The professional indoor facility mobility robot market is expected to witness significant growth over coming years. The market growth can be attributed to increasing technological innovations and changing lifestyles of people. The increasing labor costs for cleaning and hotel services are further contributing to the rising demand for professional mobility robots. Food delivery robots are equipped with advanced features that make them ideal for preparing, serving, and delivering food. Increasing awareness among businesses about the advanced capabilities of robots has initiated the replacement of human labor with robots. These factors are expected to drive the growth of the professional mobility robot market over a forecast period.
The increasing technological implementation and developments in machine vision, force sensing, speech recognition, and advanced mechanics have equipped robots with advanced functionality. Cleaning robots have become more efficient and accurate, whereas food serving robots have started replacing humans due to lower operating costs.
The COVID-19 pandemic has accelerated the demand for mobility robots across the hospitality industry and other businesses for serving and cleaning purposes. COVID-19 norms such as social distancing and maintaining proper hygiene were the major factors contributing to market growth. The pandemic triggered the launch of several programs for donating robots that support cleaning and contactless delivery to avoid human contact and the spread of infection. For instance, in March 2022, Pudu Technology Inc. supported Hong Kong by donating Puductor 2, a UV cleaning robot, and BellaBot, a food delivery robot. This donation enabled the country to prevent the spread of omicron and introduced new capabilities for performing different tasks.
The increasing global demand has prompted several venture capital firms to focus on investing in professional mobility robot manufacturers. For instance, in March 2022, Bear Robotics, backed by SoftBank Group Corp., raised a fund of USD 81 million from the series-B funding round. Cleveland Avenue, LLC., a Chicago-based venture capital firm, was one of the major investors involved in the funding round. Other investors included IMM Holdings, Inc. and KT Corp. Bear Robotics aims to expand its offerings beyond the U.S., Japan, and South Korea by extending its strategic partnerships with SoftBank Robotics and KT Corp.
Key players operating in the professional mobility robot market include SoftBank Robotics, PuDu Robotics, Gaussian Robotics, Keenon Robotics, Bear Robotics, Pangolin Robot, Yunji Technology, Lionsbot, and Taski Diversey. SoftBank Robotics has been identified as the “Global No. 1 Professional Mobility Robot, By Revenue, 2022”, followed by PuDu Robotics; Gaussian Robotics; Keenon Robotics, Bear Robotics, and Pangolin Robot. in terms of the revenue of delivery robot and cleaning robot products, according to a new study by Grand View Research, Inc., Market Study, 2022. These companies are pursuing numerous organic and inorganic growth strategies to strengthen their market position and expand their customer base. For instance, in September 2020, Bear Robotics and SoftBank Robotics collaborated to design a new robot called Servi.
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Market Definition
1.3 Research Scope and Assumptions
1.4 List of Data Sources
Chapter 2 Professional Indoor Facility Mobility Robots Market Outlook
2.1 Professional Indoor Facility Mobility Robots Market Intelligence Analysis
2.2 Professional Indoor Facility Mobility Robots Market Share Analysis,2021
2.2.1 SoftBank Robotics
2.2.2 PuDu Robotics
2.2.3 Gaussian Robotics.
2.2.4 Keenon Robotics
2.2.5 Bear Robotics
2.2.6 Pangolin Robot
2.2.7 Yunji Technology
2.2.9 Taski Diversy
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