Market Overview
Robotic technology is a rapidly growing technology in today’s generation. Personal Services Robotics Market Demand life more convenient. The invention of Personal robotics for personal purposes has observed a higher demand in recent years. These robots are designed with minimum robotic knowledge and used for wider applications. The increase in demand for humanoid robotics is facilitating Personal Service Robotics Market growth. Major advantages of personal robotics services were seen in commercial, healthcare, agriculture, research, and hospitality facilities.
The rise in automation technology, machine learning, and artificial intelligence is highly driving the Personal Service Robotics Market. These services are replacing human intervention in workplaces. Robotics services are crucial in developed regions. It uplifts the economy of the major regions and increases productivity in every sector. Robotics also offers new opportunities in underdeveloped areas to meet the requirements of skilled laborers.
During the COVID19 pandemic, most markets faced tough challenges and economic loss. The pandemic has slowed down the global market operations by hampering production. The supply chain process was affected drastically. The Personal Service Robotics Market even faced huge losses in this period. The market showed a drop in the growth rate, which decreased its demand in the robotics market.
But on the other hand, there was an unexpected rise seen in the medical robots during this period. This factor helped the market to recover back its growth to normal form. Medical robotics were mainly used in disinfecting processes. Due to this, the market’s growth came back in form with rising opportunities. The pandemic has also positively affected the Personal Service Robotics Market.
The Personal Service Robotics Market is estimated to reach a value of USD 35 billion by 2022 and will attain a CAGR of 38% CAGR during the forecast period.
Key Players
The major players of global personal service robotics market report include Ecovacs Robotics Inc (China), Honda Motor Co Ltd. (Japan), Samsung Electronics Co. Ltd. (Korea), Hasbro Inc.(U.S.), Hanool Robotics Corp. (Korea), F&P Robotics AG (Switzerland), ZMP Inc (Japan)., Segway Inc.(U.S.), Neato Robotics Inc (U.S.)., iRobot Corporation (U.S.) and others.
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Market Segmentation
The Personal Service Robotics Market is segmented into type, application, and market.
The type segment of the market includes Professional purpose and Domestic purpose.
The application segment of the market includes domestic, medical, agriculture, and logistics. In the domestic part, the robot performs cleaning, vacuuming, lawn cleaning, pool cleaning, and floor cleaning work: surgery assistance, checkup, and diagnosis done by the medical robots.
Agriculture activities like Farming, harvesting, livestock managing, and dairy farming were performed. Logistic robots perform automation and assist in warehouse duties.
The market segment is categorized into leisure robots, ground robots, and marine robots.
Regional Analysis
According to the geographical reports, the Personal Service Robotics Market is distributed into North America, Europe, and Asia pacific.
Europe is the major region for the global robotics market. The Asia Pacific is considered the second largest region due to increased research and development, which is the major driving factor. The higher investments in automation are driving the region. India, China, Japan, and Korea are the major contributors to the regional market. North America is noticed to make considerable improvements in the future and will register a good share value.
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Table of Contents:
Global Personal Service Robotics Market Research Report 2022-2028
Chapter 1: Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Market Competition by Manufacturers
Chapter 4: Global Personal Service Robotics Market Production, Revenue (Value) by Region
Chapter 5: Global Personal Service Robotics Market Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Personal Service Robotics Market Forecast
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