The global Service Robotics Market By 2024 is expected to witness significant growth, with its market size projected to increase from USD 16.35 billion in 2022 to 2030 by USD 62.35 billion. This reflects a compound annual growth rate (CAGR) of 18.4% over the forecast period. This report highlights industry growth trends, key drivers such as cost-effective solutions and sustainable practices, and emerging opportunities across residential, commercial, and industrial sectors.

The Service Robotics Market comprises key manufacturers such as Ricoh (Japan), Honda Motor Co., Ltd. (Japan), iRobot Corporation (U.S.), KUKA AG (Germany), Intuitive Surgical (U.S.), Daifuku Co., Ltd. (Japan), SoftBank Robotics Group Corp. (Japan), Aethon (U.S.), Boston Dynamics (U.S.), Fetch Robotics, Inc. (U.S.) Expansions, collaborations, and deals were some of the major strategies adopted by these key players to enhance their positions in the Service Robotics Market.

Market Scope:

Featuring in-depth analysis and forward-looking projections, this report is an essential resource for stakeholders aiming to leverage emerging opportunities and address challenges in the Service Robotics Market. Key recent industry developments include;

  • Smart Robotics Inc. which is a designer and provider of logistics and warehouse robotics solution developed and launched a smart merchandise picker robot. This collaborative robot (Cobot) can handle lightweight merchandize such as office stationery and office supplies.
  • Ricoh acquired Axon Ivy AG as a part of its strategic investment with an objective to expand its digital process automation capabilities.
  • KUKA AG and MHP collaborated to work on Smart Intelligence Robotic Project Cockpit (SIRPCO).
  • Robot Corporation acquired Aeris Cleantec AG, an air purification company with an objective to diversify the product portfolio with air purification systems.
  • HYUNDAI MOTOR GROUP acquired 80% stake in Boston Dynamics to strengthen its position in the field of robotics.

Service Robotics Market Highlights:

The report provides valuable insights into the Compound Annual Growth Rate (CAGR) of the Service Robotics Market, projecting its growth from 2022 to 2030. It offers a comprehensive analysis of the key drivers fueling market expansion, highlighting the factors that will propel growth during the forecast period. Additionally, the report delivers precise estimates of the market size and share, helping stakeholders understand the Service Robotics Market’s position in the broader industry.

Future trends and consumer behavior forecasts are also covered, offering a forward-looking perspective on market shifts. The report includes a regional growth analysis, breaking down the performance of the Service Robotics Market across;

  • North America (By Type, By Application, By Country)
    • U.S. (By Type)
    • Canada (By Type)
  • Europe (By Type, By Application, By Country)
    • Germany (By Type)
    • U.K. (By Type)
    • France (By Type)
    • Rest of Europe (By Type)
  • Asia Pacific (By Type, By Application, By Country)
    • China (By Type)
    • India (By Type)
    • Japan (By Type)
    • Southeast Asia (By Type)
    • Rest of Asia Pacific (By Type)
  • Middle East & Africa (By Type, By Application, By Country)
    • GCC (By Type)
    • South Africa (By Type)
    • Rest of the Middle East and Africa (By Type)
  • Latin America (By Type, By Application, By Country)
    • Brazil (By Type)
    • Mexico (By Type)
    • Rest of South America (By Type)

Segmentation of this market:

Service Robotics Market Size, Share & Industry Analysis, By Type (Professional and Personal) By Application (Domestic and Industrial/Commercial), and Regional Forecast, 2023-2030

Explore a comprehensive Table of Contents, featuring detailed charts, tables, and figures, spread across 120+ pages. This report offers exclusive data, key statistics, industry trends, and insights into the competitive landscape within this niche sector.

Table of Contents:

  • Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Drivers
    • Restraints
    • Opportunities
  • Key Insights
  • Industry Developments – Mergers, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Advancements
  • Value Chain Analysis

TOC Continued…!

Drivers & Restrains:

  • Drivers:
    • Rising demand for automation across various industries, including healthcare, hospitality, and logistics.
    • Technological advancements in artificial intelligence and machine learning enhancing the capabilities of service robots.
  • Restraints:
    • High initial investment costs and ongoing maintenance expenses for service robotics systems.
    • Concerns about job displacement and resistance from the workforce affecting market adoption.

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