Market Research Logo

Global Robotic Pet Toys Market 2017-2021

Global Robotic Pet Toys Market 2017-2021

About Robotic Pet Toys

Robotic pet toys are pre-assembled and pre-programmed robots that have personal applications. The robot-human interface in robotic pet toys is designed in a way that even consumers with less knowledge on robotics can operate them effectively and conveniently. People with pets have been observed to enjoy longer and happier lives than those who do not own one. This is because having pets reduces the risk of heart diseases and chances of feeling lonely.

Technavio’s analysts forecast the global robotic pet toys market to grow at a CAGR of 64.79% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global robotic pet toys market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Robotic Pet Toys Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Hasbro
  • Spin Master
  • WowWee Group
Other prominent vendors
  • Consequential Robotics
  • ihoven
  • MGA Entertainment
  • Tekno Robotics
  • WEofferwhatYOUwant
Market driver
  • Rising global aging population, especially in developed countries
  • For a full, detailed list, view our report
Market challenge
  • Greater initial investments and servicing costs required in designing process
  • For a full, detailed list, view our report
Market trend
  • Emergence of robotic pet toys incorporated with AI technology
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Robotic Pet Toys Market 2017-2021

Technavio recognizes the following companies as the key players in the global robotic pet toys market: Hasbro, Spin Master, and WowWee Group.

Other Prominent Vendors in the market are: Consequential Robotics, ihoven, MGA Entertainment, Tekno Robotics, and WEofferwhatYOUwant.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of robotic pet toys incorporated with AI technology. Increasing investments in R&D facilities of robotics have led to the development of robotic pet toys, with AI. Voice recognition and proprietary algorithms, which can detect human emotions from their expression, are also incorporated in such robots. Subsequently, such robots can understand phrases, sentences, and simple commands.”

According to the report, one driver in the market is rising global aging population, especially in developed countries. The rising global aging population, especially in the developed countries, is one of the key factors driving the market. This is because elderly people need caretaking and companionship, two responsibilities, which entertainment robots, like robotic pet toys, seamlessly perform. According to The World Bank Group in 2016, the population aged 65 years and above recorded 8.48% of the global population. Japan with 27% of its total population and Italy with 23% of its total population are two countries, where elderly people form a large fraction of their respective populations.

Further, the report states that one challenge in the market is greater initial investments and servicing costs required in designing process. The need for high initial investments in designing and developing entertainment robots, including robotic pet toys, hampers the growth of the global robotic pet toys market. Though the market is a relatively small value market, it is growing steadily and involves a large number of small and individual end-users. Robotics requires a lot of development and testing time before being commercialized and a long return on investment (ROI) period. Although some robotic start-ups are emerging, they lack the financial capability to bring in ground-breaking innovations within a short span of time.

Companies Mentioned

Hasbro, Spin Master, WowWee Group, Consequential Robotics, ihoven, MGA Entertainment, Tekno Robotics, and WEofferwhatYOUwant.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
    • Industry outlook: Global entertainment robots market
      • Table Global entertainment robots market 2016-2021 (million units)
  • Market landscape
    • Market overview
      • Table Global robotic pet toys market scenario 2016-2021
    • Market size and forecast
      • Table Global robotic pet toys market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Global robotic pet toys market: Five forces analysis
    • PESTLE Analysis
      • Table Global robotic pet toys market: PESTLE analysis
  • Market segmentation by product
    • Global robotic pet toys market: Segmentation by product
      • Table Global robotic pet toys market: Product segmentation 2016-2021 (% share of revenue)
    • Comparison by product
      • Table Global robotic pet toys market: Comparison by product
    • Robotic pet dogs - market size & forecast
      • Table Global robotic pet dogs market: Market size & forecast 2016-2021 ($ millions)
      • Table Global robotic pet dogs market: Year-over-year growth 2017-2021
    • Robotic pet cats - market size & forecast
      • Table Global robotic pet cats market: Market size & forecast 2016-2021 ($ millions)
      • Table Global robotic pet cats market: Year-over-year growth 2017-2021
    • Other robotic pet toys - market size & forecast
      • Table Global other robotic pet toys market: Market size & forecast 2016-2021 ($ millions)
      • Table Global other robotic pet toys market: Year-over-year growth 2017-2021
    • Market opportunity by product
      • Table Global robotic pet toys market: Market opportunity by product
  • Market segmentation by distribution channel
    • Global robotic pet toys market: Segmentation by distribution channel
      • Table Global robotic pet toys market: Segmentation by distribution channel 2016-2021 (% share of revenue)
      • Table Global robotic pet toys market: Distribution channel segmentation in 2016 and 2021 ($ millions)
    • Market opportunity by distribution channel
      • Table Global robotic pet toys market: Market opportunity by distribution channel
  • Regional landscape
    • Global robotic pet toys market: Geographical segmentation
      • Table Global robotic pet toys market: Segmentation by region 2016-2021 (% share of revenue)
    • Regional comparison
      • Table Global robotic pet toys market: Segmentation by region
    • Americas - market size & forecast
      • Table Robotic pet toys market in Americas: Market size & forecast 2016-2021 ($ millions)
      • Table Robotic pet toys market in Americas: Year-over-year growth 2017-2021
      • Table Robotic pet toys market in Americas: Top 3 countries (% share of revenue)
    • EMEA - market size & forecast
      • Table Robotic pet toys market in EMEA: Market size & forecast 2016-2021 ($ millions)
      • Table Robotic pet toys market in EMEA: Year-over-year growth 2017-2021
      • Table Robotic pet toys market in EMEA: Top 3 countries (% share of revenue)
    • APAC - market size & forecast
      • Table Robotic pet toys market in APAC: Market size & forecast 2016-2021 ($ millions)
      • Table Robotic pet toys market in APAC: Year-over-year growth 2017-2021
      • Table Robotic pet toys market in APAC: Top 3 countries (% share of revenue)
    • Key leading countries
      • Table Global robotic pet toys market: Key leading countries (% share of revenue)
    • Market opportunity by region
      • Table Global robotic pet toys market: Market opportunity by region
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Other prominent drivers
    • Market challenges
  • Market trends
    • Emergence of robotic pet toys incorporated with AI technology
    • Increasing focus on robotics research through research institutes and governmental support
    • Advent of solar-powered robotic pet toys
    • Introduction of open software platform in robotics industry
    • Other prominent trends
  • Competitor landscape
    • Competitive scenario
      • Table Global robotic pet toys market: Key competitors
      • Table Global robotic pet toys market: Key competitor analysis based on important parameters
      • Table Global robotic pet toys market: Analysis of key competitors
  • Competitor analysis
    • Hasbro
      • Table Hasbro: Product overview
      • Table Hasbro: Recent highlights
    • Spin Master
      • Table Spin Master: Recent highlights
    • WowWee Group
      • Table WowWee Group: Recent highlights
    • Other prominent vendors
      • Table Global robotic pet toys market: Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report