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 European commercial service robotics market is experiencing slow growth due to factors such as limited awareness and high costs. However, the Agriculture, Logistics, Medical, and Other sub-markets are expected to drive growth with increasing adoption of digital technologies and rising demand for convenience in online services.
Customer preferences: With the rise of automation and advanced technology in the service industry, there is a growing demand for commercial service robotics in Europe. Consumers are increasingly relying on these robots for tasks such as cleaning, delivery, and customer service. This trend is driven by the need for efficient and contactless solutions, especially in light of the COVID-19 pandemic. Additionally, the aging population in Europe has created a demand for service robots in healthcare and eldercare, as they provide assistance and companionship to those in need.
Trends in the market: In Europe, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is seeing an increase in the use of autonomous delivery robots in various industries, such as retail and healthcare. This trend is driven by the need for contactless delivery and the efficiency and cost savings offered by these robots. Additionally, there is a growing demand for service robots in elderly care, as the aging population creates a need for assistive technologies. These developments signal a shift towards more advanced and specialized service robots in Europe, presenting opportunities for industry players to expand their market presence and offerings.
Local special circumstances: In Europe, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is driven by the region's high demand for automation and technological advancements. Countries like Germany and France have strict labor laws, leading to a rise in adoption of service robots in industries such as manufacturing and healthcare. Additionally, cultural factors such as aging population and increasing focus on sustainability have led to the growth of service robotics in the region. Moreover, the European Union's emphasis on promoting the use of robots in various industries has further boosted the market.
Underlying macroeconomic factors: The Commercial service robotics Market of the Service robotics Market within the Robotics Market is heavily impacted by macroeconomic factors such as technological advancements, regulatory support, and investment in research and development. Countries with favorable regulatory environments and strong investment in service robotics technology are experiencing faster market growth compared to regions with regulatory challenges and limited R&D funding. Additionally, the increasing demand for automation and efficiency across industries is driving the adoption of service robotics, particularly in the manufacturing and healthcare sectors. This trend is further supported by the growing aging population and the need for cost-effective solutions to address labor shortages.
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