$4.43 Bn
15-16 Percent
Category Intelligence on Robotic Cleaning covers the following
Cleaning is labor intensive and 95% of the cost is spent on labor. As per suppliers and robotic manufacturers, Robotic cleaning can reduce labor cost up to 85%. Robots are now available to perform a number of cleaning functions, presenting alternative to costly human labour for anything from floor cleaning to window cleaning. American Family Insurance, Powell Building, Dow Chemical are some of the companies using these.
Sustainability Factor
Developed and developing nations are looking out for ways to create an eco friendly environment and have started many initiatives to create a ‘green environment'. Robotic Cleaning, Green Cleaning are paving ways for chemical free process
Vacuum Robot Deployment
Vacuum floor cleaning robots continue to experience greater acceptance and use as augmentation, and even replacement, of manual vacuum cleaners in residences and commercial enterprises
Technology Adoption Rate
Suppliers and buyers are focusing more on adopting various advanced technologies for cleaning and other industrial purposes
Strategic Acquisition
Big Corporate buyers are actively making acquisitions in the industry. Over $19 billion paid to acquire 50 robotics companies in 2016-2017 with the most significant being the acquisition of market leader Intellibot by Sealed Air
Global Acceptance
North America accounts for 48.32% revenue share of global revenue and 42.73% of total robotic shipment by 2022 followed by Europe having Germany and Italy as it's main contributors. APAC will witness the highest growth rate in this period, with the lowest share contribution from Latin America and Middle East African countries
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