Global Cleaning Robots Market: Snapshot
Perhaps a substantial drive for the cleaning robots market
stems from the vast commercialization of robotic vacuum cleaners. Advances in
engineering of robotics have further made them reliable, easy-to-operate, and
useful in daily cleaning needs particularly in floor cleaning schedules in home
as well as industrial settings. Further, strides in commercialization were
witnessed in the use of cleaning robots in industrial environments that are
characterized by hazardous work. Automation of industrial cleaning processes
has stoked the popularity of cleaning robots. Of special significance in the
growth of the cleaning
robots market is use of new proprietary software, advances made
in 3D sensors and cameras, and deft use of artificial intelligence. The
transformative potential of cleaning robots in household chores is underpinning
the growing potential in the market.
The dynamic shaping the key end-use industry demand has
impacted the recent spate of product launches in the cleaning robots market.
This is comprehensively analysed in an in-depth study on the market. The
analysis also takes a closer look at technological advancements that make
cleaning robots smarter.
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Global Cleaning Robots Market: Notable Developments
Over the years, manufacturers of cleaning robots have
flourished on the back of sizable funding they have able to secure on advancing
the hardware and software. This has expedited the development of autonomous
cleaning robots with more functionality and at attractive price points.
Particularly, the trend is notable in the advent of new commercial cleaning
robots that find applications in airports, malls, warehouses, and universities.
The following development is one case in point.
Avidbots, a Canada-based company that has focused long on
robotics for commercial cleaning work, announced in early 2019 that it has
bagged $23.6 million in Series B funding. The investor round is led by True
Ventures, a company showing keen interest in the vast potential of cleaning
robots market. Areas of focus will include talent acquisition, engineering of
new designs, sales and marketing of novel technologies. With this funding, the
company intends to meet a wide range of worldwide demands for cleaning robots.
Further, such funding will help it expand its product portfolio.
Numerous other key manufacturers of commercial floor
cleaning robots, especially in the U.S., are also in the race to secure venture
capital, which they invest in developing their propriety software and hardware.
Global Cleaning Robots Market: Growth Dynamics
A large degree of momentum in the global cleaning robots
market has come from the growing popularity of home robot. According to a
non-profit organization, the International Federation of Robotics has projected
the market for personal household service robots to surpass $10 bn by 2020-end.
This lays a strong groundwork for the evolution of the cleaning robots market.
Over the years, manufacturers have launched cleaning robots
with an array of features that make cleaning robots easy to control, such as
through the voice command of Alexa. Technological advances have improved the
sensing abilities of cleaning robots, thus making it more reliable. Further,
adoption of advanced sensors in recent years has also resulted in cleaning
robots with better obstacle detection capability.
Venture capital has proved to be vital for driving product
developments in industrial automation. Adoption of cloud technologies has
helped end users in the cleaning robots market take the advantage of automatic
software updates. Emerging new robot vacuum concepts has imparted momentum to
research and development in the cleaning robots market.
Global Cleaning Robots Market: Regional
Analysis
Some of the key regional markets for cleaning robots are
North America, Asia Pacific, Latin America, Europe, and the Middle East and
Africa. Of these, North America has been showing incredible potential in the
global cleaning robots market with demands for technologically-advanced home
robotics. Growing inclination of adopting robotics for household cleaning
chores in numerous economies of Asia Pacific is also helping expand the
potential of the regional market.
This study by TMR is all-encompassing framework of the
dynamics of the market. It mainly comprises critical assessment of consumers'
or customers' journeys, current and emerging avenues, and strategic framework
to enable CXOs take effective decisions.
Our key underpinning
is the 4-Quadrant Framework EIRS that offers detailed visualization of four
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Maps
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and Tools based on data-driven research
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Frameworks to boost the growth journey
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The study strives to evaluate the current and future growth
prospects, untapped avenues, factors shaping their revenue potential, and
demand and consumption patterns in the global market by breaking it into
region-wise assessment.
The following
regional segments are covered comprehensively:
- North
America
- Asia
Pacific
- Europe
- Latin
America
- The
Middle East and Africa
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