South Korea Robot Vacuum Cleaner Market Report and Forecast 2024-2032

South Korea Robot Vacuum Cleaner Market Outlook

The South Korea robot vacuum cleaner market is expected to grow at a CAGR of 14.3% between 2024 and 2032. The robot vacuum cleaner market is anticipated to be majorly driven by hectic lifestyles, high-tech 5G infrastructure, and dependence on technology.

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News and Developments in the Market

• According to the 2021 World Robotics report , South Korea became the country with the highest density of robots in the world. As per the International Federation of Robotics (IFR), there are 932 robots per 10,000 employees, and the demand will rise exponentially, especially in the electronics and automotive market.

• Amid the pandemic, Samsung Electronics Co.  launched an AI-based robot vacuum cleaner in 2021, the product is equipped with 3-D camera sensors automatic dustbin cleaning mechanism, and the product is controlled via voice command or with Samsung's IoT or SmartThings platform. The product can also play soothing music to calm the pets and keep the owner updated about their pets.

• The South Korea robot vacuum cleaner  market has progressed from being the most commercialised industry to a completely established market. It is considered a part of the home appliances market. In many facets of daily life, AI-based devices are now more human-like. Service robots are increasing their spheres of operation, doing physical activities more precisely, and swiftly displacing humans, particularly during the COVID-19 pandemic that has restricted human interactions.

Key Trends in South Korea Vacuum Cleaner Market

Robot vacuum cleaners, also known as robovac, are either self-driven or remote-controlled vacuum cleaners. The cleaning system has various features such as sensors, cameras, programmable controllers and more. The recent models are equipped with object identification, voice-control features, better mapping, and pet care, among others.

Expanding Trend of Smart Homes is Proliferating the Market for Robot Vacuum Cleaners in South Korea

IoT smart homes aim to automatically adapt to a homeowner's preferences by learning from and adjusting to a person's or family's way of life. A lot of the connected gadgets found in smart home apartments, in particular, use machine learning, a type of artificial intelligence, to analyse a homeowner's living habits and recommend more effective methods to operate household equipment like air conditioners and humidifiers, among others. With the growing trend of smart homes in the country, electronic companies are investing in the IoT and artificial intelligence leading to the growth of the home automation market. Features such as 3-D cameras, voice control, advanced sensors, pet care, and elderly care augment the robot industry.

Opportunities in South Korea Robot Vacuum Cleaner Market

Improved Internet Connectivity in South Korea

During the early 2000s, South Korea constantly set new, measurable national goals, examined market impediments, and then created and put into effect policies meant to encourage competition and utilisation. South Korea has effectively achieved ubiquitous fibre connection in just a few years. In contrast, in the United States, the infrastructure for fibre to the home ranges from 20% to 30%. Furthermore, South Korea's 5G infrastructure has enabled it to surpass the United States' 5G capabilities. Hence, access to 5G internet connectivity and smartphones lets consumers control the robot vacuum cleaner from their phones. Moreover, cordless robot vacuum cleaners are most preferred by customers for their ease of use, securing them a significant share of the market.
    

Increasing Purchasing Power and Dependence on Technology 

One of the largest IT firms in South Korea, KT, has teamed up with the restaurant chain called Mad for Garlic to provide AI-serving robots. The robot can easily navigate the constrained spaces between tables and avoid obstructions by using 3D spatial mapping and other technology. Up to four tables can be attended by the robot in one trip, and young customers and kids usually like seeing the robot. Additionally, after COVID-19, clients believe that receiving food via a robot is safer and fresher in general.

Increased disposable income and hectic lifestyles are two significant factors contributing to the growth of robot vacuum cleaners in South Korea. South Korea is one of the most overworked nations in the world. The working hours are quite long, and people often go to work on the weekends to meet their targets. Hence, people rely more on technology to get their daily household chores done. This is aiding the robot vacuum cleaner market in following a positive trajectory.

The Need to Reduce Human Interaction and Increase Cleanliness Drives the Market Growth

The widespread COVID-19 virus and the need to maintain social distance increased the sales of vacuum cleaners in South Korea. Although the manufacturing rate slowed down during the pandemic due to the unstable supply of raw materials which are required for manufacturing the robot vacuum cleaners, the robot vacuum market is recovering steadily as several manufacturers launched the UV sterilisation feature. People are willing to spend their money on sanitation products to prevent the spread of coronavirus. This factor helped boost the market for automatic robot vacuum cleaners in South Korea.

One of the key variables driving the market ahead is the increasing demand for robot cleaners in hospitals. Robotic cleaners are used for a variety of tasks in addition to cleaning, like detecting temperature and restricting guest access. These robots can also be employed to clean hospital hallways that have the technological capabilities to avoid obstructions and move about freely. Long-term market growth for robot cleaners in Korea may be impacted by such advancements.

Challenges in the Robot Vacuum Market

High cost and Energy Consumption can Impede the Growth

Robot vacuum cleaners are expensive which makes them accessible for the upper-middle to upper strata of the society. Also, the maintenance cost of such devices is high since various technologically advanced sensors and transmitters are embedded in the product. Robot vacuum cleaners consume high electrical energy, and the inclusion of new technologically advanced features uses up a lot of energy which could make environmentally conscious customers not to buy the product and hamper the market growth.

Market Analysis

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Based on type, the south Korea vacuum cleaner market can be segmented into cleaning robot, mopping robot, and hybrid robot. On the basis of operation, the market can be bifurcated into self-driven and remote-controlled. On the basis of end-use, the market can be divided into residential and commercial. On the basis of distribution channels, the South Korea vacuum cleaner market can be classified into online and offline channels. 

• Samsung Electronics Co. Ltd

• Xiaomi Corporation

• LG Electronics Inc.

• Koninklijke Philips N.V.

• Yujin Robot Co. Ltd.

• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the South Korea robot vacuum cleaner market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

Market Share by Type

Disposable and reusable wet cleaning pads are included in the hybrid vacuum cleaners. The machine cleans the floor by collecting dust and dirt in dry mode. When in mopping mode, a spray nozzle sprays water, and the wet pads wipe away dust from hard floors. These are more in trend because of the two-in-one feature of cleaning and mopping. The market for conventional vacuum cleaners is expected to grow along with the hybrid type due to cost affordability.

Market Share by Operation

One of the largest IT firms in South Korea, KT, has teamed up with the restaurant chain called Mad for Garlic to provide AI-serving robots. The robot can easily navigate the constrained spaces between tables and avoid obstructions by using 3D spatial mapping and other technology. Up to four tables can be attended by the robot in one trip, and young customers and kids usually like seeing the robot. Additionally, after COVID-19, clients believe that receiving food via a robot is safer and fresher in general. The rising significance of e-commerce among customers, aided by consumer awareness regarding technology due to social media is driving the market growth. Motor -powered cordless vacuum cleaners are very trendy these days due to their ease of usage. Remote-controlled vacuum cleaners also occupy a fair share in the market due to their affordability as compared to the fully automatic vacuum cleaners.

Market Share by End-use

The growth of south Korea robot vacuum cleaner market is anticipated to be aided by the factors such as celebrity influence, social media marketing and promotion of the product on various platforms. Factors such as ease of use, fast charging, flexibility of the product to clean corners, Wifi connectivity and voice commands entice the customers and propel the market growth. Due of high purchasing power, people can afford high-tech products for their comfort. Hence, Residential sector is scaling up and making the market competitive.  

Market Share by Distribution Channels

Based on distribution channels, both online and retail segments are estimated to expand. Brands now focus on e-commerce platforms as well to reach out the local as well overseas consumers. South Korea is known for their technology as key players invests a lot on research which provides significant impetus to the industry growth. South Korea has a high internet and smartphone penetration rate, which encourages online sales of goods. 

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Competitive Landscape

Samsung Electronics Co. Ltd. - Samsung Electronics Co Ltd is a subsidiary of Samsung Group. It produces a diverse range of consumer and industrial electronic devices, including microwaves, air conditioners, monitors, televisions, personal computers, peripherals, and semiconductors. The company also manufactures mobile phones, telecommunications equipment, and solutions for Internet access networks. Samsung operates in several different geographic areas, including the Americas, Europe, Africa, the Middle East, and Asia-Pacific. The headquarter of Samsung is situated in Seoul, South Korea.

Xiaomi Corporation- Chinese multinational electronics brand Xiaomi Corporation is based in Beijing City, China. The company was established in 2010 and manufactures phones, televisions, air purifiers, lifestyle products, power banks, vacuum cleaners, and smart bands, among others. The company has a presence in more than a hundred regions.

LG Electronics Inc.- A division of LG Corp., LG Electronics Inc. produces and sells home appliances and consumer electronics. Televisions, computers, refrigerators, dehumidifiers, audio and video equipment, washing machines, smart locks, air purifiers, home and business air conditioners, and vacuum cleaners are among the company's product offerings. Additionally, it provides solar panels, cellphones, information displays, sensor components, optic solutions, camera modules, automotive parts, substrates, and materials, among others. The business is present across the Americas, the Middle East, and the Asia Pacific. The Republic of Korea's capital city, Seoul, serves as the headquarters for LG Electronics.

Key Highlights of the Report