Dublin, Aug. 09, 2024 (GLOBE NEWSWIRE) -- The "Hospitality Robots - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Hospitality Robots is estimated at US$566.7 Million in 2023 and is projected to reach US$2.2 Billion by 2030, growing at a CAGR of 21.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the hospitality robots market is driven by several factors. Technological advancements in AI, robotics, and IoT (Internet of Things) have significantly enhanced the capabilities and affordability of these robots, making them accessible to a broader range of hospitality businesses. The increasing demand for contactless services, accelerated by the COVID-19 pandemic, has prompted many establishments to adopt robots to minimize human contact and reduce the risk of infection. Consumer behavior is also shifting, with guests becoming more accepting and even expecting of robotic services as part of a modern and innovative hospitality experience.
Additionally, the competitive landscape of the hospitality industry is pushing businesses to differentiate themselves by adopting cutting-edge technologies that improve efficiency and customer satisfaction. Government and industry support for technological innovation, coupled with rising investment in automation, further propels the market. The continuous development of more sophisticated and versatile robots ensures that the hospitality sector will keep benefiting from these advancements, driving the market forward.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Hospitality Robots Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Hospitality Robots Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Front Desk Robots segment, which is expected to reach US$1.1 Billion by 2030 with a CAGR of a 21.1%. The Delivery Robots segment is also set to grow at 23.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $154.4 Million in 2023, and China, forecasted to grow at an impressive 29.5% CAGR to reach $580.6 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bear Robotics, Inc., Future Robot Co. Ltd., HD HYUNDAI ROBOTICS, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $566.7 Million |
| Forecasted Market Value (USD) by 2030 | $2200 Million |
| Compound Annual Growth Rate | 21.5% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Hospitality Robots - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Increasing Demand for Automation in Hospitality
- Advances in Robotics and AI Technology
- Growth of Contactless Services Post-COVID-19
- Rising Labor Costs and Staffing Challenges
- Technological Innovations in Service Robots
- Expansion of Robot Applications in Hotels and Restaurants
- Increasing Focus on Guest Experience and Satisfaction
- Development of Multi-Function Hospitality Robots
- Growing Popularity of Personalized Guest Services
- Integration of IoT and Connectivity Features
- Collaboration Between Tech Companies and Hospitality Brands
- Trends in Consumer Preferences for Innovative Services
- Impact of Social Media and Marketing on Robot Adoption
- Expansion of Hospitality Robots in Emerging Markets
- Sustainability and Energy Efficiency Trends
FOCUS ON SELECT PLAYERS (Total 86 Featured)
- Bear Robotics, Inc.
- Future Robot Co. Ltd.
- HD HYUNDAI ROBOTICS
- InOrbit, Inc.
- Knightscope, Inc.
- LG Electronics Co. Ltd
- Omron Corporation
- PAL Robotics SL
- Pudu Technology Inc. (Pudu Robotics)
- Relay Robotics, Inc.
- Richtech Robotics, Inc.
- Robotnik Automation S.L.L.
- sliQue Robotics
- SoftBank Robotics Group Corp.
- ST Engineering, Aethon Inc
- Tailos, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/8t7cec
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