|Cleaning robots are getting more in-demand due to the rise in labor costs for cleaning purposes / Credits: Miriam Doerr Martin Frommherz via Shutterstock|
The demand for cleaning robots has been increasing for years, and it's mainly driven by the growing penetration of automation and artificial intelligence in household applications. Another factor that contributed to the growth of the cleaning robot market is the rising number of working men and women in emerging countries. They needed cleaning devices such as cleaning robots to save time while doing other things.
A recent report by Grand View Research, an India- and US-based market research and consulting company, revealed that the global cleaning robot market size was valued at 2.5 billion in 2018. It is projected that it will reach a CAGR of 14.6% over the forecast period. The growth is driven by innovative practices and growing demand for small size cleaning robots across the world. With the rise in the labor costs for cleaning purposes, companies were forced to look into other alternatives for the cleaning task, elevating the demand for cleaning robots.
Compared to the cost of cleaning laborers employed for residential and commercial purposes of $27,000 a year, a cleaning robot costs around $25,000 only (which is a one-time investment). For the past few years, many companies have introduced their versions of cleaning robots. For instance, companies like Neato Robotics, iRobot Corporation, and Panasonic Corporation have introduced cleaning robots with built-in air purifiers. In March 2017, iRobot Corporation launched iRobot Roomba 614 with an in-built air purifier.
Cleaning robots are also the solution to the changing approach towards household cleaning and maintenance, which now prioritizes the safety of the consumers. In fact, the European Commission (EU) enacted the Toxic Substances Control Act (TSCA), which bans the usage of certain cleaning chemicals by cleaning personnel in commercial and industrial applications. This had resulted in an increased demand for robotic vacuums over the forecast period.
However, there are several factors that are straining the growth of the market. This includes power and battery issues pertinent to these systems and the rise in stringent regulations implemented by the environmental safety agencies.