Professional Service Robots Market 2020: Detailed analysis and growth trends post COVID-19 outbreak

OCT 05,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Professional Service Robots Market.

Professional Service Robots Market is likely to witness an impressive CAGR of 30% during the forecast period. The prime factors which are likely to drive the professional service robots’ market are innovations and development in 5G technology and AI chipsets, reduced human tasks at various workplaces, low operational expenses, and high Return on Investment (ROI).

Professional service robots are used for helping humans, rather than replacing them. Though these robots have arms, but they are unable to perform heavy tasks that can be performed by most of the industrial robots. There has been a massive demand for these robots, as they offer several advantages, such as increased productivity, greater workplace safety, and streamlined process.

Based on the application type, the market is segmented as logistics, healthcare, military & defense, inspection & maintenance, customer service, field robots, and others. Logistics application is likely to grow at the fastest pace, driven by the requirement for flexible and speedy delivery of goods in the customer-driven economy.

In terms of regions, Europe led the professional service robots’ market in 2019, both in terms of value as well as volume, followed by Germany. The region has a strong presence of professional service robot manufacturers that cater to various industry verticals globally. Also, around 50% of logistics system manufacturers are European companies that contribute to strong market of professional service robots for logistics application type.

Key Players

  • Boston Dynamics
  • Cyberdyne Inc.
  • Daifuku Co. Ltd
  • GeckoSystems Intl. Corp.
  • iRobot Corporation
  • KUKA AG
  • Northrop Grumman Corporation
  • Ontario Drive & Gear Ltd
  • Robert Bosch GmbH
  • Softbank Robotics Group

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Professional Service Robots Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors
Customization of the Report:

This report can be customized to meet the client’s requirements. In order to provide more accurate market forecast, all the reports are updated before delivery.

You can mail our sales team at (sales@stratviewresearch.com) and get in touch with us on +1-313-307-4176 to share your research requirements.

About Us: Stratview Research is a trusted global market intelligence and strategic consulting firm providing inclusive range of services to multiple clients across a wide array of industries. Our team of veterans and analysts have extensive experience in executing custom research projects for mid-sized to fortune companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, and more.