Euromonitor Announces Roborock’s Success in High-end Robot Vacuum Market
Singapore, November 10, 2022 – (SEAPRWire) – Recently, Joan Hu, Overseas Southeast Asia Director of Roborock, has announced Roborock’s great success based on Euromonitor data and shared its strategies. According to data recently released by Euromonitor, worldwide retail sales of robot vacuums exceeded 15 million units in 2021, representing a compound annual growth rate in excess of 20% over the past five years. In particular, the Asia-Pacific region accounted for some 44.2% of the total, making it the world’s largest robot vacuum market. High-end robot vacuums, generally priced at over US$500, deliver far superior performance in terms of intelligence and cleaning efficiency when compared with standard models. After Roborock announcing its expansion to the Southeast Asia market only in 2020, the company gains its quick success in just two years. “We truly pride ourselves on our ability to provide consumers with cutting edge technology when it comes to robot vacuums. Users are spoilt for choice when it comes to innovations for smartphone and smartphone-related gadgets. However, there isn’t much growth in the home improvement space. Thus, we saw an opportunity for Roborock to tap into...
