Global Service Robots Market Size Zooming 2.9X to Reach USD 112.5 Billion by 2031

Published | 17 April 2025

Global Service Robots Market is booming primarily due to rising labor costs, aging population, technological advancements, healthcare demand, automation trends, and increasing investments.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Service Robots Market size by value at USD 38.6 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Global Service Robots Market size to boom at a robust CAGR of 16.5% reaching a value of USD 112.5 billion by 2031. The Service Robots Market across the regions is driven by increasing labor shortages, rising demand for automation across industries, and advancements in AI and machine learning. Growing applications in healthcare, logistics, defense, and domestic sectors fuel adoption. Enhanced sensor technologies and falling robot costs boost accessibility. Additionally, the need for contactless solutions post-COVID-19 accelerates demand. Supportive government initiatives and investments in robotics research further propel market growth, making service robots integral to modern operational efficiency and safety across multiple sectors.

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Opportunity – Smart City Integration

The integration of service robots into smart city infrastructures is a significant growth driver for Global Service Robots Market. As urban areas increasingly adopt intelligent technologies for transportation, security, waste management, and public services, the demand for autonomous and semi-autonomous service robots is rising. These robots enhance operational efficiency, reduce human labor, and support real-time data collection and analysis. Their deployment in smart city projects fosters innovation, driving widespread adoption and expanding market potential across urban landscapes.

Industrial Segment Dominates Global Service Robots Market ​

The industrial segment holds the largest share in Global Service Robot Market, driven by automation in manufacturing, logistics, and warehousing. Businesses increasingly deploy service robots for material handling, assembly, and inspection to enhance efficiency and reduce labor costs. The rise of AI-powered robotics and IoT integration further accelerates adoption. Additionally, demand for autonomous mobile robots (AMRs) and collaborative robots (cobots) continues to grow, optimizing operations across industries. The industrial sector's dominance is expected to persist as companies prioritize automation to improve productivity and maintain competitiveness in evolving global markets.

Impact of Escalating Geopolitical Tensions on Global Service Robots Market

Escalating geopolitical tensions are disrupting Global Service Robot Market by destabilizing supply chains and increasing trade barriers. Tariffs on robotics components and AI chips, particularly between major economies like the U.S. and China, have raised production costs. Companies are adopting regional sourcing strategies to mitigate risks. Protectionist policies and trade wars create uncertainty, slowing investment in robotics innovation. Additionally, geopolitical conflicts, such as the Russia-Ukraine war, further complicate global trade dynamics. These challenges force businesses to adapt by prioritizing cost efficiency and resilience while navigating the evolving geopolitical landscape. The market's growth trajectory depends on how effectively companies and governments address these disruptions.

Competitive Landscape

Global Service Robots Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include iRobot Corporation, Intuitive Surgical Inc., Dyson Ltd, Aethon Inc., KUKA AG, ABB Ltd, Yaskawa Electric Corporation, FANUC Corporation, Omron Corporation, SoftBank Robotics, and Blue Ocean Robotics. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Global Service Robots Market.

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The report's in-depth analysis provides information about growth potential, upcoming trends, and Global Service Robots Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Service Robots Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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