Commercial Service Robotics - Central Asia

Revenue in the Commercial Service Robotics market is projected to reach US$22.60m in 2024.
Medical service robotics dominates the market with a projected market volume of US$11.64m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 12.89%, resulting in a market volume of US$41.43m 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 Central Asia has seen moderate growth due to factors such as increasing demand for automation, rising labor costs, and advancements in technology. However, subdued growth can be attributed to limited awareness and high initial costs. The market is segmented into various sub-markets, each with its own growth potential and challenges.

Customer preferences: With the rapid growth of e-commerce and online shopping in Central Asia, there has been an increased demand for service robots to assist with tasks such as delivery and inventory management. This trend is further fueled by a growing preference for contactless services and automation in commercial settings. Additionally, the region's aging population and shortage of skilled labor have also contributed to the rise in adoption of service robotics in various industries.

Trends in the market: In Central Asia, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is seeing a rise in demand for autonomous robots in industries such as manufacturing, logistics, and healthcare. These robots are equipped with advanced sensors and artificial intelligence, allowing for improved efficiency and cost savings. Additionally, there is a growing trend of using service robots for cleaning and disinfection purposes, particularly in response to the COVID-19 pandemic. This trend is expected to continue, with potential implications for increased adoption and investment in service robotics in the region.

Local special circumstances: In Central Asia, the Commercial service robotics Market within the Robotics Market is influenced by the region's emerging economies and the growing demand for automation in various industries. The region's unique cultural diversity and regulatory environment also play a role in shaping the market dynamics. For example, in Kazakhstan, the government's focus on diversifying the economy has led to increased investments in service robotics, while in Uzbekistan, the market is driven by the growing demand for automated solutions in the agriculture sector. Additionally, the region's geographical location and connectivity to major markets like China and Europe present opportunities for growth in the service robotics market.

Underlying macroeconomic factors: The Commercial service robotics Market of the Service robotics Market within the Robotics Market is greatly impacted by macroeconomic factors in Central Asia. As the region experiences economic growth and increasing investment in technology, there is a growing demand for service robotics in various industries. In addition, favorable government policies, such as tax incentives and subsidies, are further boosting the adoption of service robotics in the region. Furthermore, the rise of e-commerce and the need for efficient logistics and supply chain management are driving the demand for commercial service robotics in Central Asia. These factors are expected to continue driving market growth in the region.

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.