Hospitality Robots Market size was estimated at $295.5 million in 2021 and is expected to reach $1818.4 million by 2031, growing at a CAGR of 25.5% during the forecast period of 2022 to 2031.
Hospitality Robots Market
A robot is a machine programmable by a computer to execute a complex series of actions automatically. Technological advancement all across the globe has given a spike to the use of robots in the hospitality industry. Hospitality robots are the specialized machine that is built to assist with customer service process. Moreover, it also assists in improving the overall experience of the customer in a hotel. The deployment of robots in the hotels enables the hotel management to perform various functionalities such as managing the front desk, storage services, and even the check-in and check-out services. The main motive behind the deployment of robots in the hospitality industry is to target a specific audience and offer the required services to then to enhance the experience of the customer.
Hospitality Robots Market Growth and Trend
The hospitality robots market is growing rapidly, owing to the rising demand for automation in the hospitality industry. Increased demand for IoT-based technology and the emergence of the 5G network is also propelling the market demand to a great extent. Moreover, the variety of services offered by the robots like desk services, providing information, guiding the guests in the right direction, and handling late-night orders will further multiply the expansion of the hospitality robot market in the foreseeable future. AI and machine learning are becoming the mainstream technologies for the deployment of robots in the hospitality sector. The growing inclination of hotels towards the robotic system for cleaning purposes such as the adoption of disinfecting robots and automated vacuum cleaners are complementing the demand for hospitality robots. In addition, the rising demand for enhanced user interface accessibility, improved customer experience, and security concerns will prompt business growth. However, the high cost and threat to cyberattacks are expected to act as the major limitation for the growth of the hospitality robots market over the forecast period.
The emergence of the Covid-19 pandemic had a negative impact on the hospitality sector. But as the world moves through the pandemic, various industries including, the hospitality industry, are accelerating their digital transformation. From minimal interpersonal contact for containing the spread of the virus to automating hotels services, such scenarios are likely to act as an add-on to the market growth over the forecast period.
Hospitality Robots Market Segmentation
The global hospitality robot market is segmented on the basis of sales channels, end-users, and types. Based on the sales channel, the market is divided into offline and online sales channels. The online sales segment is projected to grow rapidly in the upcoming years due to the development of advanced network technology and the emergence of 5G network. Based on end-users, the market is classified into the travel and tourism sector, restaurants and bars, hotels, and others. The hotel segment is expected to lead the market in the coming years. The segmental growth can be attributed to the growing demand for automating various services. The type segment of the global hospitality robot market includes cleaning robots, delivery robots, front desk robots, and others. The front desk robots segment holds the largest share in the global hospitality robots market. The segmental growth can be attributed to the rising need to improve customer care services.
Hospitality Robots Market Country Analysis
North America is an early adopter of this technology and holds a significant share of the hospitality robot market. The regional growth can be attributed to the increasing demand for IoT technology and artificial intelligence. Moreover, technological advancements in robotics technology are expected to drive market growth. On the other hand, Asia Pacific is anticipated to witness robust growth in the coming years due to the growing tourism industry of the region.
Hospitality Robots Market Share and Competition
The prominent players operating in the global hospitality robots market are Ubtech Robotics, Inc., Softbank Robotics, Maidbot, Aethon Inc., Knightscope, Inc, Hyundai Robotics Co., Ltd, Travelmate Robotics, BotsAndUs, Connected Robotics, and Savioke.
Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2032)
• Data breakdown for every market segment (2022 – 2032)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2032)
• Cleaning Robots
• Delivery Robots
• Front Desk Robots
• Others
Sale Channel Analysis (Revenue, USD Million, 2022 - 2032)
• Offline Sale Channels
• Online Sales Channels
End-Users Analysis (Revenue, USD Million, 2022 - 2032)
• Travel and Tourism Sector
• Restaurants and Bars
• Hotels
• Others
Region Analysis (Revenue, USD Million, 2022 – 2032)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Hospitality Robots Market Companies
• Ubtech Robotics, Inc.
• Softbank Robotics
• Maidbot, Aethon Inc.
• Knightscope, Inc
• Hyundai Robotics Co., Ltd
• Travelmate Robotics
• BotsAndUs
• Connected Robotics
• Savioke
Available Versions:-
• United States Hospitality Robots Industry Research Report
• Europe Hospitality Robots Industry Research Report
• Asia Pacific Hospitality Robots Industry Research Report
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