Service Robotics Market Recent Trends and Business Opportunities 2023 to 2030

Global Service Robotics Market 2023-2030, report discovers comprehensive insights on key manufacturers with share information, market size and projection, key dynamics, growth factors, and new company profiles. The report provides detailed information about the market overview, prevalent trends, demand, and recent developments impacting the market growth in the coming years. Service Robotics Market opportunities analysis, strategic growth analysis, product launches, marketplace expanding, and technological innovations are also highlighted. The report uncovers Service Robotics market size, potential growth, trends and expansion strategies followed by top prominent players.

The Global Service Robotics Market Size Was Valued At USD 16.95 Billion In 2021. The Market Is Projected To Grow From USD 19.52 Billion In 2022 To USD 57.35 Billion By 2029, Exhibiting A CAGR Of 16.6% During The Forecast Period.

𝗚𝗲𝘁 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗟𝗮𝘁𝗲𝘀𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗼𝗻 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 2022 𝗕𝗲𝗳𝗼𝗿𝗲 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲:
https://www.contrivedatuminsights.com/request-sample/248469

The COVID-19 pandemic has been shocking and has never happened before. As a result, the demand for service robots is lower than expected in all areas compared to before the pandemic. According to the research we did, the average drop in the global market from 2019 to 2020 was 14.6%.
Service robots are machines that do useful things for people to help them. Most of them can be put into two groups: work robots and play robots. They can also be split into two groups based on how they are used: in homes and in factories.
In the domestic segment, all of the robots that are used for personal and indoor tasks are put together. Two things that are making domestic robots more popular around the world are the use of Internet of Things (IoT) devices in homes and the release of more accurate and less expensive robots for home use. In the industrial/commercial segment, they talk about the tools that factories use to do factory-related work. Efforts to automate industrial facilities and cut down on labour costs by reducing the amount of human involvement in industrial operations are driving the market for industrial service robots.

𝗦𝗼𝗺𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗸𝗲𝘆 𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗽𝗿𝗼𝗳𝗶𝗹𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝘀𝘁𝘂𝗱𝘆 𝗮𝗿𝗲
Ricoh (Japan), Honda Motor Co., Ltd. (Japan), iRobot Corporation (U.S.), KUKA AG (Germany), Intuitive Surgical (U.S.), Daifuku Co., Ltd. (Japan), SoftBank Robotics Group Corp. (Japan), Aethon (U.S.), Boston Dynamics (U.S.), Lely (Netherland), Fetch Robotics, Inc. (U.S.), GreyOrange (U.S.), Geekplus Technology Co., Ltd. (China), Youibot Robotics Co., Ltd. (China), Sirius Robotics (Portugal), and Others.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

𝗕𝘆 𝗧𝘆𝗽𝗲:
• Professional
• Personal
• Others

𝗕𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀:
• Domestic
• Other

𝗚𝗲𝗼𝗴𝗿𝗮𝗽𝗵𝗶𝗰𝗮𝗹𝗹𝘆, 𝘁𝗵𝗲 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗼𝗳 𝗰𝗼𝗻𝘀𝘂𝗺𝗽𝘁𝗶𝗼𝗻, 𝗿𝗲𝘃𝗲𝗻𝘂𝗲, 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗵𝗮𝗿𝗲 𝗮𝗻𝗱 𝗴𝗿𝗼𝘄𝘁𝗵 𝗿𝗮𝘁𝗲, 𝗵𝗶𝘀𝘁𝗼𝗿𝗶𝗰 𝗮𝗻𝗱 𝗳𝗼𝗿𝗲𝗰𝗮𝘀𝘁𝘀 (2022-2030) 𝗼𝗳 𝘁𝗵𝗲 𝗳𝗼𝗹𝗹𝗼𝘄𝗶𝗻𝗴 𝗿𝗲𝗴𝗶𝗼𝗻𝘀 𝗮𝗿𝗲 𝗰𝗼𝘃𝗲𝗿𝗲𝗱:
• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:
Asia-Pacific is expected to grow a lot because technology is getting better and more factories in all parts of the region are becoming more and more automated. The big and important economies of Japan, China, and India drive the Asia-Pacific market. Industrial automation is also driven by two of the biggest growth drivers: good government policies in the manufacturing industry and a greater focus on economic diversification in emerging countries. Because of this, there is more demand for this type of robotics. The best sign that the market will grow a lot in the region over the next few years is that the number of robots on the market is growing.
China is expected to grow a lot, and over the period of the forecast, its CAGR is expected to be the highest. The country is at the top of the market because it has invested a lot of money in its manufacturing sectors. China is a hub for manufacturing because it has low costs for manufacturing, labour, and raw materials. Because of this, suppliers think they can make a lot of money by making a lot of electronic products and selling them in other parts of the region. But domestic manufacturers who sell to local customers have a very weak position on the market, even though they have a sustainable and profitable manufacturing model that has helped them build a large manufacturing cluster in the market of the country.
For example, by the end of 2017, local manufacturers' share of the Chinese market had dropped from 31% in 2016 to almost 25%. The fact that global giants are making more of their products in China is the main reason why local vendors aren't doing well on the market in that area. In 2020, ABB Ltd. decided that by the end of 2020, they would have built a factory.
Europe had the second largest share of the world market, after Asia-Pacific. This was mostly because a lot of countries in Europe wanted robots for work and for personal use. The International Federation of Robotics says that the most service robots are made in Europe. This is because they are being used more and more in fields like medicine, logistics, retail, and defence. Also, the U.K., Italy, France, and Germany are expected to grow a lot during the forecast period, which will make more people use service robots in the region.
Many of the biggest manufacturers in the world are based in North America, so it has a good share of the market as well. Even though ABB Ltd., FANUC, KUKA AG, and Yaskawa are the top four automation solution providers, their home markets are not in North America. However, their high level of technological innovation means that their products are in high demand in North America, which is pushing these companies to work more efficiently across the region. The work that these companies do to make technology better also helps North America grow. They do this by putting a lot of money into important things like research and development, strategic partnerships, acquisitions, collaborations, and joint ventures.

𝗧𝗼 𝗚𝗲𝘁 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗔𝗰𝗰𝗲𝘀𝘀 𝗢𝗳 𝗧𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝗹𝗶𝗰𝗸 𝗛𝗲𝗿𝗲:
https://www.contrivedatuminsights.com/buy/248469

𝗧𝗮𝗯𝗹𝗲 𝗼𝗳 𝗖𝗼𝗻𝘁𝗲𝗻𝘁:
1. Executive Summary
2. Research Methodology
3. Market Outlook
4. Covid-19 Impact On Service Robotics Market
5. Service Robotics Market Overview, By Segmentation, 2017 - 2030 (USD Million)
6. Service Robotics Market Overview, By Geography, 2017 - 2030 (USD Million)
7. North America Service Robotics Market Overview, By Countries, 2017 - 2030 (USD Million)
8. Europe Service Robotics Market Overview, By Countries, 2017 - 2030 (USD Million)
9. Asia Pacific Service Robotics Market Overview, By Countries, 2017 - 2030 (USD Million)
10. Middle East & Africa Service Robotics Market Overview, By Countries, 2017 - 2030 (USD Million)
11. South America Service Robotics Market Overview, By Countries, 2017 - 2030 (USD Million)
12. Competitive Landscape
13. Key Vendor Analysis
14. Service Robotics Market Cost Analysis
15. Industrial Chain, Sourcing Strategy and Downstream Buyers
16. Marketing Strategy Analysis, Distributors/Traders
17. Market Effect Factors Analysis
18. Future Outlook of the Market

𝗥𝗲𝗮𝗱 𝗗𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗜𝗻𝗱𝗲𝘅 𝗼𝗳 𝗳𝘂𝗹𝗹 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝘁𝘂𝗱𝘆 𝗮𝘁
https://www.contrivedatuminsights.com/product-report/service-robotics-market-248469

𝗪𝗵𝘆 𝗬𝗼𝘂 𝗦𝗵𝗼𝘂𝗹𝗱 𝗕𝘂𝘆 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:
1. The forecast for the established and growing markets for global Service Robotics Market.
2. Use Porter's Five Forces analysis to analyze various market perspectives.
3. The market segment that is anticipated to dominate the Service Robotics industry worldwide.
4. Geographical areas that are anticipated to experience the quickest growth over the projection period.
5. Identify the most recent innovations, market shares for global Service Robotics and marketing techniques used by the leading industry competitors.

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𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀:
Anna B. | Head Of Sales
Contrive Datum Insights
Phone: +91 9834816757 | +1 2152974078
Email: anna@contrivedatuminsights.com

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.

This release was published on openPR.