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Global Hospitality Robots Market to reach USD XX billion by the end of 2030.

Global Hospitality Robots Market Size study & Forecast, by Type (Reception/Front Desk Robots, Mobile Guidance Robots, Delivery Robots, Cleaning Robots, Others) End User (Hotels, Bars & Restaurants, Travel & Tourism, Others), and Regional Analysis, 2023-2030

Product Code: ECE-97399308
Publish Date: 27-06-2023
Page: 200

Global Hospitality Robots Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than 25.2% over the forecast period 2023-2030. Robotic systems are designed to carry out a certain set of precise, repeatable, and unmatched activities quickly and with the least amount of human involvement. Robot adoption has increased recently since the primary goal of the robot in the hospitality industry is to expedite and improve the entire client experience. Robots have been introduced in several businesses, so far they have never been valued appropriately. The first hotel in the world with a fully automated workforce is the Henn-na Hotel in Japan. Robots are used around the hotel to do a variety of tasks, including informational tasks, front desk duties, storage duties, and check-in and check-out procedures using speech and facial recognition technology. The market has significant drivers to influence the market growth are increased advantages of robot automated work over human work, penetration of automation in commercial appliances and increase in utility for robots in hospitality industries.

According to Statista, the commercial kitchen appliances market revenue in the North America market was valued at USD 31.5 billion in 2021 and is expected to reach USD 35.2 billion in 2025. Furthermore, International tourism grew by 182% in the first three months of 2022, as reported by UNWTO, compared to the same period last year. Various nations and areas have also noticed a similar tendency. For instance, the Office of National Statistics in the UK estimates that 3 million international tourists visited the UK in June 2022, up from 2.8 million in May 2022. Similarly, according to Statistics Canada, Canadian tourism expenditure climbed by roughly 19.8% in the second quarter of 2022. Moreover, an increase in concern for safety and cleanliness at hotels, restaurants, and bars and increased advantages of robot automated work over human work enhance market growth in the future years. However, high Initial Cost and Lower Awareness stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Hospitality Robots Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is leading the global market share owing to the growing hotel industry and adoption of Hospitality Robots and adopted various developmental strategies to expand their market share. However, Asia Pacific is expected to be the fastest growing region due to rowing countries of the region wherein the infrastructural development, and growing acceptance of digital technologies.

Major market player included in this report are:
Omron Corporation
Relay Robotics Inc.
LG Electronics Co. Ltd.
Bear Robotics, Inc.
Hyundai Robotics Co., Ltd.
Connected Robotics Inc.
Aethon Inc.
Softbank Robotics Group Corp.
Knightscope, Inc.
Pypestream Inc.

Recent Developments in the Market:
Ø In June 2022, Relay Robotics, Inc., the supplier of service robots to the hospitality, healthcare, and real estate sectors, that it would be exhibiting its Relay+ Service Robot, a robot created for hospitality services, at the 2022 Hospitality Industry Technology Exposition and Conference (HITEC), at the Orange County Convention Centre in Orlando, Florida.
Ø In May 2022, Relay Robotics, a new business created after Relay acquired robotics firm Savioke, secured USD 10 million in a series of financing rounds. a round of funding that MK Capital led. The investment would be used by the business to hasten the creation and introduction of its delivery robots.
Global Hospitality Robots Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, End use Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Reception/Mobile Guidance Robots
Delivery Robots
Cleaning Robots
Others

By End User:
Hotels
Bars & Restaurants
Travel & Tourism
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Hospitality Robots Market, by Region, 2020-2030 (USD Billion)
1.2.2. Hospitality Robots Market, by Type, 2020-2030 (USD Billion)
1.2.3. Hospitality Robots Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Hospitality Robots Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Hospitality Robots Market Dynamics
3.1. Hospitality Robots Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Penetration of automation in commercial appliances
3.1.1.2. Upsurge in utility for robots in hospitality industries
3.1.1.3. Growth of the Tourism Industry and Number of Tourists
3.1.2. Market Challenges
3.1.2.1. High Initial Cost and Lower Awareness
3.1.3. Market Opportunities
3.1.3.1. Rise in concern for safety and cleanliness at hotels, restaurants, and bars
3.1.3.2. Growing benefits of robot automated work over human work
Chapter 4. Global Hospitality Robots Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Hospitality Robots Market, by Type
5.1. Market Snapshot
5.2. Global Hospitality Robots Market by Type, Performance – Potential Analysis
5.3. Global Hospitality Robots Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Hospitality Robots Market, Sub Segment Analysis
5.4.1. Reception/Mobile Guidence Robots
5.4.2. Delivery Robots
5.4.3. Cleaning Robots
5.4.4. Others
Chapter 6. Global Hospitality Robots Market, by End User
6.1. Market Snapshot
6.2. Global Hospitality Robots Market by End User, Performance – Potential Analysis
6.3. Global Hospitality Robots Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
6.4. Hospitality Robots Market, Sub Segment Analysis
6.4.1. Hotels
6.4.2. Bars & Restaurants
6.4.3. Travel & Tourism
6.4.4. Others
Chapter 7. Global Hospitality Robots Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Hospitality Robots Market, Regional Market Snapshot
7.4. North America Hospitality Robots Market
7.4.1. U.S. Hospitality Robots Market
7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
7.4.1.2. End User breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Hospitality Robots Market
7.5. Europe Hospitality Robots Market Snapshot
7.5.1. U.K. Hospitality Robots Market
7.5.2. Germany Hospitality Robots Market
7.5.3. France Hospitality Robots Market
7.5.4. Spain Hospitality Robots Market
7.5.5. Italy Hospitality Robots Market
7.5.6. Rest of Europe Hospitality Robots Market
7.6. Asia-Pacific Hospitality Robots Market Snapshot
7.6.1. China Hospitality Robots Market
7.6.2. India Hospitality Robots Market
7.6.3. Japan Hospitality Robots Market
7.6.4. Australia Hospitality Robots Market
7.6.5. South Korea Hospitality Robots Market
7.6.6. Rest of Asia Pacific Hospitality Robots Market
7.7. Latin America Hospitality Robots Market Snapshot
7.7.1. Brazil Hospitality Robots Market
7.7.2. Mexico Hospitality Robots Market
7.8. Middle East & Africa Hospitality Robots Market
7.8.1. Saudi Arabia Hospitality Robots Market
7.8.2. South Africa Hospitality Robots Market
7.8.3. Rest of Middle East & Africa Hospitality Robots Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Omron Corporation
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Relay Robotics Inc.
8.3.3. LG Electronics Co. Ltd.
8.3.4. Bear Robotics, Inc.
8.3.5. Hyundai Robotics Co., Ltd.
8.3.6. Connected Robotics Inc.
8.3.7. Aethon Inc.
8.3.8. Softbank Robotics Group Corp.
8.3.9. Knightscope, Inc.
8.3.10. Pypestream Inc.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Data Collection:
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Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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