Household Robot Market by Component (Product, Services), Type (Domestic, Entertainment & Leisure), Distribution Channel, Application - Global Forecast 2024-2030
The Household Robot Market size was estimated at USD 8.18 billion in 2023 and expected to reach USD 9.48 billion in 2024, at a CAGR 16.71% to reach USD 24.16 billion by 2030.
A household robot is an autonomous machine designed to assist with or perform various tasks within a domestic environment, including vacuuming, lawn mowing, window cleaning, assisting the elderly or disabled with day-to-day chores, providing security surveillance, and even offering companionship. Household robots are integrated with advanced technologies, including artificial intelligence, machine learning, sensors, and actuators, enabling them to interact with human beings and their surroundings in an intelligent manner. The primary objective of household robots is to enhance convenience, improve efficiency in home management, and provide support to individuals by taking over repetitive or labor-intensive tasks. The household robots market is growing rapidly, driven by advancements in AI and robotics, surging demand for time-saving solutions, and the need for companionship for an aging population. Despite the rapid growth, the market faces challenges such as high robot development costs, household robot maintenance issues, and privacy threats. However, opportunities for market players lie in developing cognitive capabilities, health monitoring, and advanced recognition technologies alongside the expansion of online retail platforms. Market innovation focusing on enhancing AI, exploring new materials and energy sources, and creating user-friendly interfaces compatible with various smart home devices further presents a lucrative scope for the global household robots market.
Regional Insights
The market for household robots in the Americas is experiencing significant growth, attributed to the advancements in artificial intelligence and machine learning. As consumer adoption increases, North America, particularly the United States, remains at the forefront of this market, with a substantial demand for robotic vacuum cleaners, lawnmowers, and pool cleaning robots. In addition, Latin America is showing growth potential, albeit from a smaller base, influenced by the rising middle class and tech-savvy populace. The Europe, Middle East, and Africa region shows a diverse market landscape for household robots, with Europe demonstrating a high adoption rate for cleaning and entertainment robots, focusing on energy efficiency and high-tech features. The Middle Eastern market is witnessing a surge in demand, fueled by a young, tech-centric demographic and increasing disposable incomes. Asia-Pacific (APAC) is anticipated to be the fastest-growing region for household robots, bolstered by the presence of significant market players and manufacturers in countries including Japan, South Korea, and China. Rising urbanization, a growing middle class, and an inclination towards smart home technologies are key drivers for household robots in this region. Additionally, the APAC market benefits from a favorable manufacturing environment and supportive government policies towards robotics and automation.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Household Robot Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Rise in disposable income and adoption of robotic cleaning devices
- Increasing use of toys & entertainment robots by younger population
- Growing demand for household robots for security purposes
- Market Restraints
- High cost of development and deployment of household robot
- Market Opportunities
- Rapid technological advancements and R&D investments to introduce improved robots
- Potential consumer demand for elderly and personal assistive robots
- Market Challenges
- Concerns associated with data security and privacy
- Market Segmentation Analysis
- Component: Growing usage of services to provide customer support and periodic software updates
- Type: Rising potential of domestic robots to assist with household chores
- Distribution Channel: Growing availability of household robots across online distribution channels for 24/7 services
- Application: Increasing popularity of companionship robots to provide social interaction
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Household Robot Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Household Robot Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Evolution of Home Companion Robots, Industry Giants Battle for Market Dominance
Samsung Electronics Co., Ltd. introduces its innovative home companion, Ballie - a spherical robot integrating features from mobility across rooms to smart home control and multimedia projection capabilities. This marks Samsung’s initial major entry into the home robotics market, demonstrating Samsung’s shift from basic automated appliances to sophisticated robotic solutions.
Intuition Robotics Scores USD 25 Million to Scale AI Care Companion For Seniors
Intuition Robotics secured USD 25 million in funding to accelerate the development of ElliQ, its advanced conversational AI companion aimed at combating senior loneliness. The funding empower Intuition Robotics to amplify ElliQ's reach among healthcare providers and government entities, reaffirming the synergy between enhancing the mobility of aging populations.
Robotic Startup Narwal Launches New Robotic Vacuum
Narwal introduced Narwal Freo, which is designed to enhance domestic chore efficiency. This advanced robot sets a new standard in this sector by incorporating a fully integrated cleaning system, eliminating the need for manual switching between different cleaning tasks.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Household Robot Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Household Robot Market, highlighting leading vendors and their innovative profiles. These include Aeolus Robotics Corporation, Aisoy Robotics, S.L., Alfred Kärcher SE & Co. KG, Amano Corporation, Amazon.com, Inc., ASUSTeK Computer Inc., Avidbots Corp., Beijing Roborock Technology Co., Ltd., Bissell Homecare, Inc., Blue Frog Robotics SAS, Bobsweep Inc., Cleanfix Reinigungssysteme AG, CYBERDYNE Inc., Digital Dream Labs, LLC, Diversey, Inc. by Solenis LLC, Dyson Limited, Ecovacs Robotics Co., Ltd., Engineered Arts Limited, Eureka Forbes Limited, fischer Deutschland Vertriebs GmbH, Friendly Robots Company, GUANGDONG BONA ROBOT CO., LTD, Haier Group Corporation, Hanson Robotics, Limited, Honda Motor Co., Ltd., Husqvarna Group, InGen Dynamics Inc., Innovation First International, Inc., Intuition Robotics Ltd., iRobot Corporation, LEGO System A/S, LG Corporation, lubluelu, Makita Corporation, Maytronics Ltd., Miele, Miko Robot, Panasonic Holdings Corporation, Peppermint Robotics, Pitsco Education, LLC, Preferred Networks, Inc., Primo Toys, Probotics America, Robolink, Robosen Technologies Ltd., Samsung Electronics Co., Ltd., Shanghai Gaussian Automation Technology Development CO., LTD, SoftBank Robotics Group Corp., Sony Group Corporation, Sphero, Inc., SZ DJI Technology Co., Ltd., Toyota Motor Corporation, UBTECH ROBOTICS CORP LTD., Vorwerk Deutschland Stiftung & Co. KG, WowWee Group Limited, and Xiaomi Corporation.
Market Segmentation & Coverage
This research report categorizes the Household Robot Market to forecast the revenues and analyze trends in each of the following sub-markets:- Component
- Product
- Services
- Type
- Domestic
- Entertainment & Leisure
- Distribution Channel
- Offline
- Online
- Application
- Companionship
- Elderly & Personal Assistance
- Lawn Mowing
- Robot Toys
- Security & Surveillance
- Vacuuming & Cleaning
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rise in disposable income and adoption of robotic cleaning devices
- 5.1.1.2. Increasing use of toys & entertainment robots by younger population
- 5.1.1.3. Growing demand for household robots for security purposes
- 5.1.2. Restraints
- 5.1.2.1. High cost of development and deployment of household robot
- 5.1.3. Opportunities
- 5.1.3.1. Rapid technological advancements and R&D investments to introduce improved robots
- 5.1.3.2. Potential consumer demand for elderly and personal assistive robots
- 5.1.4. Challenges
- 5.1.4.1. Concerns associated with data security and privacy
- 5.2. Market Segmentation Analysis
- 5.2.1. Component: Growing usage of services to provide customer support and periodic software updates
- 5.2.2. Type: Rising potential of domestic robots to assist with household chores
- 5.2.3. Distribution Channel: Growing availability of household robots across online distribution channels for 24/7 services
- 5.2.4. Application: Increasing popularity of companionship robots to provide social interaction
- 5.3. Market Trend Analysis
- 5.3.1. Increasing investment in robotics and AI by the government coupled with rising household income in the Americas region
- 5.3.2. Ongoing advancements in household robots coupled with expanding usage of robots for assisting the elderly population of the APAC region
- 5.3.3. Rising trend of home automation and robotics along with increasing adoption of household robots in the EMEA region
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Household Robot Market, by Component
- 6.1. Introduction
- 6.2. Product
- 6.3. Services
- 7. Household Robot Market, by Type
- 7.1. Introduction
- 7.2. Domestic
- 7.3. Entertainment & Leisure
- 8. Household Robot Market, by Distribution Channel
- 8.1. Introduction
- 8.2. Offline
- 8.3. Online
- 9. Household Robot Market, by Application
- 9.1. Introduction
- 9.2. Companionship
- 9.3. Elderly & Personal Assistance
- 9.4. Lawn Mowing
- 9.5. Robot Toys
- 9.6. Security & Surveillance
- 9.7. Vacuuming & Cleaning
- 10. Americas Household Robot Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Household Robot Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Household Robot Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. FPNV Positioning Matrix, 2023
- 13.3. Competitive Scenario Analysis
- 13.3.1. Evolution of Home Companion Robots, Industry Giants Battle for Market Dominance
- 13.3.2. Intuition Robotics Scores USD 25 Million to Scale AI Care Companion For Seniors
- 13.3.3. Robotic Startup Narwal Launches New Robotic Vacuum
- 13.3.4. Japanese AI Startup Launches Robot for Home Use
- 13.3.5. Lionsbot Launches World's First Zero Click Cleaning Robots
- 13.3.6. ECOVACS Launches State-of-the-Art, AI Powered Robot Vacuum DEEBOT T10 OMNI, Offering the Ultimate Hands-Free Cleaning Solution
- 13.3.7. iRobot Introduces World's Most Advanced 2-in-1 Robot Vacuum and Mop with Thoughtful iRobot OS 5.0 Updates
- 13.3.8. New BISSELL Robot Combines a True Clean with Ultimate Convenience
- 13.3.9. Amazon and iRobot Sign an Agreement for Amazon to Acquire iRobot
- 13.3.10. Xpeng Robotics Raises USD 100 Million to Bring Robots to Households
- 13.3.11. Dyson Reveals Home Robot Prototypes That Can Carry Out Domestic Chores
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.2. Key Product Portfolio
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