Press release
Personal Services Robotics Market by component, Applications, Global Challenges, Analysis and outlook to 20222
Latest Report on Personal Services Robotics Market Global Analysis & 2022 Forecast Research Study
Global Personal Services Robotics Market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
Honda Motor Co Ltd. (Japan),
Ecovacs Robotics Inc (China),
Samsung Electronics Co. Ltd. (Korea),
F&P Robotics AG (Switzerland),
Hanool Robotics Corp. (Korea),
ZMP Inc (Japan).,
Segway Inc.(U.S.),
Neato Robotics Inc (U.S.).,
Hasbro Inc.(U.S.),
iRobot Corporation (U.S.).
Intended Audience
Personal service robot manufacturers
Distributors
Research firms
Consultancy firms
Software Developers
Vendors
Semiconductor Manufacturers
Stakeholders
End-user sectors
Technology Investors
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Market Scenario:
Personal robots are basically pre-assembled and pre-programmed robots which are used for personal and household applications. The personal robots is designed in such fashion that consumers with less robotic knowledge can operate it effectively and conveniently. The major opportunity witnessed in the field of personal robots industry is due to low-cost cleaning robots.
The factor contributing to the growth of the personal services robotics is aging population in the developed countries. Also, due to the growing aging population in developed countries such as Japan, the demand for humanoid robots is high among the adults. High disposable income and the need for convenience in the developed countries are also boosting the demand of personal service robots.
The declining price of personal robots is encouraging the budget-conscious customers to purchase them. Due to the competitive pricing of raw material the average cost of personal robots has declined over the last few years. This decline in prices of raw material had a significant impact on the overall manufacturing of personal service robots. However, still the personal robots are only be afforded by the higher economic class which acts as a barrier for the growth of the personal services robotics market.
The increasing demand for mobile robots has been increasing due to security concerns. These robots are not fixed to only one physical location they are capable of locomotion. For instance, these robots can be applied for spying to detect theft.
Geographically, North America accounted to have for the largest market share in the global personal service market followed by Europe whereas Asia Pacific region is expected to grow at a fast pace over the forecast period 2016-2022.
The global personal service robotics market is expected to reach USD 35 billion by the end of 2022 with ~38% CAGR during forecast period 2016-2022
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Segments
For the purpose of this study, Market Research Future has segmented the market of personal service robotics market into application and region.
By Application-
Cleaning Robot
Entertainment & Toy Robot
Education Robot
Handicap Assistance Robot
Companion Robot
Personal Transportation Robot
Security Robot
By Region-
North-America
Europe
Asia-Pacific
RoW
Out of these applications, cleaning robot accounted for the largest market share majorly due to the increasing demand of humanoid robots among the indivisual.
Regional Analysis:
Regionally, North America accounted for the largest market share for personal service robots, especially in U.S. because of high disposable income and adoption of modern technologies.
Asia-Pacific region is expected to grow over the forecast period, 2016-2022 because of growing demand for humanoid robots in Japan, the growing population and high investments for technological advancements.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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