Hospitality Robots Market to Witness Comprehensive Growth by 2030 | Savioke, Connected Robotics

According to the report published by Allied Market Research, the global hospitality robots market was estimated at $295.5 million in 2020 and is expected to hit $3.08 billion by 2030, registering a CAGR of 25.5% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Increased advantages of robot automated work over human work, rise in utility of robots in the hospitality sector, and penetration of automation in commercial appliances drive the growth of the global hospitality robots market. On the other hand, high initial acquisition costs restrain the growth to some extent. However, surge in concerns for safety and cleanliness at hotels, restaurants, and bars is expected to create multiple opportunities in the near future.

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By end user, the hotels segment accounted for nearly two-thirds of the total market revenue in 2020, and is anticipated to retain its dominance by 2030. The restaurants and bars segment, however, would grow at the fastest CAGR of 27.4% from 2021 to 2030.

Based on region, the market North America contributed to the major share in 2020, holding more than one-third of the global hospitality robots market. Simultaneously, Asia-Pacific would cite the fastest CAGR of 29.2% from 2021 to 2030. Other provinces studied in the report include LAMEA and Europe.

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The key market players analyzed in the global hospitality robot market report include Connected Robotics

BotsAndUs

Travelmate Robotics

Ubtech Robotics, Inc.

Hyundai Robotics Co., Ltd

Knightscope, Inc

Maidbot

Aethon Inc.

Softbank Robotics

Savioke

Key findings of the study

The hospitality robots market size was valued at $295.3 million in 2020 and is estimated to reach $3,081 million by 2030, registering a CAGR of 25.5% from 2021 to 2030.
In 2020, depending on type, the front desk robots segment was valued at $151.8 million, accounting for 51.4% of the global hospitality robots market share.
In 2020, depending on end user, the travel and tourism industry segment was valued at $57.4 million, accounting for 19.4% of the global hospitality robots market share.
In 2020, depending on sales channel, the offline segment was valued at $126.1 million, accounting for 42.7% of the global hospitality robots market.
In 2020, the U.S. was the most prominent market in North America and is projected to reach $821.9 million by 2030, growing at a CAGR of 23.9% during the forecast period.

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Know More- https://www.globenewswire.com/en/news-release/2021/09/14/2296824/0/en/Global-Hospitality-Robots-Market-Is-Expected-to-Reach-3-08-Billion-by-2030-Says-AMR.html

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