Chicago, Oct. 11, 2022 (GLOBE NEWSWIRE) — Household Robots Market is projected to grow from USD 9.2 billion in 2022 to USD 19.3 billion by 2027, at a CAGR of 16.0% during the forecast period from 2022 to 2027, according to a new report by MarketsandMarkets™. The growth of this market is driven by the increasing demand for robots in the domestic segment, growing demand for autonomous robots, increasing government initiatives for the development of robotic technologies, and rising use of IoT in robots for cost-effective predictive maintenance.
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Pool cleaning applications held second-largest share of household robots market in 2021
Pool cleaning applications held the second-largest share of the household robots market in 2021. A robotic pool cleaner is a highly advanced device for cleaning the pool and is seen as a desirable product in the market. Quick, reliable, and easy features are significant factors that boost product demand in the industry. The growth avenues in the global market are attributed to the increasing disposable income worldwide, which further increases their expenditure capacities on the leisure activities, such as swimming and other related trips. These activities encourage increased involvement in swimming and thus bolster the requirement for the equipment and …