South Korea Robotic Vacuum Cleaner Market Size & Outlook
South Korea robotic vacuum cleaner market, 2017-2030 (US$M)
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South Korea robotic vacuum cleaner market highlights
- The South Korea robotic vacuum cleaner market generated a revenue of USD 96.3 million in 2021 and is expected to reach USD 696.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 24.6% 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.
Robotic vacuum cleaner market data book summary
| Market revenue in 2021 | USD 96.3 million |
| Market revenue in 2030 | USD 696.6 million |
| Growth rate | 24.6% (CAGR from 2021 to 2030) |
| Largest segment | Floor vacuum cleaner |
| Fastest growing segment | Floor Vacuum Cleaner |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 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, South Korea accounted for 2.1% of the global robotic vacuum cleaner market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China robotic vacuum cleaner market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,072.1 million by 2030.
Floor vacuum cleaner was the largest segment with a revenue share of 60.54% in 2021. Horizon Databook has segmented the South Korea robotic vacuum cleaner market based on floor vacuum cleaner, pool vacuum cleaner covering the revenue growth of each sub-segment from 2017 to 2030.
Some of the leading technology and home appliance companies are based in the country and are constantly investing in the research and development of better and more efficient products.
Apart from this, South Korea has a high rate of smartphone and internet adoption, which promotes online shopping. In response, an increasing number of home appliance brands have been focusing on e-commerce platforms to connect with both domestic and international consumers.
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Robotic Vacuum Cleaner Market Scope
Robotic Vacuum Cleaner Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea robotic vacuum cleaner market size, by type, 2017-2030 (US$M)
South Korea Robotic Vacuum Cleaner Market Outlook Share, 2021 & 2030 (US$M)
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