Commercial Service Robotics - Croatia

Revenue in the Commercial Service Robotics market is projected to reach US$6.86m in 2024.
Medical service robotics dominates the market with a projected market volume of US$4.89m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.91%, resulting in a market volume of US$11.00m 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 Croatia is facing subdued decline due to factors such as slow adoption of digital technologies, limited awareness about service robotics, and challenges in integrating these robots into various industries. However, with growing demand for automation and advancements in technology, the market is expected to experience significant growth in the coming years. The Agriculture, Logistics, Medical, and Other sub-markets within the Service robotics Market are also expected to contribute to this growth.

Customer preferences: As businesses in Croatia continue to adopt advanced technologies, the demand for commercial service robotics is expected to increase. This trend is driven by a growing need for efficient and cost-effective solutions, as well as a desire for contactless interactions in the wake of the pandemic. Additionally, the country's aging population is creating a demand for service robots in healthcare and home assistance, highlighting a shift towards more personalized and convenient care options.

Trends in the market: In Croatia, the Commercial service robotics market is experiencing a surge in demand for cleaning and disinfection robots in response to the COVID-19 pandemic. This trend is expected to continue, as businesses and institutions prioritize hygiene and safety measures. Additionally, there is a growing interest in using service robots for delivery and logistics, as well as for customer service in retail and hospitality sectors. These trends highlight the potential for increased adoption of service robotics in a variety of industries, offering new opportunities for market players. However, there may also be challenges in terms of regulatory frameworks and potential job displacement, which stakeholders should be prepared to address.

Local special circumstances: In Croatia, the Commercial Service Robotics Market is experiencing growth due to the country's strong focus on tourism and hospitality. This has created a demand for service robots in the hotel and restaurant industry, particularly for tasks such as cleaning and food delivery. Additionally, the government's initiatives to promote innovation and technological advancements have led to the adoption of service robots in various industries, such as logistics and healthcare. However, the market is also impacted by the country's aging population, which creates a need for assistive robots and healthcare solutions.

Underlying macroeconomic factors: The growth of the Commercial service robotics market is also influenced by macroeconomic factors such as technological advancements, government policies, and investment in automation infrastructure. Countries with advanced technological capabilities and supportive regulatory environments are experiencing faster market growth compared to regions with limited automation adoption and regulatory challenges. Additionally, the increasing demand for efficient and cost-effective solutions in industries such as manufacturing, healthcare, and logistics is driving the growth of the service robotics market in Croatia.

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.