What is the current Hospitality Robots Market size?

The Hospitality Robots Market is projected to register a CAGR of 25.20% during the forecast period (2024-2029) Read More

Who are the key players in Hospitality Robots Market?

Relay Robotics Inc., LG Electronics Co. Ltd, Bear Robotics, Inc., Hyundai Robotics Co., Ltd. and Connected Robotics Inc. are the major companies operating in the Hospitality Robots Market. Read More

Which is the fastest growing region in Hospitality Robots Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Hospitality Robots Market?

In 2024, the North America accounts for the largest market share in Hospitality Robots Market. Read More

What years does this Hospitality Robots Market cover?

The report covers the Hospitality Robots Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hospitality Robots Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Hospitality Robots Market Size & Share Analysis - Industry Research Report

Hospitality Robots Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Hospitality Robots Market is Segmented by Type (Reception/Front Desk Robots, Mobile Guidance Robots, Delivery Robots, Cleaning Robots), End User (Hotels, Bars & Restaurants, Travel & Tourism), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Hospitality Robots Industry Overview

The hospitality robots market is growing in competition as consumer awareness and acceptance drive the demand for these robots. The increasing demand, in turn, is grabbing new vendors' attention in the market, which is expected to drive competitive rivalry among the vendors. New product innovations, partnerships, and acquisitions are among the key strategies adopted by the vendors to strengthen their market presence further. Some major market vendors include Relay Robotics Inc., LG Electronics Co. Ltd., Bear Robotics Inc., Hyundai Robotics Co., Ltd., etc.

June 2022 - Relay Robotics, Inc., a supplier of service robots to the hospitality, healthcare, and real estate industries, announced that it would be exhibiting its Relay+ Service Robot, a robot designed for hospitality services, at the 2022 Hospitality Industry Technology Exposition and Conference (HITEC), at the Orange County Convention Center in Orlando, Florida.
May 2022 - Relay Robotics, a new venture formed by Relay's acquisition of robotics developer Savioke, raised USD 10 million in a series A financing round led by MK Capital. The company would be using the funding to accelerate the development and deployment of its delivery robots.