Professional Service Robots Market to Witness Huge Growth by 2027 | ABB Ltd., Boston Dynamics, Comau S.P.A., Daifuku Co., Ltd.

Global Professional Service Robots Market Size study, byApplication (Field Robotics, Professional Cleaning, Inspection & Maintenance, Construction & Demolition, Logistics, Medical Robots, Rescue & Security, Underwater, Public Relation,Other Application) by Form Factor (Land-based, Water-based, Wearable Robots) and Regional Forecasts 2021-2027  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Professional Service Robots  market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Professional Service Robots  market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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Key Segments Studied in the Global Professional Service Robots  Market

Global Professional Service Robots Market to reach USD 191.68billion by 2027.

 Global Professional Service RobotsMarket is valued approximately USD 17.3billion in 2020 and is anticipated to grow with a healthy growth rate of more than 41% over the forecast period 2021-2027.  Professional service robots are mostly used to assist humans rather than just to replace individuals. The robotic systems have an arm but are incapable of performing complicated operations that most industrial robots do. In the small and medium-sized business sector, the Robot-as-a-Service (RaaS) concept is gaining steam. The strategy allows users to lease robotic devices and subscribe to cloud-based subscriptions without making large upfront commitments. As a result, it lowers the high capital requirements for small and medium-sized firms, enabling them to benefit from robotics mechanization. Many digital titans are focusing on the technology that will allow RaaS to be implemented on a broad basis. AWS RoboMaker is a cloud-based structure developed by Amazon.com, Inc. that delivers algorithms, surveillance, and analytics to professional service robot manufacturers. The Google Cloud Robotics Platform, which offers a cloud-connected robotics alternative, is also being developed by Google LLC. In the worldwide professional service robots market, the increasing use of robots for companionship and handicap support could create attractive growth prospects. Disability robots are created to assist persons with physical limitations that make it difficult for them to carry out their regular responsibilities. People who have severe injuries that affect their daily tasks have been shown to benefit from disability robots. However, data privacy is one of the most serious challenges with professional service robots. Many robots can be hacked and utilized for nefarious purposes. Robots utilized in the defense and intelligence sectors are particularly vulnerable, as they can be hacked and then used to investigate, steal private information, or, in the worst-case scenario, attack.Despite the fact that robot makers are increasing security protocols, robots are still vulnerable to hacking. As a result, during the forecast period, these factors are likely to hinder the market growth.Also, another business possibility is companion robots, which are an emerging concept in which robots will be employed to assist the elderly. These robots are quite sophisticated and can be helpful at home. They can remind seniors to take their meds and perform other daily tasks.

In 2019, Europe had the most revenue of USD 59.9 billion and the largest volume share, with Germany leading the way. Nearly 42% of professional service robot companies in the world are based in the region, and they serve a variety of industry verticals. Furthermore, European companies account for about half of the logistics network makers, indicating considerable growth in the logistics sector.During the forecast timeframe, the Asia Pacific region is predicted to increase at the fastest rate. The presence of countries such as Japan, China, and South Korea, which contribute for a substantial portion of the region’s population, is helping to drive growth prospects. Furthermore, it is expected that rising disposable income in incredibly quickly developing countries such as India and Singapore will raise demand for professional service robots in coming years.

 

Major market player included in this report are:

  • ABB Ltd.
  • Boston Dynamics
  • Comau S.P.A.
  • Daifuku Co., Ltd.
  • Kawasaki Heavy Industries, Ltd.
  • Mitsubishi Electric Corporation
  • Ontario Drive & Gear Ltd.
  • Universal Robots A/S
  • Yaskawa, Inc.

 

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Service:

  • Field Robotics
  • Professional Cleaning
  • Inspection & Maintenance
  • Construction & Demolition
  • Logistics
  • Medical Robots
  • Rescue & Security
  • Underwater
  • Public Relation
  • Other Applications

By Form Factor:

  • Land-based
  • Water-based
  • Wearable Robots

Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

Study Explore :

  • Market Behavior/ Level of Risk and Opportunity
  • End Industry Behavior/ Opportunity Assessment
  • Expected Industry Recovery Timeline

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Each study, more than 100+ pages, is packed with tables, charts and insightful narrative including coverage on:

  • Market size
  • Product segments – size and forecasts
  • Market segments – size and forecasts
  • Market share of leading manufacturers
  • Relevant industry trends
  • Industry structure
  • Company profiles of industry participants
  • Market environment
  • Trade flows

 

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

 

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

 

The study objectives of this report are:

  • To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data, and forecast to 2025.
  • To understand the structure of market by identifying its various subsegments.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the growth trends, future prospects, and their contribution to the total market.
  • To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

 

The Study Explore COVID 19 Outbreak Impact Analysis

 

  • What should be entry strategies, countermeasures to economic impact, and marketing channels?
  • What are market dynamics?
  • What are challenges and opportunities?
  • What is economic impact on market?
  • What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

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Key Points Covered in Professional Service Robots  Market Report:

Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Professional Service Robots  market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Professional Service Robots   Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

……..and view more in complete table of Contents

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