The household robot market is projected to grow at a CAGR of 21% to 23% during 2020-2025. The growth of household robot market is driven are increasing adoption of robotic technology due to technological advancement and its widespread applications.
Some of the Key Questions answered in
this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the household robot market by
type (domestic and entertainment and leisures), offering (products and
services), application (vacuuming, lawn mowing, pool cleaning, companionship,
elderly assistance and handicap assistance, robot toys and hobby systems, and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the household robot market?
Q.4 What are some
changing demands of customers in the household robot market?
Q.5 What are the new
developments in the household robot market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this household robot area and how big of
a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this household robot market?
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Market Segmentation:
Based on type, the
household robot market is segmented into domestic and entertainment and
leisures. The domestic segment accounted for the largest share of the market in
2020 due to their increasing demand in vacuuming, lawn mowing, and pool
cleaning.
Asia Pacific is expected
to be the largest region largest region during the forecast period due to rise
in investments towards household robots mainly in countries, such as China,
Japan, and South Korea.
Key Players in the household
robot market are IRobot, Neato, Samsung, LG, Ecovacs, Dyson, Alfred Kärcher,
LEGO, John Deere, iLife Innovation, bObsweep, Miele, BSH Hausgeräte,
Maytronics, Hayward Industries, temi, Monoprice, Husqvarna, and Robomow.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/household-robot-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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