Sports Robotic Kit Market

Sports Robotic Kit Market Outlook (2023-2033)

The global sports robotic kit market will reach a valuation of US$ 397.9 million in 2023 and expected to progress at a CAGR of 13.6% to reach US$ 1,424.2 million by the end of 2033.

Middle Weight (21 – 40 lbs) segment is anticipated to capture 46.4% of market share and it will traversed a value of US$ 184.6 million in 2023. By catching 63.1% of market share from sales channel, online sales is estimated to reach the valuation of US$ 251.1 million in 2023.

Report Attributes	Details
Sports Robotic Kit Market Size (2022A)	US$ 343.8 million
Estimated Market Value (2023E)	US$ 397.9 million
Forecasted Market Value (2033F)	US$ 1,424.2 million
Global Market Growth Rate (2023-2033)	13.6% CAGR
North America Market Share (2023)	23.4%
North America Market Value (2023)	US$ 93 million
Europe Market Share (2023)	26.7%
Europe Market Value (2023)	US$ 106.2 million
China Market Share (2023)	16.7%
China Market Value (2023)	US$ 66.4 million
Market Share of Top 3 Countries	44.5%
Key Companies Profiled	Andymark Battlekits Fingertech Robotics Ozo Edu, Inc Sphero

Sales Analysis of Sports Robotic Kit (2018-2022) Vs Market Outlook (2023-2033)

Many businesses, including the sports industry, are seeing an increase in interest in robotics. This is motivating team coaches, sports clubs, and sports organizations to place an emphasis on the use of robotics to improve player performance and the training process.

For instance, mobile virtual players (MVPs) are becoming more and more popular as a means of improving player’s performance by simulating an opponent's or a training partner's size, weight, shape, speed, and human motion. Consequently, the market for smart sports equipment is anticipated to display a favorable outlook over the projected.

Other factors that will fuel market expansion during the forecast period include the increased popularity of wearable technology and fitness trackers, as well as the rising number of partnerships and collaborations in the sports industry.

• Short Term (2023 to 2026): The market for sports robotic kits is expected to expand as technology advances in future.

• Medium Term (2026-2029): United States and China being under spotlight as the countries are leading players in production of sports robotic kit. Both developed and developing nations are supporting increasing technological advancements.
• Long Term (2029-2033): In developing nation, the demand for sports robotic kit is expected to grow due to the need to meet the increasing production capacity and optimum efficiency.

The global market for sports robotic kit experienced a CAGR of 8.9% from 2018 to 2022. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 13.6% CAGR between 2023 and 2033.

Market share analysis of sports robotic kit market based on weight and region is provided in the above image. By end user segment, individual sub-segment dominates with 28.3% market share in 2023.

Why is there such a strong demand for Sports Robotic Kits all over the world?

“Surging demand for sports robotic kits in education and institutional sectors”

Programming sports robotic kits is becoming easier, particularly for novice users. It is mostly used for research and teaching. Universities are making use of the potential of robotic kits in a number of different industries by finding new uses for them, improving the ones that already exist, making robots more efficient, and studying how robots affect health and safety at work.

Over the forecast period, the market for sports robotic kit is anticipated to grow as the smart technology is becoming more and more popular. Through 2033, rising disposable income is also anticipated to favorably affect the market potential for sports robotic kit.

“Rising Adoption of STEM (Science, Technology, Engineering & Math) Robots”

The popularity of STEM toys for children's skill development is a major driver of the sports robotic kit market's expansion. Smart robot toys enhance professional skills like computing and engineering through intelligent engagement and behavioral learning. As long as parents continue to favor the products that can foster their children intellectual growth, the appeal of sports robotic kit will grow. For instance, the SmartGurlz is a self-balancing robot that engage and encourages to learn to code.

As a result, there will be a sizable demand for sports robotic kits in the anticipated year due to the rising inclination towards smart sport robots. The demand for sports robotic kit will increase as they majorly used for learning purpose.

“Remote Learning gaining Popularity through Educational Institutes”

Smart robot toys are recommended by teaching experts which are used for educational purposes, especially for children who are still developing. The increasing use of sports robotic kit in the educational sector, together with the expanding popularity of remote learning, is an important trend that is projected to promote the expansion of the market for sports robotic kit.

Manufacturers of sports robotic kit should concentrate on this trend to increase their likelihood for generating sales. Moreover, the sports robotic kits will be less likely to prefer by the middle class income group due to the pricing factor. The high price involved in the toys limits the market growth. The manufacturers should focus on the price perspective also. In order to increase the sale, product marketing should create opportunities with increase in the supply of the product.

What could be the Restraining Factor for Sports Robotic Kit Market?

“High Cost & Difficulties Faced by Training Centers to Conduct Hand-On Training”

The majority of the robots used for education and training have a payload of less than 20 lbs. They are a costly investment for educational institutions due to the integrated costs of middle and heavy weight, such as effectors and vision systems. Human resources are required for the installation, commissioning, and training of sports robotic kits. Online robot simulation software is being utilized for a lot of the training programs.

Country-wise Insights

How Sports Robotic Kit Market is soaring in United States?

North America is projected to hold the largest market share due to the growing demand for sports robotic kit in the region. The United States is expected to dominate the country-level market in the North American region due to the advantages of sports robotic kit in STEM education and the increasing need for programming and embedding technologies like artificial intelligence.

Furthermore, in order to be at the forefront of innovation and provide a better customer experience, these businesses are spending a lot of money on research and development for creative entertainment through remote learning.

The demand for sports robotic kits is also being fueled by the expanding use of smart home technology. In United States, smart IoT device ownership is on the rise, with 30% of customers owning one, according to a survey by Acquity Group. North America has a well-established and organized retail sector. The United States holds a sizeable share of the market in this region due to its large population base, high level of disposable income, and a changing lifestyle that encourages people to frequently purchase new items for their children.

Thus, the market for sports robotic kit in United States is anticipated to reach US$ 83.8 million by 2023 and to grow at a CAGR of 11.6% during the anticipated period.

Why Is It Expected That the Chinese Sports Robotic Kit Market Will Be Highly Lucrative?

East Asian market is anticipated to grow at the fastest rate during the projection period. China is anticipated to experience the fastest rate of growth in the global market for sports robotic kit throughout the course of the forecast period because of reasons such as the rapid digital transformation, increasing internet penetration, expanding acceptance of 4G LTE and 5G services, and others.

The implementation of 5G technologies, as well as growing awareness of and interest in STEM-focused learning and entertainment systems, are predicted to spur demand for sports robotic kit in the near future. The rise of the upper middle class and the rising demand for educational learning robot toys are expanding the market growth for sports robotic kit in China. With the increasing upper middle class population along with their income will further accelerate the growth of sports robotic kit market.

Category-wise Insights

Which end use segment is expected to surge the market?

Sports robotic kits can be used as individualized instructors in elementary schools to interact with students to improve their social and emotional skills and to keep detailed records of their interactions to monitor the user's skill development. By posing as assistant that engages users in educational activities, these robotic kits aim to encourage interaction between users and robots. Some robots are also used to teach competitors about robotics and use their coding skills to customize them.

As a result, institutes will be highly fragmented by end use segment during the assessment years, contributing 41.2% of the market by 2023, with an anticipated market value of US$ 164.1 million by the end of 2033.

Which sales channel is estimated to support market growth in the sports robotics kit market during the forecast period?

As a way to save money and time and boost overall productivity, many businesses are turning to online sales channels. By making business operations more efficient, automation generates more quality marketing leads for the company. When consumers shop online, one of the primary advantages is the speed with which they receive their orders, which results in increased productivity and increased customer satisfaction.

As a result, the online sales channel is anticipated to have a market value of US$ 252.1 million by the end of 2023 and will contribute a market share of 63.1% with the same time period.

Competitive Landscape

Manufacturers must distinguish their products using cutting-edge technology and distinctive items in order to prosper in such a competitive climate. In order to maintain market positions in this competitive environment, product prices may need to be reduced, which could negatively impact manufacturer’s profit margins.

Fact.MR has provided detailed information about the price points of key manufacturers of sports robot kit positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Sports Robotic Kit Market Research:

• By Weight:

  • Light Weight (Up to 20 Lbs)
  • Middle Weight (21 - 40 Lbs)
  • Heavy Weight (Above 40 Lbs)

• By Sales Channel:

  • Online Sales
    • Company / Brand Website
    • E-commerce Website
  • Offline Sales
    • Modern Trade Channel
    • Electronic Stores
    • Specialty Stores
    • Others

• By End User:

  • Individual
  • Institutes
  • Professional

• By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa