Technavio Publishes New Industry Analysis on the Residential Robotic Vacuum Cleaner Market in Western Europe from 2015-2019 | Reuters
Technavio Publishes New Industry Analysis on the Residential Robotic Vacuum Cleaner Market in Western Europe from 2015-2019
Technavio has published a new report on the residential robotic vacuum cleaner market in Western Europe,which is expected to grow at a CAGR of around 9% from 2015-2019.
About the Report
The latest report by Technavio draws attention towards the development of residential robotic vacuum cleaners with sophisticated features, including sensor-based movement, scheduled cleaning, and automatic movement that has gained considerable momentum.
Robotic vacuum cleaners run on infrared sensors that ensure a logical, sequential path in order to avoid obstacles. Thus the demand for robotic vacuum cleaners is on the rise due to the convenience they provide to end-users, says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also pinpoints the decrease in price of residential robotic vacuum cleaners in order to increase the adoption rates among end-users.
While these decrease in price of residential robotic vacuum cleaners will affect vendors' profit margins, these factors are however expected to drive the volume-led overall market growth, adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the residential robotic vacuum cleaner market in Western Europe from 2015-2019. To calculate the market size, it considers revenue generated through the sales of residential robotic vacuum cleaners, such as home cleaning, pool cleaning, and gutter cleaning.
Key Information Covered in the Report:
Key Vendors: iROBOT Samsung BSH Hausgerte LG Market Growth Drivers: Less time available for household activities For a full detailed list, view our report. Market Challenges: Basic nature of residential cleaning routines For a full detailed list, view our report. Market Trends: Decrease in price of residential robotic vacuum cleaners For a full detailed list, view our report.Technaviocurrently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the robotic vacuum cleaner market:
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