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.
The global hospitality robot market report is analyzed across type, end user, sales channel, and region. Based on type, the front desk robots segment held the major share in 2020, garnering more than half of the total market. The delivery robots segment, on the other hand, would manifest the fastest CAGR of 27.5% during the forecast period.
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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
