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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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
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Company Insights
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
The Commercial Service Robotics market in Central & Western Europe is facing minimal growth due to factors such as slow adoption of digital technologies, limited awareness among consumers, and challenges in online service delivery. Despite this, the market is expected to see moderate growth in the sub-markets of Agriculture, Logistics, Medical, and Other Service Robotics, driven by increasing demand for automation and efficiency in various industries.
Customer preferences: There is a growing trend towards the use of service robots in commercial settings, as businesses seek to improve efficiency and reduce labor costs. This has been particularly evident in Central and Western Europe, where there is a high demand for automation in industries such as manufacturing, healthcare, and retail. Additionally, there has been a notable shift towards the use of collaborative robots, or cobots, which work alongside humans and can be easily reprogrammed for different tasks. This trend is driven by the need for flexible and adaptable solutions in the rapidly changing business landscape.
Trends in the market: In Central and Western Europe, there is a growing demand for commercial service robotics in industries such as healthcare, retail, and hospitality. This is driven by the increasing need for automation and efficiency in these sectors. In addition, there is a trend towards collaborative robots that can work alongside humans, improving safety and productivity. These developments have significant implications for industry stakeholders, as they must adapt to the changing landscape and invest in new technologies to stay competitive. Furthermore, the rise of artificial intelligence and machine learning in service robotics is expected to further drive growth and innovation in the market.
Local special circumstances: In Central and Western Europe, the Commercial service robotics Market within the Robotics Market is driven by the region's highly developed and technologically advanced economies. The market is also influenced by the strong presence of major players in the automotive, healthcare, and industrial sectors. Additionally, the region's strict regulatory environment and high labor costs have led to increased adoption of service robotics for tasks such as manufacturing, logistics, and healthcare. Furthermore, the region's aging population and growing demand for automation in various industries have also contributed to the growth of the service robotics market in Central and Western Europe.
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 & Western Europe. These include technological advancements, government policies, and investment in automation infrastructure. Countries with favorable regulatory environments and strong investment in automation technologies are seeing faster growth compared to regions with regulatory challenges and limited funding. Furthermore, the aging population and increasing demand for efficiency and cost-saving solutions are driving the adoption of service robotics in the region.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Aug 2024
Source: Statista Market Insights
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights