: Shipments for Indian robotic vacuum cleaners grow 24% in H1 22 #finance #StockMarketNEWS Shipments for Indian robotic vacuum cleaners grow 24% in H1 22 New Delhi, Sept 24 (KNN) The Robotic vacuum

Shipments for Indian robotic vacuum cleaners grow 24% in H1 22 #finance #StockMarketNEWS
Shipments for Indian robotic vacuum cleaners grow 24% in H1 22 New Delhi, Sept 24 (KNN) The Robotic vacuum cleaner market in India grew 24 per cent year-on-year (YoY) in terms of shipments during the first six months of 2022, said market researcher Counterpoint in its latest report published on Thursday.

The report points out that devices in the range of Rs 16,000- Rs 24,000 price band were most popular, followed by those in the Rs 10,000- Rs 16,000 price band. The price can go up to Rs 1 lakh.

“The market which gained momentum due to the covid-19 pandemic is also finding itself relevant in current times. People are returning to offices and realizing that robot vacuum cleaners are among the best options available to help them with their household cleaning," said Varun Gupta, research analyst at Counterpoint.

According to the market share, Xiaomi, which accounts for 30 per cent of shipments at a 45 per cent YoY growth rate is leading the race, reported Mint.

Eureka Forbes, which was one of the first brands to launch robotic vacuum cleaners in India, shipped the second-highest number of units. It accounted for 22 per cent market share and grew at 40 per cent YoY.

Currently, the top three brands in the market accounted for 62 per cent of the market in H1 2022. With the entry of new players, the market is expected to grow by over 25 per cent in 2022. (KNN Bureau)

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