Global & China Service Robot Industry Report 2018-2022 – Global Market is Expected to Soar to $20.7 Billion by 2022 – ResearchAndMarkets.com

The “Global
and China Service Robot Industry Report, 2018-2022” report has
been added to ResearchAndMarkets.com’s offering.

In 2017, the global service robot market size reached approximately
USD8.3 billion, up 13.6% from a year earlier, and the scale is expected
to keep a growth rate of about 20% in the upcoming years and soar to
USD20.7 billion in 2022 in the wake of the growing mature technologies
like artificial intelligence and human-machine interaction as well as
the expedited aging of population and the robust demand for medical care
and education.

China is a country where service robot enjoys broad prospects, with its
market size reporting USD1.32 billion or so and sharing 15.9% of global
total in 2017. Being incentivized by policies, service robot embrace
huge market potentials and vast development space in China and its
market will be worth USD4.9 billion in 2022.

In 2017, dedicated service robots made most sales contribution and swept
62.8% of global market. To be specific, medical service robot as one of
the mainstream dedicated service robots in the world had the market size
of USD1.83 billion or 35% of the global dedicated service robot market
in 2017, and its market is anticipated to reach USD4.28 billion in 2022.

Logistics robot witnessed the highest growth rate in terms of sales
among the dedicated service robots in 2017 and its sales soared by 45.7%
year on year and reached 37,000 units. As the intelligent logistics is
developing by leaps and bounds and such new logistics equipment mushroom
as unmanned warehouse, UAV and smart delivery robot, the logistics robot
market will continue rapid growth momentum and its sales will hit
116,000 units till 2022.

As far as personal/home service robots are concerned, the cleaning robot
market maintained rapid growth in 2017 and the sales reported USD2
billion with a year-on-year upsurge of 24.9%. Irobot and Ecovacs, which
are the two largest producers of cleaning robot around the globe, held a
combined market share of 73% in 2017. Being bullish about the market,
firms like Xiaomi and Haier have forayed into the field of cleaning
robot successively and seized some market shares. For example, Xiaomi
launched MIJIA sweeping robot in 2016, and Haier rolled out T550
sweeping robot in 2017.

Companies Featured

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