Korea Robot Cleaner Market - Forecast(2024 - 2030)

Report Code: ESR 0747 Report Format: PDF + Excel

Korea Robot Cleaner Market Overview

The Korea Robot Cleaner Market size is forecasted to reach $902.2 million by 2026, growing at a CAGR of 12.2% from 2021 to 2026. The demand for Robot cleaners is expanding among various sectors such as commercial and industrial to deliver quick mopping and sweeping and is set to be the major driver for the growth of the Korea Robot Cleaner Market over the forecast period 2021-2026. Additionally, the adoption of UV Robot Cleaner increased among hospital and medical centers during the pandemic situation to disinfect surfaces quickly as well as reduce human contact which accelerate the market growth scope for Robot Cleaner companies with improved robotic mapping. Moreover, integration of advanced technology such as AI, wireless sensor network and Internet of Things (IoT) in Robots aid in quick identification of dirty places and this is the factor that accelerates the growth of the market. Such factors are analyzed to drive the market during the forecast period 2021-2026. In particular floor cleaning robots, duct cleaning robots with integrated ultrasonic sensors will drive market growth.

Report Coverage

The report based on: Korea Robot Cleaner Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Korea Robot Cleaner Market industry outlook.

By Type: Personal Robot Cleaner, Professional Robot Cleaner.
By Product Type: Indoor Robot Cleaner (Floor, Window, Utensils), Outdoor Robot Cleaner (Pool, Lawn).
By Charging Mode: Manual Charging, Auto Charging.
By Application: Residential, Commercial, Industrial, Others. 

Key Takeaways

  • Floor Cleaning Robots are anticipated to grow with a CAGR of around 9.5% in the Korea Robot Cleaner Market during the forecast period 2021-2026, owing to adoption in residential applications.
  • Commercial segment is analyzed to witness the fastest growth in the Korea Robot Cleaner market during 2021-2026, owing to shrinking workforce.

Global Korea Robot Cleaner Market Value Share, By Applications, 2020 (%)

Korea Robot Cleaner Market Value Share

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Korea Robot Cleaner Market Segment Analysis- By Product Type

Floor-cleaning robot held the highest share of 32.2% in the Korea Robot Cleaner market in 2020. The adoption of floor robot cleaners increases in residential and public places such as airports, malls, theatres, IT companies to perform functions such as floor mopping as well as floor sweeping. Smart Floor Robot Cleaners are equipped with laser scanners, cameras, ultrasonic sensors, gyroscopes as well as infrared detectors to identify the dirt. Smart floor Robot Cleaners are equipped with AI technology that provides them to navigate between building floors.

Korea Robot Cleaner Market Segment Analysis-By Applications

Based on applications segmentation, Commercial sector held the highest Korea Robot Cleaner Market share of around 39.7% in 2020. Robot Cleaners are considered to be the future of commercial cleaning industry owing to adoption of cleaning automation. There is an increase in demand for Robot cleaners among commercial places such as airports, hospitals, shopping malls and corporate companies due to the outbreak of Covid19. The factors such as increasing building floor plan size and shrinking workforce have contributed to the growth of the market. For instance, Corporate Korea, a mobile operator company in the country is using a robot to avoid human contact as well as maintain sanitation in the building. Such developments influence the growth of the market.

Korea Robot Cleaner Market Drivers 

Increasing demand for robot cleaner in hospitals

Growing demand for robot cleaner in hospitals is set to be one of the major factors analyzed to drive the market forward during the forecast period 2021-2026. The demand for robot cleaners increases to control the spread of corona virus infection. Robot Cleaners are used to reduce person-to-person contact and also ensures proper cleaning and sanitization in hospitals. Apart from cleaning task, Robot Cleaners are also utilized for measuring fever as well as control visitor access. In August 2020, Seoul National University Hospital launched LGCLOi CleanBot and LG CLOi GuideBot robots to clean hospital premises, measure fever as well as control people access. LGCLOi CleanBot can also be used to clean hospital halls equipped with technology to escape obstacles and navigate freely. Such developments can influence the market growth of Robot Cleaner in Korea in the long run. 

Technological advancement like development of Smart-AI Robot Cleaner is set to be one of the factors that can drive the market forward

Development of smart AI Robot Cleaner is set to be one of the factors that can drive the market forward during the forecast period 2021-2026. Smart AI Robot Cleaners are small as well as compact and capable of cleaning entire house at once. Smart robot cleaners have two charging modes for better experience as well as have 2 in 1 smart cleaning feature. Smart AI Robot cleaners use advanced navigation technology to offer uninterrupted and deeper cleaning service. They can also be connected to APP for remote control so that they can clean the home when people are not at home. Smart-AI Robot Cleaners are equipped with intelligent sensors to provide accuracy in cleaning. Such benefits will increase the demand for Smart AI Robot Cleaners. In June 2021, Samsung Electronics announced the launch of its new robot vacuum cleaner, Jet Bot AI+ worldwide. Jet Bot AI+ is the world’s first robot vacuum cleaner equipped with an active stereo-type 3D sensor as well as Intel AI solution, which gives Object Recognition technology. The smart feature allows Robot Cleaner to navigate with better accuracy by identifying not only the items on the floor but also appliances and furniture. Such developments can influence the growth of Robot Cleaners in Korea.

Korea Robot Cleaner Market Challenges

High cost of Robot Cleaners

High cost of Robot Cleaner acts as a major challenge restraining the market growth of Korea Robot Cleaner Market. The cost of robot cleaner is quite expensive compared to the traditional vacuum cleaner. Moreover, robot cleaners are inefficient in cleaning as they can’t reach the corners of home where most of the dust is gathered. Furthermore, Robot cleaners have short battery life, noisy and need to be emptied every 2 days. Owing to the above mentioned factors, use of robotic cleaners will be significantly impacted, thus hampering its market growth.

Korea Robot Cleaner Industry Outlook

Partnership, Acquisitions, Collaboration, technology launches and R&D activities are key strategies adopted by players in the Korea Robot Cleaner Market. The Korea Robot Cleaner Market top 10 companies include iRobot, LG Corporation, Samsung Group, Yujin Robot, ECOVACS, Electroflux, Hanool Robotics, Maytronics, Moneul and Neato Robotics.

Acquisitions/Technology Launches

  • In June 2020, LG Electronics Inc. (LG) partnered with Miele & Cie. KG (Miele). The partnership is based on long-term patent license agreement covering robot vacuum cleaner technologies. According to the terms of the agreement that Miele will be allowed to produce and sell robot vacuum cleaners using patented technologies developed by LG R&D.
  • In July 2020, SoftBank Robotics Korea Co Ltd, has been established as a subsidiary of SoftBank Robotics Group to provide Whiz- an AI enabled vaccum cleaning robot which will be available on subscription basis in South Korea.

Relevant Reports:

Robot Cleaner Market – Forecast (2021 - 2026)
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Cleaning and Disinfection Robots Market – Forecast (2021 - 2026)
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1. Korea Robot Cleaner Market Overview 
    1.1 Definitions and Scope 
2. Korea Robot Cleaner Market - Executive Summary 
    2.1 Market Revenue and Key Trends by Company 
    2.2 Key trends by Material 
    2.3 Key trends by Product Type 
    2.4 Key trends by Application 
    2.5 Key trends by Geography 
3. Korea Robot Cleaner Market –Comparative Analysis 
    3.1 Product Benchmarking - Key companies 
    3.2 Financials Analysis - Key Companies 
    3.3 Market Share Analysis- Key Companies 
    3.4 Patent Analysis  
    3.5 Pricing Analysis 
4. Korea Robot Cleaner Market- Startup companies Scenario Premium Premium  
    4.1 Key Startup Company Analysis by 
    4.1 Investment 
    4.2 Revenue 
    4.3 Application Analysis 
    4.4 Venture Capital and Funding Scenario 
5. Korea Robot Cleaner Market – Industry Market Entry Scenario Premium Premium  
    5.1 Regulatory Framework Overview 
    5.2 New Business and Ease of Doing business index 
    5.3 Case Studies of Successful Ventures 
6. Korea Robot Cleaner Market Forces 
    6.1 Market Drivers
    6.2 Market Constraints 
    6.3 Porters Five Force Model 
        6.3.1 Bargaining power of suppliers 
        6.3.2 Bargaining powers of customers 
        6.3.3 Threat of new entrants 
        6.3.4 Rivalry among existing players 
        6.3.5 Threat of substitutes  
7. Korea Robot Cleaner Market -Strategic analysis 
    7.1 Value chain analysis  
    7.2 Opportunities analysis 
    7.3 Market life cycle 
8. Korea Robot Cleaner Market – By Product Type (Market Size –$Million/$Billion) 
    8.1 Indoor Cleaning Robot 
    8.1 Floor Cleaning Robot 
    8.2 Utensils Cleaning Robot 
9. Korea Robot Cleaner Market – By Mode of Charging (Market Size –$Million/$Billion) 
    9.1 Manual Charging 
    9.2 Auto Charging 
10. Korea Robot Cleaner Market – By Application (Market Size –$Million/$Billion) 
    10.1 Industrial Power Supplies 
    10.2 Smart-Grid Power Modules 
    10.3 Automatic Guided Vehicles 
    10.4 Light Rail Transport Applications 
    10.5 Electric Vehicles 
    10.6 UPS 
    10.7 Smart Grid 
    10.8 Others 
11. Korea Robot Cleaner Market - Entropy 
12. Korea Robot Cleaner Market – Key Company List by Country Premium Premium
13. Korea Robot Cleaner Market Company Analysis (Company Revenue, Products, M&A, Developments) 
    13.1 Xiaomi 
    13.2 LG Electronics 
    13.3 iRobot 
    13.4 Yujin Robot 
    13.5 Samsung Electronics 
    13.6 SK Telecom 
    13.7 Omron Electronics  
    13.8 Softbank Robotics 
    13.9 Company 9 
    13.10 Company 10 
*Financials for private companies would be provided on a best efforts basis”.