Commercial Service Robotics - Romania

Revenue in the Commercial Service Robotics market is projected to reach US$26.48m in 2024.
Medical service robotics dominates the market with a projected market volume of US$19.03m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.68%, resulting in a market volume of US$42.03m 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 Romania is experiencing minimal decline in growth rate due to factors such as limited government support, high costs of implementation, and lack of awareness among potential consumers. However, the market is expected to see steady growth in the coming years, driven by increasing adoption of digital technologies, rising demand for efficient and automated services in various industries such as agriculture, logistics, and healthcare, and the convenience offered by service robotics.

Customer preferences: The Commercial service robotics Market in Romania is experiencing a rise in demand due to the increasing adoption of automation and technology in various industries. This trend is driven by the need for efficiency and cost-effectiveness, as well as the growing interest in innovative solutions. Additionally, the aging population in Romania is creating a demand for service robots in healthcare and eldercare, as these robots can assist with tasks such as medication reminders and companionship. This shift towards automation and technology is also influenced by the country's strong tech-savvy culture and increasing investment in research and development.

Trends in the market: In Romania, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is experiencing a growing demand for autonomous delivery robots in the retail sector. Additionally, there is a rise in the use of service robots in the healthcare industry for tasks such as patient monitoring and assistance. These trends are expected to continue, driven by factors such as the aging population and the need for efficient and cost-effective solutions. This presents opportunities for industry stakeholders to tap into these emerging markets and develop innovative solutions to meet the evolving needs of consumers.

Local special circumstances: In Romania, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is influenced by the country's strong manufacturing sector and its adoption of automation and Industry 4.0 technologies. Moreover, the government's initiatives to promote digitalization and the growing demand for efficient and cost-effective solutions in industries such as healthcare and retail are driving the growth of the service robotics market in Romania. Additionally, the country's favorable business climate and skilled workforce make it an attractive market for service robotics companies.

Underlying macroeconomic factors: The Commercial service robotics market in Romania is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in automation technologies. Countries with favorable business environments and supportive regulations are witnessing faster growth in the market compared to regions with regulatory challenges and limited investment in automation. Furthermore, the increasing adoption of automation in various industries, coupled with the need for efficient and cost-effective solutions, is driving the demand for commercial service robotics in Romania.

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.