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MARKET OUTLOOK

Triton’s research report states the Latin American smart cleaning and hygiene market is anticipated to display a growth trend at a CAGR of 11.32% during the evaluated phase 2021-2028. Mexico, Brazil, and Rest of Latin America outline the market in this region.

Mexico is among the first ten nations globally to launch an AI strategy and has commenced working to harness AI technology across the public and private sectors. The country is focused on improving the healthcare and manufacturing sector using AI technologies. This widens the adoption rate of smart cleaning products across the healthcare, commercial, and industrial sectors. Furthermore, several consumers are opting for AI-based products for various applications, which is adding to the growth of the smart cleaning and hygiene market over the forecasted period across Mexico. 

In Rest of Latin America, countries are slowly embracing AI technology. For instance, in Argentina, the government is drafting a national AI plan to facilitate its use in public and private sectors. This plan is under the country’s Innovative Argentina 2030 plan and 2030 Digital Agenda. Further, Argentina is improving healthcare technologies, which offers opportunities for robotic cleaning devices in the healthcare sector to a large extent. Therefore, all these developments are influencing the demand for smart cleaning devices, thereby widening the scope and growth of the smart cleaning and hygiene market over the forecast period. 

COMPETITIVE OUTLOOK 

The eminent companies thriving in the smart cleaning and hygiene market are Vorwerk and Co KG, Cyberdyne, Haier Group Corporation, Xiaomi Corporation, Roborock Technologies, Maytronics, and Electrolux AB.