Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 512.57 Million | USD 2571.18 Million | 17.5% | 2024 |
FrequentlyAsked Questions
Hospitality robots are semi-autonomous or autonomous robots that are gaining high popularity in the hospitality industry. They can be used for a wide variety of tasks that would otherwise be done by a human. Some of these tasks include serving food & drinks, welcoming guests, cleaning rooms, and providing room service, assisting with luggage. As the demand and investments for complete automation across sectors are on the rise, the hospitality robots industry can expect higher revenue during the forecast period. There are different types of robots that are specifically designed to cater to the needs of the hospitality industry including cleaning robots, humanoid robots, service robots, and others.
The global hospitality robots market is expected to grow due to increasing labor shortages, demand for automation to enhance operational efficiency, advancements in AI and robotics technologies, and the need to improve customer service and satisfaction.
According to a study, the global hospitality robots market size was worth around USD 512.57 Million in 2024 and is expected to reach USD 2571.18 Million by 2034.
The global hospitality robots market is expected to grow at a CAGR of 17.5% during the forecast period.
North America is expected to dominate the hospitality robots market over the forecast period.
Leading players in the global hospitality robots market include Hyundai Robotics, Aethon Inc., Savioke, Knightscope, Inc., Ubtech Robotics, Inc., Softbank Robotics, Connected Robotics Inc., Travelmate Robotics, Maidbot, Botsandus, among others.
The report explores crucial aspects of the hospitality robots market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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