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 Australia & Oceania is experiencing subdued growth due to various factors such as slow adoption of digital technologies, limited awareness among consumers, and challenges in integrating robotics into existing systems. However, the market has potential for growth in sub-markets such as Agriculture, Logistics, Medical, and Other Service Robotics.
Customer preferences: As businesses in Australia & Oceania continue to face labor shortages, there has been a significant increase in the adoption of commercial service robotics. This trend is driven by the need for automation and efficiency in industries such as agriculture, hospitality, and healthcare. With a diverse and aging population, there is also a growing demand for culturally-sensitive service robots that can cater to specific needs and preferences. Additionally, the rise of eco-tourism has led to a demand for environmentally-friendly service robots, reflecting the region's strong focus on sustainability.
Trends in the market: In Australia and Oceania, the Commercial service robotics market of the Service robotics Market within the Robotics Market is experiencing a surge in demand for automated solutions in industries such as healthcare, retail, and logistics. This trend is driven by the need for increased efficiency, cost savings, and reduced human contact due to the COVID-19 pandemic. Additionally, the adoption of autonomous vehicles and drones for delivery and transportation purposes is on the rise, creating opportunities for industry players. These developments are expected to have a significant impact on the market's growth and shape its future trajectory.
Local special circumstances: In Australia & Oceania, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is influenced by the region's strong focus on sustainability and environmental protection. This has led to the adoption of service robots in industries such as agriculture and mining, where they are used for tasks such as monitoring and maintenance of renewable energy sources. Additionally, the region's aging population has also driven the demand for service robots in healthcare and aged care facilities, creating a unique market landscape.
Underlying macroeconomic factors: The growth of the Commercial service robotics market is also influenced by macroeconomic factors such as technological advancements, government policies, and investment in research and development. Countries with strong support for robotics and automation, as well as favorable business climates, are experiencing faster market growth compared to regions with limited government support and economic challenges. Additionally, the increasing need for efficiency and cost reduction in industries such as manufacturing, logistics, and healthcare is driving the demand for service robotics solutions.
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