Latin America Robotic Vacuum Cleaner Market Size & Outlook
Latin America robotic vacuum cleaner market, 2017-2030 (US$M)
Related Markets
Latin America robotic vacuum cleaner market highlights
- The Latin America robotic vacuum cleaner market generated a revenue of USD 77.7 million in 2021.
- The market is expected to grow at a CAGR of 18.6% from 2022 to 2030.
- In terms of segment, floor vacuum cleaner was the largest revenue generating type in 2021.
- Floor Vacuum Cleaner is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 77.7 million |
| Market revenue in 2030 | USD 360.9 million |
| Growth rate | 18.6% (CAGR from 2021 to 2030) |
| Largest segment | Floor vacuum cleaner |
| Fastest growing segment | Floor Vacuum Cleaner |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Floor Vacuum Cleaner, Pool Vacuum Cleaner |
| Key market players worldwide | IRobot Corp, Xiaomi Corp Class B, Neato Robotics, Panasonic Holdings Corp, Samsung Electronics Co Ltd, Dyson, Ecovacs, Roborock, Cecotec |
Other key industry trends
- In terms of revenue, Latin America region accounted for 1.7% of the global robotic vacuum cleaner market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 13,793.8 million by 2030.
Floor vacuum cleaner was the largest segment with a revenue share of 60.49% in 2021. Horizon Databook has segmented the Latin America robotic vacuum cleaner market based on floor vacuum cleaner, pool vacuum cleaner covering the revenue growth of each sub-segment from 2017 to 2030.
In Central & South America, the market is expected to grow at a slower rate compared to other regions due to the lower spending capacity of the population on technologies and smart solutions for the home environment.
However, the development of sustainability-centered frameworks within the region will likely drive the demand for energy-efficient household appliances. Furthermore, according to Euromonitor's Economies and Consumers annual data, the number of single-person households is rising at a greater pace compared to other household formats like single parent and couples with children.
The sociodemographic trends might bring new opportunities for the market since households with single member will likely drive the adoption of robotic cleaning solutions for their homes.
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Robotic Vacuum Cleaner Market Scope
Robotic Vacuum Cleaner Market Companies
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Latin America robotic vacuum cleaner market size, by country, 2017-2030 (US$M)
Latin America Robotic Vacuum Cleaner Market Outlook Share, 2021 & 2030 (US$M)
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