Market Size of Robots Industry for Commercial Buildings
|2019 - 2029
|Market Size (2024)
|USD 4.02 Billion
|Market Size (2029)
|USD 12.63 Billion
|CAGR (2024 - 2029)
|Fastest Growing Market
*Disclaimer: Major Players sorted in no particular order
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Commercial Buildings Robots Market Analysis
The Robots Market for Commercial Buildings Industry is expected to grow from USD 4.02 billion in 2024 to USD 12.63 billion by 2029, at a CAGR of 25.70% during the forecast period (2024-2029).
- The increasing technological developments and the ongoing labor shortage encourage facility management companies to switch to automated tools for higher cleanliness, service, and technological capabilities.
- Automation and AI technology have transformed many industries, from healthcare to banking to retail, and while commercial buildings were not early adopters, they are definitely another industry beginning to benefit from advanced technology for improving efficiency.
- Commercial robots are widely used for cleaning tasks such as sweeping, mopping, and vacuuming. These robots can be programmed to clean specific areas at specific times, reducing labor costs and improving efficiency.
- Serving robots are also becoming increasingly popular in restaurants, as they provide improved efficiency, contactless service, increased capacity, and are cost-effective. These robots can carry multiple dishes or drinks at once, which helps speed up service and reduce wait times for customers.
- Due to such reasons, various vendors regularly make technological advancements and focus on strategic investments to expand their product offerings and cater to varying customer needs. For instance, in February 2023, Kum & Go announced a partnership with ICE Cobotics to deploy automated floor-cleaning robots. By integrating the autonomous equipment, the brand will help free up associates from repetitive work and allow them to focus on keeping shelves and coolers fully stocked, delivering fresh food offerings, and increasing engagement with in-store customers.