How Has the Hospitality Robots Market Size Evolved in Recent Years?
The hospitality robots market has seen considerable growth due to a variety of factors.
• In recent years, the market size of hospitality robots has surged extensively. It's projected to increase from $0.55 billion in 2024 to $0.71 billion in 2025, with a compound annual growth rate (CAGR) of 29.1%.
The significant growth in the historic period is due to various factors such as the advantages of automation over human manual labor, improved capabilities of robots, heightened customer satisfaction, and the pressing demand for greater productivity and efficiency.
What Is The Forecast For The Hospitality Robots Market Size?
The hospitality robots market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the hospitality robots market is anticipated to experience a dramatic increase in the forthcoming years. Boasting a compound annual growth rate (CAGR) of 28.9%, the sector will attain a value of $1.96 billion by 2029.
The predicted growth during this forecast period can be credited to the integration of robot automation in the hospitality industry, an increasing global influx of tourists, expansion of the tourism industry, and a reduction in hotel staff numbers. As we look at the key trends in this forecast timeline, we see technological advancements, innovations in robotics, joining of IoT with robots, breakthrough technologies, and the launch of AI-driven solutions.
What Are The Essential Drivers Behind The Growth Of The Hospitality Robots Market?
The advancement of the hospitality robots market is projected to be fueled by the expanding tourism sector. Encompassing all journeying and leisure activities for entertainment, cultural, or commercial reasons, the tourism industry caters to individuals in pursuit of relaxation, cultural discovery, business ventures, and escapism. This demand ultimately contributes to global economic development, cultural exchanges, and personal growth. Hospitality robots are integrated into various areas of the industry, such as customer support, room service, cleaning, and entertainment, improving the quality and efficiency of the services while enhancing guest experiences. For example, as per the datasets and working papers of the France-based online library, OECD iLibrary, the National Travel and Tourism Office of the United States predicted the total number of international visitors to be 77.7 million in 2024, exceed the 2019 figure of 79.4 million by reaching 85.2 million in 2025, 91.1 million in 2026, and 96.8 million in 2028. Therefore, the ascending trend in the tourism sector is a primary factor promoting the growth of the hospitality robots industry.
How Is The Global Hospitality Robots Market Divided Into Key Segments?
The hospitality robots market covered in this report is segmented –
1) By Type: Delivery Robots, Front Desk Robots, Cleaning Robots, Other Types
2) By Sales Channel: Online, Offline
3) By End User: Hotels, Bars And Restaurants, Travel And Tourism, Other End-Users
Subsegments:
1) By Delivery Robots: Food And Beverage Delivery Robots, Room Service Delivery Robots, Laundry And Towel Delivery Robots
2) By Front Desk Robots: Check-In Or Check-Out Assistance Robots, Concierge Robots, Information And Directional Robots
3) By Cleaning Robots: Floor Cleaning Robots, Window Cleaning Robots, Surface Cleaning Robots
4) By Other Types: Security Robots, Maintenance And Repair Robots, Entertainment Robots
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How Are Emerging Trends Reshaping The Dynamics Of The Hospitality Robots Market?
Leading firms in the hospitality robots market are creating innovative solutions, like AI-integrated service robots, to distinguish themselves from their competitors. These service robots utilize cutting-edge AI and independent robot technology to streamline hospitality operations, allowing employees to concentrate on higher-value tasks. For example, Bear Robotics Inc., a U.S.-based engineering and robotics design company, introduced Servi in February 2023. This new service robot is designed to reshape the food service industry by helping staff serve food and drinks, clear tables, and enable workers to prioritize stellar customer service. Servi has AI and self-driving robot technology, with complete autonomous driving abilities, light detection and ranging (lidar) sensors, and multiple cameras for smart navigation. It can memorize various table positions and return to its station after completing deliveries.
Who Are the Key Players In The Hospitality Robots Market?
Major companies operating in the hospitality robots market report are:
• LG Electronics Inc.
• Panasonic Corporation
• Softbank Robotics Group Corp.
• ABB Ltd.
• Omron Corporation
• Fanuc Corporation
• Kuka AG
• Boston Dynamics Inc.
• Aethon Inc.
• Simbe Robotics Inc.
• Sarcos Technology and Robotics Corporation
• Stanley Robotics
• Pypestream Inc.
• Savioke Inc.
• Bear Robotics Inc.
• Blue Frog Robotics
• Connected Robotics Inc.
• Knightscope Inc.
• PAL Robotics SL
• Hyundai Robotics Co. Ltd.
• RobotLAB Inc.
• Relay Robotics Inc.
• Tailos Inc.
• Hanson Robotics Ltd.
What Are The Regional Insights Into The Hospitality Robots Market?
North America was the largest region in the hospitality robots market in 2024. Asia-Pacific is expected to be the fastest growing region in the market. The regions covered in the hospitality robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
