In a recent published report, Kenneth Research has updated the APAC Residential Robotic Vacuum Cleaner Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for APAC Residential Robotic Vacuum Cleaner Market products.
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According to the statistics by the Bureau of Economic Analysis (BEA) of the U.S. Dept. of Commerce, the gross output registered from the data processing, internet publishing and other information services industry grew from USD 162.5 Billions in 2010 to USD 530.4 Billion in 2020.
Residential robotic vacuum cleaners (RVCs) or robovacs are used to clean living spaces, pools, lawns, windows and gutters thereby helping users with house chores. These robots reduce the time required for regular household cleaning activities and are preferred by the growing urbane consumers leading a hectic lifestyle. Asia-Pacific total sales revenue of residential robotic vacuum cleaners (RVCs) will advance to $XXX million in 2023, registering a CAGR of 22.5% between 2016 and 2023. This represents a cumulative revenue of $XXX billion during 2017-2023 owing to a fast-growing adoption of cleaning robots in APAC households. Accordingly, the sales volume of residential robovacs in APAC is expected to reach XXX thousand units in 2023, growing by XX% annually over the coming years.
Highlighted with 15 tables and 60 figures, this 122-page report “APAC Residential Robotic Vacuum Cleaner Market 2017-2023 by Application, Product Function, Charging Technology, Distribution Channel and Country” is based on a comprehensive research of APAC residential RVCs market by analyzing this entire regional market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report provides historical market data for 2014 and 2015, revenue estimates for 2016, and forecasts from 2017 till 2023. Average selling price (ASP) of high-end, medium-grade, and low-end residential RVCs in APAC region is analyzed for 2014-2017 and forecast for 2017-2023.
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify APAC residential RVCs market in every aspect of the classification from perspectives of application, product function, charging technology, distribution channel and country.
Based on application, the APAC market is segmented into the following sub-markets with annual revenue included for 2014-2023 (historical and forecast) for each section.
• Floor Cleaning (further segmented into Vacuuming Only, Vacuuming & Mopping, and Mopping Only)
• Pool Cleaning
• Other Cleaning (lawns, windows and gutters)
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On basis of charging technology, the APAC market is analyzed on the following segments with annual revenue in 2014-2023 provided for each segment.
• Manual Charging
• Automatic Charging
On basis of distribution channel, the APAC market is analyzed on the following segments with annual revenue in 2014-2023 provided for each segment.
• Online Sales
• Supermarkets and Retail Stores
• Other Channels
Geographically, the following national markets are fully investigated:
• South Korea
• Rest of APAC
For each of the aforementioned countries, detailed analysis and data for annual revenue are available for 2014-2023. The breakdown of key national markets by robovac application over the forecast years is included.
The report also covers current competitive scenario, market shares of leading vendors, and the predicted manufacture trend; and profiles key residential RVC vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in APAC residential RVC market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Aqua Products, Inc.
BSH Bosch Und Siemens Hausgeräte Altersfürsorge GmbH
ECOVACS Robotics Co., Ltd.
Hanool Robotics Corp.
Moneual USA, Inc.
Neato Robotics, Inc.
Yujin Robot Co., Ltd.
Zodiac Pool Systems, Inc.
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