Commercial Service Robotics - Canada

Revenue in the Commercial Service Robotics market is projected to reach US$883.30m in 2024.
Medical service robotics dominates the market with a projected market volume of US$370.10m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.99%, resulting in a market volume of US$1.18bn 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 Canada is facing a negligible decline in growth rate due to various factors such as slow adoption of digital technologies, limited awareness among consumers, and challenges in integrating robotics in different industries. However, with the sub-markets of Agriculture, Logistics, Medical, and Other Service Robotics showing potential for growth, the overall market is expected to rebound in the coming years.

Customer preferences: The Commercial service robotics Market within the Robotics Market in Canada is witnessing a rise in demand for autonomous delivery robots for contactless delivery of goods and services. This trend is driven by the increasing preference for contactless transactions and the need for efficient and safe delivery methods during the pandemic. Additionally, the aging population in Canada is also contributing to the growth of service robotics, with a growing demand for assistive robots for elderly care.

Trends in the market: In Canada, the Commercial service robotics market is experiencing a rise in the adoption of autonomous cleaning robots in various industries, such as healthcare and hospitality. This trend is expected to continue as businesses seek to improve efficiency and reduce labor costs. Additionally, there is a growing demand for robots that can perform tasks in hazardous environments, such as oil and gas pipelines. This trend towards automation and safety is significant for industry stakeholders as it presents opportunities for growth and innovation. However, it also raises concerns about job displacement and the need for retraining and upskilling in the workforce.

Local special circumstances: In Canada, the Commercial service robotics market is heavily influenced by the country's advanced healthcare system and high adoption of technology. With a large aging population, there is a growing demand for robotic assistance in healthcare facilities. Additionally, the country's strict regulations on labor and safety have led to the development of innovative and safe service robotics solutions. Furthermore, Canada's strong economy and focus on sustainability have resulted in the emergence of eco-friendly service robotics solutions, catering to the growing demand for environmentally friendly products.

Underlying macroeconomic factors: The Commercial service robotics market in Canada is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. Countries with favorable business environments and strong investment in robotics technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for automation and efficiency in various industries, coupled with the rise in labor costs, is driving the adoption of service robotics in Canada.

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.