Commercial Service Robotics - Switzerland

  • Switzerland
  • Revenue in the Commercial Service Robotics market is projected to reach US$535.20m in 2024.
  • Medical service robotics dominates the market with a projected market volume of US$479.90m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 13.98%, resulting in a market volume of US$903.40m by 2028.
  • 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 Switzerland is experiencing significant growth, driven by factors such as increasing adoption of robotic technologies, growing demand for automation in various industries, and the convenience offered by these robots. The market's considerable growth rate can be attributed to the advantages that service robotics provides, including increased efficiency, cost-effectiveness, and improved productivity. These factors, along with the country's advanced technology infrastructure and supportive government initiatives, are fueling the growth of the overall Service Robotics Market in Switzerland.

Customer preferences:
There has been a significant rise in demand for commercial service robotics in Switzerland, as businesses are increasingly adopting automation solutions to increase efficiency and reduce operational costs. Consumer preferences are also evolving, with a growing emphasis on sustainability and eco-friendliness in products and services. This has led to an increase in the use of service robots in industries such as hospitality and retail, where they can assist with tasks such as cleaning and inventory management. Additionally, there has been a notable increase in the use of service robots in healthcare, particularly in elderly care, as the population ages and there is a greater need for personalized and remote care solutions.

Trends in the market:
In Switzerland, the Commercial service robotics market is experiencing a rise in demand for autonomous robots in the healthcare sector, with hospitals and medical facilities increasingly adopting robotic assistants for tasks such as patient care and drug delivery. Additionally, there is a growing trend towards using service robots for cleaning and maintenance in commercial buildings. These trends highlight the potential for increased efficiency and cost savings in various industries, while also raising concerns about potential job displacement and the need for regulations to ensure safe and ethical use of robotics technology.

Local special circumstances:
In Switzerland, the Commercial service robotics market is growing due to the country's high level of industrial automation and the presence of major players in the field such as ABB and Kuka. The country's strict regulations for safety and precision in manufacturing also drive the demand for service robots. Additionally, the Swiss population's high standard of living and willingness to adopt new technologies make it a favorable market for service robots, particularly in areas such as healthcare and hospitality.

Underlying macroeconomic factors:
The growth of the Commercial service robotics market is also influenced by macroeconomic factors such as technological advancements, government support, and investment in automation infrastructure. Countries with strong government initiatives and investments in automation technologies are experiencing faster market growth compared to regions with limited government support and funding. Moreover, the increasing demand for cost-effective and efficient solutions in various industries, such as manufacturing, healthcare, and retail, is driving the adoption of service robotics, further contributing to market growth.

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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