Robotics - New Zealand | Statista Market Forecast

Revenue in the Robotics market is projected to reach US$70.92m in 2024.
Service robotics dominates the market with a projected market volume of US$60.34m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.44%, resulting in a market volume of US$111.30m by 2029.
In global comparison, most revenue will be generated United States (US$9.42bn in 2024).

Definition:

The Robotics market refers to the industry that encompasses the design, development, manufacturing, and deployment of robotic systems and technologies. It involves the creation of machines that perform tasks autonomously or with minimal human intervention. These machines, also known as robots, mimic human actions and/or perform specialized functions in various sectors. These sectors include manufacturing, healthcare, agriculture, logistics, defense, and entertainment.

A robot is defined as a powered machine that is programmable on two or more axes and has some degree of autonomy; it moves within its environment to perform its programmed tasks.

Structure:

The Robotics market shows the market size of robotics in industrial and service use cases. In Industrial Robotics, there are six distinct markets:

The Automotive Industry Robotics market
The Chemical Industry Robotics market
The Electric/Electronic Industry Robotics market
The Food Industry Robotics market
The Metal Industry Robotics market
The Other Industry Robotics market

Service Robotics is further split into:

The Commercial Service Robotics market, which contains the Agriculture, Logistics, Medical and Other Service Robotics markets
The Consumer Service Robotics market, which contains the Domestic and Entertainment Robotics markets

Additional information:

Data includes revenues, volume, and the average price per newly installed robot. It also examines the level of automation, the share of collaborative robots, and investment in robotics, as well as a list of the key players in the market and their consolidated revenues. The market displays both B2B and B2C revenues, and the revenue is based on the country’s demand for robots. It is shown in manufacturer prices. Industrial Robotics does not include software revenues, as industrial robots are mostly used with specific software solutions that belong to the company that deploys them. For Service Robotics, software revenues are considered, as service robots are mostly delivered with software solutions that have been implemented by the manufacturer.

Key players in the market include Kuka, ABB, Boston Dynamics, and Yaskawa Electric Corporation.

For more information on the data displayed, use the info button right next to the box.

Industrial Robotics
Service Robotics

robots not programmable in two or more axes
robots with no degree of autonomy

The Robotics Market in New Zealand is experiencing minimal growth, influenced by factors such as limited industrial and service robotics sub-markets, low adoption of digital technologies, and a lack of awareness among consumers. The market's slow growth rate is impacted by the country's small size and remote location, making it less attractive for international robotics companies to enter. However, the government's efforts to promote innovation and investment in the robotics industry could potentially drive future growth.

Customer preferences: Consumers in New Zealand are increasingly adopting robotics and automation technologies in their everyday lives, leading to a rise in demand for smart home devices and autonomous vehicles. This trend is driven by the country's aging population and the need for more efficient and convenient solutions. Additionally, there is a growing interest in the use of robotics in education and healthcare, as well as in the agriculture and manufacturing sectors. This reflects a shift towards a more technology-driven lifestyle and economy in New Zealand.

Trends in the market: In New Zealand, the Robotics Market is experiencing a surge in the adoption of automation technology, with businesses across various industries implementing robots to increase efficiency and productivity. This trend is expected to continue as the country focuses on developing its digital infrastructure and promoting innovation in the technology sector. It also presents opportunities for local businesses to collaborate with international companies and tap into the global market for robotics. Additionally, this trend has implications for the workforce, as it may lead to job displacement and the need for reskilling and upskilling to adapt to the changing landscape of work.

Local special circumstances: In New Zealand, the Robotics Market is driven by the country's strong focus on innovation and technology. The government has invested in research and development initiatives, creating a conducive environment for the growth of the market. Additionally, the country's small size and isolated location have led to a high demand for automation and robotics solutions in industries such as agriculture and manufacturing. New Zealand's unique geography and culture have also fostered a collaborative and entrepreneurial spirit, facilitating the adoption of advanced robotics technologies.

Underlying macroeconomic factors: The growth of the Robotics Market market in New Zealand is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. The country's strong economy and stable political environment provide a favorable market for robotics companies to thrive. Additionally, the increasing adoption of automation in various industries, such as manufacturing and healthcare, is driving the demand for robotics solutions. The government's initiatives to promote the use of robotics in various sectors are also contributing to the market's growth. Furthermore, the aging population in New Zealand is creating a need for robotics in healthcare and home assistance, further boosting the market's expansion.

Data coverage:

The data encompasses B2B and B2C revenues. Figures are based on the country’s demand for robotics in manufacturer prices.

Modeling approach / Market size:

Market sizes are determined through a regional bottom-up approach, and further detailed by a top-down rationale for each market segment. As a basis for evaluating markets, we use trade data of the respective economic sector. Furthermore, we use relevant key market indicators such as level of automation and digitization or the economy composition to estimate each country's specialization in demand and supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques but primarly exponential smoothing. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Despite the frightening, almost Terminator-esque, way the phrase “there are robots everywhere” might sound, the increased use of robotics has been a boon to both consumers and enterprises worldwide. The industrial robot market has seen steady growth across the globe and is expected to continue growing as automation becomes ever more vital to businesses. This stems largely from mechanical automation, reducing production costs and improving efficiency. This increased demand due to greater automation, especially in the United States and Europe, is likely to mean that the price increase per robot unit will remain modest.