Press Release / Business / Service Robot Market Analysis and Forecast by key Vendors, Application, Product, and Geography 2025

Service Robot Market Analysis and Forecast by key Vendors, Application, Product, and Geography 2025

This report presents the worldwide Service Robot market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
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Service robot is an actuated mechanism programmable in two or more axes with a degree of autonomy, moving within its environment, to perform intended tasks. Autonomy in this context means the ability to perform intended tasks based on current state and sensing, without human intervention. A service robot is a robot that performs useful tasks for humans or equipment excluding industrial automation application. Japan alone had 26% revenue share of the global service robotics market from 2011 to 2015. With the domestic policies supporting, it is expected that the Japan market with sharply strengthen in the next five years, which will account for about 31% revenue market share. Service robots are viewed as necessary devices for providing individuals with a high quality of life and social well-being. With this view, the development of nursing and medical robots developed for elderly individuals is strongly expected. 
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The total number of professional service robots sold in 2015 rose by a solid 11.4% compared to 2014 to 26,970 units up from 24,207 in 2014. It is expected to reach to 30,040 units in 2016. In 2015, about 5.7 million service robots for personal use were sold, 21.96 % more than in 2014.  The Service Robot market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Service Robot. The following manufacturers are covered in this report: Intuitive Surgical IRobot Dyson Neato Robotics Sharp Toshiba Panasonic Gecko Systems Northrop Grumman Corporation ECA Group Kongsberg Maritim Fujitsu Frontech Limited Kawasaki REWALK Sony Honda Toyota SoftBank Hitachi ALSOK Service Robot Breakdown Data by Type Personal Service Robots Professional Service Robots Service Robot Breakdown Data by Application Household Robots Education/Entertainment Robots Nursing/Rehabilitation Robots Medical Robots Agriculture, Forestry, Livestock Farming and Fisheries Robots Logistic Robots Others Service Robot Production by Region United States Europe China Japan Other Regions Service Robot Consumption by Region North America United States Canada Mexico Asia-Pacific China India Japan South Korea Australia Indonesia Malaysia Philippines Thailand Vietnam Europe Germany France UK Italy Russia Rest of Europe Central & South America Brazil Rest of South America Middle East & Africa GCC Countries Turkey Egypt South Africa Rest of Middle East & Africa
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