Global Robotic Vacuum Cleaners Market to Reach $3.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Robotic Vacuum Cleaners estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$3.4 Billion by 2027, growing at a CAGR of 7.9% over the period 2020-2027.
The U.S. Market is Estimated at $543.7 Million, While China is Forecast to Grow at 12% CAGR
The Robotic Vacuum Cleaners market in the U.S. is estimated at US$543.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$775 Million by the year 2027 trailing a CAGR of 12% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 7.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.We bring years of research experience to this 6th edition of our report. The 143-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Dyson Ltd.
- Ecovacs Robotics, Inc.
- iRobot Corporation
- LG Electronics, Inc.
- Samsung Electronics Co., Ltd.