Market Insights Technology Robotics Service Robotics

Commercial Service Robotics - Greece

Greece

Revenue in the Commercial Service Robotics market is projected to reach US$23.92m in 2024.
Medical service robotics dominates the market with a projected market volume of US$19.89m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.43%, resulting in a market volume of US$39.29m by 2029.
In global comparison, most revenue will be generated in the United States (US$4,993.00m in 2024).

Key regions: Italy, Japan, France, United States, China

Market

Region

Region comparison

Currency

Analyst Opinion

The Commercial service robotics market in Greece is experiencing slow growth, influenced by factors such as limited adoption of digital technologies, lack of awareness among consumers, and challenges in integrating robotics into existing systems. Despite the potential in sub-markets such as agriculture, logistics, medical, and other industries, the overall market growth is hindered by these barriers.

Customer preferences: In Greece, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is experiencing a growing demand for automated solutions in the hospitality industry. With an increase in tourism, there is a greater need for efficient and cost-effective services, leading to a rise in the adoption of service robots. This trend is also driven by a desire for contactless interactions and improved hygiene standards in the wake of the COVID-19 pandemic. Furthermore, the aging population in Greece has also fueled the demand for service robots in healthcare and home assistance.

Trends in the market: In Greece, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is experiencing a surge in demand for robots in the healthcare sector. With the aging population and shortage of healthcare workers, there is a growing trend of using robots for tasks such as patient care, medication delivery, and disinfection. This trend is expected to continue in the coming years, providing significant opportunities for industry stakeholders. Additionally, the adoption of robots in the retail and hospitality industries is on the rise, driven by the need for contactless services and cost-saving measures. This trend is expected to have a significant impact on the growth of the service robotics market in Greece.

Local special circumstances: In Greece, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is influenced by the country's economic crisis and strict labor laws. This has led to a rise in demand for cost-effective robotic solutions for businesses, such as automated manufacturing processes. Additionally, Greece's strong shipping industry has created a market for maritime service robots, used for tasks like ship inspections and maintenance. The country's cultural emphasis on hospitality has also led to the adoption of service robots in the tourism and hospitality sector.

Underlying macroeconomic factors: In Greece, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is significantly impacted by macroeconomic factors such as government policies, economic stability, and global economic trends. The country's ongoing financial crisis has led to reduced investment in new technologies, hindering the growth of the service robotics market. Furthermore, the aging population and the increasing demand for cost-effective solutions in the healthcare and manufacturing sectors are driving the demand for service robotics, but limited funding and regulatory challenges pose significant challenges for market growth.

Methodology

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.