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.
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.
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 $580.6 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Hospitality Robots Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Hospitality Robots Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Hospitality Robots Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ 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 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.
Select Competitors (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.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 566.7 Million |
| Forecasted Market Value ( USD | $ 2200 Million |
| Compound Annual Growth Rate | 21.5% |
| Regions Covered | Global |
