With the major applications in medical, agriculture, defense and logistics, demand for service robots were increased by 27% in 2016, as compared to 2015. Along with professional service, personal service robotics business is also expanding across the globe. The demand for personal and domestic service robots were waved by 16% in 2015. Growing demand of robots for household and domestic purpose is spurring the market growth. In 2016, around 4 million units of personal service robots were sold which includes vacuum cleaners, window cleaners and lawn mowers. Personal service robotics segment is relatively a new market and is giving rise to various startups in this field. Growing number of startups for this business is expected to contribute in the personal service robotics market growth.

As per the Research analyst, the global personal service robotics market size valued USD 2.9 billion in 2016 and is estimated to reach USD 21.0 billion by 2024 growing at a CAGR of 28.0% during the period 2016-2024.
Covered In This Global Personal Service Robotics Market Report
The report covers the present ground scenario and the future growth prospects of the personal service robotics market for 2016-2024 along current and estimated sales value of personal service robots in every region. We calculated the market size and revenue share on the basis of revenue generated from total sales of personal service robots (million units) and price value personal service robots across the globe.

Global Personal Service Robotics Market Segmentation

Based on Product Type
Household/Domestic Robots
o Cleaning Robots
o Assistive Robots
o Other Robots(Lawn-Mowing Robots, Home Security & Surveillance Robots)
Entertainment or Leisure Robots
o Toy Robots
o Education & Research Robots
o Other Robots (Robotic Companion Pets and Multimedia Robots)

Based on Geography
North America
Latin America
Europe
Asia-Pacific
Middle East & Africa

On the basis of product type, domestic or household robots occupied 67% market share to total sales of personal service robots in 2016. Sales volume of domestic robots is projected to reach over 55 million units by 2024. Nearly 2 million units of entertainment robots were sold in 2016 and the number is projected to reach over 11 million units by 2024.

position of major players in the global personal service robotics market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global personal service robotics market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global personal service robotics market report comprises of the following companies as the key players in the Personal Service Robotics market: iRobot Corporation, Ecovacs, Future Robots, Gecko Systems, Hanool Robotics and Hayward Industries.

According to our global personal service robotics market study on the basis of extensive primary and secondary research: “Assistive robots for handicapped and elderly people are expected to create pool of opportunities for personal service robotics market. In 2016, over 4,720 assistive robots were sold which was increased by 7.3% as compared to 2014.”
According to the report, growing demand for robots which are skilled in accomplishing tedious household task are expected to propel the growth of personal service robotics market. In 2016, sales of vacuum cleaning, lawn-mowing and window cleaning robots were more than 25% as compared to 2015.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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