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Global Service Robotics Market to Witness a Healthy Growth During 2021-2026, Driven by the Increasing Sales of Service Robots

Service Robotics Market

Global Service Robotics Market: By Product Type: Professional Service, Personal and Domestic Service; By Component: Hardware, Software; By Application: Logistics, Construction and Demolition, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Service Robotics Market Outlook

The global service robotics market is being driven by the increasing sales of service robots, which reached a value of USD 30.86 billion in the year 2022. The sales of service robots is further anticipated to grow at a CAGR of 23% in the forecast period of 2023-2028 to reach USD 107.42 billion by 2028.

 

Global Service Robotics Market

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Increasing Demand for Robots in the Healthcare Sector to Bolster the Service Robotics Industry Growth

On the basis of application, service robotics has gained immense popularity in the field of healthcare. Also, vendors in the market offer a wide range of service robots for assistance in various medical applications. The global service robotics industry is further being propelled by the rising investments by the key industry players and their increasing collaborations with the leading healthcare companies. For instance, significant investments were made by Intuitive Surgical Inc, a key industry player, towards improving its surgical systems and enhancing the overall patient experience. Such developments are expected to enhance the demand for service robots in the healthcare industry.

 

The Asia Pacific to Provide Significant Growth Opportunities to the Service Robotics Industry

Geographically, the Asia Pacific accounts for a significant share in the global service robotics industry and is anticipated to dominate the market in the forecast period as well. Japan, which is a strong robotics solution provider, is likely to enhance its market share and improve its technical expertise in the forecast period. North America and Europe are the other significant regions for the product. This can be attributed to the early adoption of advanced technologies in the regions, which is expected to provide significant opportunities for the market growth in the coming years.

 

Service Robotics: Market Segmentation

Service robots are technical devices that are designed to assist humans and perform useful tasks. The devices, which are popularly attributed as robots, operate semi or fully-automatically. Service robots are capable of performing dangerous and tedious tasks and provide efficiency and are safe. These robots are utilized in professional and personal applications and are accepted at a global level.

 

Global Service Robotics Market By Product Type

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By product type, the market is divided into:

  • Professional Service 
  • Personal and Domestic Service
  • Others

Based on component, the industry can be segmented into:

  • Hardware
  • Software

Among these, the hardware segment is further divided based on type into airframes, sensors, cameras, actuators, navigation systems, propulsion systems, and power supply, among others.

On the basis of application, the industry can be categorised into:

  • Logistics
  • Construction and Demolition
  • Medical
  • Defence, Rescue and Security
  • Entertainment, Educational and Personal
  • Domestic
  • Marine
  • Research and Space Exploration
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Service Robotics Market By Region

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Rising Demand for Robots in Personal and Professional Sector to Bolster the Growth of the Service Robots Industry

The global service robotics industry is being aided by the increasing innovations in the field of science and technology. The market growth is further propelled by the increasing demand for service robots for professional as well as personal services. The increasing deployment of robots in various industries including healthcare, defence and security, agriculture, forestry, logistics, construction, and personal cleaning, among others is driving the market growth. The market is being aided by the rising labour cost and costly workforce employed in these sectors, coupled with the increasing focus on reducing human error.

The rising technological advancements and growing innovations are likely to accelerate the market growth in the forecast period.

 

Key Industry Players in the Global Service Robotics Market

The report gives a detailed analysis of the following key players in the global service robotics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Omron Corporation 
  • Daifuku Co., Ltd.
  • Dematic Holding S.à r.l.
  • Intuitive Surgical, Inc.
  • Kollmorgen Corporation 
  • KUKA AG
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Component, Application, Region
Breakup by Product Type Professional Service, Personal and Domestic Service, Others
Breakup by Component Hardware, Software
Breakup by Application Logistics, Construction and Demolition, Medical, Defence, Rescue, and Security, Entertainment, Educational, and Personal, Domestic, Marine, Research and Space Exploration, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Omron Corporation, Daifuku Co., Ltd., Dematic Holding S.à r.l., Intuitive Surgical, Inc., Kollmorgen Corporation, KUKA AG, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Service Robotics Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Service Robotics Historical Market (2018-2022) 
    8.3    Global Service Robotics Market Forecast (2023-2028)
    8.4    Global Service Robotics Market by Product Type
        8.4.1    Professional Service
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Personal and Domestic Service
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Others
    8.5    Global Service Robotics Market by Component
        8.5.1    Hardware
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
            8.5.1.4    Breakup by Type
                8.5.1.4.1    Airframes
                    8.5.1.4.1.1    Market Share
                    8.5.1.4.1.2    Historical Trend (2018-2022)
                    8.5.1.4.1.3    Forecast Trend (2023-2028)
                8.5.1.4.2    Sensors
                    8.5.1.4.2.1    Market Share
                    8.5.1.4.2.2    Historical Trend (2018-2022)
                    8.5.1.4.2.3    Forecast Trend (2023-2028)
                8.5.1.4.3    Cameras
                    8.5.1.4.3.1    Market Share
                    8.5.1.4.3.2    Historical Trend (2018-2022)
                    8.5.1.4.3.3    Forecast Trend (2023-2028)
                8.5.1.4.4    Actuators
                    8.5.1.4.4.1    Market Share
                    8.5.1.4.4.2    Historical Trend (2018-2022)
                    8.5.1.4.4.3    Forecast Trend (2023-2028)
                8.5.1.4.5    Navigation Systems
                    8.5.1.4.5.1    Market Share
                    8.5.1.4.5.2    Historical Trend (2018-2022)
                    8.5.1.4.5.3    Forecast Trend (2023-2028)
                8.5.1.4.6    Propulsion Systems
                    8.5.1.4.6.1    Market Share
                    8.5.1.4.6.2    Historical Trend (2018-2022)
                    8.5.1.4.6.3    Forecast Trend (2023-2028)
                8.5.1.4.7    Power Supply
                    8.5.1.4.7.1    Market Share
                    8.5.1.4.7.2    Historical Trend (2018-2022)
                    8.5.1.4.7.3    Forecast Trend (2023-2028)
                8.5.1.4.8    Others
        8.5.2    Software
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Global Service Robotics Market by Application
        8.6.1    Logistics 
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Construction and Demolition
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Medical 
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Defence, Rescue, and Security
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Entertainment, Educational, and Personal
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022)
            8.6.5.3    Forecast Trend (2023-2028)
        8.6.6    Domestic
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2018-2022)
            8.6.6.3    Forecast Trend (2023-2028)
        8.6.7    Marine
            8.6.7.1    Market Share
            8.6.7.2    Historical Trend (2018-2022)
            8.6.7.3    Forecast Trend (2023-2028)
        8.6.8    Research and Space Exploration
            8.6.8.1    Market Share
            8.6.8.2    Historical Trend (2018-2022)
            8.6.8.3    Forecast Trend (2023-2028)
        8.6.9    Others
    8.7    Global Service Robotics Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
        9.2.3    Breakup by Country Kingdom
            9.2.3.1    United 
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2022)
        9.3.2    Forecast Trend (2023-2028)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2022)
        9.4.2    Forecast Trend (2023-2028)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2022)
        9.5.2    Forecast Trend (2023-2028)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Omron Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Daifuku Co., Ltd.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Dematic Holding S.à r.l.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Intuitive Surgical, Inc.,
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Kollmorgen Corporation
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    KUKA AG 
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments


List of Key Figures and Tables

1.    Global Service Robotics Market: Key Industry Highlights, 2018 and 2028
2.    Global Service Robotics Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3.    Global Service Robotics Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4.    Global Service Robotics Historical Market: Breakup by Component (USD Billion), 2018-2022
5.    Global Service Robotics Market Forecast: Breakup by Component (USD Billion), 2023-2028
6.    Global Service Robotics Historical Market: Breakup by Application (USD Billion), 2018-2022
7.    Global Service Robotics Market Forecast: Breakup by Application (USD Billion), 2023-2028
8.    Global Service Robotics Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Service Robotics Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Service Robotics Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Service Robotics Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Service Robotics Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Service Robotics Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Service Robotics Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Service Robotics Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Service Robotics Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Service Robotics Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Service Robotics Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Service Robotics Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Service Robotics Market Structure

Key Questions Answered in the Report

What was the global service robotics market size in 2022?

The global service robotics market is being driven by the increasing sales of service robots, which reached a value of USD 30.86 billion in the year 2022.

What is the growth rate of the service robotics market?

The sales of service robots is anticipated to grow at a CAGR of 23% in the forecast period of 2023-2028.

What is the forecast outlook of the market for 2023-2028?

The sales of service robots is estimated to witness healthy growth in the forecast period of 2023-2028 to reach USD 107.42 billion by 2028.

What are the major industry drivers?

The major drivers of the market include the increasing sales of service robots, rising urbanisation, and rising technological advancement.

What are the key industry trends of the global service robotics market?

The increasing innovations in the field of science and technology is a major industry trend aiding the market growth.

What are the major regional markets of service robotics, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading product types of service robotics in the industry?

Professional service and personal and domestic service among others are the leading product types in the industry.

What are the leading components of service robotics in the industry?

Hardware and software are the leading components in the industry. Hardware is further segmented into airframes, sensors, cameras, actuators, navigation systems, propulsion systems, and power supply, among others.

What are the leading applications of service robotics in the industry?

Logistics, construction and demolition, medical, defence, rescue and security, entertainment, educational and personal, domestic, marine, research and space exploration, among others are the leading applications in the industry.

Who are the key industry players, according to the report?

The major players in the industry are Omron Corporation, Daifuku Co., Ltd., Dematic Holding S.à.r.l., Intuitive Surgical, Inc., Kollmorgen Corporation, and KUKA AG, among others.

Analyst Review

The global service robotics market is being driven by the increasing sales of service robots, which reached a value of USD 30.86 billion in the year 2022. The sales of service robots is likely to grow at a CAGR of 23% in the forecast period of 2023-2028 to reach USD 107.42 billion by 2028.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the service robotics industry can be segmented into professional service and personal and domestic service, among others. On the basis of components, the market is divided into hardware and software. Hardware is further segmented into airframes, sensors, cameras, actuators, navigation systems, propulsion systems, and power supply, among others. Based on applications, the market is divided into logistics, construction and demolition, medical, defence, rescue and security, entertainment, educational, and personal, domestic, marine, research and space exploration, among others. The major regional markets for service robotics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Omron Corporation, Daifuku Co., Ltd., Dematic Holding S.à.r.l., Intuitive Surgical, Inc., Kollmorgen Corporation, and KUKA AG, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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