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Increase in Product Innovations Driving Growth in the Residential Robotic Vacuum Cleaner Market in Western Europe

Reportstack has announced a new market research 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,”.

“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, the 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.

Complete report available @ Residential Robotic Vacuum Cleaner Market in Western Europe 2014-2018.