Cleaning Robot Market Worth 4.34 Billion USD by 2023
According to the new research report “Cleaning Robot Market by Type, Product (Floor-cleaning robot, Lawn-cleaning robot, Pool-cleaning robot, Window-cleaning robot), Application (Residential, Commercial, Industrial, Healthcare), and Geography – Global Forecast to 2023”, published by MarketsandMarkets™ , the market is expected to grow from USD 2.09 Billion in 2018 to USD 4.34 Billion by 2023, at a CAGR of 16.21% between 2018 and 2023. The growth of this market is mainly driven by factors such as penetration of automation in household appliances, rise in labor cost, and increasing safety concern.
Browse 65 market data Tables and 48 Figures spread through 129 Pages and in-depth TOC on “Cleaning Robot Market – Global Forecast to 2023“
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Floor-cleaning robot expected to hold the largest share of the cleaning robot market by 2023
Floor-cleaning robot is expected to hold the largest share, on the basis of product, of the cleaning robot market by 2023; the growth of the market for this technology attributed the popularity of floor-cleaning robots in the residential sector, which has helped the floor-cleaning robot market to grow at a rapid pace. These robots are equipped with functions such as navigation control systems and sensors (distance counter, gyro, ultrasonic, laser, and bumper switches), which are specifically used to detect obstacles and prevent collisions.
Cleaning robot market for residential application expected to grow at the highest CAGR between 2017 and 2023
The cleaning robot market for the architecture application is expected to grow at the highest CAGR between 2018 and 2023. Cleaning robots in the residential application are utilized to perform tasks such as mopping and cleaning. In certain countries, employing domestic workers becomes too expensive; in such cases, cleaning robots can easily undertake the task of cleaning.