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
BOULDER, Colo.–(BUSINESS WIRE)–#buildingautomation–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%.
“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.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 8,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Robots for Commercial Buildings, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.