Commercial Service Robotics - Qatar

Revenue in the Commercial Service Robotics market is projected to reach US$31.82m in 2024.
Other service robotics dominates the market with a projected market volume of US$27.35m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.70%, resulting in a market volume of US$38.15m 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 Service Robotics market in Qatar has been experiencing significant growth, driven by factors such as increasing adoption of robotic technologies, growing demand for efficient services, and the convenience offered by automated solutions. However, the market growth rate has substantially declined due to factors such as economic downturn, high initial costs, and lack of skilled workforce.

Customer preferences: The commercial service robotics market in Qatar has witnessed a rise in demand for automation and contactless solutions in response to the COVID-19 pandemic. This has led to an increased adoption of service robots in industries such as hospitality, retail, and healthcare. Additionally, there has been a growing preference for robots with advanced features such as artificial intelligence and voice recognition, indicating a shift towards more sophisticated and efficient solutions. This trend is further fueled by the country's efforts to promote digital transformation and innovation in various sectors.

Trends in the market: In Qatar, the Commercial service robotics Market is experiencing a surge in demand for autonomous delivery robots, particularly in the food and retail sectors. This trend is driven by the country's efforts to promote a digital economy and reduce human-to-human contact in the wake of the COVID-19 pandemic. With the rise of e-commerce and online shopping, there is also a growing need for warehouse automation and logistics robots. These trends are expected to continue in the coming years, with potential implications for industry stakeholders such as increased efficiency, cost savings, and improved customer experience.

Local special circumstances: In Qatar, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is gaining traction due to the country's focus on diversifying its economy and promoting innovation. The government's initiatives to improve healthcare services and promote smart cities have created a conducive environment for the adoption of service robots. Additionally, the country's high disposable income and tech-savvy population are driving the demand for advanced service robotics solutions.

Underlying macroeconomic factors: The Commercial service robotics Market of the Service robotics Market within the Robotics Market is influenced by macroeconomic factors such as technological advancements, government policies, and investment in automation. 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. Additionally, the increasing demand for advanced and efficient solutions in industries such as manufacturing, healthcare, and logistics is driving the growth of the commercial service robotics market.

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.