Cleaning Robot Market Growth Projected at 15.3% CAGR to 2020 Driven By Rise in Labor Costs
Cleaning Robot Market by Product (Floor Robot, Pool Robot, Window Robot, Lawn Robot, Others), by Vertical (Residential, Commercial, Industrial, Healthcare, Others), by Region (North America, Europe, Asia-Pacific, RoW) – Global Forecast to 2020.
Pune, India – October 16, 2015 /MarketersMedia/ —
The cleaning robot market was valued at USD 1.04 billion in 2014, and is expected to reach USD 2.50 billion by 2020, at a CAGR of 15.3% from 2015 to 2020. The growth of cleaning robot market is propelled by drivers such increase in demand of cleaning robot owing to the rise in labor costs.
Complete report on cleaning robot market spread across 148 pages, profiling 10 companies and supported with 65 tables and 97 figures is now available at http://www.rnrmarketresearch.com/cleaning-robot-market-by-product-floor-robot-pool-robot-window-robot-lawn-robot-others-by-vertical-residential-commercial-industrial-healthcare-others-by-region-north-america-europe-asia-pacific-row-global-forecast-to-2020-market-report.html .
The cleaning robot market is segmented based on geography into four different regions, namely, North America, Europe, Asia-Pacific, RoW. The North American region held the largest share of 39.9% in the cleaning robot market, in 2014. The growth of the cleaning robot market in North America is driven by various factors, such as the presence of well-established cleaning robot manufacturers and high labor costs. The European cleaning robot market accounted for a share of 26.0% of the global cleaning robot market in 2014.
Three major aspects of the complete cleaning robot market are covered in this report. Market overview and industry trends, along with market dynamics and additional qualitative analysis account for Market Analysis. The Market classification encompasses segmentation & sub-segmentation of the market by product, vertical, and region. Lastly, the current market is covered with a detailed competitive landscape and company profiles of all key players across the ecosystem.
This report will cater to the needs of leading operators, contractors, and service providers in the cleaning robot market. Other parties that could benefit from the report include government bodies, environmental agencies, consulting firms, business development executives, C-level employees and VPs. The cleaning robot market report will help to analyze new opportunities and potential revenue sources and enhance the decision making process for new business strategies. The quantitative and qualitative information in the report along with the comprehensive analysis will assist to stay competitive in the market.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.
From an insightful perspective, this research report has focused on various levels of analysis—industry analysis, market share analysis of top players, company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high growth segments of the global cleaning robot market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
Some of the companies involved in the market include Dyson Ltd. (Cotswolds, U.K.), Ecovacs Robotics, Inc. (U.S.), Infinuvo (U.S.), iRobot Corporation (Bedford, U.S.), Koninklijke Philips N.V. (Netherlands), LG Electronics, Inc. (Seoul, South Korea), Neato Robotics, Inc. (Newark, U.S.). Order a copy of Cleaning Robot Market by Product (floor robot, pool robot, window robot, lawn robot, others), by Vertical (residential, commercial, industrial, healthcare, others), by Region (North America, Europe, Asia-Pacific, RoW) – Global Forecast to 2020 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=420875 .
On a related note, Smart Robots Market forecasts at an estimated CAGR of 19.22% between 2015 and 2020 for smart robots industry. The report also discusses the future road-map of the global smart robots market with respect to the upcoming technologies, potential markets, and applications for the same. iRobot Corporation (U.S.), DeLaval (Sweden), Lely (The Netherlands), KUKA AG (Germany), Amazon (U.S.) Honda (Japan), Kongsberg Maritime (Norway), Google Inc. (U.S.) are companies mentioned in this 148 pages research available at http://www.rnrmarketresearch.com/smart-robots-market-by-component-software-hardware-application-collaborative-industrial-robots-personal-service-robots-professional-service-robots-by-geography-north-america-europe-apac-row-analysis-forecast-to-2020-market-report.html .
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