Consumer Robotics Market Overview 2023-2032 – Market Growth Analysis, Trends And Drivers

The Business Research Company’s Consumer Robotics Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Consumer Robotics Global Market Report 2023 evaluates consumer robotics market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global consumer robotics market is expected to grow from $8.99 billion in 2022 to $11.58 billion in 2023 at a compound annual growth rate (CAGR) of 28.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The consumer robotics market is expected to reach $3.50 billion in 2027 at a CAGR of 28.4%.

The growing adoption of smart home appliances is expected to propel the growth of the consumer robotics market going forward. A smart home is a residence equipped with various internet-connected devices and systems that allow homeowners to control, monitor, and automate various aspects of their living space. Consumer robots are used in smart homes to provide a better sense of automation and can be very helpful in automating several tasks in smart homes. For instance, in November 2022, according to the State of the Connected Home report that included a survey of 1000 adults across the UK conducted by techUK, a UK-based non-profit trade association, 77% of the adults in the UK own at least one smart home appliance, which is up from 67% in 2020 and 76% in 2021. Further, the number of advanced adopters of smart home devices reached 26% in 2022, up from 24% in 2021 and 17% in 2020. Therefore, the growing adoption of smart homes drives consumer robotics demand.

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The consumer robotics market segments in the report are:

1) By Type: Autonomous, Semi-Autonomous

2) By Connectivity: Wi-Fi, Bluetooth, Other Types

3) By Distribution Channel: Offline, Online

4) By Application: Domestic Task, Education, Healthcare, Other Applications

5) By End-User: Oil And Gas, Process Industry, Chemical And Petrochemical, Power Generation, Other End User

The table of contents in TBRC’s consumer robotics market report includes:

  1. Executive Summary
  2. Consumer Robotics Market Characteristics
  3. Consumer Robotics Market Trends And Strategies
  4. Consumer Robotics Market – Macro Economic Scenario

5.1. Global Consumer Robotics Market Drivers and Restraints

  1. Consumer Robotics Market Segmentation
  2. Consumer Robotics Market Regional And Country Analysis

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  1. Brazil Consumer Robotics Market
  2. Middle East Consumer Robotics Market
  3. Africa Consumer Robotics Market

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