Global Personal Service Robotics Market Anticipated to Grow at a CAGR of 28.0% during 2016-2024 from USD 2.9 Billion in 2016

According to Goldstein Research, global personal service robotics market is expected to reach USD 21.0 billion by 2024 from USD 2.9 billion in 2016, growing at a CAGR of 28.0% over the forecast period 2016-2024. Growing demand for robots which are skilled in accomplishing tedious household task are expected to propel the growth of personal service robotics market. Global personal service robotics market segmentation has been done on the basis of product type and geography. Domestic or household robots occupied 67% market share to total sales of personal service robots in 2016. Sales volume of domestic robots is projected to reach over 55 million units by 2024.

Global personal service robotics market is largely dominated by Europe with a market share of 35.0% in 2016, followed by North America personal service robotics market valued at USD 0.9 billion in 2016 and is estimated to register healthy growth during the forecast period. Moreover, growing number local players for personal service robots in countries such as China and Japan, Asia Pacific personal service robotics market is expected to bring ample of opportunities in the near future.

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Market Segmentation

On the basis of our in-depth analysis, Global Personal Service Robotics Market can be segmented as follows:

Based on Product Type

o Household/Domestic Robots
 Cleaning Robots
 Assistive Robots
 Other Robots(Lawn-Mowing Robots, Home Security & Surveillance Robots)
o Entertainment or Leisure Robots
 Toy Robots
 Education & Research Robots
 Other Robots (Robotic Companion Pets and Multimedia Robots)

Based On Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Personal Service Robotics Market Outlook 2024” contains detailed overview of the global personal service robotics market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type.

Further, for the in-depth analysis, Global Personal Service Robotics Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as iRobot Corporation, Ecovacs, Future Robots, Gecko Systems, Hanool Robotics, Hayward Industries, Hoover, Intel, Jibo, LG Electronics, Mamirobot, Matsutek, Maytronics, Miele, Neato Robotics Inc., Yujin Robot, GCtronic, DO bots, ROBOPOLIS, Pentair, Samsung Electronics, Softbank Group Corporation, Sony Corporation, Toshiba, Wany Robot, WowWee, Zodiac, Awabot, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global personal service robotics market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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