DUBLIN, Oct. 19, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/xrpzwf/cleaning_robot) has announced the addition of the "Cleaning Robot Market by Product (Floor Robot, Pool Robot, Window Robot, Lawn Robot, Others), by Vertical (Residential, Commercial, Industrial, Healthcare, Others), by Region (North America, Europe, Asia-Pacific, RoW) - Global Forecast to 2020" report to their offering.

The cleaning robot market was valued at USD 1.04 Billion in 2014, and is expected to reach USD 2.50 Billion by 2020, at a CAGR of 15.3% from 2015 to 2020

The floor cleaning robot market is expected to grow at the highest CAGR of 15.8% between 2015 and 2020, followed by the pool market progressing at a CAGR of 14.5% between 2015 and 2020. As per the geographic analysis, the North American region has held the largest share of 39.9% in the market, in 2014.

This report on the global cleaning robot market has been segmented based on product type (Floor Robot, Pool Robot, Window Robot, Lawn Robot, Others), vertical (Residential, Commercial, Industrial, Healthcare, Others), and geography (North America, Europe, Asia-Pacific, RoW). It analyzes competitive developments such as alliances, joint ventures, and mergers & acquisitions in the global market and analyses the market with an explicit focus on high-growth applications and rapidly growing market segments.

Further, it contains market size projections, and analyses trends in the global cleaning robot market. The segments and sub-segments in the report contain drivers, restraints, opportunities, key challenges and critical success factors to succeed in the market. It covers the future of the global market & industry from both - technical and market-oriented perspectives with techno-market oriented roadmaps till 2020, a detailed competitive landscape with identification of key players with respect to each type of market, and market rankings.

Unlike traditional vacuum cleaners robotic vacuum cleaners are small in size and can easily fit into limited spaces. This acts as the most significant driver impacting the growth of the cleaning robot market. Another important driver of this market is innovation and modernization in the field of robotics. In addition to this, technological enhancements in visualization and sensing equipment have further resulted in the manufacture of cost-effective cleaning robots that are specialized to carry out cleaning duties.

Some of the companies involved in the market are Dyson Ltd. (Cotswolds, U.K.), Ecovacs Robotics, Inc. (U.S.), Infinuvo (U.S.), iRobot Corporation (Bedford, U.S.), Koninklijke Philips N.V. (Netherlands), LG Electronics, Inc. (Seoul, South Korea), Neato Robotics, Inc. (Newark, U.S.), Samsung Electronics Co., Ltd. (Suwon, South Korea), and Yujin Robot Co., Ltd. (Seoul, South Korea)

For more information visit http://www.researchandmarkets.com/research/xrpzwf/cleaning_robot

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SOURCE Research and Markets