LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global robotic bartender market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
According to Technavio analysts, the global robotic bartender market will grow at a CAGR of over 23% during the forecast period. The adoption of robotics for the enhancement of services in the hospitality industry is a major factor driving the market’s growth.
Enhancing hospitality is always the top priority for luxury hotels and restaurants and cruise ships. These commercial places have adapted to a different mode of automation to entertain their customers and create experiences that are different and unique. Robots are one such technology, which is being adopted by these places to greet customers, assist in luggage movement, and take orders from customers and deliver them. With the increasing deployment of robots, customers are finding such robotic solutions attractive and comfortable, and thus embracing their company.
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In this report, Technavio highlights crowdfunding as a platform to raise funds as one of the key emerging trends driving the global robotic bartender market:
Crowdfunding as a platform to raise funds
Crowdfunding platforms significantly contribute towards the growth of innovative and creative startups. Such platforms offer crucial funding where potential investors provide startups with financial assistance. Startup companies are backed by investors to help them achieve their targets. Manufacturing companies for robotic bartender are resorting to crowdfunding platforms for funding and enhancing the capabilities of their systems.
“Crowdfunding platforms are anticipated to support the growth of the global robotic bartender market during the forecast period and embrace the emergence of new, innovative, and technologically advanced bartending robots by supporting innovative ideas,” says a senior analyst at Technavio for research on robotics.
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Global robotic bartender market segmentation
This market research report segments the global robotic bartender market into the following end-users, including commercial and residential and key regions, including the Americas, APAC, and EMEA.
The Americas was the leading region for the global robotic bartender market in 2017, accounting for a market share of nearly 46%. By 2022, the Americas is expected to continue dominating the market and register the highest growth rate of nearly 1%.
The Americas is expected to witness the highest adoption of robotic bartenders during the forecast period. The focus on enhancing hospitality services at luxury commercial places such as cruise ships, hotels, and night bars will drive end-users to install these robotic bartenders in the Americas and APAC. In EMEA, the Eurozone crisis had a negative impact on the market. However, the current economic recovery depicts that consumers will increase their spending on extravagant and high-end goods and services, thus driving the growth of the market.
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