Roborock(SH:688169) 智通财经网·2026-01-02 03:45Company Overview - Roborock Technology (688169.SH) is a global leader in the smart vacuum cleaner sector, with approximately 90% of its revenue derived from the sales of smart vacuum cleaners. The company is expanding into new product categories, including floor washers and wash-dry machines [3] - The global sales of Roborock's smart vacuum cleaners are projected to grow from approximately 2,246,000 units in 2022 to about 3,449,000 units in 2024, representing a compound annual growth rate (CAGR) of 23.9%. From 2016 to 2024, the total sales are expected to reach around 20 million units [3] - According to data from Zhaoshang Consulting, Roborock is the number one brand in terms of gross merchandise value (GMV) and sales volume in the global smart vacuum cleaner market in 2024, with a market share of 23.4% by GMV [3][11] Financial Performance - The company reported revenues of approximately RMB 6.61 billion, RMB 8.64 billion, RMB 11.92 billion, and RMB 12.06 billion for the years 2022, 2023, 2024, and the nine months ending September 30, 2025, respectively [5] - The net profit for the same periods was approximately RMB 1.18 billion, RMB 2.05 billion, RMB 1.98 billion, and RMB 1.04 billion [6] Market Insights - The global smart vacuum cleaner market is expected to grow from USD 4.4 billion in 2020 to USD 9.3 billion in 2024, with a CAGR of 20.6%. By 2029, the market is projected to reach USD 25.2 billion, with a CAGR of 22.0% from 2024 to 2029 [8] - The smart vacuum cleaner segment is the largest within the smart home cleaning products category, indicating strong growth potential [8] - The top five markets for smart vacuum cleaners in 2024 are projected to be Mainland China, the United States, Japan, South Korea, and Germany [10] Competitive Landscape - The global smart vacuum cleaner market is relatively concentrated, with the top five brands accounting for 73.1% of the market by GMV and 61.5% by sales volume in 2024. Roborock holds the leading position with a market share of 23.4% by GMV and 16.7% by sales volume [11][12]