Global Reception Robotics Market to Reach $13.5 Bn by 2027: COVID Imapct, Opportunities, Trends and Forecast

Evolve business intelligence, today has published a new market research report on “Reception Robotics Market with COVID-19 impact, global and segmental analysis”. According to the report, the global Reception Robotics market is expected to grow from $235.2 million in 2019, which is expected to reach $13.5 billion by 2027, growing at the CAGR of 67.84% from 2020 to 2027.

For more information on the report: https://evolvebi.com/product/reception-robotic-market-2020-2027/

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the reception robotics market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the reception robotics market report also includes the following data points:
• COVID19 Impact on reception robotics market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the reception robotics market

Analyst View
According to Lekha, Principal Analyst, Evolve Business Intelligence, “the recent COVID scenario is expected to provide a much-needed push for the adoption of robotics in the coming years. Reception robotics is one of the major robotics categories that may witness high growth due to increasing adoption of several norms of social distancing in the workplaces worldwide have started following.”

Competitive Scenario
Some of the major reception robotics players holding high market share include SoftBank Robotics, Engineered Arts Ltd, PAL Robotics, and Wyca Robotics. These players adopted new product development as a key strategy to gain significant market share to compete with market leaders.

Segmental Analysis
The report's aim is to provide a holistic market overview based on offerings and end-users.
Offering
• Robot
• Robot-as-a-Service
End-Users
• Hospitality
• Retail
• BFSI
• Others

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the reception robotics market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:
• SoftBank Robotics
• Engineered Arts Ltd
• Shanghai Jinghong Robot Co., Ltd.
• UBTECH Robotics
• Wyca Robotics
• FUTUREROBOT CO., LTD.
• PAL Robotics
• Suzhou Pangolin Robot Corp., Ltd.
• Sanbot Innovation Technology
• We Robots GmbH

To request a free sample report, click on the “Request Sample PDF” button on https://evolvebi.com/product/reception-robotic-market-2020-2027/

Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trade maps, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants' financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives
• To define, describe, and forecast the reception robotics market, in terms of value, segmented based on indication, type, technology, and geography
• To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
• To provide detailed information regarding drivers, restraints, and opportunities, in the reception robotics market
• To provide an overview of the value chain analysis about the reception robotics industry
• To strategically analyze each segment and subsegment concerning individual overall growth trends and their contribution to the overall reception robotics market
• To analyze opportunities in the market by identifying high-growth segments of the reception robotics market
• To profile key players in the reception robotics market and comprehensively analyze their core competencies
• To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global reception robotics market

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This release was published on openPR.