Dublin, April 23, 2024 (GLOBE NEWSWIRE) -- The "Global Hospitality Robots Market 2024-2028" report has been added to ResearchAndMarkets.com's offering.
The global hospitality robots market is forecast to grow by USD 471.77 million during 2023-2028, accelerating at a CAGR of 14.19% is set to experience notable growth over the next five years.
This expansion is primarily due to the increasing implementation of artificial intelligence (AI) in robotics, along with a surge in the number of innovative start-ups within the hospitality robotics sector. The continued discovery of advantages provided by automated robotics over traditional human labor is also a significant factor fueling market growth.
Segment Analysis: Focus on End-user and Geographical Reach
The comprehensive market analysis segments the hospitality robots market into several categories, including by end-user and distribution channel. The end-user segment is further divided into hotels, restaurants and bars, and the travel and tourism industry.
This structure allows for a granular view of the market, giving stakeholders vital insights into specific areas of operation. In terms of geography, the market study covers North America, Europe, the Asia-Pacific region, South America, and the Middle East and Africa, providing a global perspective on the adoption and demand for hospitality robots.
Market Influencers: Integration of IoT and Labor Shortages
The integration of the Internet of Things (IoT) with robots constitutes a primary market influencer, poised to drive significant growth within the hospitality robots market in the upcoming years. Additionally, a noted shortage of labor in the hospitality sector combined with a rising need for operational efficiency is expected to generate considerable demand in the market.
Vendor Analysis and Competitive Landscape
The analysis presents a comprehensive view of the competitive landscape, with a robust vendor analysis designed to offer strategic insights to clients. The study identifies leading vendors in the hospitality robots market based on diverse criteria, contributing to a complete vendor landscape overview.
Companies Profiled:
- Awabot
- Bear Robotics Inc.
- Connected Robotics Inc.
- Hyundai Motor Co.
- KNEXT
- Knightscope Inc.
- Pudu Technology Inc.
- Pypestream LLC
- Quantum Robotics
- Relay Robotics Inc.
- Richtech Robotics Inc.
- Shanghai Gaussian Automation Technology Development
- Shanghai Qinglang Intelligent Technology
- Singapore Technologies Engineering
- sliQue Robotics
- SoftBank Robotics Group Corp.
- Tailos
- UBTECH Robotics Group
- LG Electronics Inc.
Key Topics Covered:
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global hospitality robots market 2018 - 2022
4.2 End-user Segment Analysis 2018 - 2022
4.3 Distribution Channel Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by End-user
6.1 Market segments
6.2 Comparison by End-user
6.3 Hotels - Market size and forecast 2023-2028
6.4 Restaurants and bars - Market size and forecast 2023-2028
6.5 Travel and tourism industry - Market size and forecast 2023-2028
6.6 Market opportunity by End-user
7 Market Segmentation by Distribution Channel
7.1 Market segments
7.2 Comparison by Distribution Channel
7.3 Online - Market size and forecast 2023-2028
7.4 Offline - Market size and forecast 2023-2028
7.5 Market opportunity by Distribution Channel
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 APAC - Market size and forecast 2023-2028
9.6 South America - Market size and forecast 2023-2028
9.7 Middle East and Africa - Market size and forecast 2023-2028
9.8 US - Market size and forecast 2023-2028
9.9 Germany - Market size and forecast 2023-2028
9.10 UK - Market size and forecast 2023-2028
9.11 China - Market size and forecast 2023-2028
9.12 France - Market size and forecast 2023-2028
9.13 Market opportunity By Geographical Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/r/tii7uc
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