Service Robotics Market

1. Analysis of Service Robotics Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~26% During 2024- 2036 and Attain ~USD 500 billion by 2036 Research Nester assesses the growth and market size of the global service robotics market which is anticipated to be on account of the rapid technological advancements and increasing production of the robots. New York –February 1, 2024- Research Nester’s recent market research analysis on “Service Robotics Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global service robotics market in terms of market segmentation by component, robots, and by region. Request Report Sample@ https://www.researchnester.com/sample-request-5633 Growing Applications of Robotics in various Industries to Promote Global Market Share of Service Robotics Market The global service robotics market is anticipated to garner remarkable growth in the coming duration on the back of the rising application of robots in numerous industries. The growing adoption of robotics in automotive, agriculture, healthcare, food & beverages industries is fueling the market growth. It has been estimated that sales of professional service robots have grown to almost 37.1% in the year 2021. Other than this, there are already 1 service robots for almost 1500 restaurants. It has been estimated that between 30%-70% of labor costs can be saved with the help of robotics. Hence, the growing advantages of service robots over human is projected to fuel the market growth. Some of the major growth factors and challenges that are associated with the growth of the global service robotics market are:

2. Growth Drivers: •Availability of Affordable Service Robots to Foster Market Growth •Increasing Expenditure Made by Government Organizations Challenges: The rising concern for cyber security, high investment for maintenance, and lack of awareness are some of the major factors anticipated to hamper the global market size of the service robotics market. Request for customization@ https://www.researchnester.com/customized-reports-5633 By robots, the globalservice robotics market is segmented into professional, personal household, and entertainment. Out of which, the professional segment is poised to accumulate the maximum market share. Moreover, almost 90% of robots are utilized in manufacturing and factory facilities. In the year 2020, the professional service robots are anticipated to be around 12,100 units globally. By region, the Europe global service robotics market is to generate the highest revenue by the end of 2036. In 2023, the service robotics market in Europe generated almost USD 9.1 billion. The steady growth reflects the rapid adoption and integration of robotics technology across various industries in Europe. This report also provides the existing competitive scenario of some of the key players of the global service robotics market which includes company profiling of iRobot Corporation, Boston Dynamics, KUKA AG, Intuitive Surgical Operation, Inc., Zebra Technologies Corporation, ABB, Stryker Corporation, GeckoSystems Intl. Corp., Kongsberg Gruppen ASA, Parrot Drone SAS and others.

3. Access our detailed report at: https://www.researchnester.com/reports/service-robotics- market/5633 Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919