Global Household Robots Market to Reach $53.4 Billion by 2030
The global market for Household Robots estimated at US$14.3 Billion in the year 2023, is expected to reach US$53.4 Billion by 2030, growing at a CAGR of 20.7% over the period 2023-2030. Household Robot Products, one of the segments analyzed in the report, is expected to record 22.3% CAGR and reach US$41.3 Billion by the end of the analysis period. Growth in the Household Robot Services segment is estimated at 16.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.4 Billion, While China is Forecast to Grow at 19.6% CAGR
The Household Robots market in the U.S. is estimated at US$4.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.8 Billion by the year 2030 trailing a CAGR of 19.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.7% and 17.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 14.9% CAGR.
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