Roborock(SH:688169) Zhi Tong Cai Jing·2026-01-02 03:48Company Overview - Roborock Technology Co., Ltd. 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 its product range to include other smart home cleaning products such as floor washers and washer-dryer combos [2][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% [2] Market Position - According to data from Zhaoshang Consulting, Roborock is the number one brand in the global smart vacuum cleaner market by both gross merchandise value (GMV) and sales volume in 2024, with a market share of 23.4% by GMV and 16.7% by sales volume [3][9][10] - The smart home cleaning products market is experiencing rapid growth, with smart vacuum cleaners being the largest segment, expected to reach a market size of $25.2 billion by 2029, growing at a CAGR of 22.0% from 2024 to 2029 [3][6] Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the nine months ending September 30, 2025, were approximately RMB 6.61 billion, RMB 8.64 billion, RMB 11.92 billion, and RMB 12.06 billion, respectively [4][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 [4][5] Industry Overview - The global smart vacuum cleaner market is projected to grow from $4.4 billion in 2020 to $9.3 billion in 2024, with a CAGR of 20.6%, and is expected to reach $25.2 billion by 2029, with a CAGR of 22.0% from 2024 to 2029 [6] - The top five markets for smart vacuum cleaners in 2024 are expected to be Mainland China, the United States, Japan, South Korea, and Germany [8] 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 [9][10]