PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1300774
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1300774
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.
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:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable