Analysis on Impact of COVID-19: Robotics Market In Personal And Homecare Sector 2020-2024 | Emergence Of Low-price Robotic Solutions to boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–#GlobalRoboticsMarketinPersonalandHomecareSector–Technavio has been monitoring the robotics market in personal and homecare sector and it is poised to grow by USD 1.93 bn during 2020-2024, progressing at a CAGR of over 76% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.


Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Blue Frog Robotics SAS, F&P Robotics AG, Jibo Inc., LG Electronics Inc., PARO Robots US Inc., Robert Bosch GmbH, Robot Care Systems BV, SoftBank Group Corp., Sony Corp., and UBTECH Robotics Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The emergence of low-price robotic solutions has been instrumental in driving the growth of the market.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Robotics Market in Personal and Homecare Sector 2020-2024: Segmentation

Robotics Market in Personal and Homecare Sector is segmented as below:

  • Product

    • Companion Robots
    • Emotional Therapy Robots
  • Geographic Landscape

    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40867

Robotics Market in Personal and Homecare Sector 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The robotics market in personal and homecare sector report covers the following areas:

  • Robotics Market in Personal and Homecare Sector Size
  • Robotics Market in Personal and Homecare Sector Trends
  • Robotics Market in Personal and Homecare Sector Industry Analysis

This study identifies the growing use of artificial intelligence as one of the prime reasons driving the growth of the robotics market in personal and homecare sector during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Robotics Market in Personal and Homecare Sector 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist the growth of the robotics market in personal and homecare sector growth during the next five years
  • Estimation of the size of the robotics market in personal and homecare sector and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the robotics market in personal and homecare sector
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the robotics market in personal and homecare sector vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Companion robots – Market size and forecast 2019-2024
  • Emotional therapy – Market size and forecast 2019-2024

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • APAC – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Blue Frog Robotics SAS
  • F&P Robotics AG
  • Jibo Inc.
  • LG Electronics, Inc.
  • PARO Robots US Inc.
  • Robert Bosch GmbH
  • Robot Care Systems BV
  • SoftBank Group Corp.
  • Sony Corp.
  • UBTECH Robotics, Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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