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
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 EMEA commercial service robotics market has seen a slow growth rate due to a lack of awareness and limited adoption of digital technologies in the agriculture, logistics, medical, and other service robotics sub-markets. However, rising health awareness and convenience offered by online services may drive future growth.
Customer preferences: With the rise of e-commerce and online shopping, there is a growing demand for service robots in the commercial sector, particularly in retail and logistics. These robots are equipped with advanced navigation and automation capabilities, allowing them to efficiently handle tasks such as inventory management, order fulfillment, and delivery. This shift towards automation is driven by the need for cost-effective and efficient operations, as well as the growing focus on customer satisfaction and convenience. Additionally, the use of service robots in commercial settings is also seen as a way to reduce human contact and ensure safety in light of the COVID-19 pandemic.
Trends in the market: In EMEA, the Commercial service robotics market is experiencing a significant rise in demand due to the increasing adoption of automation in various industries. The market is witnessing a trend of integrating AI and machine learning technologies into service robots to enhance their capabilities and provide more efficient solutions. This trend is expected to continue, with a focus on developing robots with advanced cognitive abilities to perform complex tasks. Moreover, the rise of the gig economy and the need for cost-effective solutions are also driving the growth of the service robotics market in EMEA. This trend is significant for industry stakeholders as it presents opportunities for partnerships and collaborations to develop innovative and cost-effective solutions. However, it also poses challenges for traditional service providers, as they may face competition from these advanced technologies. Overall, the trajectory of these trends is expected to lead to the widespread adoption of service robotics in various industries and revolutionize the way services are delivered.
Local special circumstances: In EMEA, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is influenced by the region's high demand for automation in various industries. This is driven by strict regulations and workforce shortages, especially in countries like Germany and Japan. Additionally, cultural factors such as the emphasis on efficiency and precision have led to the adoption of robotics in manufacturing and healthcare. Regulatory support for the use of robots in hazardous environments has also boosted the market in countries like the UK and France.
Underlying macroeconomic factors: The growth of the Commercial service robotics market is also influenced by macroeconomic factors such as technological advancements, government initiatives, and investment in automation infrastructure. Countries with favorable regulatory environments and a strong focus on automation are experiencing faster market growth compared to regions with regulatory challenges and limited investment in automation technologies. Additionally, the increasing demand for efficiency and cost reduction in industries such as manufacturing, retail, and logistics is driving the adoption of service robotics solutions.
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.