DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/2m2d85/residential) has announced the addition of the "Residential Robotic Vacuum Cleaner Market in Spain 2014-2018" report to their offering.
The Residential Robotic Vacuum Cleaner market in Spain to grow at a CAGR of 10.55% during the period 2013-2018.
A robotic vacuum cleaner, also called robovac, is a vacuum cleaner that can function without human intervention within a defined area. It consists of a mobile part, a docking station, and other accessories to assist its operation. It is used to clean floors, gutters, and pools. It has additional features such as smart navigation, laser vision, room memory, mapping, and self-emptying function, increasing its efficiency and performance.
One major trend emerging in the market is the decrease in prices of the residential robotic vacuum cleaners. There is a high demand for robotic vacuum cleaners, which is forcing vendors toward downward pricing to survive in a highly competitive market.
According to the report, one major factor driving the market is the decrease in time for household activities. Robovac rids the consumers of everyday cleaning chores.
Further, the report states that one major challenge to this market is the global economic crisis, which has caused a reduction in the purchase of robotic vacuum cleaners. The economic environment in Spain is characterized by unemployment and reduced wages, forcing households to spend judiciously. This is a major hurdle to the adoption of robotic vacuum cleaners.
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Source: Research and Markets