Press release
Comprehensive Hospitality Robots Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Hospitality Robots Market Size
The hospitality robots market will grow from $0.55 billion in 2024 to $0.71 billion in 2025, at a CAGR of 29.1%. This growth is driven by the benefits of automation over human labor, enhanced robot capabilities, improved customer satisfaction, and the need for higher productivity and efficiency.
The Hospitality Robots market will grow exponentially to $1.96 billion by 2029, with a CAGR of 28.9%. Growth drivers include robotic automation in the hospitality sector, tourism industry growth, and staff reduction in hotels. Trends include IoT integration, innovative technologies, and AI-driven solutions.
What Is Stimulating Growth in the Hospitality Robots Market?
The expansion of the tourism industry is expected to propel the growth of the hospitality robots market. The tourism industry includes all travel and leisure activities undertaken for recreational, cultural, or business purposes. As people seek leisure, cultural exploration, or business opportunities, the demand for the tourism industry grows, contributing to global economic progress and cultural exchange. Hospitality robots enhance customer service, room assistance, cleaning, and entertainment, improving guest experiences and operational efficiency. For instance, in October 2024, the OECD iLibrary, based in France, forecasted U.S. international visitation to reach 77.7 million in 2024, 85.2 million in 2025, and 91.1 million in 2026, surpassing 2019's 79.4 million visitors. Therefore, the tourism industry's growth is fostering the development of the hospitality robots market.
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Which Key Market Leaders Are Driving Hospitality Robots Industry Growth?
Major companies operating in the hospitality robots market report are LG Electronics Inc.; Panasonic Corporation; Softbank Robotics Group Corp.; ABB Ltd.; Omron Corporation; Fanuc Corporation; Kuka AG; Boston Dynamics Inc.; Aethon Inc.; Simbe Robotics Inc.; Sarcos Technology and Robotics Corporation; Stanley Robotics; Pypestream Inc.; Savioke Inc.; Bear Robotics Inc.; Blue Frog Robotics; Connected Robotics Inc.; Knightscope Inc.; PAL Robotics SL; Hyundai Robotics Co. Ltd.; RobotLAB Inc.; Relay Robotics Inc.; Tailos Inc.; Hanson Robotics Ltd.
What Are the Emerging Trends in the Hospitality Robots Industry?
In the hospitality robots market, companies are focusing on developing AI-integrated service robots to enhance the efficiency of hospitality processes. For example, in February 2023, Bear Robotics Inc., a US-based robotics company, launched Servi, an AI-powered service robot. Servi assists with food and drink service, clearing tables, and providing staff with more time to focus on customer service. It is equipped with autonomous capabilities and sensors for intelligent navigation and can learn table locations for repeated deliveries.
What Are the Main Segments in the Hospitality Robots Market?
The hospitality robots market covered in this report is segmented -
1) By Type: Delivery Robots, Front Desk Robots, Cleaning Robots, Other Types
2) By Sales Channel: Online, Offline
3) By End User: Hotels, Bars And Restaurants, Travel And Tourism, Other End-Users
Subsegments:
1) By Delivery Robots: Food And Beverage Delivery Robots, Room Service Delivery Robots, Laundry And Towel Delivery Robots
2) By Front Desk Robots: Check-In Or Check-Out Assistance Robots, Concierge Robots, Information And Directional Robots
3) By Cleaning Robots: Floor Cleaning Robots, Window Cleaning Robots, Surface Cleaning Robots
4) By Other Types: Security Robots, Maintenance And Repair Robots, Entertainment Robots
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Which Geographic Area Leads the Hospitality Robots Market?
North America was the largest region in the hospitality robots market in 2024. Asia-Pacific is expected to be the fastest growing region in the market. The regions covered in the hospitality robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Hospitality Robots Global Market Report?
- Market Size Analysis: Analyze the Hospitality Robots Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hospitality Robots Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hospitality Robots Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hospitality Robots Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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