Latest News- Hospitality Robots Market: Hotels is expected to lead the End-user segment during 2025-2029

The Hospitality Robots Market is being driven by Increasing penetration of AI in robots

The Hospitality Robots Market is expected to grow at a CAGR of 16.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 663.2 million. In the realm of business innovation, the Internet of Things (IoT) has emerged as a game-changer, with a significant focus on creating interconnected environments. IoT technology enables the collection of real-time data through sensors and actuators, which is then transmitted to a centralized hub. This data empowers end-users to make informed decisions, driving operational efficiency and productivity. The integration of IoT technology is particularly noteworthy in the hospitality industry, where businesses are adopting this technology to manage their machinery, equipment, and motion control systems more effectively. The implementation of digital control, wireless communications, low-cost sensors, and remote monitoring are key IoT-enabled advancements that are revolutionizing the sector, with original equipment manufacturers (OEMs) leading the charge. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Hotels
  • Restaurants and bars
  • Travel and tourism industry
• Distribution Channel
  • Online
  • Offline
• Type
  • Front Desk Robots
  • Delivery Robots
  • Cleaning Robots
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • Japan
    • South Korea
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing penetration of AI in robots
• Rising number of innovative start-ups in hospitality robots industry to upsurge market growth
• Increased advantages of automated robot work over human work

However, the market also witnesses some limitations, which are as follows:

• High initial cost of hospitality robots
• Need for technical expertise to operate hospitality robots
• Lower product penetration in low-income regions

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Market Scope in Hospitality Robots Market Research Report

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Research Analysis Overview

In the Hospitality industry, robots are revolutionizing guest experiences with their ability to perform a multitude of tasks. From front desks and reception to housekeeping and room service, these autonomous machines are taking over tasks such as storage services, disinfecting public areas, and mobile guidance in hotels, bars & restaurants, and tourism industry. Leveraging AI, ML, IoT, and robotic systems, these robots offer improved customer service, efficiency, and productivity. They handle tasks like check-ins, disinfection, and mobile guidance, freeing up human staff for more complex tasks. In the hospitality sector, robots are transforming the guest experience with their advanced capabilities in tasks like cleaning, security, and even room service.

Market Research Overview

The global electronic equipment and instruments market, a segment of the larger super parent electronics market, is projected to experience significant growth due to the increasing demand for advanced technology solutions in various industries. In the hospitality sector, the implementation of hospitality robots for tasks such as front desk services, disinfecting public areas, and storage services, is driving market expansion. The tourism industry's focus on enhancing guest experiences through technological innovation is also contributing to this trend. Electronic test and measurement equipment, a key component of this market, will continue to be in high demand due to technological advancements and digital transformation across industries, including hospitality.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/