Hospitality Robots Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023- 2028)
The Hospitality Robots Market is expected to grow by registering a CAGR of about 25.2% during the forecast period. The uses of robotics have expanded significantly within the hospitality industry, ranging from artificially intelligent chatbots designed to assist with the customer service process to robot assistants deployed to improve guests' experience in a hotel. The increasing proliferation of digital and automation technologies among hospitality service providers to enhance customer satisfaction and operational efficiency are among the key factors driving the market's growth.
Key HighlightsThe 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.
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