London, 21 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Residential Robotic Vacuum Cleaner Market in Western Europe 2014-2018, which is expected to grow at a CAGR of 11.94 percent and 9.67 percent in terms of unit shipment and value, respectively, during the period 2013-2018.
“Threshold climb, barrier recognition system, room-mapping, and room memory are the newer technologies emerging in the market in Western Europe, which enhance the performance of robotic vacuum cleaners, and increase their efficiency and effectiveness,” says Faisal Ghaus, Vice President of TechNavio.
“To circumvent this barrier and encourage purchases, the effective strategy for vendors in the Robotic Vacuum Cleaner market in Western Europe would be to constantly engineer products and incorporate advanced technology during manufacture.”
Key Market Drivers
- Decreased Time for Household Activities
- Increased Functional Flexibility
- New Strategies Adopted by Retailers
- Growth in Tech-savvy Population
Key Market Trends
- Decrease in Prices of Residential Robotic Vacuum Cleaners
- Product Innovations
- Demand for Energy-efficient Devices
- Increased Demand for Residential Robotic Vacuum Cleaners with Room Memory
- Increased Adoption of Smart Home Concept
Key Market Vendors
- Bosch und Siemens Hausgeräte GmbH
- iRobot Corp.
- LG Electronics Inc.
- Neato Robotics Inc.
- Samsung Electronics Co. Ltd.
- Vorwerk and Co. KG
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
