Household Robots Market to Surpass USD 48.85 billion by
From GlobeNewswire: 2025-05-05 03:58:00
The Household Robots Market is set to grow exponentially, with a projected value of USD 48.85 Billion by 2032 from USD 10.15 Billion in 2023. This growth is driven by the increasing demand for automation in homes, integration of smart technology, and changing urban lifestyles. The market is expected to grow at a CAGR of 19.10% from 2024 to 2032, with the U.S. market reaching USD 7.11 billion in 2023.
The rise of smart household robots is revolutionizing the way people manage their homes, with technologies like Robot Operating Systems (ROS) and advanced sensors enhancing navigation and interaction within smart home ecosystems. The market is projected to grow at a CAGR of 8.29% in the U.S., driven by convenience, an aging population, and post-pandemic hygiene awareness. Products like the iRobot Roomba Combo 10 Max exemplify the trend towards multifunctional household automation.
The household robots market is dominated by key players like iRobot, Samsung Electronics, LG Electronics, and Ecovacs Robotics. These companies offer a range of products like robotic vacuum cleaners, lawn mowers, and pool cleaners. The market is segmented by offering, type, distribution channel, and application, with a focus on domestic robots for tasks like vacuuming and cleaning. Online channels are leading in sales, but offline channels are expected to grow rapidly from 2024 to 2032.
North America holds a significant share of the household robots market, driven by advanced technology adoption and a tech-savvy consumer base. Companies like iRobot lead the market with innovative solutions. In contrast, the Asia Pacific region is expected to grow rapidly due to urbanization, rising incomes, and technological advancements. Countries like China, Japan, and South Korea are driving growth through cost-effective robotic solutions and AI integration.
Recent developments in the household robots market include Samsung’s Home AI Companion Robot ‘Ballie,’ which leverages Google Cloud’s generative AI for enhanced capabilities, and LG Electronics’ acquisition of Bear Robotics to enhance its robotics capabilities. These developments showcase the industry’s focus on innovation and integration of advanced technologies to meet consumer needs.
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