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Shanghai Department Store: Research on the development prospect of sweeping robot industry

  

Shanghai Department Store Association learned that in recent years, the market scale of sweeping robots has continued to expand, although there are some challenges in 2022 and the first half of 2023, but the market overall shows a recovery trend。According to the forecast of the China Business Industry Research Institute, the retail volume of sweeping robots is expected to reach 5.25 million units in 2024, and the retail sales are expected to reach 16.1 billion yuan, showing the strong recovery and growth potential of the industry。

The sweeping robot market is transitioning from a period of rapid growth to maturity, but still maintains a high growth rate。With the increase of consumers' acceptance of smart home products, sweeping robots, as a convenient tool for modern home cleaning, have won the wide favor of consumers。

  

  The vacuum robot market shows a high degree of brand concentration。The top five brands dominate the market, and this trend has not changed significantly in the short term。This shows that a few brands in the market have established strong competitive advantages and formed high brand recognition and loyalty among consumers。

  

  With the continuous expansion of the market, more and more brands have entered the vacuum sweeping robot market, and the competition is becoming increasingly fierce。However, the leading brands remain at the forefront with technological innovation, product quality and brand influence。At the same time, some emerging brands are also trying to occupy a place in the market through differentiated competitive strategies。

  

  Consumers have high price sensitivity to sweeping robots, and there is market demand for products in different price ranges。According to statistics, the price of 3,500 to 4,000 yuan of sweeping robots occupy the main body of the market, at the same time, the price is more friendly to the people and high-end products also have a market。

  

  Consumers' functional demands for sweeping robots are increasingly diverse, including intelligent obstacle avoidance, path planning, and automatic dust collection。With the advancement of technology, sweeping robots will continue to meet the diverse needs of consumers for household cleaning。

  

  Shanghai Department Store learned that at present, the growth of the sweeping robot industry has been leveling off, and the domestic market size has always been about 10 billion yuan。However, the industry has broad prospects for growth, according to third-party data research institute GFK estimates that by 2030, the market size of clean appliances can reach 60 billion yuan, about 40 million units。The core factor that limits the development of the industry is that the sweeping robot is less than expected in the obstacle crossing, hair anti-entanglement, and intelligent experience, so the industry also increases technology research and development investment in this field。

  

  Stone technology company issued a pre-increase in the first half of the performance announcement shows that the company's net profit in the first half of the year was 1 billion to 1.2 billion yuan, an increase of 35.24%至62.29%。Non-net profit attributable to the mother is 800 million yuan to 9.500 million yuan, an increase of 21 percent year-on-year.17%至43.89%。This performance is mainly due to the company's continuous introduction of competitive innovative products, and now, in terms of products, the launch of Stone P20 Pro not only further consolidated Stone Technology's position in the high-end market, but also laid a solid foundation for its future performance growth。

  

  Sweeping robot industry prospects

  

  The intelligent level of the sweeping robot continues to improve, and through the integration of high-level sensors and algorithms, more accurate navigation, obstacle avoidance and cleaning are achieved。At the same time, the sweeping robot can also be linked with other smart home devices to provide a more convenient and comfortable home experience。

  

  Manufacturers are constantly introducing new products and technological innovations to meet the diverse needs of consumers。For example, some brands have launched sweeping robots with automatic cleaning mop, automatic drying and other functions, further improving the ease of use and cleaning effect of products。

  

  The market penetration rate of China's sweeping robot is currently low, and there is still room for growth compared with European and American countries。With the increasing acceptance of smart home products by consumers and the continuous advancement of technology, the sweeping robot market is expected to continue to maintain rapid growth。

  

  With the in-depth development, the competitiveness of China's sweeping robot brand in the international market continues to increase。By strengthening brand building, technological innovation and market expansion, China's sweeping robot brand is expected to occupy a larger share in the market。

  

  To sum up, the sweeping robot market has broad development prospects and huge growth potential。However, manufacturers also need to constantly pay attention to market dynamics and consumer demand changes, strengthen technological innovation and product optimization to cope with the fierce market competition。

  

  The above is the relevant information about the sweeping robot brought by the small edition of Shanghai Department Store. If you are interested in in-depth understanding, you can come to the scene to consult the details。

  

  Source: China Research Network