Global Consumer Robotics Market 2024-2028
The consumer robotics market is forecasted to grow by USD 53992.6 mn during 2023-2028, accelerating at a CAGR of 39.04% during the forecast period. The report on the consumer robotics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for robotic automation processes, social factors driving adoption of robot vacuum cleaners in urban areas, and increasing use of iot in robots for cost-effective predictive maintenance.
Technavio's consumer robotics market is segmented as below:
By Application
- Domestic task
- Education
- Healthcare
- Others
By Distribution Channel
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the government support for robotics as one of the prime reasons driving the consumer robotics market growth during the next few years. Also, low maintenance cost and high productivity of consumer robotics and e-commerce as platform for product sales will lead to sizable demand in the market.
The report on the consumer robotics market covers the following areas:
- Consumer robotics market sizing
- Consumer robotics market forecast
- Consumer robotics market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading consumer robotics market vendors that include Alphabet Inc., Amazon.com Inc., Beijing TimeRiver Technology Co Ltd, BLUE FROG ROBOTICS SAS, Cecotec, Dyson Group Co., Ecovacs Robotics Co. Ltd., Gaussian Robotics Pte Ltd., Honda Motor Co. Ltd., Irobot Corp., JS Global Lifestyle Co. Ltd., LG Electronics Inc., Neato Robotics Inc., Nippon Telegraph and Telephone Corp., Parrot Drones SAS, Proscenic, Samsung Electronics Co. Ltd., UBTECH Robotics Inc., WowWee Group Ltd., and Xiaomi Communications Co. Ltd.. Also, the consumer robotics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.