Global Electric Vehicle Market

Global Service Robotics Market To Be Driven At A CAGR Of 23% In The Forecast Period Of 2021-2026

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The new report by Expert Market Research titled, ‘Global Service Robotics Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global service robotics market, assessing the market based on its segments like product type, component, application, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2021-2026)

  • Historical Market Size (2020): USD 20.4 Billion
  • Forecast CAGR (2021-2026): 23%
  • Forecast Market Size (2026): USD 71 Billion

The global service robot market is driven by the growing application in domestic and industrial sector. The growing demand for automation across various sectors such agricultureconstructions, defence and security, healthcare, logistics, professional cleaning, and forestry is pushing the growth of service robot market. Moreover, the integration of artificial intelligence (AI) to improve accuracy, reliability, and reduction in chances of manual error will aid in the growth of the market. Further, the factors such as augmentation of labour cost, and growing awareness about the widespread applications will propel the growth in the forecast period.

Industry Definition and Major Segments

Service robots are devices that are designed to perform tasks in order to assist humans. These machines are semi- or fully automated and can perform dangerous and time-consuming tasks safely and effectively.

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By product type, the market is divided into:

  • Professional Service
  • Personal and Domestic Service
  • Others

Based on component, the industry can be segmented into:

On the basis of application, the industry can be categorised into:

  • Logistics
  • Construction and Demolition
  • Medical
  • Defence, Rescue and Security
  • Entertainment, Educational and Personal
  • Domestic
  • Marine
  • Research and Space Exploration
  • Others

Latest Global News on Service Robotics Market@

On the basis of regional markets, the industry is divided into:

1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

Market Trends

Regionally, North America is the largest shareholder in the global service robot market owing to the widespread utilisation of service robots across USA. The rapid rate of automation in the region, increasing investment in research and development, and presence of key players are factors among others pushing the growth further. Additionally, the increasing utilisation of service robots in defence will aid the growth. Meanwhile, Asia Pacific is expected to have a rapid growth due to rapid automation and industrialisation in the region. Moreover, the presence of key players with strong technical expertise in Japan will aid the region’s growth in the forecast period.

Key Market Players

The major players in the market are Omron Corporation, Daifuku Co., Ltd., Dematic Holding S.à r.l., Intuitive Surgical, Inc., Kollmorgen Corporation, KUKA AG, and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Expert Market Research
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
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Country: United States

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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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The polyethylene foam market is being driven by the rising construction activities in residential and commercial settings around the world. XLPE foams have excellent thermal insulation, moisture resistance, and sound absorption properties making it suitable for house and commercial construction projects.
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