Market Share of Hospitality Robots Industry
The hospitality robots market is growing in competition as consumer awareness and acceptance drive the demand for these robots. The increasing demand, in turn, is grabbing new vendors' attention in the market, which is expected to drive competitive rivalry among the vendors. New product innovations, partnerships, and acquisitions are among the key strategies adopted by the vendors to strengthen their market presence further. Some major market vendors include Relay Robotics Inc., LG Electronics Co. Ltd., Bear Robotics Inc., Hyundai Robotics Co., Ltd., etc.
- June 2022 - Relay Robotics, Inc., a supplier of service robots to the hospitality, healthcare, and real estate industries, announced that it would be exhibiting its Relay+ Service Robot, a robot designed for hospitality services, at the 2022 Hospitality Industry Technology Exposition and Conference (HITEC), at the Orange County Convention Center in Orlando, Florida.
- May 2022 - Relay Robotics, a new venture formed by Relay's acquisition of robotics developer Savioke, raised USD 10 million in a series A financing round led by MK Capital. The company would be using the funding to accelerate the development and deployment of its delivery robots.
Hospitality Robots Market Leaders
Relay Robotics Inc.
LG Electronics Co. Ltd
Bear Robotics, Inc.
Hyundai Robotics Co., Ltd.
Connected Robotics Inc.
*Disclaimer: Major Players sorted in no particular order
