Commercial Service Robotics - North America

  • North America
  • Revenue in the Commercial Service Robotics market is projected to reach US$6.15bn in 2024.
  • Medical service robotics dominates the market with a projected market volume of US$3.75bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.34%, resulting in a market volume of US$9.18bn 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

 
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Analyst Opinion

The Commercial service robotics market in North America is growing at a minimal rate due to factors such as slow adoption of digital technologies, limited awareness among consumers, and challenges in integrating robotics into various industries. However, with advancements in Agriculture, Logistics, Medical, and Other Service Robotics, the market is expected to witness significant growth in the near future.

Customer preferences:
As businesses strive for greater efficiency and cost savings, the adoption of commercial service robotics is on the rise in North America. This trend is driven by the increasing demand for automation in industries such as manufacturing, healthcare, and retail. Additionally, the aging population and a shortage of skilled labor are also contributing to the growth of the commercial service robotics market. This shift towards robotic solutions is expected to streamline processes, improve productivity, and reduce human error.

Trends in the market:
In North America, the Commercial service robotics market is experiencing a surge in demand for autonomous delivery robots, particularly in the retail and logistics sectors. This trend is driven by the increasing need for contactless delivery services due to the COVID-19 pandemic. Additionally, there is a growing focus on using service robots for cleaning and disinfection in public spaces. These trends are expected to continue in the coming years, creating opportunities for industry players to expand their market presence and cater to the evolving needs of customers.

Local special circumstances:
In North America, the Commercial service robotics Market is thriving due to the region's strong economy and high adoption of advanced technologies. The United States and Canada have well-established markets for service robots in various industries, such as healthcare, logistics, and agriculture. Additionally, the region's strict regulatory environment and focus on innovation have led to the development of cutting-edge service robotics solutions. This has resulted in a highly competitive market, with companies constantly pushing the boundaries of what is possible with service robots.

Underlying macroeconomic factors:
The Commercial service robotics Market in North America is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in infrastructure. The region's strong economic growth and stable fiscal policies have created a favorable environment for the adoption of service robotics in various industries. Additionally, the increasing demand for automation and the need for efficient and cost-effective solutions are driving the growth of the service robotics market in North America. Moreover, the region's large and aging population is also a major factor contributing to the demand for service robotics in the healthcare sector.

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.

Overview

  • Revenue
  • Key Players
  • Volume
  • Price
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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