Commercial Service Robotics - Brazil

Revenue in the Commercial Service Robotics market is projected to reach US$275.00m in 2024.
Agriculture service robotics dominates the market with a projected market volume of US$118.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -5.71%, resulting in a market volume of US$205.00m 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 Brazil is witnessing steady growth, driven by increasing adoption of digital technologies, rising demand for advanced healthcare services, and the convenience offered by online solutions. However, the market is experiencing minimal decline due to challenges in the Agriculture, Logistics, Medical, and Other sub-markets, such as limited funding and slow regulatory approvals. These factors are impacting the overall growth rate of the Service robotics market in Brazil.

Customer preferences: As the service robotics market continues to expand in Brazil, there has been a noticeable increase in demand for commercial service robots in sectors such as hospitality and retail. This can be attributed to the country's growing urban population and the desire for efficient and personalized customer service experiences. Additionally, there is a growing focus on sustainability and cost-effectiveness, leading to the adoption of service robots for tasks such as cleaning and maintenance. These trends highlight a shift towards automation and technology in Brazil's service industry.

Trends in the market: In Brazil, the Commercial service robotics Market is experiencing a surge in the use of service robots for various applications, such as logistics, healthcare, and agriculture. This trend is driven by the country's increasing demand for automation and efficiency, as well as the growing adoption of Industry 4.0 technologies. Additionally, there is a rise in the use of autonomous drones for delivery and surveillance purposes. These trends are expected to significantly impact the market, as companies seek to streamline their operations and increase productivity. This presents opportunities for stakeholders in the service robotics market to tap into the growing demand for advanced robotic solutions.

Local special circumstances: In Brazil, the Commercial service robotics market is seeing significant growth due to the country's strong manufacturing and industrial sector. The market is driven by the need for automation and increased efficiency in industries such as automotive, food and beverage, and pharmaceuticals. Additionally, Brazil has a large consumer market, creating demand for service robots in retail and hospitality industries. The country's complex tax and regulatory system also plays a role in shaping the market, with companies having to navigate through unique challenges to enter and operate in the market.

Underlying macroeconomic factors: The growth of the Commercial service robotics market in Brazil is influenced by macroeconomic factors such as technological advancements, government policies, and investment in industrial infrastructure. Brazil's strong economic performance and supportive regulatory environment have attracted significant investments in the robotics sector, driving market growth. Additionally, the country's large and aging population is creating a growing demand for service robotics solutions to improve efficiency and productivity in various industries, further contributing to market expansion.

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.