At a CAGR of 23%
The global cleaning robot market size is expected to reach USD 36.05 billion in 2028 at a CAGR of 23% during the forecast period, according to the latest report by Emergen Research.
Increasing adoption of smart home devices, rising penetration of advanced technologies such as Internet of Things (IoT), AI, and ML, and improvement in standard of living among individuals across the globe are key factors expected to drive market revenue growth over the forecast period. Rapid technological advancements in robotics, increasing ability to control robots with smartphones, and growing demand for personal and professional cleaning robots across various industries amid the COVID-19 pandemic are some other key factors expected to contribute to revenue growth of the market over the forecast period.
Floor cleaning robot segment is expected to account for the largest revenue share in the global market over the forecast period, attributed to increasing adoption of cleaning robots in residences and hospitals to prevent chances of infections.
Industrial segment is expected to register robust revenue CAGR between 2021 and 2028 owing to rapid industrialization, increasing adoption of cleaning robots across facilities in end-use sectors such as automotive, food & beverage, and manufacturing, among others.
Asia Pacific is expected to register fastest revenue CAGR over the forecast period attributed to increasing demand for and adoption of smart home devices, rising disposable income, and presence of key players in the region.
