Global Personal Robots Market is likely to grow from $3.8 billion in 2015 to $34.1 billion by 2022. The increase in urbanization is introducing machines, such as personal robots, in the households. Moreover, the declining price of personal robots has been encouraging the budget-conscious customers to purchase them. Their average price has declined by around 27% between 2005 and 2014, and it is likely to decline further by around 22% between 2015 and 2025. This is expected to boost their volume sales, especially in the developed countries, where a personal robot is only afforded by the higher economic class.

Explore Report Description at: https://www.psmarketresearch.com/market-analysis/personal-robot-market

Geographically, Europe has been the largest personal robots market, where Germany stood as the largest contributor to the regional market. In North America, the U.S. has been the major market for personal robots, whereas in Asia-Pacific, Japan has been the major contributor to the regional revenue. Brazil was the largest market in the Rest of the World, which includes Latin American and Middle-East & African countries.

Download Free Report Sample at: https://www.psmarketresearch.com/market-analysis/personal-robot-market/report-sample

The overall intensity of rivalry, as per the research, is low in the global personal robots market. However, the high industry growth rate elevates the degree of rivalry in the market. Also, low differentiation causes surge in the intensity of rivalry among the products. Nevertheless, owing to the existence of less number of players in the market, the intensity of rivalry is low. Some of the key players in the global market include Honda Motor Co. Ltd., Sony Corporation, Samsung Electronics Co. Ltd., F&P Robotics AG, ZMP Inc., Segway Inc., Neato Robotics Inc., Ecovacs Robotics Inc., Hasbro Inc., and iRobot Corporation.

About P&S Market Research

P&S Market Research is a global market research and consulting company. We provide market research reports: industry reports, business intelligence and research based consulting services across a range of industries.
With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication.  Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.

Contact:
P&S Market Research
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: [email protected]
Web: https://www.psmarketresearch.com
Connect with us: LinkedIn | Twitter | Google + | Facebook