Market Overview:
The global industrial and service robot market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial robots from the automotive and electronics industries, growing demand for hotel and restaurant robots, and rising investments in robotics by countries such as China, South Korea, Japan, and Germany. The industrial robot segment is expected to hold the largest share of the global industrial and service robot market during the forecast period. This segment is driven by factors such as increasing adoption of industrial robots in automotive manufacturing plants due to their ability to improve productivity and efficiency; growing demand for collaborative robots that can work safely alongside humans; rising trend of Industry 4.0 or smart factories;and increasing use of robotics in food processing applications.
Product Definition:
An industrial robot is a robot that performs tasks typically performed by human workers in factories. Industrial robots are used extensively in many industries, including automotive manufacturing, the electronics industry, and the food and beverage industry.
A service robot is a robot that performs tasks for humans in their homes or workplaces. Service robots are used extensively in many industries, including healthcare and hospitality. The importance of industrial and service robots lies in their ability to automate tasks that would otherwise be done by human workers, which can result in increased efficiency and productivity.
Industrial Robot:
Industrial robot is a programmable machine which performs tasks automatically. It is used in various industries including automotive, manufacturing, electronics and semiconductors, printing and packaging etc. to perform work which would be normally done by humans. These robots are cost effective as they can do the work more efficiently than humans with same or less wages.
Hotel and Restaurant Robot:
The hotel and restaurant robot is used to serve the food, clean the tables, and assist the guests in various hotels and restaurants. The robots are equipped with cameras for vision, speakers for communication ability, arms or other attachments for handling objects etc. The robots can be controlled by a human at times through remote control or software interface.
The major use of Hotel & Restaurant Robot is to reduce workforce cost which helps in making profit margin by reducing labor cost.
Application Insights:
The application segment includes the factory as well as the hotel and restaurant. The global demand for service robots in hotels and restaurants has witnessed a paradigm shift due to rising awareness about benefits such as increased efficiency, cost savings, safety along with hospitality services. The use of service robots in hotels and restaurants offers several advantages including improved customer experience by providing personalized services, flexible work hours along with efficient floor cleaning. These factors are likely to drive the market over the forecast period.
The factory is expected to remain at a premium owing to its core functionality of automating processes that were previously done manually thereby increasing production rates while reducing costs on maintenance & operations (M&O). Service robots have been traditionally used within factories for process automation however recent advancements have enabled them also perform other functions such as material handling which will further boost their adoption over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing investments by prominent players in developing countries such as China and Japan, which has resulted in growing demand for industrial robots across various applications. Moreover, rising adoption of service robots for delivering food and beverages is also expected to drive growth across this region.
North America accounted for a significant share of revenue owing to high demand from end-use industries such as manufacturing, logistics and healthcare among others that are witnessing labor shortage issues due to retirements or new employee onboarding costs associated with deploying automation solutions like industrial robots or autonomous vehicles using robotic technology (service robot). Furthermore, growing R&D activities relatedto robotics technologies along with favorable government regulationsare some factors attributing toward regional growth over the forecast period. For instance, according NorthRobotics., U.
Growth Factors:
- Increasing demand for industrial robots from automotive and electronics industries due to the need for high precision and accuracy.
- Growing demand for service robots from the healthcare sector due to the increasing geriatric population and rising prevalence of chronic diseases.
- Proliferation of collaborative robots that can work safely alongside humans in close proximity, which is expected to boost adoption rates among small and medium-sized businesses.
- Rapid advancements in artificial intelligence (AI) and machine learning technologies that are enabling robots to become more intelligent and autonomous, thereby enhancing their usability across a wide range of applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial and Service Robot Market Research Report
By Type
Industrial Robot, Hotel and Restaurant Robot
By Application
Factory, Hotel and Restaurant
By Companies
Ourglass Pte Ltd, Savioke Inc., Kurve Automation Pte Ltd, Techmetics Robotics, ABB Ltd, Daifuku Co. Ltd, Nachi Robotic Systems Inc., Eureka Robotics, Delta Electronics Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Industrial and Service Robot Market Report Segments:
The global Industrial and Service Robot market is segmented on the basis of:
Types
Industrial Robot, Hotel and Restaurant Robot
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Factory, Hotel and Restaurant
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ourglass Pte Ltd
- Savioke Inc.
- Kurve Automation Pte Ltd
- Techmetics Robotics
- ABB Ltd
- Daifuku Co. Ltd
- Nachi Robotic Systems Inc.
- Eureka Robotics
- Delta Electronics Inc.
Highlights of The Industrial and Service Robot Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Robot
- Hotel and Restaurant Robot
- By Application:
- Factory
- Hotel and Restaurant
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial and Service Robot Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial and Service Robot is a type of robot that performs industrial or service tasks.
Some of the key players operating in the industrial and service robot market are Ourglass Pte Ltd, Savioke Inc., Kurve Automation Pte Ltd, Techmetics Robotics, ABB Ltd, Daifuku Co. Ltd, Nachi Robotic Systems Inc., Eureka Robotics, Delta Electronics Inc..
The industrial and service robot market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial and Service Robot Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial and Service Robot Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial and Service Robot Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial and Service Robot Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial and Service Robot Market Size & Forecast, 2020-2028
4.5.1 Industrial and Service Robot Market Size and Y-o-Y Growth
4.5.2 Industrial and Service Robot Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Industrial Robot
5.2.2 Hotel and Restaurant Robot
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Factory
6.2.2 Hotel and Restaurant
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial and Service Robot Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial and Service Robot Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Industrial Robot
9.6.2 Hotel and Restaurant Robot
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Factory
9.10.2 Hotel and Restaurant
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Industrial Robot
10.6.2 Hotel and Restaurant Robot
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Factory
10.10.2 Hotel and Restaurant
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Industrial Robot
11.6.2 Hotel and Restaurant Robot
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Factory
11.10.2 Hotel and Restaurant
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Industrial Robot
12.6.2 Hotel and Restaurant Robot
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Factory
12.10.2 Hotel and Restaurant
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Industrial Robot
13.6.2 Hotel and Restaurant Robot
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Factory
13.10.2 Hotel and Restaurant
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial and Service Robot Market: Competitive Dashboard
14.2 Global Industrial and Service Robot Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ourglass Pte Ltd
14.3.2 Savioke Inc.
14.3.3 Kurve Automation Pte Ltd
14.3.4 Techmetics Robotics
14.3.5 ABB Ltd
14.3.6 Daifuku Co. Ltd
14.3.7 Nachi Robotic Systems Inc.
14.3.8 Eureka Robotics
14.3.9 Delta Electronics Inc.
