Household Robot Market Synopsis

Household Robot Market Size Was Valued at USD 11.1 Billion in 2023, and is Projected to Reach USD 44.9 Billion by 2032, Growing at a CAGR of 16.8% From 2024-2032.

Household robots refers to home use robots which are devices that are indented to be used domestically. These robots are service-, fun-, and task-oriented and meant to improve the quality, productivity, and general well-being of the individual and his/her family. Household robots are endow with sophisticated technologies, sensors and artificial intelligence to perform assigned task in modified, fully autonomous or semi-automated manner.

Household robots are replacing human labor force in the aspect of consistence, other than being productive and faster in completing the task at hand. Moreover, repetitive work cause non-interested and boring with a situation lead them careless and not motivation to do the job which is avoided with robots as they are programmed for a specific task that enhance the market growth.

• As the technologies are getting advanced, manufacturer pay much more attention to prepare robots with high endurance. Currently robots use nickel-metal hydride batteries as less toxic metal and high power generation help but it only let the robots to operate a few hours only. Many companies await the transition to the use of Li-ion batteries as they can be charged rapidly and power devices for a longer time.
• The smart home concept has been increasing rapidly and because of this, Robotics is to be expected to have a significant impact in the entire smart home market. Probably the key factor that has fuelled the growth of the market is the cut back on home tasks due to utilization of robotic vacuum cleaners. Many households in the current society are computerized and this has made things easier and some of the work at home like washing being minimized. Despite the advancement of vacuum cleaners that have drastically reduced the challenges associated with house cleaning, they are noisy and cumbersome during common use.
• In addition, the growth of the market is set by the growing investment by companies across the world in the production of household robots for different uses. For example, introduced in May 2022, Dyson – a British company – showcased the concept of home robots intended for performing home chores. The company also disclosed it intends to undertake the construction of the largest robot research and development center in UK.

Household Robot Market Trend Analysis

Increasing Smart Home Technology Demands Drive Domestic Robot Growth

• Helping elders with their personal cares and needs, responding to the growing population aging issue, and to enable them to live on their own have enhanced the overall perception of household robots. A demographic change is making Western and East Asian countries bigger markets for home robot manufacturers and suppliers through the projected years.
• Innovations in gesture detection and natural language processing software makes domestic robots to be easier to control and friendly. Nonetheless, to ensure that only safe and ethical robots are in the homes and other spaces, regulatory frameworks are now under development in several parts. With people having a desire for automatic and interconnected homes in recent years, there has been an influx of smart homes requirements.

Technological advancements Drive the Market

• The potential of home robots can be realized through the enhancement of cognition, interaction and manipulation technology. Thus, it is technology and other component suppliers that have contributed to the development of the robotics ecosystem. Advancements in home appliances, high costs of labor and elevated risks of safety breaches are some of the factors that are making domestic robots more common. There is an increased appetite for household robots in the global market today. In accordance with the tendencies observed in connection with the so-called smart home concept, it is possible that the robot will occupy a significant place in the concept of smart home.
• Blended with the amazon’s Alexa virtual personal assistant technology and with AI face and speech recognition, the temi home robot constructs a mobile smart home hub which is expected to revolutionize human-machine interface. Another factor influencing the demand for Household Robot Market is increasing advantages by businesses worldwide for developing household robots system for different uses.

Household Robot Market Segment Analysis:

Household Robot Market Segmented based on Offering, Type, Distribution Channel, and Application.

By Offering, Product segment is expected to dominate the market during the forecast period

• The product segment will be the largest market during the forecast period owing to the increasing consumers’ shift towards the robotic technology that minimum steering by human. Futhermore, the increase in working women has enabled developed countries to embrace the use of autonomous and smart products.
• Additionally, the need to perform tasks from a distance is another feature that is continuously forming different lines of household robots. For instance, iRobot worked with google and incorporated Google’s AI helper to maintain the robots by voice and enhance functionality of daily operations.
• In addition, the use of software application bots with artificial intelligence and cognitive learning is being embraced actively by many companies to meet the need of the urban dwellers. For instance, current key players like Samsung and LG electronics have been investing significantly in possibly launching new household robotic products; such factors are presumed to foster segment growth.

By Type, Domestic robots segment held the largest share in 2023

• The most common type of a domestic robot is the smart vacuum and although, they are autonomous in that they move and operate on their own, they are still very much supervised robots. This sort of household robot is capable of moving circular within a room floor to clean the carpet and hard wood and all other sorts of floor. These robots are also implemented in home security systems.
• The demand for domestic robots likewise depends on the new trends in lifestyles apparent that includes both developed and developing nations. Besides, it is evident that domestic robots are useful in… Other tasks that are carried out effectively include mowing, washing floors and windows, among others.
• In addition, these robots also companion kids and the older persons and relaxes them and reminds them to take their respective medications, controlling their conduct and thus increasing the global consumption rates and hence the market growth.

Household Robot Market Regional Insights:

Asia-Pacific is Expected to Dominate the Market Over the Forecast period

• The Asia-Pacific region shall be the most significant market and the fastest-growing one owing to the growing population, booming urbanization, and the deployment of smart solutions. They have strong manufacturing activity and increasing focus on technology products especially the increasing tech manufacturing capability making them highly involved in the creation and use of household robots. In addition, increase in the disposable income and change in trend of the lifestyles have been increasing the demand of the automated solutions in their homes that, in turn have positively impacted the growth of the Asia Pacific market.
• Currently, the Asia Pacific region holds the largest share of global household robots and is predicted to grow at a faster pace in the given time period due to the burgeoning demand for advanced technologies, and the increasing income of people. Further, segment growth is being supported by a continuous rise of cleaning robots in China and its regions. Cohesion and complex countries such as China and India transform their schooling systems and fund enhancement to back up human-added and Robot workforce.
• Recently, data obtained from the International Monetary Fund (IMF) suggest that China has become the largest consumer of these robots and can account for 50 percent of the entire Asia usage of these devices trailed by Korea and Japan. Also, the increasing need for household cleaning products, home security systems to monitor and control access to homes in China, Japan, South Korea, and India has become a key factor in the demand for the product.

Active Key Players in the Household Robot Market

• Samsung Electronics Co. Ltd (South Korea)
• iRobot (US)
• Neato (US)
• LG Electronics Inc (South Korea)
• Ecovacs (China)
• Dyson (UK)
• Alfred Kärcher (Germany)
• Lego (Denmark)
• John Deere (US)
• iLife Innovation (China)
• BSH Hausgeräte (Germany)
• Miele (Germany)
• Robomow (Israel)
• Blue Frog Robotics (France)
• Husqvarna (Sweden)
• Other Key Players

Key Industry Developments in the Household Robot Market:

• In December 2023, LG Company announced that it plans to introduce the newest product of the company at the Consumer Electronics Show (CES) 2024 and it will be a smart home AI agent. Heating and lighting can now be remotely controlled through a robotic device that uses artificial intelligence and multifunctional technology, according to this company. It is based on the Qualcomm Robotics RB5 Platform and includes a speaker, camera, as well as numerous sensors to be a friend and the bond’s manager. Furthermore, since this product is designed in the form of two legged wheel, it can operate on its own and is quite portable and self sufficient and hence would be well suitable for home use.
• In June 2023, a Japanese firm concerned in synthetic intelligence launched a family robotic, which might be set to perform household chores from voice commands. This new rectangular robot that has emerged in the market was developed and marketed by the Tokyo-based Preferred Robotics Company under the trade name Kachaka. It is fixed under a specially designed table with castor stands for easier movements, commonly used table size as that of a robotic vacuum cleaner.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Household Robot Market by Offering
 4.1 Household Robot Market Snapshot and Growth Engine
 4.2 Household Robot Market Overview
 4.3 Product&Services
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Product&Services: Geographic Segmentation Analysis

Chapter 5: Household Robot Market by Type
 5.1 Household Robot Market Snapshot and Growth Engine
 5.2 Household Robot Market Overview
 5.3 Domestic
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Domestic: Geographic Segmentation Analysis
 5.4 Entertainment
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Entertainment: Geographic Segmentation Analysis
 5.5 Leisure
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Leisure: Geographic Segmentation Analysis

Chapter 6: Household Robot Market by Distribution Channel
 6.1 Household Robot Market Snapshot and Growth Engine
 6.2 Household Robot Market Overview
 6.3 Online&Offline
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Online&Offline: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Household Robot Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 SAMSUNG ELECTRONICS COLTD
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 IROBOT
 7.4 NEATO
 7.5 LG ELECTRONICS INC
 7.6 ECOVACS
 7.7 DYSON
 7.8 ALFRED KÄRCHER
 7.9 LEGO
 7.10 JOHN DEERE
 7.11 ILIFE INNOVATION
 7.12 BSH HAUSGERÄTE
 7.13 MIELE
 7.14 ROBOMOW
 7.15 BLUE FROG ROBOTICS
 7.16 HUSQVARNA
 7.17 OTHER ACTIVE PLAYERS

Chapter 8: Global Household Robot Market By Region
 8.1 Overview
 8.2. North America Household Robot Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Offering
   8.2.4.1 Product&Services
  8.2.5 Historic and Forecasted Market Size By Type
   8.2.5.1 Domestic
   8.2.5.2 Entertainment
   8.2.5.3 Leisure
  8.2.6 Historic and Forecasted Market Size By Distribution Channel
   8.2.6.1 Online&Offline
  8.2.7 Historic and Forecast Market Size by Country
   8.2.7.1 US
   8.2.7.2 Canada
   8.2.7.3 Mexico
 8.3. Eastern Europe Household Robot Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Offering
   8.3.4.1 Product&Services
  8.3.5 Historic and Forecasted Market Size By Type
   8.3.5.1 Domestic
   8.3.5.2 Entertainment
   8.3.5.3 Leisure
  8.3.6 Historic and Forecasted Market Size By Distribution Channel
   8.3.6.1 Online&Offline
  8.3.7 Historic and Forecast Market Size by Country
   8.3.7.1 Bulgaria
   8.3.7.2 The Czech Republic
   8.3.7.3 Hungary
   8.3.7.4 Poland
   8.3.7.5 Romania
   8.3.7.6 Rest of Eastern Europe
 8.4. Western Europe Household Robot Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Offering
   8.4.4.1 Product&Services
  8.4.5 Historic and Forecasted Market Size By Type
   8.4.5.1 Domestic
   8.4.5.2 Entertainment
   8.4.5.3 Leisure
  8.4.6 Historic and Forecasted Market Size By Distribution Channel
   8.4.6.1 Online&Offline
  8.4.7 Historic and Forecast Market Size by Country
   8.4.7.1 Germany
   8.4.7.2 UK
   8.4.7.3 France
   8.4.7.4 Netherlands
   8.4.7.5 Italy
   8.4.7.6 Russia
   8.4.7.7 Spain
   8.4.7.8 Rest of Western Europe
 8.5. Asia Pacific Household Robot Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Offering
   8.5.4.1 Product&Services
  8.5.5 Historic and Forecasted Market Size By Type
   8.5.5.1 Domestic
   8.5.5.2 Entertainment
   8.5.5.3 Leisure
  8.5.6 Historic and Forecasted Market Size By Distribution Channel
   8.5.6.1 Online&Offline
  8.5.7 Historic and Forecast Market Size by Country
   8.5.7.1 China
   8.5.7.2 India
   8.5.7.3 Japan
   8.5.7.4 South Korea
   8.5.7.5 Malaysia
   8.5.7.6 Thailand
   8.5.7.7 Vietnam
   8.5.7.8 The Philippines
   8.5.7.9 Australia
   8.5.7.10 New Zealand
   8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Household Robot Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Offering
   8.6.4.1 Product&Services
  8.6.5 Historic and Forecasted Market Size By Type
   8.6.5.1 Domestic
   8.6.5.2 Entertainment
   8.6.5.3 Leisure
  8.6.6 Historic and Forecasted Market Size By Distribution Channel
   8.6.6.1 Online&Offline
  8.6.7 Historic and Forecast Market Size by Country
   8.6.7.1 Turkey
   8.6.7.2 Bahrain
   8.6.7.3 Kuwait
   8.6.7.4 Saudi Arabia
   8.6.7.5 Qatar
   8.6.7.6 UAE
   8.6.7.7 Israel
   8.6.7.8 South Africa
 8.7. South America Household Robot Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Offering
   8.7.4.1 Product&Services
  8.7.5 Historic and Forecasted Market Size By Type
   8.7.5.1 Domestic
   8.7.5.2 Entertainment
   8.7.5.3 Leisure
  8.7.6 Historic and Forecasted Market Size By Distribution Channel
   8.7.6.1 Online&Offline
  8.7.7 Historic and Forecast Market Size by Country
   8.7.7.1 Brazil
   8.7.7.2 Argentina
   8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research