Household Robots Global Market Report 2024

The household robots market size has grown rapidly in recent years. It will grow from $8.1 billion in 2023 to $9.7 billion in 2024 at a compound annual growth rate (CAGR) of 19.2%. The growth observed during the historical period can be attributed to various factors, including the consumer demand for convenience, integration of smart home technologies, heightened consumer awareness, improvements in affordability, a focus on environmental sustainability, advancements in safety features, and government initiatives supporting the adoption of household robots.

The household robots market size is expected to see exponential growth in the next few years. It will grow to $20.35 billion in 2028 at a compound annual growth rate (CAGR) of 20.4%. The anticipated growth in the forecast period can be attributed to several factors, including advancements in human-robot interaction, the increasing adoption of voice assistants, the expansion of robotic lawn care, improvements in object recognition technology, a sustained decline in component costs, and the broadening applications of household robots in the hospitality sector. Key trends expected in the forecast period include a rise in the adoption of robotic vacuum cleaners, advancements in artificial intelligence (AI) and machine learning, the development of multi-functional robots, the emergence of personal assistant robots, the integration of cloud connectivity and data analytics, and a focus on energy-efficient and eco-friendly designs in household robotics.

The household robots market is anticipated to experience substantial growth due to the high demand for robots. Robots, defined as autonomously operated systems that replace human effort, are increasingly preferred for household chores such as cleaning and ironing. The rising demand for robots is expected to drive the household robots market. According to a report by the International Federation of Robotics in October 2022, global robot installations were projected to grow by 13% to 435,000 units in 2021, with significant increases in America, Asia, Australia, and Europe. The surge in robot demand is a key driver for the growth of the household robots market.

The household robot market is witnessing growth propelled by the increasing popularity of smart homes. Smart homes, characterized by internet-enabled appliances and devices that can be remotely controlled, are adopting household robots for tasks ranging from cleaning and maintenance to security and companionship. FutureIoT reported that over 54% of US households were expected to have at least one smart home gadget in 2022, making smart homes the norm. Similarly, adoption rates in the UK, Germany, and France have reached notable percentages. The growing appeal of smart homes is expected to contribute significantly to the growth of the household robot market.

Technological advancements are a prominent trend in the household robot market, with major companies focusing on innovative technologies to enhance their market position. Ecovacs Robotics, a leading auto cleaning robots designer based in China, introduced the DEEBOT X1 OMNI in March 2022. This all-in-one vacuum and mopping robot, powered by TrueMapping technology, features unique capabilities such as the All-in-One OMNI Station and the potent AIVI 3D, providing comprehensive cleaning solutions for daily life.

Companies in the household robot market are directing their efforts toward product developments, particularly in the domain of home robots. These robots, also known as service robots or domestic robots, are designed to perform tasks within homes. Robotics Inc., a Japanese AI startup firm, launched the Kachaka robot in May 2023 for residential applications. The Kachaka robot is capable of delivering items upon verbal commands, enhancing convenience in daily activities through its AI technology that allows it to analyze camera images and avoid obstacles.

In August 2022, Amazon.com, Inc., a major US-based technology company, acquired iRobot Corporation for $1.7 billion. This strategic move is expected to reinforce Amazon's dominant position and consolidate its control over the smart home technology ecosystem. The collaboration between the iRobot team and Amazon is anticipated to result in innovative developments that enhance the quality of life for customers. iRobot Corporation, a US-based technology company specializing in consumer robots, was the subject of this acquisition by Amazon.

Major companies operating in the household robots market report are Dyson Limited, Ecovacs Robotics, Neato Robotics Inc., Alfred Kärcher SE & Co., LG Electronics Inc, The Lego Group, Samsung Electronics Co Ltd, Husqvarna AB, Deere & Company, Xiaomi Corporation, BSH Hausgeräte GmbH, Miele Corporate, Robomow, Blue Frog Robotics, iLIFE Innovation Ltd, iRobot Corporation, Maytronics Ltd., Neato robotics Inc., Hayward Holdings Inc., Panasonic Corporation, Roborock Technology Co. Ltd, bObsweep Inc., SharkNinja Operating LLC, Schweitzer Engineering Laboratories, Schneider Electric SE, Opus One Solutions Inc., Encorp Inc., Siemens AG, Schweitzer & Conrad Inc., Spirae LLC Company, Emerson Automation Solutions, CleanSpark Inc., Eaton Corporation, General Electric Company,.

Asia-Pacific was the largest region in the household robots market in 2023, and is expected to be the fastest-growing region in the household robots market during the forecast period. The regions covered in the household robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the household robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of household robots include domestic, entertainment, and leisure robots. Domestic robots are specifically engineered to handle a variety of household duties, contributing to the smooth operation of daily life by executing chores and other routine activities. These robots offer products and services applicable to various tasks such as vacuuming, lawn mowing, pool cleaning, companionship, assistance for the elderly and individuals with disabilities, as well as applications in robot toys, hobby systems, and more.

The household robots market research report is one of a series of new reports that provides household robots market statistics, including household robots industry global market size, regional shares, competitors with a household robots market share, detailed household robots market segments, market trends and opportunities, and any further data you may need to thrive in the household robots industry. This household robots market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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