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Technology

The Global Robotic Vacuum Cleaner Market to Grow at a CAGR of 18% During the Forecast Period, 2020-24

The global robotic vacuum cleaner market has seen a big boom over time and it is expected to continue it in the coming years as well. The coronavirus pandemic has increased the dependence of people on robotic vacuum cleaners on a large scale.

According to the data released by Technavio, this market is about to grow by USD 3.7 billion during the time period, 2020-24. There is going to be growth at a CAGR of 18% during 2020-24. Although both industrial and residential sectors are contributing to the growth in this sector, the major growth is expected from the residential segment.

There are many factors responsible for the growth in this sector and the major one is the rising adoption of smart lifestyle by people. Now, everyone is focusing on making his home smart by introducing smart appliances. The introduction of automation technology has led to a big boom in the growth of this sector.

It is expected to contribute more to the increasing growth in the global robot vacuum cleaner market. People are focusing on using technology gadgets in their homes to live a convenient life and it has led to a boost in the demand for robot cleaner tools in homes.

The change in the lifestyle of people and the busy daily routines of people are leading to people’s dependence on automated cleaning tools. Many companies are making available high-quality robot vacuum cleaner tools in the market. One such name in this context is VEAVON which has emerged as a lucrative option for providing a hi-tech robotic vacuum cleaner.

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