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Personal Robots Market 2018-2023 Demand and Trends With Key Players - Sony Electronics, Samsung Electronics, F&P Personal Robotics, ZMP Inc., Segway, Neato Robotics, ECOVACS Robotics, Hasbro and iRobot

12-17-2018 06:04 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Personal Robots Market 2018-2023 Demand and Trends With Key

The global personal robots market is projected to reach $34,120.3 million by 2022, growing at a CAGR of 37.8% during 2018 - 2022. The increase in urbanization is introducing machines, such as personal robots, in the households. Moreover, the declining price of personal robots has been encouraging the budget-conscious customers to purchase them. cleaning robots have been the largest contributors to the global market, whereas the market of companion robots is expected to witness the highest CAGR BY 2022.

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Geographically, Europe has been the largest personal robots market, where Germany stood as the largest contributor to the regional market. In North America, the U.S. has been the major market for personal robots, whereas in Asia-Pacific, Japan has been the major contributor to the reginal revenue. Brazil was the largest market in the Rest of the World, which includes Latin American and Middle-East & African countries.

Aging population has been a major factor driving the growth of the global personal robots market. Besides, factors such as declining price of personal robots and increasing demand for mobile robots have equally proved to be the key drivers for the market.

Some of the key players in the global market include Honda Motor Co. Ltd., Sony Corporation, Samsung Electronics Co. Ltd., F&P Robotics AG, ZMP Inc., Segway Inc., Neato Robotics Inc., Ecovacs Robotics Inc., Hasbro Inc. and iRobot Corporation.

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GLOBAL PERSONAL ROBOTS MARKET SEGMENTATION -
By Type
• Cleaning Robot
• Entertainment & Toy Robot
• Education Robot
• Handicap Assistance Robot
• Companion Robot
• Personal Transportation Robot
• Security Robot
• Others

About P&S Intelligence

P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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