Commercial Service Robotics - New Zealand

Revenue in the Commercial Service Robotics market is projected to reach US$29.92m in 2024.
Medical service robotics dominates the market with a projected market volume of US$11.18m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.08%, resulting in a market volume of US$50.60m 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 New Zealand is experiencing significant growth, driven by the increasing demand for digital solutions in various industries such as agriculture, logistics, and healthcare. The convenience and efficiency offered by these robots are major factors contributing to the market's average growth rate. Additionally, the growing awareness and adoption of technology in the region are also major drivers of this growth.

Customer preferences: The commercial service robotics market in New Zealand is witnessing a growing demand for automation solutions, particularly in industries such as agriculture, manufacturing, and logistics. This trend is driven by the desire for increased efficiency and productivity, as well as the need to reduce labor costs. Additionally, there is a noticeable shift towards the use of AI-powered robots for tasks such as inventory management and customer service, as businesses look to enhance their operations and improve customer experience.

Trends in the market: In New Zealand, there is a growing trend of using service robots in the hospitality and healthcare industries. These robots are being used for tasks such as room service delivery and patient care, providing an efficient and contactless option for customers. This trend is expected to continue in the coming years, as businesses look for ways to enhance customer experience and reduce costs. This could have significant implications for industry stakeholders, as it may lead to increased adoption of service robots and potential job displacement for human workers. Additionally, the rise of service robots could also create new opportunities for businesses in the robotics industry to develop and provide innovative solutions to meet the growing demand.

Local special circumstances: In New Zealand, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is driven by the country's strong focus on innovation and technological advancements. The government has implemented favorable policies to encourage the adoption of service robots in various industries, such as healthcare and agriculture. Additionally, the country's small and remote population has created a demand for robotic solutions to address labor shortages and improve efficiency. These factors have contributed to the rapid growth of the service robotics market in New Zealand.

Underlying macroeconomic factors: The growth of the Commercial service robotics market in New Zealand is largely influenced by macroeconomic factors such as technological advancements, government support, and investment in infrastructure. Countries with favorable regulatory environments and strong investment in service robotics are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for automation and efficiency in various industries, coupled with the growing aging population, is driving the adoption of service robotics in New Zealand.

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.