
Lucintel Forecasts the Professional Service Robot Market in Australia Market is expected to reach an estimated $69.4 billion by 2031
"According to a market report by Lucintel, the future of the professional service robot market looks promising with opportunities in the construction, agriculture, healthcare, education, industrial & commercial, military & law, and entertainment markets. The professional service robot market is expected to reach an estimated $69.4 billion by 2031 with a CAGR of 21.2% from 2025 to 2031."
According to a market report by Lucintel, the future of the professional service robot market looks promising with opportunities in the construction, agriculture, healthcare, education, industrial & commercial, military & law, and entertainment markets. The professional service robot market is expected to reach an estimated $69.4 billion by 2031 with a CAGR of 21.2% from 2025 to 2031.
According to a market report by Lucintel, the future of the professional service robot market looks promising with opportunities in the construction, agriculture, healthcare, education, industrial & commercial, military & law, and entertainment markets. The professional service robot market is expected to reach an estimated $69.4 billion by 2031 with a CAGR of 21.2% from 2025 to 2031. The major drivers for this market are the growing use of robots in healthcare, rising improvements in robotics technology, and the increasing utilization of these robots across various industries, such as healthcare, defense, agriculture, logistics, and manufacturing.
A more than 150-page report to understand trends, opportunity and forecast in professional service robot market to 2031 by type (medical robots, field robots, defense & security robots, inspection & maintenance robots, entertainment robots, and dome.
Lucintel forecasts that, within the type category, the domestic robot segment is expected to witness the highest growth over the forecast period.
Download sample by clicking on professional service robot market
Within the end use category, the industrial & commercial is expected to witness the highest growth over the forecast period.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact: Roy Almaguer Lucintel Dallas, Texas, USA Email: roy.almaguer@lucintel.com Tel. +1-972-636-5056
Explore Our Latest Publications
Professional Service Robot Market in Brazil
Professional Service Robot Market in Canada
Professional Service Robot Market in Germany
Professional Service Robot Market In India
Professional Service Robot Market in South Africa
Media Contact
Company Name: Lucintel
Contact Person: Roy Almaguer
Email: Send Email
Phone: 972.636.5056
Address: 8951 Cypress Waters Blvd., Suite 160
City: Dallas
State: TEXAS
Country: United States
Website: https://www.lucintel.com/
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CTV News
an hour ago
- CTV News
Playoff MVP Sam Bennett agrees on 8-year, $64 million contract to stay with Florida Panthers
Sam Bennett walked to the front of the stage at the Florida Panthers' latest Stanley Cup championship parade, and before he could even speak the crowd began serenading him with their request. 'Eight more years! Eight more years!' they chanted, over and over. They got their wish. Bennett — who led the NHL with 15 goals in this year's playoffs and became the first Panthers player ever to score that many in a single postseason — is staying with the back-to-back Stanley Cup champions. He and Florida agreed Friday to a new eight-year contract worth $64 million, or $8 million per season. 'Sam is a special player who has mastered a unique blend of skill and physicality in his game, becoming one of the most impactful postseason performers of his generation,' Panthers general manager and hockey operations president Bill Zito said. 'He played an integral role in our two Stanley Cup championships, earning the franchise's first Conn Smythe trophy and is a dedicated contributor to our South Florida community off the ice. We are thrilled that he will continue his career with the Panthers.' Bennett was the Conn Smythe Trophy winner as MVP of the playoffs, the first Florida player to ever win that award. The last time a Conn Smythe winner didn't open the following season with the same team he had that playoff run with was 1997, when goaltender Mike Vernon helped Detroit win that year's Cup — and then the Red Wings traded him to San Jose that summer. It is the first of three big decisions that the Panthers have been waiting on heading into free agency, the others being what forward Brad Marchand — a trade deadline pickup who became an enormous part of the run to this Cup — and defenseman Aaron Ekblad will do going forward. Giving the people want they want 🤝 — Florida Panthers (@FlaPanthers) June 27, 2025 The Bennett signing is another huge move by Zito, who now has eight players — all of them key parts of the team — under contract with the Panthers through at least the 2029-30 season. Bennett joins Aleksander Barkov, Matthew Tkachuk, Sam Reinhart, Carter Verhaeghe, Anton Lundell, Seth Jones and Gustav Forsling on that list. The raise is a massive one for Bennett, who just finished the final year of a four-year contract that paid him just under $18 million. He had a postseason like almost none other; the only other player to have at least 15 goals and 48 penalty minutes in the same playoff run was Pittsburgh's Kevin Stevens in 1991. He had given indications throughout this offseason process — including at a nightclub during the Panthers' days-long initial Cup celebration — that he intended to remain in Florida, but nothing got officially done until Friday. Bennett is coming off perhaps his finest season, with 25 goals and 26 assists in the regular season for a career-best 51 points. --Tim Reynolds, The Associated Press


Globe and Mail
an hour ago
- Globe and Mail
Looking Ahead to the Q2 Earnings Season
The expectation is for Q2 earnings to increase by +5% from the same period last year on +4% higher revenues. This will be a material deceleration from the growth trend of recent quarters and will be the lowest earnings growth pace since the +4.3% growth rate in 2023 Q3. We have been regularly flagging in recent weeks that 2025 Q2 earnings estimates have been steadily decreasing, as shown in the chart below. As we have been consistently flagging, earnings estimates took a renewed hit at the start of Q2, following the early April tariff announcement. This was particularly notable for Q2, but estimates for the subsequent periods were also trimmed. While the revisions trend has notably stabilized in recent weeks, the magnitude of cuts to 2025 Q2 estimates since the start of the period is larger and more widespread compared to what we have become accustomed to seeing in the post-COVID period. Since the start of April, Q2 earnings estimates have declined for 13 of the 16 Zacks sectors (Aerospace and Utilities are the only sectors whose estimates have increased), with the biggest cuts to Conglomerates, Autos, Transportation, Energy, Basic Materials, and Construction sectors. Estimates for the Tech and Finance sectors, the largest earnings contributors to the S&P 500 index, accounting for more than 50% of all index earnings, have also been cut since the quarter got underway. But as we have been pointing out in recent weeks, the revisions trend for the Tech sector has notably stabilized in recent weeks, which you can see in the chart below. We see this same trend at play in annual estimates as well. The chart below shows the Tech sector's evolving earnings expectations for full-year 2025 A likely explanation for this stabilization in the revisions trend is the easing in the tariff uncertainty after the more punitive version of the tariff regime was delayed. Analysts began revising their estimates downward in the immediate aftermath of the early April tariff announcements but appear to have since concluded that those punitive tariff levels are unlikely to be levied, helping to stabilize the revisions trend. The chart below shows current Q2 earnings and revenue growth expectations in the context of the preceding four quarters and the coming three quarters. The chart below shows the overall earnings picture on a calendar-year basis. In terms of S&P 500 index 'EPS', these growth rates approximate to $254.14 for 2025 and $287.31 for 2026. The chart below shows how these calendar year 2025 earnings growth expectations have evolved since the start of Q2. As you can see below, estimates fell sharply at the beginning of the quarter, which coincided with the tariff announcements, but have notably stabilized over the last four to six weeks. Q2 Earnings Season Scorecard As noted earlier, we have already seen fiscal May-quarter results from 18 S&P 500 members, which we count as part of our Q2 tally. Total earnings for these 18 index members that have reported results are up +3.1% from the same period last year on +6.5% revenue gains, with 83.3% of the companies beating EPS estimates and 88.9% of them beating revenue estimates. The comparison charts below put the Q2 earnings and revenue growth rates for these index members in a historical context. The comparison charts below put the Q2 EPS and revenue beats percentages in a historical context. We are not drawing any conclusions from these results, given the small sample size at this stage. But we nevertheless wanted to put these early results in a historical context. We have less than a dozen companies on deck to report results this holiday-shortened week, including Constellation Brands STZ from the S&P 500 index. Constellation produces alcoholic beverages, with a portfolio of beer-heavy products, including Modelo, Corona, and others. Constellation shares have been under pressure this year, with the stock down -27% in the year-to-date period and lagging the broader market's +3.8% gain. Constellation's core product, Modelo, is heavily indexed to Hispanic consumers, with over 50% of the brand's sales coming from this demographic group. While the labor market remains strong, consumption trends of this demographic group have been weighed down by affordability issues. Aluminum tariffs are another headwind for Constellation Brands, given the company's exposure to the industrial metal for beer cans. Among the notable recent earnings releases, market participants were pleased with the Nike NKE announcement but were less enthusiastic about the FedEx FDX report. Both companies have been big-time laggards lately, with Nike shares down -4.8% this year, even after the big post-release jump, and FedEx shares are down -18.5%. While there were undoubtedly a few 'green shoots' in the Nike release, the stock's strong positive reaction is more a function of how low expectations had been coming into the release rather than truly impressive numbers. Nike still faces multiple challenges, including margin pressure, a stagnant product portfolio, operational challenges in China (accounting for approximately 15% of total sales), and significant tariff exposure. We should note, however, that both Nike and FedEx beat top- and bottom-line consensus estimates. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis Report FedEx Corporation (FDX): Free Stock Analysis Report Constellation Brands Inc (STZ): Free Stock Analysis Report


Globe and Mail
2 hours ago
- Globe and Mail
An 84-game season among changes coming to NHL as part of new labour deal
An 84-game season is coming to the NHL as part of an extension of the collective bargaining agreement that has been tentatively agreed to by the league and the Players' Association. They announced a memorandum of understanding Friday in Los Angeles before the first round of the draft. It still needs to be ratified by the Board of Governors and the full NHLPA membership. Two games are being added to to the regular season, the maximum length of contracts players can sign is being shortened and a salary cap will be implemented in the playoffs for the first time, two people told The Associated Press on Thursday. The NHL and NHLPA began negotiations in earnest this spring after agreeing at the 4 Nations Face-Off in February to jointly hold a World Cup of Hockey in 2028. With revenue breaking records annually and the cap increasing exponentially in the coming years, Commissioner Gary Bettman and union executive director Marty Walsh voiced optimism about reaching an agreement quickly. There were no disagreements on a host of major issues like in previous bargaining talks. 'There's been tremendous growth, and what's ahead is spectacular on many fronts,' said Toronto's John Tavares, who's going into his 17th season. 'The predictability of things goes a long way, I think, for everyone in the sport. It's great to have that partnership and how collaborative it's been, which has been very different from 2012. It's great to see and happy that the growth of the game and the sport and the business side of it is all kind of in sync and in synergy and we're able to kind of continue to build off the many great things over the last few years.' Tavares takes hefty pay cut to return to Maple Leafs on four-year deal The extension through 2030 provides the sport extended labor peace since the last lockout in 2012-13, which shortened that season to 48 games. Here is what is changing: Going from 82 to 84 games beginning in 2026-27 – making the season 1,344 total games – is also expected to include a reduction in exhibition play, to four games apiece for the 32 teams. The additions would be played within divisions, evening out the schedule to ensure four showdowns each season between rivals like Toronto and Boston, Dallas and Colorado and Washington and Pittsburgh. Currently, there is a rotation that has some division opponents facing off only three times a season. That imbalance is coming to an end, and this is not the first time the NHL has had an 84-game season. The league experimented with that in 1992-93 and '93-94, when each team added a pair of neutral site games. Since 2013, players have been able to re-sign with their own team for up to eight years and sign with another for up to seven years. Under the new CBA, each would be reduced by a year, to seven for re-signing and six for changing teams. Top players, given the injury risks in the sport, have preferred the longest contracts possible. The same goes for general managers, eager to keep talent in the fold as long as possible. Nathan MacKinnon, Sebastian Aho, Leon Draisaitl, Juuse Saros, Travis Konecny, Mathew Barzal and, as recently as March, Mikko Rantanen are all among the top players who have signed lucrative eight-year deals. Leafs prepare for life without Marner as draft, free agency approach 'I guess that could be a rarity now,' said Trent Frederic, who on Friday signed an eight-year contract to remain with the Oilers. 'Eight years is better than seven. It's good to lock in before that changes.' But with the salary cap getting its biggest increases season by season over the next three years, the thinking had already begun to change. Auston Matthews re-signed for only four years with Toronto last summer, and Connor McDavid could also opt for a short-term contract extension with Edmonton. Currently, teams with players on long-term injured reserve can exceed the salary cap by roughly the amount of the players' salaries until the playoffs begin. Several times over the past decade, Stanley Cup contenders have used LTIR to activate players at the start of or early in the playoffs after they missed some or all of the regular season. Florida did so with Matthew Tkachuk before winning the second of back-to-back titles, Vegas has done it with Mark Stone on multiple occasions, Tampa Bay with Nikita Kucherov and Chicago with Patrick Kane. The rule has been criticized as an unfair loophole, a way to stockpile talent and then add even more for the postseason. After he and Carolina were eliminated by the Lightning in 2021, Dougie Hamilton quipped that the Hurricanes 'lost to a team that's $18 million over the cap.' Tampa Bay went back to back, and players wore T-shirts with that saying on it during their Cup celebration. That will no longer be possible, though it's not exactly clear how it will work. There are some other changes in store, too: The league will standardize draft pick rights until players turn 22, clear the way for full-time emergency traveling goaltenders and will stop teams to instituting a dress code for players, according to a person familiar with the CBA who spoke with The Associated Press on condition of anonymity Friday because details of the agreement were not being released. Teams have been able to hold the rights to juniors players for two or three years, depending on their age, and for college players for four years; now those rights will be held until a player is 22. The change comes at a time when the NHL developmental pipeline is in flux after the NCAA decided that juniors players can be eligible to play U.S. college hockey. As the OHL hopes for another top NHL pick, Canada's junior hockey landscape faces change 'That would make a little more sense for development,' Washington Capitals assistant general manager Ross Mahoney said. 'An example would be you would take a player out of the CHL, maybe he plays as an 18-, 19-year-old and now you want to sign him, but maybe he's not quite ready for the (minors). So is it better to have him in (the American Hockey League) and have him healthy-scratched for a third of the games, or is it better for him to go play at North Dakota for two years and then sign?' Emergency backup goalies, the beloved 'EBUGs,' will soon be a thing of the past, years after the likes of David Ayres and Scott Foster went into games and won after a team's two roster netminders were injured. Each team will be able to keep an extra goaltender around to practice with and enter a game, rather than having a beer league replacement on standby. The fashion walk — most are familiar with videos and photos of well-dressed players walking into arenas before games — will also change as one of hockey's older traditions goes by the wayside. Some teams have done away with requiring suits for players, instead going to warmup jackets and sweatpants, but now players can choose their own looks.