New Delhi, Boston, Toronto, London, Hong Kong, Beijing, Taipei, Seoul – September 22, 2022
India’s robot vacuum cleaner market shipments grew 24% YoY in H1 2022 (January-June), according to the latest research from Counterpoint’s Smart Home IoT Service. The growing consumer interest in the robotic vacuum cleaner and better product awareness led to the increase in shipments.
Commenting on the market trends, Research Analyst Varun Gupta said, “The market which gained momentum due to the COVID-19 pandemic is also finding itself relevant in current times. People are returning back to offices and realizing that robot vacuum cleaners are among the best options available to help them with their household cleaning. The market remains competitive with brands introducing more customer-centric and India-specific products such as wet and dry robot vacuums. Most brands are trying to offer affordable products as Indian consumers tend to remain price sensitive. The INR 16,000-INR 24,000 ($200-$300) price band remains most popular, closely followed by the INR 10,000-INR 16,000 ($125-$200) price band.”
From the brand perspective, Gupta said, “The market seems consolidated as the top three brands captured 62% share in H1 2022. Online channels also maintained their dominance. However, offline channels are beginning to gain prominence as many consumers want to experience the product first. Xiaomi has focused on enhancing consumer awareness by offering robot vacuums in its offline retail stores. Eureka Forbes maintained its second spot in H1 2022, owing to its established D2C network and pan-India service network. ECOVACS and Viomi registered highest YoY growth in H1 2022.”
“H1 2022 saw many device launches from several existing brands such as eufy, iRobot and Creative Newtech, and new entrants such as Haier. We expect the space to become more competitive in the coming months with more launches and new entrants due to the rising consumer interest,” added Gupta.
Commenting on the market outlook, Senior Research Analyst Anshika Jain said, “The robot vacuum cleaner market is expected to grow over 25% in 2022 due to the entry of more players and rising demand from the residential users in a hybrid work environment. The upcoming smart home era combined with the recent pandemic scenario is creating an urge to go for greater hygiene, comfort and convenience. However, we feel that the price point is still a little high to achieve large-scale adoption. Brands need to create more consumer awareness and come up with a strong value proposition to market these products. The future demand will be driven by the availability of new AI-enabled features, better Wi-Fi connectivity and the ability to connect and communicate with other smart home devices.”
Note: Figures may not add up to 100% due to rounding
Counterpoint Technology Market Research is a global research firm specializing in products in the TMT (technology, media, and telecom) industry. It services major technology and financial firms with a mix of monthly reports, customized projects, and detailed analyses of the mobile and technology markets. Its key analysts are seasoned experts in the high-tech industry.
Varun Gupta
Anshika Jain
Counterpoint Research
press(at)counterpointresearch.com