The global market for Service Robotics was valued at an estimated US$37.0 Billion in 2023 and is projected to reach US$103.7 Billion by 2030, growing at a CAGR of 15.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.Growing Clout of Tertiary Sector Throws Spotlight on Service Robots
The growth in the service robotics market is driven by several factors, including the aging global population, labor shortages in various industries, and the increasing demand for automation and efficiency. The aging population, particularly in developed countries, has created a substantial need for assistive robots that can support elderly individuals in daily activities and healthcare services. Labor shortages, exacerbated by demographic shifts and changing labor market dynamics, have led industries such as hospitality, retail, and healthcare to adopt service robots to fill gaps and maintain service levels.
The rise of smart homes and the growing acceptance of robots in domestic settings have also contributed to market growth, with consumers seeking robotic solutions for cleaning, security, and companionship. Furthermore, ongoing advancements in AI and robotics technology continue to enhance the capabilities and affordability of service robots, driving their adoption across various sectors. As these trends converge, the service robotics market is poised for significant expansion, offering innovative solutions to meet the evolving needs of society and industry.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Service Robotics Hardware segment, which is expected to reach US$71.2 Billion by 2030 with a CAGR of a 15.0%. The Service Robotics Software segment is also set to grow at 18.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $13.0 Billion in 2023, and China, forecasted to grow at an impressive 19.9% CAGR to reach $9.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Service Robotics Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Service Robotics Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Service Robotics Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ 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 Daifuku Co., Ltd., DeLaval, Gecko International Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 188 Featured):
- Daifuku Co., Ltd.
- DeLaval
- Gecko International Corporation
- Honda Motors Co., Ltd.
- Husqvarna AB
- Intuitive Surgical, Inc.
- KUKA Aktiengesellschaft
- LG Electronics, Inc.
- RedZone Robotics, Inc.
- RoboBuilder Co., Ltd.
- Samsung Electronics Co., Ltd.
- SeaRobotics Corp.
- Toyota Motor Corporation
- Yujin Robot Co., Ltd.
- Zucchetti s.p.a.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISLATIN AMERICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
SOUTH KOREA
REST OF ASIA-PACIFIC
REST OF WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Daifuku Co., Ltd.
- DeLaval
- Gecko International Corporation
- Honda Motors Co., Ltd.
- Husqvarna AB
- Intuitive Surgical, Inc.
- KUKA Aktiengesellschaft
- LG Electronics, Inc.
- RedZone Robotics, Inc.
- RoboBuilder Co., Ltd.
- Samsung Electronics Co., Ltd.
- SeaRobotics Corp.
- Toyota Motor Corporation
- Yujin Robot Co., Ltd.
- Zucchetti s.p.a.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 624 |
Published | July 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 37 Billion |
Forecasted Market Value ( USD | $ 103.7 Billion |
Compound Annual Growth Rate | 15.8% |
Regions Covered | Global |