Guidehouse Insights Report Finds Market Revenue for Commercial Building Robots Is Expected to Experience a 29% Compound Annual Growth Rate From 2021-2030
- Market barriers include legal hurdles, limited human activity replication, high product prices, and lack of customer awareness, among others
A new report from Guidehouse Insights explores the market for robots in commercial buildings, including market drivers, barriers, and trends for each application, and examines global market forecasts for revenue, by segment and region, through 2030.
Though the market for robots in commercial buildings is still nascent, robots have demonstrated their value by automating operational processes in several key commercial building verticals, namely in retail, restaurants, healthcare facilities, and airports. Key market drivers include the need to sterilize spaces to reduce virus infection risks, shorten goods delivery times, reduce labor costs, and free employees from menial tasks so they can concentrate on higher value activities. According to a new report from Guidehouse Insights, annual market revenue for commercial building robots is estimated to reach $11 billion by 2030, growing at a compound annual growth rate (CAGR) of 29%.
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“Although COVID-19 has had an overall positive impact on market growth because of social distancing and preferences for clean and sterilized spaces, the pandemic has not driven sales for all robot solutions,” says Young Hoon Kim, research analyst with Guidehouse Insights. “Disinfection, floor cleaning, and serving robots have gained market traction, but the parking and hotel delivery robot business has suffered due to significantly reduced transit and travel.”
In addition, a variety of barriers such as legal hurdles, limited human activity replication, high product prices, lack of customer awareness, and public safety concerns need to be addressed. Nevertheless, the rise of robot deployments for numerous use cases—from floor cleaning and disinfection robots to retail shelf management robots, serving robots, and building service robots—can be attributed to many technology improvements in areas such as distance measurement sensing, machine learning, and cloud computing.
The report, Robots for Commercial Buildings, addresses market drivers, barriers, and trends for each application, including case studies and emerging business opportunities. Global market forecasts for revenue, by segment and region, extend through 2030. The report breaks down commercial building robot solutions by type: floor cleaning, disinfection, retail shelf management, restaurant serving, and other building services (delivery, parking, and security). An executive summary of the report is available for free download on the Guidehouse Insights website.
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