With the significant increase in the population and efficient rise in the disposable income, the requirement for the entertainment and leisure robots has grown more efficiently in the present era around the APAC region. However, the entertainment robots and leisure robots are a separate category of robots that efficiently utilized for the production and domestic services, but only for the sole subjective pleasure of the human body. The domestic robots and personal robots are significantly implemented for the domestic applications namely lawn-mowing and several others and entertainment, education applications such as entertainment and leisure. Undoubtedly, the acceptance of such robots on the high scale in the APAC region is much extraordinary for the household and commercial purpose.
According to the report analysis, ‘APAC Entertainment and Leisure Robots Market by Component, Application, End-user and Country 2014-2025: Growth Opportunity and Business Strategy’ states that there are several key players which are presently performing their task more actively for leading the fastest market growth and dominating the high value of market share across the APAC region in the coming years while developing the techniques of doing work, adopting the effective strategies of expansion and advancing the technology of such robots includes Blue Frog Robotics SAS, Hasbro, Inc., Lego System A/S, Mattel, Inc., Modular Robotics Incorporated, RoboBuilder Co., Ltd., Softbank Robotics, Sony Corporation, Sphero, Inc., Toshiba Machine Co., Ltd., WowWee Group Limited and several others. Nevertheless, the significant increase in the awareness and number of nuclear families in the APAC region, the market for the personal and commercial robots is predicted to rise at the foremost CAGR during the forecasted period.
The potential players of this market are functioning more significantly for improving the functions of such robots to deliver the better consumer satisfaction and increasing the value of revenue which further benefitted for registering the fastest market growth and dominating the handsome value of market share. Not only has this, the manufactures of these robots are integrating with the IT companies for developing the existing functions and innovative new one which further increase the requirement from the commercial and household sector.
Asia Pacific region entertainment and leisure robots market is anticipated to increase at an effective CAGR of 18.92% over 2018-2025 propelled by a growing implementation of all types of entertainment and leisure robots in both household and commercial applications across the countries of this region.
Nonetheless, the Asia Pacific entertainment and leisure robots market is sectored into different sectors which majorly involves applications, end user, region and component. Whereas, based on the end user, the market is sectored into household segment and commercial segment. For instance, based on the household sector, the market is further divided into Children, Elderly People, and Guests/Clients and the commercial sector involves Live Performances, Amusement Parks, Museums, and Other Entertainment Venues.
Additionally, the potential players of this market are predicted to expand their business by the acceptance of profitable strategies and knowing the growth opportunities. Therefore, in the coming years, it is anticipated that the market of entertainment and leisure robots will increase more significantly across the Asia Pacific region over the coming years.
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Ankur Gupta, Head Marketing & Communications