In recent years, the Service Robotics Market Size has witnessed notable growth, fueled by rapid technological advancements and rising global demand. This comprehensive report delves into emerging market trends, key growth drivers, and detailed segmentation across [key segment categories].
The global service robotics market size was valued at USD 22.40 billion in 2024. The market is projected to grow from USD 26.35 billion in 2025 to USD 90.09 billion by 2032, exhibiting a CAGR of 19.2% during the forecast period. The Asia Pacific dominated global market with a share of 36.6% in 2024.
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The service robotics market is evolving with advancements in AI, automation, and human-robot interaction. Service robots are revolutionizing industries such as healthcare, retail, and hospitality by enhancing efficiency and customer experience. As robotics technology continues to advance, the adoption of service robots is set to rise significantly.
Top Players in the Service Robotics Market
Leading companies shaping the semiconductor machinery industry include Ricoh (Japan), Honda Motor Co., Ltd. (Japan), iRobot Corporation (U.S.), KUKA AG (Germany), Intuitive Surgical (U.S.), Daifuku Co., Ltd. (Japan), SoftBank Robotics Group Corp. (Japan), Aethon (U.S.), Boston Dynamics (U.S.), Fetch Robotics, Inc. (U.S.) and other major market participants.
Key highlights of the Report:
• Market Performance
• Market Outlook
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
What comprehensive insights does the research report on Service Robotics provide, and which regions are analyzed in detail?
The research report on Service Robotics offers an in-depth and strategic evaluation of the market, delivering valuable insights into upcoming trends, key growth drivers, supply and demand dynamics, year-over-year (Y-o-Y) growth rates, compound annual growth rate (CAGR), and pricing trends. It leverages a range of analytical tools and models including Porter’s Five Forces, PESTLE Analysis, Value Chain Analysis, the 4 Ps Framework (Product, Price, Place, Promotion), Market Attractiveness Index, BPS (Basis Point Share) Analysis, and Ecosystem Mapping to ensure a holistic market understanding. Furthermore, the report presents a detailed regional breakdown, covering key geographic markets such as:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Spain, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of Asia Pacific)
- South America (Brazil, Argentina, Rest of South America)
- Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA)
These insights empower stakeholders to understand market dynamics, identify growth opportunities, and make strategic decisions across regions.
What Are the Recent Developments in the Service Robotics Industry?
- Smart Robotics Inc. which is a designer and provider of logistics and warehouse robotics solution developed and launched a smart merchandise picker robot. This collaborative robot (Cobot) can handle lightweight merchandize such as office stationery and office supplies.
- Ricoh acquired Axon Ivy AG as a part of its strategic investment with an objective to expand its digital process automation capabilities.
- KUKA AG and MHP collaborated to work on Smart Intelligence Robotic Project Cockpit (SIRPCO).
- Robot Corporation acquired Aeris Cleantec AG, an air purification company with an objective to diversify the product portfolio with air purification systems.
- HYUNDAI MOTOR GROUP acquired 80% stake in Boston Dynamics to strengthen its position in the field of robotics.
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