India Robotic Vacuum Cleaner Market to Grow Ten-Fold by 2028
Published | 02 September 2022
India robotic vacuum cleaner market is growing at a high CAGR because of the adoption of automated products, growing trend of smart home devices, and technological advancements in the robotics industry. Moreover, changing lifestyle, high disposable income, growing working population, decreased time for household activities, rising purchasing power, and ease of usage is also driving the growth of the India robotic vacuum cleaner market.
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the India robotic vacuum cleaner market is projected to grow at a CAGR of 43.7%, during the forecast period. The India robotic vacuum cleaner market is booming because of the adoption of automated products, the growing trend of smart home devices, and technological advancements in the robotics industry. Furthermore, the changing lifestyle, high disposable income, growing working population, decreased time for household activities, rising purchasing power, and ease of usage are also propelling the growth of the India robotic vacuum cleaner market.
Growing Technological Advancements in Robotic Technology, Adoption of Automated Products and Growing Trend of Smart Home Devices to Drive the Market Growth
The research and development in the robotics industry aid in the production of robotic vacuum cleaners with innovative features such as anti-drop, anti-winding, anti-wining, and mapping ability. Moreover, the modern robotic vacuum cleaners are integrated with mobile applications, sensors, voice recognition, camera, radar, laser-guided systems, and gyroscope. For example, the Proscenic 850T WiFi Connected Robot Vacuum Cleaner has IPANS 2.0 intelligent cleaning system. It has WiFi connectivity, voice assistance, and compatibility with Alexa and Google Home. This enables it to create a floor map, prevent cleaning in prohibited areas and update the areas that have already been cleaned to avoid the repetition of cleaning. Moreover, the introduction of robotic vacuum cleaners like ILIFE V5s Pro, which can mop wet floors and clean floors simultaneously, is expected to drive market growth.
Nowadays, robotic vacuum cleaners offer new features such as WiFi connectivity, AI features, voice assistance, UV sterilization, compatibility with Google voice assistant and Alexa, etc. This enables the consumer to have better control and customize the product operations for better cleaning. The changing lifestyle of the population is also an important growth driver. Due to the growing working population, the time for household activities has decreased, disposable income has increased, purchasing power has increased, and people are opting for robotic vacuum cleaners as they clean without human intervention. For instance, iRobot Roomba 692 Vacuum Cleaning Robot recommends cleaning schedules, learns the owner’s cleaning habits, navigates itself to the charging point, and suggests innovative ideas like extra cleaning during allergy season. This makes robotic vacuum cleaners an attraction among the busy working population, thus driving the market growth.
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India Robotic Vacuum Cleaner Market - By Distribution Channel
On the basis of distribution channels, the India robotic vacuum cleaner market is segmented into online and offline. Amidst the segmentation, the offline distribution segment accounted for the larger market share in 2021 due to the trust and confidence gained by offline service companies by providing top-notch customer service. On the other hand, the online distribution segment is expected to grow with the highest CAGR during the forecast period 2022-2028 due to the growth of e-commerce and the increasing trust of people in e-commerce.
Impact of COVID-19 on India Robotic Vacuum Cleaner Market
As a result of the COVID-19 pandemic, the world witnessed one of the worst recessions since WW2. The India robotic vacuum cleaner market was affected during the Covid-19 pandemic. The manufacturing companies of the robotic industry were compelled to shut down temporarily. The industry workers returned to their native places. Eventually, the supply chain was disrupted. Later, the demand for robotic vacuum cleaners increased among residential end-users for cleaning purposes due to the rapid spread of the Covid-19 virus. The manufacturing companies revolutionized their robotic vacuum cleaners with UV sterilization features to protect against germs to maintain hygiene. However, in 2021, after the withdrawal of lockdown restrictions, the use of robotic vacuum cleaners for commercial purposes bolstered the market.
Competitive Landscape
The key players operating in India robotic vacuum cleaner market are Puresight Systems Pvt Ltd, Eureka Forbes Ltd, Frootle India Private Limited, Milagrow Business & Knowledge Solutions Private Limited, Philips India Limited, Anker Innovations Ltd, Libra Appliances Private Limited, Shariden Private Limited, and other prominent players. The key players have adopted various strategies like innovation, facility expansion, product diversification, investments, alliances, collaborations, acquisitions, and partnerships to expand their customer base and gain a competitive advantage in the overall market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the India robotic vacuum cleaner market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India robotic vacuum cleaner market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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