MarketThe global floor washing robots market size is projected to reach USD 4.29 billion by 2027, witnessing a CAGR of 18.1% during the forecast period, 2021 to 2027. Factors such as increasing demand for automation across major end users and growing awareness about the benefits of floor washing robots are leading to the exponential growth of the market.The market is segmented into product, components, end users, and regions. By product type, the market is further segmented into single-function and multi-function robots. The single-function robots segment dominated the market in 2020, followed by the multi-function robots segment. This is mainly due to the high demand for single-function robots. The components segment is further bifurcated into robot itself and scanners & sensors. The robot itself segment held the largest market share in 2020.By end-users, the market is further comprised of commercial and residential. The commercial segment held the largest market share in 2020 as they are widely used in manufacturing and distribution applications. Regionally, the market is further segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region is dominant in terms of market share in 2020, due to the demand for automation in the commercial sector.Some of the key players in the market are Dyson Ltd., Intellibot Robotics, Tennant Company, iRobot Corporation, Neato Robotics, Yujin Robot Co., Ltd., Brain Corp., LLC., Friendly Robotics Ltd., Ecovacs Robotics Co., Ltd., Alfred Kärcher SE & Co. KG, Haier Robotics, and Yaskawa Electric Corporation, among others.
