Robots in Hospitality Market Expected to Reach XX Million by 2025

2018-03-13 16:35:38

According to a new report published by Reports Monitor titled, “Robots in Hospitality Market By Industry: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Robots in Hospitality was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Robots in Hospitality Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period. 

A robot is a machine designed by a computer programming language, and is capable of executing one or more task automatically. Robots can be handled by external control device, or the device may be embedded in the robot itself. They are designed to take a human form, and make the work easy. 

With the modernization of society and growth in robotic innovations, robots are finding their place in the hospitality industry. The potential to make people feel welcomed, valued, respected, and protected is hospitality. Robots are becoming common helpers in hospitality including in hotels and restaurants around the world. Robotics into the hospitality industry was firstly introduced in japan. Henn-na Hotel ( meaning ‘strange’ in Japanese) is the first Japanese hotel in the world with the staff team made up of robots. Robots in hotel performs several tasks like room cleaning, placing an orders, room servicing and others.

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Robots are also booming in the healthcare industries. The robots will have the potential to carry mobility impaired sufferers or help them stand up or guide them while they are walking. In Singapore, there are robots called RoboCoaches. These robots can be served as a fitness coaches for seniors. 

Robots will create a large number of jobs in hospitality and different sectors:

It is claimed that robots will reduce the millions of job opportunities, but it is seem to be having the apposite effect. The hotels which are using robots will have to hire the large number of staff because of growth in occupancy rates. As there is an exponential increase in the robotic market, there will be huge demand for robot designers, engineers, programmers and business experts. Robots will help to boost various business in hotels, restaurants, retail stores which will lead to increase revenues and additional hiring.

Hospitality will be a leading industry in human-robot interaction:

In hospitality industry robots will be built that have size, shape, sound, and personality. They must be approachable, non-threatening, and helpful and communicate clearly about what they’re doing and where they’re going. The robotics designer will also merge psychological principles like sympathy and emotions to ensure success. Recently it has predicted that the hotel robots will carry your bags, check you in, and serve you a drink.

Key Question Answered:

• What will be the market size in 2025 and at what rate it will grow?

• What trends, barriers, challenges are influencing its growth?

• Who are the major key players in Robots in Hospitality Market and what are their strategies?

• Which vertical industry is expected to show major growth?

• What segment and region will lead the market and why?

The major companies profiled in the report include: AliceApp, Savioke, Yikes, Novility, AboveProperty and others..

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