Commercial Service Robotics - Burundi

Revenue in the Commercial Service Robotics market is projected to reach US$83.81k in 2024.
Medical service robotics dominates the market with a projected market volume of US$69.47k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.92%, resulting in a market volume of US$87.76k 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 Burundi is experiencing subdued growth, influenced by factors such as slow adoption of digital technologies, low health awareness among consumers, and limited convenience of online services. Despite this, the overall Robotics Market in Burundi is expected to see growth due to the potential in sub-markets such as Agriculture, Logistics, Medical, and Other Service Robotics.

Customer preferences: As the demand for automation and efficiency increases in the Burundian market, there has been a noticeable shift towards service robotics in the commercial sector. This can be attributed to the growing preference for contactless services and the need for cost-effective solutions, especially in the wake of the COVID-19 pandemic. Additionally, the rise of e-commerce and the need for quick and efficient delivery services have also contributed to the increasing adoption of service robotics in the commercial sector.

Trends in the market: In Burundi, the Commercial service robotics Market is experiencing a surge in demand for automated cleaning and maintenance solutions in industries such as healthcare and hospitality. Similarly, the global Commercial service robotics Market is witnessing a rise in demand for delivery and logistics robots, as e-commerce continues to grow. These trends showcase the increasing adoption of technology in these sectors, offering potential cost savings and efficiency improvements for businesses. However, this may also lead to job displacement and require upskilling for workers in affected industries.

Local special circumstances: In Burundi, the Commercial service robotics Market is influenced by the country's small economy and limited access to advanced technology. This has resulted in a slow adoption of service robots, with a focus on cost-effective and practical solutions. Additionally, cultural beliefs and traditional labor practices play a role in the market dynamics, as some industries prefer human labor over automation. Government regulations also impact the market, with restrictions on foreign investment and import of certain technologies hindering the growth of the service robotics sector.

Underlying macroeconomic factors: The Commercial service robotics Market within the Robotics Market is also affected by macroeconomic factors, such as global economic trends, national economic health, fiscal policies, and financial indicators. Countries with strong economic growth and favorable policies for technological advancements are experiencing faster market growth compared to regions with economic challenges and limited funding. Moreover, the increasing demand for automation and efficiency in industries such as manufacturing and healthcare is driving the adoption of service robotics, leading to market growth. Additionally, the rising need for cost-effective solutions and improved productivity is further fueling the demand for service robotics in the commercial sector.

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.