Global Household Robots Market Report and Forecast 2024-2032

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Household Robots Market Trends

One of the major factors driving the growth of the household robots market is the rising consumer demand for autonomous robotic technology. The need to minimise human intervention and enhance efficiency is leading to the increased adoption of household robots globally.

Recent Developments

As per the household robots market dynamics and trends, Apple is exploring new opportunities in the development of home robots. The hardware engineers and the AI and ML provider group of the company are working together for the development of this new product.

Household Robots Market Growth

The global household robots demand is being driven by the growing demand for autonomous robots, the increased awareness regarding robotics applications, the increased concern for safety, and the rapid advancement in technology. The growing R&D investments with a focus on improving robots' endurance capability are expected to generate lucrative growth opportunities for the global industry over the forecast period. However, one of the major factors that may hamper the growth of the industry is the high initial investments and high maintenance cost of the product.

Industry Outlook

According to the household robots industry analysis, as per the industry experts in 2023 around 39% of the household tasks can be performed by AI and robots in the coming decade. As per a survey conducted on AI experts in the UK and Japan, domestic tasks such as grocery shopping are most likely to be automated in the coming years, whereas tasks such as taking care of elders are least likely to be automated.

As per the data from the International Federation of Robotics, the number of domestic household robots was expected to rise to 31 million between 2016 and 2019. The vacuum and cleaning robots were expected to be the most popular, accounting for around 96% of the total domestic robots, which was expected to aid the growth of the domestic household robots industry.

As per the industry reports in March 2024, MIT engineers are developing household robots that will have some common sense. These engineers are developing a method that can connect the robot motion data with the “common sense knowledge” of large language models. This method will allow the robots to focus on a task and adjust to any disruptions that may interfere with it. It will allow the robots to carry out complicated domestic tasks without much room for error. This capability can aid the household robots demand and consequently the household robots industry revenue.

Increasing Demand for Automated Solutions and Technological Advancements Drive the Success of the Global Market

• Increasing demand for automated solutions for household chores due to busy lifestyles.

• Technological advancements in AI, machine learning, and sensor technology can aid household robots demand growth.

• Rising disposable income.

• Increased demand from elderly individuals.

Challenges Impacting the Global Market Include High Costs, Maintenance Issues, and Data Privacy Concerns

• High initial cost for purchasing advanced household robots.

• Maintenance and reliability issues.

• Data privacy and security concerns can negatively impact household robots demand forecast. 

• Integrating robots with existing smart home ecosystems.

Key Trends Shaping the Global Market Focus on Multi-Functionality, Control Technologies, and Subscription Models

• Multi-functionality of robots.

• Voice and gesture control technologies for easy operation.

• Focus on designing compact and aesthetic designs can increase household robots market opportunities.

• Subscription-based models for regular maintenance and software updates.

Threats and Challenges in the Global Market Arise from Economic Downturns, Technological Changes, and Market Competition

• Economic downturns affecting consumer spending on non-essential products.

• Rapid technological changes.

• Intense market competition.

• Navigating diverse regulations and standards across regions aids demand of household robots market.

Key Players in the Global Market and Their Strategic Initiatives

Neato Robotics

• Innovative Product Development: Invests heavily in R&D to develop advanced household robots with superior cleaning capabilities, enhanced navigation, and smart home integration, which can boost household robots market value.

• Customer-Centric Solutions: Prioritizes customer satisfaction by offering customizable solutions and robust after-sales support, engaging with consumers through digital marketing and social media to build strong brand loyalty.

Samsung Electronics Co., Ltd

• Sustainability and Eco-friendly Practices: Focuses on sustainable practices by using eco-friendly materials and promoting energy-efficient designs, attracting eco-conscious consumers.

• Advanced Manufacturing Techniques: Leveraging advanced manufacturing techniques such as automation and 3D printing to improve production efficiency and reduce costs, ensuring high quality and reliability is a crucial trend in household robots market.

Ecovacs Robotics Co., Ltd

• Strategic Partnerships and Acquisitions: Expands market presence through strategic partnerships and acquisitions, enhancing product portfolios, entering new geographic markets and increasing household robots market value.

LG Corporation

• Integration of AI and IoT: Incorporates AI and IoT technologies into household robots, creating smarter and more connected home ecosystems, enhancing product functionality and user experience.

iRobot Corporation

• Global Expansion and Localization: Pursues global expansion by establishing new manufacturing and R&D facilities in key regions, tailoring products to meet regional preferences and regulatory requirements.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Household Robots Industry Segmentations

The household robot is a service robot that performs an activity or a job to help people. Such robots are autonomous and controlled by an integrated in-control system. It conducts tasks with a high degree of autonomy and can easily connect to wi-fi networks and is used for different purposes, such as training, counselling, and entertainment.

The global household robots industry can be broadly categorised based on segments like offerings, types, applications, and regions.

• Offering:
  • Products 
  • Services
• Type:
  • Domestics
  • Entertainment and Leisure
• Application:
  • Vacuuming
  • Lawn Mowing
  • Pool Cleaning
  • Companionship
  • Elderly Assistance and Handicap systems
  • Robots Toys and Hobby Systems
  • Others

The EMR report looks into the markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global household robots industry, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• iRobot Corporation (NASDAQ: IRBT)

• Neato Robotics, Inc.

• Samsung Electronics Co., Ltd.

• Ecovacs Robotics

• Alfred Kärcher SE & Co. KG

• Dyson Ltd

• LG Electronics, Inc.

• Intuitive Surgical Inc.

• Others

The EMR report gives an in-depth insight into the household robots industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Household Robots Market Regional Analysis

The Asia Pacific accounts for a major household robots industry share owing to the rise in disposable income as well as the growing technological innovations in China and Japan. The rising development of cleaning robots in China is also fuelling the market growth.

Key Highlights of the Report

Household Robots Market Report Snapshots

Household Robots Market Size

Household Robots Market Growth

Household Robots Market Trends

Household Robots Companies

Household Robots Market Regional Analysis