Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

The Development Prospect of Cleaning Robot in Chinese Market in the Next Ten Years

Authors
Siwei Zhangzhang.9039@buckeyemail.osu.edu
College of Arts and Sciences, The Ohio State University, Columbus, OH 43210, US
Corresponding Author
Available Online 26 March 2022.
DOI
10.2991/aebmr.k.220307.176How to use a DOI?
Keywords
Cleaning Robot; New Productse; Purchase rule; Bass model; business analysis
Abstract

The accelerating social pace of development has greatly occupied the disposable time of Chinese women at home. As a new type of household cleaning equipment, sweeping robot is gradually needed by more and more families. This paper first expounds on the pressure of modern women’s lives and the great impact of cleaning robots born in the technological environment on people’s lives. Based on the analysis of the cleaning robots sales in China in the past eight years, the author predicts the sales situation of cleaning robots in China in the next ten years and analyzes the market purchasing rules of this new product. In this paper, the Bass diffusion model is mainly used for prediction, and appropriate nonlinear regression is used to estimate the parameters. The forecast results indicate that the market share of Cleaning robots in China will further expand in the next decade and reach a peak in 2023. Finally, the author combines the development trend of China’s leading cleaning robot enterprises with the parameters of the Bass model and further analyzes the industry’s future development trend.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
10.2991/aebmr.k.220307.176
ISSN
2352-5428
DOI
10.2991/aebmr.k.220307.176How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Siwei Zhang
PY  - 2022
DA  - 2022/03/26
TI  - The Development Prospect of Cleaning Robot in Chinese Market in the Next Ten Years
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 1068
EP  - 1073
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.176
DO  - 10.2991/aebmr.k.220307.176
ID  - Zhang2022
ER  -