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Home Press Release OpenPR

Exponential Rise in Service Robotics Global Market: Anticipated CAGR of 27.0% to 29.0% Foreseen by 2025

January 21, 2025
in OpenPR, Web3
Reading Time: 6 mins read
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Service Robotics Global Market

Service Robotics Global Market

Service sector witnesses booming demand in robotics, driven by healthcare needs and technological advancements.

What Is The Projected Market Size Of The Service Robotics Global Market Report 2025 And Its Growth Rate?
The service robotics market has been witnessing remarkable growth:
• $60.61 billion in 2024
• Expected to grow to $76.98 billion in 2025 at a CAGR of 27%
• Projected to reach $213.32 billion in 2029 at a CAGR of 29%

The growth is attributed to automation, labor shortages, aging population, healthcare needs, safety in hazardous environments, and service industry’s adoption of robotics.

What Is Driving The Growth In The Service Robotics Global Market Report 2025?
The increasing demand for robots, particularly in the healthcare sector, is driving the service robotics market’s growth. Businesses that provide medical services and manufacture medical equipment or drugs demand service robots to handle logistical duties, thereby reducing everyday stress on healthcare professionals, and affording them more time to focus on urgent patient needs. This can improve the overall level of patient care. For instance, according to the International Federation of Robotics, as of June 2023, there was a surge in installations of industrial robots in Europe, recorded at 72,000 units in 2022. Thus, this escalated demand will continue to drive market growth.

Request A Free Sample Copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=8213&type=smp

Who Are the Key Players Driving Service Robotics Global Market Report 2025 Growth?
Key companies operating in the service robotics market include:
• Parrot SA
• Aethon Inc.
• Honda Motor Co. Ltd.
• Panasonic Holdings Corporation
• Yujin Robot Co. Ltd.
• Samsung Group
• iRobot Corporation
• Robert Bosch GmbH
• Kongsberg Maritime
• Daifuku Co. Ltd.,
• Omron Corporation
• SoftBank Group Corp.
• Boston Dynamics Inc.
• ABB Robotics
• KUKA Roboter GmbH
• FANUC Robotics America Inc.
• Yaskawa Motoman Robotics Inc.
• Universal Robots A/S
• Clearpath Robotics Inc.
• Fetch Robotics Inc.
• Locus Robotics
• Sarcos Robotics
• Knightscope Inc.
• Seegrid Corporation
• Simbe Robotics Inc.

What Are The Key Trends In The Service Robotics Global Market Report 2025?
The key trends in the upcoming years include:
• Adaptive and flexible robots
• Sustainability initiatives
• Digitization of data security and privacy
• Robotic applications in the healthcare sector
• Integration of artificial intelligence elements

What Are The Segments Of The Global Service Robotics Global Market Report 2025?
Market segments include:
1) Type: Professional, Personal And Domestic
2) Component: Hardware, Software
3) Environments: Aerial, Ground, Marine
4) End-User: Healthcare, Defense, Electronics, Automotive, Transportation, Construction, Other

Which Region Leads The Service Robotics Global Market Report 2025?
In 2024, North America was the largest region in the service robotics market. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. This report also covers regions such as Western Europe, Eastern Europe, South America, Middle East, and Africa.

Pre-book the Report for Swift Delivery: https://www.thebusinessresearchcompany.com/report/service-robotics-global-market-report

What Is Covered In The Service Robotics Global Market Report 2025 Global Market Report?

– Market Size Analysis: Analyze the Service Robotics Global Market Report 2025 size by key regions, countries, product types, and applications.

– Market Segmentation Analysis: Identify various subsegments within the Service Robotics Global Market Report 2025 for effective categorization.

– Key Player Focus on key players to define their market value, share, and competitive landscape.

– Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

– Market Contribution: Evaluate contributions of different segments to the overall Service Robotics Global Market Report 2025 growth.

– Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

– Industry Challenges: Analyze challenges and risks affecting the Service Robotics Global Market Report 2025.

– Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Request Customization for This Report: https://www.thebusinessresearchcompany.com/Customise?id=8213&type=smp

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

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Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.

This release was published on openPR.

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