Residential Robotic Vacuum Cleaner Market Size in Western Europe to Grow by USD 548.97 million, Dyson Ltd. and ILIFE INNOVATION Ltd. Among Key Vendors – Technavio
NEW YORK, Sept. 27, 2022 /PRNewswire/ — The residential robotic vacuum cleaner market has been segmented by product (vacuum cleaner robots and vacuum and mop cleaner robots) and geography (Germany, the UK, the Netherlands, France, and Rest of Western Europe). Germany will account for 37% of the market’s growth during the forecast period. This growth is attributed to factors such as real estate development with smart housing societies and the growing population. Moreover, market share growth in Germany will be faster than the growth of the market in the UK, the Netherlands, France, and Rest of Western Europe.
The residential robotic vacuum cleaner market size in Western Europe is estimated to grow by USD 548.97 million from 2020 to 2025. In addition, the growth momentum of the market will accelerate at a CAGR of 15.09% during the forecast period, according to Technavio.
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The residential robotic vacuum cleaner market in Western Europe report provides complete insights on key vendors including Dyson Ltd., ILIFE INNOVATION Ltd., iRobot Corp., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Neato Robotics Inc., Samsung Electronics Co. Ltd., Robert Bosch GmbH, and Sharp Corp. The key offerings of some of these vendors are listed below:
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The competitive scenario provided in the residential robotic vacuum cleaner market in Western Europe report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include growth strategies, the financial performance of companies over the past few years, new product launches, product innovations, investments, growth in market share, etc.
Factors such as improved functionality and performance with no manual work will be crucial in driving the growth of the market. However, the periodic replacement cost associated with batteries will challenge the market growth during the forecast period.
Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report
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Residential Robotic Vacuum Cleaner Market in Western Europe Scope
Accelerate at a CAGR of 15.09%
Germany, the UK, the Netherlands, France, and Rest of Western Europe
Key consumer countries
Leading companies, competitive strategies, consumer engagement scope
Dyson Ltd., ILIFE INNOVATION Ltd., iRobot Corp., Koninklijke Philips NV, LG Electronics Inc., Neato Robotics Inc., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and Sharp Corp.
Market Dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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