Household Robots Market Size, Share & Industry Trends

Updated on : Oct 22, 2024

The global household robots market size is valued at USD 10.3 billion in 2023 and is anticipated to USD 24.5 billion by 2028; growing at a CAGR of 18.8% during the forecast period from 2023 to 2029.

A growing focus on improving the endurance capability of robots is a major opportunity for the household robots industry. Currently these robots can operate for a short period of 1-2 hours when they are fully charged. Companies have the opportunity to work on charging capabilities and get an edge over others in the market.

Household Robot Market Forecast to 2028

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Household Robots Market Trends

Driver: Rising demand for robots in domestic segment

Robotics has witnessed a huge leap in usability and convenience with the introduction of technologies such as the Simultaneous Localization and Mapping (SLAM) algorithm and Artificial Intelligence.

Such technologies have been adopted by major market players to bring key innovations to their product offerings. Consumers want to spend less time or completely avoid household chores, such as vacuuming, pool cleaning, and mowing, which has a direct impact on the growing need for domestic robots, maximizing their revenue potential.

As these robots are used for indoor as well as outdoor household activities, their area of operation is limited. Since these robots are more cost-efficient and long-lasting in comparison to hired domestic help, the adoption rate of these robots has been increasing significantly over the past few years.

Restraint: Legal safety and data protection regulations

Regulatory issue related to the protection of data collected by robots has come into the picture in the last 2–3 years. For instance, in May 2018, the European Union and European Parliament approved General Data Protection Regulation (GDPR).

The regulation helps to protect the personal information of individuals within the European Union and provides guidelines for the control of citizen and resident data. The household robots collect data such as the floor plan of a house and garden through smartphone applications integrated with the robots. This personal information may be compromised if the data is not stored or managed using authentic applications.

Opportunity: Various upgrades to household robots in elderly assistance application

The rapid increase in the number of the aging population due to better healthcare in developed countries, such as the US and Japan is driving the need for medical assistance robots for home deployment.

According to the Statistics Bureau of Japan, the population of elderly citizens (65 and over) constituted about 28.8% of the total population in 2020, which has surpassed the proportion of children (14 and younger) in the country.

This also implies that there are fewer people to look after the elderly. It is estimated by the Administration of Ageing that more than 25% of the population in the US will be above 65 years by 2060. The US Census Bureau forecasts that every 1 in 5 residents will be of retirement age and the elderly people will outnumber children by 2030.

Challenge: Making household robots affordable and available globally

In several developing countries, due to lower per capita income and government taxes, affordability for consumers remains a challenge due to the high cost of acquiring consumer products. In India, the import duty could be as high as 27%. In several countries, hiring domestic help is much more economical.

The availability of such products is also limited and they are mostly sold by third-party retailers and online stores. Even multinational companies such as Samsung Electronics Co., Ltd., and LG Electronics Inc. offer robots such as POWERbot and HOM-BOT that are not globally available and are mostly offered online through third-party sites such as Amazon (US) or brick-and-mortar stores. Strong players in this segment, such as Ecovacs Robotics Co., Ltd., and Neato Robotics, Inc., who have witnessed success in the US market, have also not officially made their products available worldwide.

Household Robots Market Map:

Online distribution channel to capture the largest market growth of the household robot market during the forecast period.

The online channel includes the sale of household robots through the websites of companies, and various e-commerce platforms such as Amazon, Croma, Best Buy, and eBay. Customers can easily review the product with specifications and designs and can order online. Companies usually provide setup and installation services for smart appliances.  

The online channel offers the convenience and accessibility that make them an ideal space for marketing and selling robots. Consumers can easily browse through a wide range of options, compare features, read reviews, and make purchases without leaving their homes.

Service segment to have significant CAGR growth of the market during the forecast period.

In terms of offering services to is significant CAGR growth during the forecast period. This segment aims to provide ongoing assistance and improvements beyond the initial purchase like customer support which involves providing assistance to customers regarding product inquiries, troubleshooting, technical support, and general guidance.

It could be through online resources, dedicated helplines, chat support, or even in-person assistance in some cases. Maintenance and repair which includes services related to maintaining the robot's functionality, including software updates, hardware repairs, or replacements if necessary. Some companies offer warranties or service contracts that cover maintenance or repairs for a specific period after purchase.

Asia Pacific region to witness the highest market size during the forecast period

Asia Pacific countries, particularly Japan, South Korea, China, and Singapore, are known for their advancements in technology. These nations have been at the forefront of robotics research and development, fostering a conducive environment for innovation in household robotics.

Growing interest from consumers in Singapore for robotic vacuums has led to new players entering the market space. Even in countries such as Japan, where the initial adoption was slower than expected, the market for robotic vacuums is projected to witness significant growth potential.

Household Robot Market by Region

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Top Household Robots Companies - Key Market Players

The key players in the household robots companies are

• iRobot Corporation (US),
• Ecovacs Robotics Co., Ltd. (China),
• Xiaomi Corporation (China),
• Maytronics, Ltd. (Israel),
• Samsung Electronics Co., Ltd. (South Korea),
• Neato robotics, Inc. (US),
• Dyson Limited (Singapore),
• LG Electronics Inc. (South Korea),
• LEGO A/S (Denmark),
• Hayward Holdings, Inc. (US), etc.

Household Robot Market Report Scope

Household Robots Market Highlights

Recent Developments in Household Robots Industry

• In September 2023, Samsung Electronics Co., Ltd. announced the launch of its new Jet™ Cordless Vacuum range, the Jet™ 65, 75E, 85 and 95. It has lightweight designs than previous models, increased power, and pet tools as standard. The latest Jet™ Cordless vacuum range is set to deliver a hygienic cleaning solution for all homes.
• In March 2023, Dyson Limited announced its presence in Colombia and the first availability of its full hair care product lineup and high-performing cord-free vacuum cleaners. This latest investment will help the company to expand footprint in the Latin American region.
• In June 2022, LG Electronics jumped into the logistics robot market in cooperation with CJ Logistics (South Korea), a major logistics company that has used artificial intelligence, big data, and robots for digital transformation. The two companies would push for the joint development of an order-picking system based on autonomous driving robots, establish optimized robot operation processes for each logistics base, and expand the application of robot solutions in logistics centers.
• In June 2022, LEGO A/S announced to build of a new toy brick factory in Chesterfield County, Virginia. The plant will cost USD 1 billion over 10 years and will employ more than 1,760 people. Lego projects production of the company’s colorful bricks will start in the second half of 2025. The Virginia factory will be the Danish company’s first in the United States, and it's second in the Americas after LEGO’s existing factory in Monterrey, Mexico.

Critical questions answered by this report:

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