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New Report on South Korea Residential Robotic Vacuum Cleaner Market

Reviewed

Oct 8 2015

Research and Markets has announced the addition of the "Residential Robotic Vacuum Cleaner Market in South Korea 2015-2019" report to their offering.

The residential robotic vacuum cleaner market in South Korea to grow at a CAGR of 18.24% over the period 2014-2019.

The report covers the current scenario and the growth prospects of the residential robotic vacuum cleaner market in South Korea for the period of 2015-2019.

The report, Residential Robotic Vacuum Cleaner Market in South Korea 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the residential robotic vacuum cleaner market in South Korea and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Vendors are incorporating enhanced security features in robotic vacuum cleaners, which is trend that will likely gain considerable traction during the forecast period. New security functionalities such as alerting homeowners about house fires and intrusions will make these cleaners more attractive to consumers.

According to the report, consumers in South Korea have shown willingness to spend on innovative and discretionary products regardless of their price. They are open to spending on small premium appliances that add value and help simplify their household routines.

Further, the report states that the residential robotic vacuum cleaners have high battery consumption rates. End-users must charge the batteries at regular intervals, usually every one to two hours, which hampers the vacuuming process and extends the time required for cleaning.

To calculate the market size, the report considers revenue generated through the sales of the following types of robotic vacuum cleaners: