Hamburg Vacuum-cleaning robots are a billion-dollar business: the market reached $ 5.6 billion in 2018, and market researchers forecast $ 19 billion in 2025. Colin Angle has brought his latest collection into the conference room of a Hamburg hotel: two small mopping robots, two medium-sized vacuum cleaners – and a rather clunky lawnmower robot.
"We spend 150 million euros a year on research and development and complain for us to have had every new feature first," he says in an interview with Handelsblatt. IRobot also has to face the global competition, especially with cheaper devices.
"The times in which the cheap devices do not work, are over," says Angle, who also sees the disadvantages for suppliers of cheaper devices. "The manufacturers of cheap, but non-intelligent robots under 200 euros will hardly earn anything," he says.
His company was also troubled by the long-standing trade conflict between the USA and China, where the self-cleaning robots are manufactured.
While he too on an early agreement of the
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