Commercial Service Robotics - Portugal

Revenue in the Commercial Service Robotics market is projected to reach US$57.45m in 2024.
Medical service robotics dominates the market with a projected market volume of US$37.06m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.47%, resulting in a market volume of US$90.31m 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 Portugal is facing subdued growth due to factors such as slow adoption of digital technologies, limited awareness among consumers, and challenges in implementing online services. However, the overall Service robotics Market in Portugal is expected to grow, driven by demand for Agriculture, Logistics, Medical, and Other service robots.

Customer preferences: As the demand for efficient and cost-effective solutions in commercial settings grows, there is a notable trend towards the adoption of service robots in Portugal. This can be attributed to the country's aging population and a shortage of skilled labor, leading to a shift towards automation. Additionally, the emphasis on hygiene and safety in the wake of the COVID-19 pandemic has further accelerated the use of service robots in industries such as hospitality and healthcare.

Trends in the market: In Portugal, the Commercial service robotics Market within the Service robotics Market is experiencing a surge in demand for robotic automation in industries such as manufacturing, healthcare, and logistics. This trend is expected to continue, with the government's focus on promoting the adoption of advanced technologies. The significance of this trend lies in its potential to improve efficiency and reduce human error, leading to cost savings for businesses. However, it also raises concerns about job displacement and the need for upskilling of the workforce. Additionally, the use of service robots in public spaces is gaining attention, with implications for safety, privacy, and ethical considerations.

Local special circumstances: In Portugal, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is influenced by the country's strong focus on innovation and technological advancements. The government's policies and incentives to promote the adoption of robotics in various industries have driven the market growth. Additionally, the country's high demand for labor in areas such as healthcare and agriculture has created a need for service robots, leading to a growing market for commercial service robotics.

Underlying macroeconomic factors: The Commercial service robotics Market of the Service robotics Market within the Robotics Market is also influenced by macroeconomic factors such as technological advancements, government support, and investment in industrial infrastructure. Countries with favorable business climates and robust investment in service robotics technologies are experiencing greater market growth compared to regions with regulatory hurdles and limited industrial funding. Moreover, the rising demand for automation and efficiency in industries worldwide is fueling the need for service robotics solutions to enhance productivity and reduce costs.

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.