Commercial Service Robotics - Argentina

Revenue in the Commercial Service Robotics market is projected to reach US$56.21m in 2024.
Medical service robotics dominates the market with a projected market volume of US$26.21m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -4.42%, resulting in a market volume of US$44.85m by 2029.
In global comparison, most revenue will be generated United States (US$4.99bn in 2024).

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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Medical Service Robotics
Logistic Services Robotics
Agriculture Service Robotics
Other Service Robotics

Consumer Service Robotics

The Commercial Service Robotics market in Argentina is experiencing significant growth, driven by factors such as increasing adoption of robotics technology, growing demand for automated services, and the convenience offered by service robots. The market's growth rate is expected to continue due to the increasing use of robotics in various industries, including agriculture, logistics, and healthcare.

Customer preferences: In Argentina, there has been a significant rise in the use of commercial service robotics in industries such as healthcare, retail, and manufacturing. This can be attributed to the growing need for automation and efficiency in these sectors. Additionally, there is a noticeable shift towards AI-powered service robots that can provide personalized and interactive experiences for customers. This trend is driven by the country's increasing adoption of digital technologies and the desire for seamless and convenient services.

Trends in the market: In Argentina, the Commercial service robotics Market within the Robotics Market is experiencing a surge in demand for automation solutions in various industries, particularly in manufacturing and healthcare. This trend is driven by the need for increased efficiency, cost reduction, and improved quality control. Additionally, there is a growing focus on the development of robotic solutions for tasks that are considered dangerous or tedious for humans to perform. This trend is expected to continue in the coming years, presenting opportunities for industry stakeholders to innovate and expand their market presence in Argentina.

Local special circumstances: In Argentina, the Commercial Service Robotics Market is driven by the country's strong industrial sector and the growing demand for automation in various industries such as manufacturing, logistics, and healthcare. The government's support for technology and innovation has also played a significant role in the growth of the market. Additionally, the cultural value of efficiency and productivity has made the adoption of service robotics more appealing to businesses. However, the market is also affected by the country's economic fluctuations and political instability, which can hinder investment and slow down market growth.

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 regulatory environments and robust investment in robotics technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Moreover, the rapid adoption of automation in various industries and the need for efficiency and cost reduction are driving the demand for service robots in the global market.

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.