Key Findings of the Global Robotic Window Cleaners Market | Technavio

The latest market research report by Technavio on the global robotic window cleaners market predicts a CAGR of around 18% during the period 2018-2022.

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Technavio has published a new market research report on the global robotic window cleaners market 2018-2022 under their industrial automation library. (Graphic: Business Wire)

The report segments the global robotic window cleaners market distribution channel (offline distribution channel and online distribution channel), by end-user (commercial, residential, and industrial), and by geography (the Americas, APAC, and EMEA). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Here are some key findings of the global robotic window cleaners market, according to Technavio researchers:

• Growth in global real estate and construction industry: a major market driver
• In 2017, the commercial construction segment dominated the market by occupying over 63% share
• The Americas dominated the global robotic window cleaners market with 45% share in 2017
• Cop Rose, ECOVACS, EZ ELECTRONICS, and HOBOT are the leading players in the market

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Growth in global real estate and construction industry: a major market driver

The boom in the global real estate and construction industry is one of the major factors driving the global robotic window cleaners market. Over the years the growth in the construction industry has led to an increase in demand for home furniture, furnishings, and furniture. The influx of Foreign Direct Investment (FDI) has been a key factor for the boom in the construction and real estate industry.

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Americas: largest robotic window cleaners market

Technavio researchers anticipate high growth for the global robotic window cleaners market in the Americas with a market share of over 45%, whereas EMEA and APAC accounted for a global revenue share of around 35% and 20% respectively.

According to a senior analyst at Technavio for research on robotics, “The growth in the Americas can be attributed to several factors such as high product awareness, increasing product utility, the presence of a large target customer base and high concentration of market players. These factors will continue to play an important role in the expansion of the market during the forecast period.”

Competitive vendor landscape

The global robotic window cleaners market is highly concentrated with a few key players. The leading players such as Cop Rose, ECOVACS, EZ ELECTRONICS, and HOBOT are competing based on factors various standards including the quality of the product, innovations, price, and regulatory compliance.

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