Household Robot Market Share, to Perceive Substantial Growth by the End 2027

 Market Analysis

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

A Household Robot Market Size 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.

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The global Household Robot Market Size 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

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.

Market Segmentation

The worldwide Robots for Home Market has been segmented into components, types, and applications.

By component, the worldwide Robots for Home 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 Robots for Home 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.

Key Players

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).

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About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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