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Report Overview
The global household robots market attained a value of nearly USD 5.45 billion in 2023. The market is further expected to grow at a CAGR of 22% during the forecast period of 2024-2032 to reach a value of USD 32.60 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Household Robots Market Report Snapshots
Household Robots Market Growth
Household Robots Market Trends
Household Robots Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global household robots market attained a value of nearly USD 5.45 billion.
The market is projected to grow at a CAGR of 22% between 2024 and 2032.
The major drivers of the market include autonomous robots, increased awareness regarding robotics applications, rising concerns for safety, and the rapid advancements in technology.
The improved accessibility of household robots and rising consumer demand for autonomous robotic technology are expected to be key trends guiding the growth of the market.
The two types of household robots available in the market are domestic, and entertainment and leisure.
The different applications of household robots include vacuuming, lawn mowing, pool cleaning, companionship, elderly assistance and handicap systems, and robot toys and hobby systems, amongst others.
The primary offerings in the market are products and services.
The leading players in this market are Puresight Systems Private Limited, Neato Robotics, Inc., Samsung Electronics Co., Ltd., Ecovacs Robotics, Alfred Kärcher SE & Co. KG, Dyson Limited, and LG Electronics Inc., among others.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 32.60 billion by 2032.
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