Service Robotics - Benelux | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$2.00bn in 2024.
Commercial service robotics dominates the market with a projected market volume of US$1.84bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.56%, resulting in a market volume of US$4.31bn by 2029.
In global comparison, most revenue will be generated United States (US$8.68bn in 2024).

Definition:

The Service Robotics market presents the market size of robotics in service use cases, e.g., commercial service robots or consumer service robots. Service robots are intended for personal or professional use and are designed to assist humans in carrying out certain tasks.

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 Commercial Service Robotics and Consumer Service Robotics markets can be found within the Service Robotics market. The Commercial Robotics market is further split into a range of service industries that have the highest adoption of robots. This includes agriculture service robotics, logistics service robotics, medical service robotics, and all other service industries, which are all covered by the Other Industry Robotics market.

Additional information:

The market comprises revenues, volume, and the average price per new installed robot. The market displays both B2B and B2C revenues, and the revenue is based on the country’s demand for robot. It is shown in manufacturer prices. Software revenues are included as service robots are mostly delivered with software solutions that have been implemented by the manufacturer.

Key players in the market include Intuitive Surgical, ABB, and iRobot.

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

Commercial Service Robotics
Consumer Service Robotics

robots used in industrial use cases

The Robotics market in Benelux is witnessing steady growth due to the rising adoption of digital technologies and increasing awareness of the benefits of service robotics. However, the growth rate is subdued due to factors such as high costs and limited use cases in both commercial and consumer segments. Nevertheless, the convenience and efficiency offered by service robotics are expected to drive market growth in the coming years.

Customer preferences: With the rise of e-commerce and online shopping, consumers in the Benelux region are increasingly looking for efficient and convenient ways to receive their orders. This has led to a growing demand for service robots in the logistics and delivery sector, as they offer a more cost-effective and time-saving alternative to traditional delivery methods. Additionally, the adoption of service robots in healthcare settings has also increased, as they provide a safer and more hygienic option for tasks such as medication delivery and patient care.

Trends in the market: In Benelux, the Service robotics Market within the Robotics Market is experiencing a growing trend towards the use of drones for delivery services. This trend is driven by the need for efficient and contactless delivery options, especially during the COVID-19 pandemic. The increasing adoption of autonomous vehicles and drones in logistics is expected to have a significant impact on the transportation and delivery industry. Additionally, the integration of Artificial Intelligence (AI) and Internet of Things (IoT) technologies in service robotics is expected to further boost the market growth in the region.

Local special circumstances: In the Benelux region, the Service robotics market is heavily influenced by the high level of automation and technological advancements in industries such as healthcare and manufacturing. Additionally, the region's strict regulations on labor and safety have led to a high adoption of robotics solutions in these sectors. In the Netherlands, the market is driven by the country's aging population and shortage of healthcare workers, leading to an increased demand for robotic solutions in elderly care and medical procedures. In Belgium, the market is heavily influenced by the government's efforts to promote sustainable and efficient production processes, leading to a growing demand for robotics in manufacturing and logistics.

Underlying macroeconomic factors: The Service robotics Market within the Robotics Market in the Benelux region is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in research and development. Countries with favorable policies and strong investment in service robotics technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for automation and digitalization in various industries, coupled with the need for cost-efficiency and productivity, is driving the demand for service robotics in the Benelux region.

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.