Key Insights
The Personal Service Robots market is experiencing robust growth, projected to reach $12.10 billion in 2025 and exhibiting a Compound Annual Growth Rate (CAGR) of 15.60% from 2025 to 2033. This expansion is driven by several key factors. Increasing consumer demand for convenience and automation in household chores fuels the adoption of robotic vacuum cleaners, lawn mowers, and other home assistance robots. Furthermore, advancements in artificial intelligence (AI), sensor technology, and battery life are enhancing the capabilities and functionality of these robots, making them more efficient and user-friendly. The aging global population also contributes significantly to market growth, as personal robots offer valuable assistance to elderly individuals with daily tasks, improving their quality of life and reducing the burden on caregivers. Technological innovations such as improved navigation systems, object recognition, and voice control are further driving market penetration. While initial costs remain a barrier for some consumers, ongoing technological advancements are expected to reduce production costs and make personal service robots more accessible.
Competition in the market is intense, with major players like iRobot, Ecovacs Robotics, and Roborock vying for market share. However, the market also accommodates numerous smaller, specialized companies focusing on niche applications. Future growth will likely be influenced by continued technological innovation, strategic partnerships, and the development of new applications for personal service robots in healthcare, education, and other sectors. While challenges such as data security and privacy concerns need to be addressed, the overall market outlook remains positive, with substantial growth potential over the forecast period. Expansion into emerging markets and increasing awareness of the benefits of personal service robots will further contribute to market expansion in the coming years.
Personal Service Robots Market Report: 2019-2033
This comprehensive report provides a detailed analysis of the Personal Service Robots market, offering invaluable insights for businesses, investors, and researchers seeking to understand and capitalize on this rapidly expanding sector. Covering the period from 2019 to 2033, with a focus on 2025, this report unveils the market's dynamics, competitive landscape, and future trajectory. We analyze key players like iRobot, Ecovacs, and Roborock, alongside emerging innovators, to provide a complete picture of this dynamic industry. The report leverages extensive data analysis and expert insights to deliver actionable intelligence, supporting strategic decision-making.
Personal Service Robots Market Market Structure & Competitive Landscape
The Personal Service Robots market is characterized by a moderately concentrated structure, with a few dominant players commanding significant market share. However, the landscape is dynamic, fueled by continuous innovation and mergers & acquisitions (M&A). The Herfindahl-Hirschman Index (HHI) for the market in 2024 is estimated at xx, indicating a moderately concentrated market. Innovation is a crucial driver, with companies constantly striving to enhance features like navigation, cleaning efficiency, and smart home integration. Regulatory frameworks vary across regions, impacting market access and product compliance. Product substitutes, such as traditional cleaning methods, compete for market share, while the increasing demand for convenience and automation fuels market growth.
- Market Concentration: HHI estimated at xx in 2024.
- Innovation Drivers: Advanced sensors, AI-powered navigation, improved battery technology.
- Regulatory Impacts: Vary significantly across regions, impacting product approvals and safety standards.
- Product Substitutes: Traditional cleaning methods, manual labor.
- End-User Segmentation: Household consumers, commercial entities (hotels, offices), healthcare facilities.
- M&A Trends: A moderate level of M&A activity is observed, with larger players acquiring smaller, specialized companies to expand their product portfolios and technological capabilities. The total value of M&A deals in the Personal Service Robots market from 2019-2024 is estimated to be xx Million.
Personal Service Robots Market Market Trends & Opportunities
The Personal Service Robots market is experiencing robust growth, driven by several key factors. The global market size reached xx Million in 2024 and is projected to reach xx Million by 2033, exhibiting a Compound Annual Growth Rate (CAGR) of xx% during the forecast period (2025-2033). This growth is fueled by rising disposable incomes, increasing urbanization, and a growing preference for convenient and automated household solutions. Technological advancements, such as improved AI capabilities, enhanced sensor technology, and better battery life, are driving product innovation and consumer adoption. The market penetration rate for personal service robots in developed countries is relatively high, while emerging economies offer substantial growth potential.
The competitive landscape is intensely dynamic, with established players facing competition from innovative startups. Strategic partnerships, collaborations, and the introduction of subscription-based services are reshaping the market dynamics. Consumer preferences are shifting towards multi-functional robots and seamless smart home integration, creating new opportunities for differentiation and market expansion.
Dominant Markets & Segments in Personal Service Robots Market
The North American market currently holds the largest market share, driven by high consumer adoption rates, advanced technological infrastructure, and a robust smart home ecosystem. However, the Asia-Pacific region is projected to experience the fastest growth during the forecast period, fueled by rapid urbanization, increasing disposable incomes, and a growing awareness of smart home technology.
- Key Growth Drivers in North America: High disposable incomes, advanced technological infrastructure, strong consumer adoption.
- Key Growth Drivers in Asia-Pacific: Rapid urbanization, rising disposable incomes, increasing adoption of smart home technologies.
- Key Growth Drivers in Europe: Increasing demand for automated household solutions, government initiatives promoting smart technologies.
Within market segments, robot vacuum cleaners currently dominate, followed by floor cleaners and other specialized cleaning robots. However, the market is expanding to incorporate other personal service robots like companion robots and delivery robots, creating significant growth opportunities. The increasing demand for automated healthcare solutions is driving the growth of specialized service robots in healthcare settings.
Personal Service Robots Market Product Analysis
Personal service robots are increasingly sophisticated, incorporating advanced technologies like AI-powered navigation, object recognition, and improved mapping capabilities. These advancements are enabling robots to perform tasks with greater efficiency and accuracy. Multi-functional robots that combine various cleaning functions (vacuuming, mopping, etc.) are gaining popularity. The competitive advantage lies in superior navigation systems, longer battery life, and seamless smart home integration. Product differentiation through unique design, advanced features, and strong brand recognition is vital for market success.
Key Drivers, Barriers & Challenges in Personal Service Robots Market
Key Drivers:
- Increasing consumer demand for convenience and automation in household chores.
- Technological advancements in AI, robotics, and sensor technology.
- Growing adoption of smart home technology.
- Government initiatives promoting automation and smart city initiatives.
Challenges:
- High initial costs of purchasing personal service robots.
- Concerns over data privacy and security related to connected devices.
- Potential job displacement concerns related to automation.
- Supply chain disruptions impacting production and availability. These disruptions have led to xx% increase in production costs in 2024.
Growth Drivers in the Personal Service Robots Market Market
Technological advancements, rising disposable incomes, and the growing popularity of smart home technology are key drivers of market expansion. Governments in several countries are actively promoting automation and smart city initiatives, which further accelerates market growth. Improved battery life and longer operational times are also boosting market adoption. The increasing demand for multi-functional robots and advanced navigation capabilities is another significant factor propelling growth.
Challenges Impacting Personal Service Robots Market Growth
High initial costs represent a major barrier to entry for many consumers. Concerns about data privacy and security, especially with connected devices, also hinder market expansion. Supply chain disruptions and the resulting price volatility create uncertainty and affect market dynamics. Regulatory hurdles and varying safety standards across regions further add complexity and limit market penetration.
Key Players Shaping the Personal Service Robots Market Market
- iRobot Corporation
- Ecovacs Robotics
- Roborock
- Neato Robotics Inc
- Bobsweep
- YEEDI
- F&P Robotics AG
- Segway Inc
- Honda Motor Co Ltd
- Samsung Electronics Co Ltd (Korea)
- LG Electronics
- ZMP Inc
- Integritas
- UVD Robots
- Nidec Corporation
- Robot Lab Inc
- Maytronics
- *List Not Exhaustive
Significant Personal Service Robots Market Industry Milestones
- July 2024: ECOVACS launched three new robot vacuum models (DEEBOT T30S COMBO, DEEBOT X5 PRO OMNI, and DEEBOT N20 PRO) in Singapore, showcasing advancements in cleaning technology and catering to diverse consumer needs.
- April 2024: Roborock achieved the top position in global robotic vacuum sales and announced significant R&D investments (USD 260 Million) from 2019-2023, indicating a commitment to innovation and market leadership.
Future Outlook for Personal Service Robots Market Market
The Personal Service Robots market is poised for continued growth, driven by ongoing technological advancements, expanding applications, and rising consumer demand. Strategic partnerships and collaborations will play a significant role in shaping the market landscape. The integration of AI and IoT technologies will enable more sophisticated robots with enhanced capabilities and seamless smart home integration. The increasing demand for specialized robots in healthcare and other sectors presents significant opportunities for market expansion, resulting in a projected market value of xx Million by 2033.
Personal Service Robots Market Segmentation
-
1. Type
- 1.1. Robots for Domestic Tasks
- 1.2. Entertainment Robots
- 1.3. Elderly and Handicap Assistance
- 1.4. Other Types
Personal Service Robots Market Segmentation By Geography
- 1. North America
- 2. Europe
- 3. Asia
- 4. Australia and New Zealand
- 5. Latin America
- 6. Middle East and Africa
Personal Service Robots Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 15.60% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Penetration Toward Domestic Service Robots; Increase Use of IoT and AI Chipsets
- 3.3. Market Restrains
- 3.3.1. Increasing Penetration Toward Domestic Service Robots; Increase Use of IoT and AI Chipsets
- 3.4. Market Trends
- 3.4.1. Elderly and Handicap Assistance Segment Will See a Significant Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Personal Service Robots Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Robots for Domestic Tasks
- 5.1.2. Entertainment Robots
- 5.1.3. Elderly and Handicap Assistance
- 5.1.4. Other Types
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. North America
- 5.2.2. Europe
- 5.2.3. Asia
- 5.2.4. Australia and New Zealand
- 5.2.5. Latin America
- 5.2.6. Middle East and Africa
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. North America Personal Service Robots Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. Robots for Domestic Tasks
- 6.1.2. Entertainment Robots
- 6.1.3. Elderly and Handicap Assistance
- 6.1.4. Other Types
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. Europe Personal Service Robots Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. Robots for Domestic Tasks
- 7.1.2. Entertainment Robots
- 7.1.3. Elderly and Handicap Assistance
- 7.1.4. Other Types
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. Asia Personal Service Robots Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. Robots for Domestic Tasks
- 8.1.2. Entertainment Robots
- 8.1.3. Elderly and Handicap Assistance
- 8.1.4. Other Types
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. Australia and New Zealand Personal Service Robots Market Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. Robots for Domestic Tasks
- 9.1.2. Entertainment Robots
- 9.1.3. Elderly and Handicap Assistance
- 9.1.4. Other Types
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. Latin America Personal Service Robots Market Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Type
- 10.1.1. Robots for Domestic Tasks
- 10.1.2. Entertainment Robots
- 10.1.3. Elderly and Handicap Assistance
- 10.1.4. Other Types
- 10.1. Market Analysis, Insights and Forecast - by Type
- 11. Middle East and Africa Personal Service Robots Market Analysis, Insights and Forecast, 2019-2031
- 11.1. Market Analysis, Insights and Forecast - by Type
- 11.1.1. Robots for Domestic Tasks
- 11.1.2. Entertainment Robots
- 11.1.3. Elderly and Handicap Assistance
- 11.1.4. Other Types
- 11.1. Market Analysis, Insights and Forecast - by Type
- 12. Competitive Analysis
- 12.1. Global Market Share Analysis 2024
- 12.2. Company Profiles
- 12.2.1 iRobot Corporation
- 12.2.1.1. Overview
- 12.2.1.2. Products
- 12.2.1.3. SWOT Analysis
- 12.2.1.4. Recent Developments
- 12.2.1.5. Financials (Based on Availability)
- 12.2.2 Ecovacs Robotics
- 12.2.2.1. Overview
- 12.2.2.2. Products
- 12.2.2.3. SWOT Analysis
- 12.2.2.4. Recent Developments
- 12.2.2.5. Financials (Based on Availability)
- 12.2.3 Roborock
- 12.2.3.1. Overview
- 12.2.3.2. Products
- 12.2.3.3. SWOT Analysis
- 12.2.3.4. Recent Developments
- 12.2.3.5. Financials (Based on Availability)
- 12.2.4 Neato Robotics Inc
- 12.2.4.1. Overview
- 12.2.4.2. Products
- 12.2.4.3. SWOT Analysis
- 12.2.4.4. Recent Developments
- 12.2.4.5. Financials (Based on Availability)
- 12.2.5 Bobsweep
- 12.2.5.1. Overview
- 12.2.5.2. Products
- 12.2.5.3. SWOT Analysis
- 12.2.5.4. Recent Developments
- 12.2.5.5. Financials (Based on Availability)
- 12.2.6 YEEDI
- 12.2.6.1. Overview
- 12.2.6.2. Products
- 12.2.6.3. SWOT Analysis
- 12.2.6.4. Recent Developments
- 12.2.6.5. Financials (Based on Availability)
- 12.2.7 F&P Robotics AG
- 12.2.7.1. Overview
- 12.2.7.2. Products
- 12.2.7.3. SWOT Analysis
- 12.2.7.4. Recent Developments
- 12.2.7.5. Financials (Based on Availability)
- 12.2.8 Segway Inc
- 12.2.8.1. Overview
- 12.2.8.2. Products
- 12.2.8.3. SWOT Analysis
- 12.2.8.4. Recent Developments
- 12.2.8.5. Financials (Based on Availability)
- 12.2.9 Honda Motor Co Ltd
- 12.2.9.1. Overview
- 12.2.9.2. Products
- 12.2.9.3. SWOT Analysis
- 12.2.9.4. Recent Developments
- 12.2.9.5. Financials (Based on Availability)
- 12.2.10 Samsung Electronics Co Ltd (Korea)
- 12.2.10.1. Overview
- 12.2.10.2. Products
- 12.2.10.3. SWOT Analysis
- 12.2.10.4. Recent Developments
- 12.2.10.5. Financials (Based on Availability)
- 12.2.11 LG Electronics
- 12.2.11.1. Overview
- 12.2.11.2. Products
- 12.2.11.3. SWOT Analysis
- 12.2.11.4. Recent Developments
- 12.2.11.5. Financials (Based on Availability)
- 12.2.12 ZMP Inc
- 12.2.12.1. Overview
- 12.2.12.2. Products
- 12.2.12.3. SWOT Analysis
- 12.2.12.4. Recent Developments
- 12.2.12.5. Financials (Based on Availability)
- 12.2.13 Integritas
- 12.2.13.1. Overview
- 12.2.13.2. Products
- 12.2.13.3. SWOT Analysis
- 12.2.13.4. Recent Developments
- 12.2.13.5. Financials (Based on Availability)
- 12.2.14 UVD Robots
- 12.2.14.1. Overview
- 12.2.14.2. Products
- 12.2.14.3. SWOT Analysis
- 12.2.14.4. Recent Developments
- 12.2.14.5. Financials (Based on Availability)
- 12.2.15 Nidec Corporation
- 12.2.15.1. Overview
- 12.2.15.2. Products
- 12.2.15.3. SWOT Analysis
- 12.2.15.4. Recent Developments
- 12.2.15.5. Financials (Based on Availability)
- 12.2.16 Robot Lab Inc
- 12.2.16.1. Overview
- 12.2.16.2. Products
- 12.2.16.3. SWOT Analysis
- 12.2.16.4. Recent Developments
- 12.2.16.5. Financials (Based on Availability)
- 12.2.17 Maytronics*List Not Exhaustive
- 12.2.17.1. Overview
- 12.2.17.2. Products
- 12.2.17.3. SWOT Analysis
- 12.2.17.4. Recent Developments
- 12.2.17.5. Financials (Based on Availability)
- 12.2.1 iRobot Corporation
List of Figures
- Figure 1: Global Personal Service Robots Market Revenue Breakdown (Million, %) by Region 2024 & 2032
- Figure 2: Global Personal Service Robots Market Volume Breakdown (Billion, %) by Region 2024 & 2032
- Figure 3: North America Personal Service Robots Market Revenue (Million), by Type 2024 & 2032
- Figure 4: North America Personal Service Robots Market Volume (Billion), by Type 2024 & 2032
- Figure 5: North America Personal Service Robots Market Revenue Share (%), by Type 2024 & 2032
- Figure 6: North America Personal Service Robots Market Volume Share (%), by Type 2024 & 2032
- Figure 7: North America Personal Service Robots Market Revenue (Million), by Country 2024 & 2032
- Figure 8: North America Personal Service Robots Market Volume (Billion), by Country 2024 & 2032
- Figure 9: North America Personal Service Robots Market Revenue Share (%), by Country 2024 & 2032
- Figure 10: North America Personal Service Robots Market Volume Share (%), by Country 2024 & 2032
- Figure 11: Europe Personal Service Robots Market Revenue (Million), by Type 2024 & 2032
- Figure 12: Europe Personal Service Robots Market Volume (Billion), by Type 2024 & 2032
- Figure 13: Europe Personal Service Robots Market Revenue Share (%), by Type 2024 & 2032
- Figure 14: Europe Personal Service Robots Market Volume Share (%), by Type 2024 & 2032
- Figure 15: Europe Personal Service Robots Market Revenue (Million), by Country 2024 & 2032
- Figure 16: Europe Personal Service Robots Market Volume (Billion), by Country 2024 & 2032
- Figure 17: Europe Personal Service Robots Market Revenue Share (%), by Country 2024 & 2032
- Figure 18: Europe Personal Service Robots Market Volume Share (%), by Country 2024 & 2032
- Figure 19: Asia Personal Service Robots Market Revenue (Million), by Type 2024 & 2032
- Figure 20: Asia Personal Service Robots Market Volume (Billion), by Type 2024 & 2032
- Figure 21: Asia Personal Service Robots Market Revenue Share (%), by Type 2024 & 2032
- Figure 22: Asia Personal Service Robots Market Volume Share (%), by Type 2024 & 2032
- Figure 23: Asia Personal Service Robots Market Revenue (Million), by Country 2024 & 2032
- Figure 24: Asia Personal Service Robots Market Volume (Billion), by Country 2024 & 2032
- Figure 25: Asia Personal Service Robots Market Revenue Share (%), by Country 2024 & 2032
- Figure 26: Asia Personal Service Robots Market Volume Share (%), by Country 2024 & 2032
- Figure 27: Australia and New Zealand Personal Service Robots Market Revenue (Million), by Type 2024 & 2032
- Figure 28: Australia and New Zealand Personal Service Robots Market Volume (Billion), by Type 2024 & 2032
- Figure 29: Australia and New Zealand Personal Service Robots Market Revenue Share (%), by Type 2024 & 2032
- Figure 30: Australia and New Zealand Personal Service Robots Market Volume Share (%), by Type 2024 & 2032
- Figure 31: Australia and New Zealand Personal Service Robots Market Revenue (Million), by Country 2024 & 2032
- Figure 32: Australia and New Zealand Personal Service Robots Market Volume (Billion), by Country 2024 & 2032
- Figure 33: Australia and New Zealand Personal Service Robots Market Revenue Share (%), by Country 2024 & 2032
- Figure 34: Australia and New Zealand Personal Service Robots Market Volume Share (%), by Country 2024 & 2032
- Figure 35: Latin America Personal Service Robots Market Revenue (Million), by Type 2024 & 2032
- Figure 36: Latin America Personal Service Robots Market Volume (Billion), by Type 2024 & 2032
- Figure 37: Latin America Personal Service Robots Market Revenue Share (%), by Type 2024 & 2032
- Figure 38: Latin America Personal Service Robots Market Volume Share (%), by Type 2024 & 2032
- Figure 39: Latin America Personal Service Robots Market Revenue (Million), by Country 2024 & 2032
- Figure 40: Latin America Personal Service Robots Market Volume (Billion), by Country 2024 & 2032
- Figure 41: Latin America Personal Service Robots Market Revenue Share (%), by Country 2024 & 2032
- Figure 42: Latin America Personal Service Robots Market Volume Share (%), by Country 2024 & 2032
- Figure 43: Middle East and Africa Personal Service Robots Market Revenue (Million), by Type 2024 & 2032
- Figure 44: Middle East and Africa Personal Service Robots Market Volume (Billion), by Type 2024 & 2032
- Figure 45: Middle East and Africa Personal Service Robots Market Revenue Share (%), by Type 2024 & 2032
- Figure 46: Middle East and Africa Personal Service Robots Market Volume Share (%), by Type 2024 & 2032
- Figure 47: Middle East and Africa Personal Service Robots Market Revenue (Million), by Country 2024 & 2032
- Figure 48: Middle East and Africa Personal Service Robots Market Volume (Billion), by Country 2024 & 2032
- Figure 49: Middle East and Africa Personal Service Robots Market Revenue Share (%), by Country 2024 & 2032
- Figure 50: Middle East and Africa Personal Service Robots Market Volume Share (%), by Country 2024 & 2032
List of Tables
- Table 1: Global Personal Service Robots Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Global Personal Service Robots Market Volume Billion Forecast, by Region 2019 & 2032
- Table 3: Global Personal Service Robots Market Revenue Million Forecast, by Type 2019 & 2032
- Table 4: Global Personal Service Robots Market Volume Billion Forecast, by Type 2019 & 2032
- Table 5: Global Personal Service Robots Market Revenue Million Forecast, by Region 2019 & 2032
- Table 6: Global Personal Service Robots Market Volume Billion Forecast, by Region 2019 & 2032
- Table 7: Global Personal Service Robots Market Revenue Million Forecast, by Type 2019 & 2032
- Table 8: Global Personal Service Robots Market Volume Billion Forecast, by Type 2019 & 2032
- Table 9: Global Personal Service Robots Market Revenue Million Forecast, by Country 2019 & 2032
- Table 10: Global Personal Service Robots Market Volume Billion Forecast, by Country 2019 & 2032
- Table 11: Global Personal Service Robots Market Revenue Million Forecast, by Type 2019 & 2032
- Table 12: Global Personal Service Robots Market Volume Billion Forecast, by Type 2019 & 2032
- Table 13: Global Personal Service Robots Market Revenue Million Forecast, by Country 2019 & 2032
- Table 14: Global Personal Service Robots Market Volume Billion Forecast, by Country 2019 & 2032
- Table 15: Global Personal Service Robots Market Revenue Million Forecast, by Type 2019 & 2032
- Table 16: Global Personal Service Robots Market Volume Billion Forecast, by Type 2019 & 2032
- Table 17: Global Personal Service Robots Market Revenue Million Forecast, by Country 2019 & 2032
- Table 18: Global Personal Service Robots Market Volume Billion Forecast, by Country 2019 & 2032
- Table 19: Global Personal Service Robots Market Revenue Million Forecast, by Type 2019 & 2032
- Table 20: Global Personal Service Robots Market Volume Billion Forecast, by Type 2019 & 2032
- Table 21: Global Personal Service Robots Market Revenue Million Forecast, by Country 2019 & 2032
- Table 22: Global Personal Service Robots Market Volume Billion Forecast, by Country 2019 & 2032
- Table 23: Global Personal Service Robots Market Revenue Million Forecast, by Type 2019 & 2032
- Table 24: Global Personal Service Robots Market Volume Billion Forecast, by Type 2019 & 2032
- Table 25: Global Personal Service Robots Market Revenue Million Forecast, by Country 2019 & 2032
- Table 26: Global Personal Service Robots Market Volume Billion Forecast, by Country 2019 & 2032
- Table 27: Global Personal Service Robots Market Revenue Million Forecast, by Type 2019 & 2032
- Table 28: Global Personal Service Robots Market Volume Billion Forecast, by Type 2019 & 2032
- Table 29: Global Personal Service Robots Market Revenue Million Forecast, by Country 2019 & 2032
- Table 30: Global Personal Service Robots Market Volume Billion Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Personal Service Robots Market?
The projected CAGR is approximately 15.60%.
2. Which companies are prominent players in the Personal Service Robots Market?
Key companies in the market include iRobot Corporation, Ecovacs Robotics, Roborock, Neato Robotics Inc, Bobsweep, YEEDI, F&P Robotics AG, Segway Inc, Honda Motor Co Ltd, Samsung Electronics Co Ltd (Korea), LG Electronics, ZMP Inc, Integritas, UVD Robots, Nidec Corporation, Robot Lab Inc, Maytronics*List Not Exhaustive.
3. What are the main segments of the Personal Service Robots Market?
The market segments include Type.
4. Can you provide details about the market size?
The market size is estimated to be USD 12.10 Million as of 2022.
5. What are some drivers contributing to market growth?
Increasing Penetration Toward Domestic Service Robots; Increase Use of IoT and AI Chipsets.
6. What are the notable trends driving market growth?
Elderly and Handicap Assistance Segment Will See a Significant Growth.
7. Are there any restraints impacting market growth?
Increasing Penetration Toward Domestic Service Robots; Increase Use of IoT and AI Chipsets.
8. Can you provide examples of recent developments in the market?
July 2024: ECOVACS, a leading company in robotic home cleaning solutions, introduced three new innovative robot vacuum models: DEEBOT T30S COMBO, DEEBOT X5 PRO OMNI, and DEEBOT N20 PRO, designed to cater to the various cleaning needs of households in Singapore. This new lineup reflects ECOVACS' dedication to providing top-notch products to consumers, with a focus on technological advancements and high-quality cleaning solutions for modern homes.April 2024: Roborock, a leading company in the field of advanced home robotics, announced that it has achieved the top position in global sales of robotic vacuums. Additionally, the brand has offered a sneak peek into its upcoming product lines and shared its vision for the future. Over the period of 2019 to 2023, Roborock made a significant investment of CNY 1.9 billion (USD 260 million) in R&D. Roborock encourages innovative solutions that meet the needs of consumers, including enhancements in cleaning efficiency, mapping and navigation, convenience, and integration with smart home technology.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million and volume, measured in Billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Personal Service Robots Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Personal Service Robots Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Personal Service Robots Market?
To stay informed about further developments, trends, and reports in the Personal Service Robots Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
