Floor Care Robotics Market Surges in 2017
Subscribe To Read This Insight1Q 2018 | IN-5071
Homecare Robots Continue to Dominate |
NEWS |
Though in terms of shipments it is the second largest segment of the consumer robotics market (MD-CROB-104), homecare robots (exemplified by iRobot) are the primary revenue driver for the market. What is more, based on ABI Research’s recent forecasts, that growth is tipped to accelerate, following a banner year of revenue and shipment growth from floor care market leader iRobot. From 2016 to 2017, iRobot’s yearly revenue jumped from US$2.93 billion to US$3.69 billion, a major increase on returns from previous years.
While iRobot dominates the American and European markets, Chinese manufacturers such as Ecovacs are beginning to post comparable shipment figures, and long term, Asia-Pacific will closely match North America and Europe in market share for homecare robots, with a projected 32.3% market share by 2026. Overall, the total...
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