Shaping the Commercial Robots Market in 2025: Serve Robotics Unveils Advanced Third-Generation Delivery Robot To Enhance Urban Food And Drink Services

How Big Is the Commercial Robots Market Expected to Be, and What Will Its Growth Rate Be?
The market size for commercial robots has seen significant growth in the past few years. Projections show that this market, valued at $24.9 billion in 2024, is set to increase to $30 billion in 2025, reflecting a compound annual growth rate (CAGR) of 20.5%. Factors causing this growth in the historical period include heightened demand for automation, a rising need for efficiency and productivity, increased understanding of safety issues, a surge in research and development investment, a growing interest in Robotics as a Service (RaaS) models, widening uses of robots within the construction industry, and an increasing acceptance of collaborative robots, or cobots.

There is an expectation for substantial growth in the commercial robots market size in the coming years, reaching $62.4 billion in 2029 at a compound annual growth rate (CAGR) of 20.1%. This growth through the forecast period can be attributed to the escalating demand for automation, increased awareness of the advantages of robotics in the healthcare sector, heightened emphasis on logistics and warehousing efficiency, an influx of investment in robotic startups, and a growing need for robotic automation solutions and autonomous vehicles. Notable trends during this forecast period comprise of the accelerating incorporation of artificial intelligence and machine learning, increasing use of Internet of Things (IoT) technology, a rising inclination towards smart factories, an increased embracing of collaborative robots, expanding use of robotic process automation (RPA), introduction of sophisticated sensors like LiDAR, the penetration of robotics in small and medium sized enterprises (SMEs), increased utilization of telepresence robots, integration of drones, and enhancements in robotic hardware technologies.

What Is Driving the Growth Trajectory of the Commercial Robots Market?
The growth of the commercial robot market is anticipated to be driven by the rise in industrialization. Industrialization, which encompasses production mechanization, exploitation of nonliving energy sources, and labor organization in extensive factories permitting mass production and economic expansion, is seeing an upswing due to various factors. These include the flourishing industrial revolution and the expanding manufacturing sector. Commercial robots are deployed by companies to emulate, support, or substitute human tasks. For instance, the National Bureau of Statistics (NBS) of China, who are accountable for the collecting, scrutinizing, researching, and publishing of statistics, reported that the nation's industrial production saw a rise of 4.6% year on year in October 2023, outpacing predictions of a 4.4% growth. This growth surpassed the 4.5% rate noted in September 2023. Thus, heightened industrialization is fueling the growth of the commercial robot market.

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Who Are the Dominant Companies Influencing Commercial Robots Market Trends?
Major companies operating in the commercial robots market are Honda Motor Co. Ltd., Northrop Grumman Corporation, ABB Ltd., Omron Corporation, Yaskawa Electric Corporation, Kuka AG, Teradyne Inc., SICK AG, Techman Robot Inc., iRobot Corporation, SoftBank Robotics Group, UBTECH Robotics Corp Ltd., Pudu Technology Inc., Fourier Intelligence, Boston Dynamics, 3DR Inc., Sarcos Technology and Robotics Corporation, inVia Robotics Inc., PickNik Inc., Wingcopter, Vecow Co. Ltd., Robocath, Agrobot, Keenon Robotics Co. Ltd., Universal Robots A/S

How Is the Commercial Robots Market Evolving?
Major firms in the commercial robot market are channelling their investments into cutting-edge robotic technology like the third-generation delivery robot. This initiative is primarily aimed at augmenting delivery services in metropolitan areas, leading to enhanced efficiency and customer gratification. Third-generation delivery robots are advanced autonomous delivery robots that offer significant improvement from their predecessors in areas like technology, functionality, and user-friendliness. In October 2024, Serve Robotics, Inc., a US firm specializing in creating and implementing robotic delivery solutions, unveiled their latest third-generation delivery robot. This report mentioned that the robot was specifically engineered to boost food and beverage delivery service in Los Angeles. The upgraded model has a larger capacity storage for bigger items, such as pizzas, improved speed, battery longevity for extended travel on a single charge, superior water-proof qualities, and rapid braking abilities for optimum performance even in harsh weather conditions. Serve Robotics was initially part of Postmates, which Uber acquired. The company plans to exploit the burgeoning delivery market in L.A, in areas like Hollywood and Koreatown. The company underlines the environmental and economic advantages associated with these robots, which could potentially contribute to a reduction in delivery expenses, stimulate local trade, and generate job opportunities in the gig economy.

What Are the Different Segmentations in the Commercial Robots Market?
The commercial robots market covered in this report is segmented -

1) By Type: Field Robots, Medical Robots, Autonomous Guided Robotics, Drones, Other Types
2) By Technology: Automatic, Semi-Automatic, Manual
3) By Application: Medical And Healthcare, Defense And Security, Agriculture And Forestry, Marine, Other Applications

Subsegments:
1) By Field Robots: Agricultural Robots, Construction Robots, Mining Robots
2) By Medical Robots: Surgical Robots, Rehabilitation Robots, Diagnostic Robots
3) By Autonomous Guided Robotics: Automated Guided Vehicles (AGVs), Automated Material Handling Systems
4) By Drones: Commercial Drones for Delivery, Surveillance Drones, Inspection Drones
5) By Other Types: Cleaning Robots, Security Robots, Retail Robots

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Which Region Is at the Forefront of the Commercial Robots Market?
North America was the largest region in the commercial robots market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Commercial Robots Global Market Report?

- Market Size Analysis: Analyze the Commercial Robots Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Commercial 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 Commercial Robots Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Commercial Robots Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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