Definition:
The Commercial Service Robotics market presents the market size of service robotics in commercial use cases, e.g., medical robots, logistic robots, and agriculture robots.
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.
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 robots. 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 Agrobot.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Aug 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Aug 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Mar 2024
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Company Insights
Most recent update: Aug 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Aug 2024
Source: Statista Market Insights
The Commercial service robotics market in Africa is facing a mild decline in growth rate due to factors such as slow adoption of digital technologies, limited awareness among consumers, and challenges in integrating robotics in various industries. However, the market is expected to see growth in the Agriculture, Logistics, Medical, and Other sub-markets due to the increasing demand for automation and efficiency in these sectors.
Customer preferences: As Africa continues to experience rapid urbanization and a growing middle class, there has been a corresponding increase in demand for commercial service robotics. This trend is driven by the need for efficient and cost-effective solutions to address labor shortages and rising labor costs. Additionally, the rise of e-commerce and online shopping has created a demand for autonomous delivery robots, while the hospitality industry is seeing a rise in demand for service robots to enhance customer experience.
Trends in the market: In Africa, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is experiencing growth due to the increasing demand for automation in industries such as manufacturing, healthcare, and agriculture. This trend is expected to continue, driven by the region's rapid economic development and government initiatives to promote the adoption of advanced technologies. Additionally, the rise of e-commerce and online retail is creating opportunities for service robots in logistics and delivery. These trends highlight the potential for industry stakeholders to tap into the growing market for service robotics in Africa.
Local special circumstances: In Africa, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is still in its early stages due to limited infrastructure and technological advancements. However, there is a growing demand for automation and efficiency in industries such as agriculture, mining, and manufacturing. Additionally, cultural and regulatory differences across different regions in Africa can impact the adoption and deployment of service robotics solutions. For example, countries with a strong focus on traditional agriculture may be slower to embrace robotics, while countries with more developed industrial sectors may be more open to implementing robotic solutions.
Underlying macroeconomic factors: The growth of the Commercial service robotics market is also influenced by macroeconomic factors such as technological advancements, government support, and investment in industrial infrastructure. Countries with favorable business environments and strong investment in robotics technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for automation and efficiency in industries such as manufacturing, logistics, and healthcare is driving the adoption of service robotics globally.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Aug 2024
Source: Statista Market Insights
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights