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Pandemic Spending Drives Smart Appliance and Consumer Robotics Market Revenues to US$80 Billion in 2021
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Pandemic Lockdowns Boost Consumer Robotics Market to US$10 Billion in 2020 Revenues
Consumers shifting focus and spending from outside to inside the home
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NEW YORK, Feb. 9, 2021 /PRNewswire/ The consumer robotic market pushed through the pandemic s disruption to deliver continued growth in 2020 as consumers spent more time at home and invested in robotic offerings that made life simpler. Global tech market advisory firm
ABI Research finds the consumer robotics market generated US$10.4 billion in revenues in 2020, up US$448 million, or 4.3%, on pre-pandemic expectations.
Despite an initial negative impact on production and shipments at the onset of the pandemic, robot homecare vendors, including iRobot and Ecovacs, among others, saw strong third and fourth quarters greatly reduced the effect. The pandemic saw a shift in consumer focus and spending from outside to inside the home, which supported a growing emphasis on in