The adoption of robotic vacuum cleaners continues to develop in India even after the return to regular. The marketplace for robotic vacuum cleaners grew by 24% year-on-year (YoY) when it comes to shipments throughout the first six months of 2022, stated market researcher Counterpoint in its newest report, revealed on Thursday. Analysts at Counterpoint attributed the expansion to rising product consciousness amongst shoppers and rising demand from hybrid employees. Counterpoint didn’t disclose the precise variety of models shipped.
Although robotic vacuum cleaners can price near ₹1 lakh, Counterpoint report reveals that units within the ₹16,000- 24,000 value band had been hottest, adopted by these within the ₹10,000-₹16,000 value band.
“The market which gained momentum because of the Covid-19 pandemic can also be discovering itself related in present occasions. Individuals are returning to workplaces and realising that robotic vacuum cleaners are among the many finest choices obtainable to assist them with their family cleansing,” stated Varun Gupta, analysis analyst at Counterpoint.
When it comes to market share, Xioami was the main model accounting for 30% of shipments at a forty five% YoY development charge. Mop-P was essentially the most shipped robotic vacuum cleaner by Xiaomi.
Eureka Forbes, which was one of many first manufacturers to launch robotic vacuum cleaners in India, shipped the second-highest variety of models. It accounted for 22% market share and grew at 40% YoY.
iRobot, which was acquired by Amazon final month, has slipped to the fourth place with an 8% market share as its shipments fell 38% YoY. ILIFE has moved to the third spot with 10% of the market. Eufy and Milgrao with 8% and 6% market share, respectively, had been the opposite remaining manufacturers within the high 5 throughout H1 2022, based on the report.
The highest three manufacturers accounted for 62% of the market in H1 2022. In line with Counterpoint, most individuals are nonetheless shopping for these units on-line, nevertheless, many purchasers now wish to expertise the product, pushing manufacturers akin to Xiaomi to inventory them of their offline shops too.
The report reveals that Realme, which entered the robotic vacuum market in late H2 2021, is among the many fastest-growing manufacturers together with one other model known as Viomi.
“H1 2022 noticed many gadget launches from a number of present manufacturers akin to eufy, iRobot, and Artistic Newtech, and new entrants akin to Haier. We anticipate the house to grow to be extra aggressive within the coming months with extra launches and new entrants because of the rising client curiosity,” stated Gupta.
The entry of recent gamers is predicted to drive additional development on this section. Anshika Jain, senior analysis analyst at Counterpoint forecasted that the robotic vacuum cleaner market will develop over 25% in 2022 because of the entry of extra gamers.