Trusted Press Release Distribution   Plans | Login    

Briefing Search


Author Details
Sagar Kadam

Bookmark and Share
Personal Services Robotics Industry Analysis by Key Manufacturers, Regions to 2022
Global Personal Services Robotics Market, By Component (Hardware, Software), By Application (Cleaning Robot, Entertainment & Toy Robot, Education Robot, Handicap Assistance Robot, Companion Robot, Personal Transportation Robot, Security Robot), 3/26/2020 - Market Synopsis:

Personal service robots are pre-assembled and pre-programmed robots which are used for domestic, entertainment and leisure purposes. As per the report that has recently been published by Market Research Future (MRFR), the global Personal Services Robotics Industry is anticipated to expand remarkably at a robust CAGR of over 38% during the forecast period (2018-2022) and reach USD 35 Bn by the end of the forecast period.

The increasing demand for humanoid robots to assist the geriatric population and increasing expenditure by the individuals to improve the lifestyle are majorly driving the expansion of the global personal robotics market. The personal robots provide efficient assistance to the disabled individuals by carrying out multiple functions. The rapid advancement and the constant upgrades in the features of personal robots are generating high demand for personal service robotics in the global market.

The increasing usage of personal service robots for educational purpose, entertainment purpose and for carrying out daily chores such as dusting, lawn mowing, pool maintenance, and others are fueling the expansion of the global Personal Services Robotics Industry. The technological advancement and brisk development in the field of artificial intelligence are creating traction for personal service robots in the global market.

The declining price of raw materials used for manufacturing of robots has resulted in lowering of the overall cost of the personal robots, leading to the higher rate of penetration of this technology in the households of developed regions. However, the limited availability of low-cost personal service robots for the population with moderate to low income and lack of penetration of advanced technology in underdeveloped regions are likely to act as restraints on the expansion of the global Personal Services Robotics Industry during the forecast period.

Get Report Details @

Key Players

Some of the leading players of the global Personal Services Robotics Industry are Honda Motor Co Ltd. (Japan), Ecovacs Robotics Inc (China), Samsung Electronics Co. Ltd. (Korea), F&P Robotics AG (Switzerland), Hanool Robotics (Korea), ZMP Inc (Japan)., Segway Inc.(U.S.), Neato Robotics Inc (U.S.)., Hasbro Inc.(U.S.), Irobot Corporation (U.S.) And Others.

Market Segmentation:

The global Personal Services Robotics Industry has been segmented on the basis of component and application. Based on component, the Personal Services Robotics Industry has been segmented into hardware and software. The software segment is anticipated to project significant growth in the global personal robotics market due to the rapid technological advancement and constant software upgrades that are being introduced in the market.

Regional Analysis:

Geographically, the global Personal Services Robotics Industry has been segmented into four major regions such as North America, Europe, Asia Pacific, and the rest of the world. Among these, the Europe region is anticipated to account for the largest share in the global Personal Services Robotics Industry owing to the high adoption of latest technologies and rapid increase in disposable income in this region.

FAQs | Contact Us | Terms & Conditions | Privacy Policy
© 2020 Proserve Technology, Inc.