Rising Integration with Smart Home Ecosystems Augments Growth in the Cleaning Robot Market; FMI Analysts Predict Market Valuation to Surpass US$ 87.0 billion by 2034 [Yahoo! Finance]
SIMPPLE LTD. (SPPL)
Company Research
Source: Yahoo! Finance
Smart technology revolutionizes cleaning efficiency, driving the global cleaning robot market growth. The personal cleaning robots segment dominates the market with the largest revenue share over the forecast period. NEWARK, Del, Feb. 13, 2024 (GLOBE NEWSWIRE) -- The cleaning robot market size is poised to cross US$ 12.2 billion in 2024 and is likely to attain a valuation of US$ 87.0 billion by 2034. The cleaning robot market is projected to thrive at an astronomical CAGR of 21.7% from 2024 to 2034. Manufacturers of cleaning robots are deliberately coordinating their offerings with the growing trend of smart house adoption. Considering the robust urbanization in countries like India, China, South Korea, and others, businesses are tapping into a profitable market segment looking for networked household appliances by including cleaning robots in smart home ecosystems. This connection strengthens cleaning robots' value proposition and positions them as necessary elements of contempor
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