Commercial Service Robotics - Mauritius

Revenue in the Commercial Service Robotics market is projected to reach US$1.25m in 2024.
Medical service robotics dominates the market with a projected market volume of US$574.90k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -4.99%, resulting in a market volume of US$971.80k 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.

For more information on the data displayed, use the info button right next to the box.

Medical Service Robotics
Logistic Services Robotics
Agriculture Service Robotics
Other Service Robotics

Consumer Service Robotics

The commercial service robotics market in Mauritius has been experiencing a subdued decline in growth rate, influenced by factors such as limited adoption of digital technologies, low health awareness among consumers, and challenges faced in the agriculture and logistics sub-markets. However, the market has potential for growth with the increasing demand for medical and other service robotics.

Customer preferences: As the service robotics market expands in Mauritius, there is a growing trend towards the use of robots in commercial settings, such as retail and hospitality. This is driven by a desire for contactless interactions and increased efficiency in service delivery. Additionally, the aging population in Mauritius has led to a demand for assistive robots, particularly in the healthcare sector, to help with tasks such as medication reminders and mobility assistance. These trends demonstrate a shift towards automation and digital solutions in service industries.

Trends in the market: In Mauritius, the Commercial service robotics Market is experiencing a rise in demand for automated solutions in industries such as healthcare, retail, and logistics. This trend is driven by the need for increased efficiency, cost savings, and improved customer experience. Additionally, there is a growing focus on incorporating artificial intelligence and machine learning technologies into service robotics, allowing for more advanced capabilities and customization. These developments have significant implications for industry stakeholders, as they must adapt to new technologies and business models to remain competitive in the market.

Local special circumstances: In Mauritius, the Commercial service robotics market is expected to experience significant growth due to the country's strong focus on technological innovation and its favorable business environment. The government has implemented initiatives to promote the adoption of automation and robotics in various industries, such as healthcare and manufacturing. Additionally, the country's small size and high population density make it an ideal market for service robotics, particularly in areas such as transportation and logistics. The cultural value placed on efficiency and productivity also drives demand for service robotics solutions in Mauritius.

Underlying macroeconomic factors: The growth of the Commercial service robotics market is also influenced by macroeconomic factors such as technological advancements, regulatory support, and investment in automation infrastructure. Countries with favorable regulatory environments and strong investment in automation technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding for automation. Additionally, the increasing demand for efficient and cost-effective business solutions is driving the adoption of service robotics in various industries, leading to market growth.

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.