According to the Hospitality Robots Market forecast, the global market size is estimated to cross $17,10,879.9 thousand by 2028, growing from $2,81,500.0 thousand in 2020, at a healthy CAGR of 25.7%.

COVID-19 Impact on Hospitality Robots Market

Global hospitality robots market is projected to register an incline in the growth throughout the pandemic period. The tourism sector has fueled again, and multiple hotels & restaurants have offered isolation time for their guests. As the majority of the nations have opened their borders, hoteliers are also taking care of tourists by implementing innovative, hygienic, and touch-free robots.

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Global Hospitality Robots Market Analysis

Contrary to this, high cost associated with hospitality robots is projected to restrain the growth of the global market, throughout the projected period. Moreover, lower penetration of hospitality robots across restaurants/malls in middle or low-income nations is also hampering the global hospitality robots market growth.

In recent several years, the introduction of disinfecting robots in the hospitality sector has notably increased. These robots are fully autonomous, mobile, and built with large number of disinfection-specialized apps to disinfect against harmful bacteria and viruses. Tech giant companies like LG Electronics have also developed an autonomous robot that may use ultraviolet (UV-C) light in order to disinfect high-traffic areas, high-touch, including hallways and hotel lobbies. These robots play crucial role in tourism, restaurants, and event industries for cleaning purpose. All these hospitality robots market trends may further create huge opportunities in the global market

Global Hospitality Robots Market, Segmentation

The global hospitality robots market is segmented based on type, end-user, and region.

Type:

The type segment is further classified into front desk robots, delivery robots, cleaning robots, and others.

Among these, the delivery robots sub-segment is predicted to have the significant growth and cross $5,47,392.7 thousand by 2028, with the rise from $86,383.6 thousand in 2020.

Delivery robots are efficient, safe, reliable, and enable staff focus on their guests. In addition to this, hotels operating in emerging nations like China and India are facing serious problems such as labor shortages and soaring labor costs. Hence the demand for delivery robots in the hotel/restaurant sector is expected to increase exponentially as they are best replacement for low value-added redundant, and sometimes dangerous human work.

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End-user:

The end-user segment is further classified into hotels, restaurants & bars, and travel & tourism industry. Among these, the hotels sub-segment is projected to have the highest share of the hospitality robots market size and register a revenue of $7,39,408.2 thousand by 2028.

Improvisation in the hotel industry after COVID-19 pandemic along with surged need in the touch-free and hygienic robots in hotels are some of the factors accelerating the adoption of robots in hotel end-users. Also, hotel robots such as Savioke robots significantly help in enhancing hotel’s performance by minimizing the long wait time in lines, less likelihood of making errors, and collecting interesting customer behavioral patterns. These elements are fueling the hotel end-user growth.

Region:

Hospitality robots market for Asia-Pacific region is extremely competitive and prominent players in the industry are adopting several strategies to gain largest APAC hospitality robots market share. Asia-Pacific hospitality robots market accounted $61,367.0 thousand in 2020 and is expected to register a revenue of $3,93,502.4 thousand by 2028.

The notable growth of Asia-Pacific hospitality robot industry is mainly driven by increased foreign tourist arrivals. Furthermore, amazing tourist destinations and strong presence of local hospitality players, namely Southern Pacific, Shangri-La, and Prince Hotels across the Asian countries are also showing significant growth in the Asia-Pacific hospitality robots market.

Key Players in the Global Hospitality Robots Market

Some of the leading global hospitality robots market players are

• Savioke
• BotsAndUs
• Travelmate Robotics
• Maidbot
• Aethon Inc.
• Softbank Robotics
• Ubtech Robotics, Inc.
• Connected Robotics
• Awabot
• Starship Technologies Inc.

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