What is Driving Growth in the Service Robotics Market?

In recent years, the Global Service Robotics Market Size has experienced substantial growth due to rising global demand and rapid technological advancements. This comprehensive report explores the current market trends, future growth opportunities, and detailed segmentation across key categories such as [key segment categories].

"The global service robotics market size was valued at USD 22.40 billion in 2024. The market is projected to grow from USD 26.35 billion in 2025 to USD 90.09 billion by 2032, exhibiting a CAGR of 19.2% during the forecast period. The Asia Pacific dominated global market with a share of 36.6% in 2024."

What is the Market Forecast for the Service Robotics Industry?

The Service Robotics market is projected to grow significantly over the forecast period, supported by increasing automation, evolving consumer preferences, and strong investments in innovation. The report provides a full forecast including market size, CAGR, and year-over-year growth analysis.

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Who are the Leading Companies in the Service Robotics Market?

The Service Robotics market is led by top players such as Ricoh (Japan), Honda Motor Co., Ltd. (Japan), iRobot Corporation (U.S.), KUKA AG (Germany), Intuitive Surgical (U.S.), Daifuku Co., Ltd. (Japan), SoftBank Robotics Group Corp. (Japan), Aethon (U.S.), Boston Dynamics (U.S.), Fetch Robotics, Inc. (U.S.) and other prominent industry participants. These companies are investing in product innovation, global expansion, and mergers and acquisitions to strengthen their market position.

What are the Key Features of the Service Robotics Market Report?

• Market performance and growth trends
• Market outlook through 2032
• Impact of COVID-19 on the industry
• Porter's Five Forces and SWOT analysis
• Competitive landscape and major developments
• Value chain and supply chain analysis
• Regional market performance and future potential

What Insights Does the Report Provide on Regional Markets?

The report provides a detailed regional breakdown covering:

• North America including the United States, Canada, and Mexico
• Europe including Germany, the United Kingdom, France, Italy, Spain, and rest of Europe
• Asia Pacific including China, India, Japan, South Korea, Australia, and rest of Asia Pacific
• South America including Brazil, Argentina, and rest of South America
• Middle East and Africa including Saudi Arabia, the United Arab Emirates, South Africa, and the rest of MEA

This regional insight helps businesses understand market dynamics across key geographies and develop targeted growth strategies.

What are the Latest Developments in the Service Robotics Market?

Recent developments include strategic partnerships, technological advancements, new product launches, and expansion into emerging markets. These updates are helping reshape the competitive landscape and create new opportunities for growth.

• Smart Robotics Inc. which is a designer and provider of logistics and warehouse robotics solution developed and launched a smart merchandise picker robot. This collaborative robot (Cobot) can handle lightweight merchandize such as office stationery and office supplies. 
• Ricoh acquired Axon Ivy AG as a part of its strategic investment with an objective to expand its digital process automation capabilities.
• KUKA AG and MHP collaborated to work on Smart Intelligence Robotic Project Cockpit (SIRPCO).
• Robot Corporation acquired Aeris Cleantec AG, an air purification company with an objective to diversify the product portfolio with air purification systems.
• HYUNDAI MOTOR GROUP acquired 80% stake in Boston Dynamics to strengthen its position in the field of robotics.

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