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Commercial Service Robotics - Benelux

Benelux
  • Revenue in the Commercial Service Robotics market is projected to reach US$1.84bn in 2024.
  • Medical service robotics dominates the market with a projected market volume of US$1.59bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 17.00%, resulting in a market volume of US$4.04bn 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.

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

In-Scope

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

Out-Of-Scope

  • Consumer Service Robotics
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Study Details

    Revenue

    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

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Most recent update: Mar 2024

    Source: Statista Company Insights

    Volume

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Price

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Service Robotics Market in Benelux is experiencing mild growth, driven by factors such as increasing adoption of robotics technology, growing demand for efficient and cost-effective solutions, and rising awareness about the benefits of service robotics. Additionally, the sub-markets within the region, including Agriculture, Logistics, Medical, and Other, play a significant role in shaping the overall market. However, challenges such as high initial investment and limited technical expertise may hinder the growth rate of the market.

    Customer preferences:
    The growing adoption of automation and artificial intelligence in commercial industries is reshaping the service robotics market. Businesses are increasingly investing in robots to streamline operations and improve efficiency. Additionally, the rise in e-commerce and online shopping has led to a greater demand for last-mile delivery robots. This trend is further fueled by the growing concern for sustainability and reducing carbon emissions in the transportation sector.

    Trends in the market:
    In Benelux, the Commercial service robotics Market is experiencing a surge in demand for automated solutions in various industries, such as healthcare, retail, and logistics. This trend is driven by the need for increased efficiency and cost savings. Additionally, there is a growing focus on safety and hygiene, leading to the adoption of robots for tasks that were previously performed by humans. This trend is expected to continue in the coming years, with the market size projected to reach $XX billion by 2025. This presents opportunities for industry players to develop innovative solutions and cater to the changing needs of customers. Furthermore, the rise of Industry 4.0 and the Internet of Things (IoT) is expected to further drive the growth of the Commercial service robotics Market, as companies look for ways to automate and streamline their operations. This shift towards automation is also expected to have a positive impact on the overall economy, creating job opportunities and boosting economic growth. However, it also raises concerns about the potential displacement of human workers and the need for upskilling to adapt to the changing job landscape. As such, it is crucial for stakeholders to closely monitor and adapt to these trends in order to stay competitive in the rapidly evolving Commercial service robotics Market.

    Local special circumstances:
    In Benelux, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is driven by the region's highly developed logistics and transportation sector. The market is also influenced by strict regulations and labor laws, which have led to the adoption of collaborative robots in warehouse and distribution centers. Additionally, the cultural emphasis on sustainability and efficiency has driven the use of service robots in industries such as agriculture and healthcare.

    Underlying macroeconomic factors:
    The Commercial service robotics Market in the Benelux region is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in industrial infrastructure. Countries with supportive regulatory environments and strong investment in service robotics are experiencing rapid market growth, while regions with regulatory challenges and limited industrial funding are facing slower growth. Additionally, the growing demand for automation and efficiency in industries such as manufacturing, logistics, and healthcare is driving the adoption of service robotics in the region.

    Global Comparison

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Methodology

    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.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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    Industrial robots worldwide - statistics & facts

    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.
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