Household Robots market is anticipated to grow at a CAGR of 19.3% during the forecast period (2024-2031). Household Robots can perform duties like cleaning the floor, pool, windows, lawn and can connect to wi-fi networks efficiently used for various purposes, including training, counseling, and entertainment.
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Globally, the increasing need for automation and smart homes, along with advancements in technology, are driving growth in this market. One of the primary growth drivers in the domestic segment is the reduction in costs as the cost of manufacturing robotics technology has decreased over the years due to advancements in materials, production processes, and economies of scale. This reduction in costs has made domestic robots more affordable for consumers also domestic robots optimize space utilization, and improve the overall living standards in urban environments. Lower manufacturing costs translate to more affordable domestic robots for consumers and as prices decrease, a wider range of households can afford to purchase these robots, leading to increased adoption rates and market growth.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Household Robots Market Report Segment
By Type
- Domestic
- Entertainment
- Leisure
By Component
- Hardware
- Software
- Service
By Application
- Vacuuming & Mopping
- Lawn Mowing
- Pool Cleaning
- Companionship
By Distribution Channel
- Online
- Offline
Global Household Robots Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global household robots market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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