Wednesday 8 April 2015, Amsterdam
The new report recognizes the following companies as the key players in the Global Service Robot Market: GeckoSystem Intl. Corp., Honda Motor Co. Ltd., iRobot Corp. and Toyota Motor Corp.
Other Prominent Vendors in the market are: AB Electrolux, Bluefin Robotics, Deep Ocean Engineering, ECA Hytec, Fujitsu, International Submarine Engineering, MacArtney, Sony and Yujin Robot.
Commenting on the report, an analyst from the report's team said: “One of the major trends in the market is the availability of service robots on lease. Several vendors have begun to offer service robots, especially professional robots, on lease because of the high prices of these robots. This allows cost-driven organizations to obtain the latest technology service robots at minimal cost and improve productivity.”
According to the report, one of the major drivers in the market is increased demand for professional robots for medical applications. The acceptance of service robots for surgical applications has improved their usage, particularly in minimally invasive surgeries as they reduce scarring and allow remote access. Service robots are used in various surgeries such as gastrointestinal and gynecological surgery, and urology, gall bladder, and prostate removal surgery.
Further, the report states that one of the main challenges in this market is the lack of effective product differentiation. Several service robot vendors offer similar products at competitive prices, which creates intense competition among vendors and forces them to reduce their product prices to increase their market share.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.