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Commercial Service Robotics - United Kingdom

United Kingdom
  • Revenue in the Commercial Service Robotics market is projected to reach US$1.04bn in 2024.
  • Medical service robotics dominates the market with a projected market volume of US$576.20m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 13.79%, resulting in a market volume of US$1.98bn 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.

For more information on the data displayed, use the info button right next to the box.

In-Scope

  • Medical Service Robotics
  • Logistic Services Robotics
  • Agriculture Service Robotics
  • Other Service Robotics

Out-Of-Scope

  • Consumer Service Robotics
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Robotics: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Most recent update: Mar 2024

    Source: Statista Company Insights

    Volume

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Price

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Analyst Opinion

    The commercial service robotics market in the United Kingdom is witnessing steady growth, driven by factors such as increasing adoption of automation, rising demand for efficient and cost-effective solutions, and advancements in technology. However, the market's growth rate is currently impacted by challenges such as high initial investment costs and limited awareness among end-users. Despite these factors, the market is expected to continue its growth trajectory, especially in the agriculture and logistics sub-markets, due to the growing need for precision and efficiency in these industries.

    Customer preferences:
    As consumers become more environmentally conscious, there has been a growing demand for eco-friendly service robots in the commercial sector. This trend is influenced by the UK's focus on sustainability and reducing carbon footprint. Businesses are also increasingly utilizing service robots for tasks such as waste management and cleaning, resulting in improved efficiency and cost savings. Additionally, the aging population in the UK has led to an increased demand for service robots in healthcare, particularly for tasks such as medication management and patient monitoring.

    Trends in the market:
    In the United Kingdom, there is a growing trend of using commercial service robotics in various industries, such as healthcare, retail, and logistics. This is driven by the increasing demand for automation and efficiency in business operations. Additionally, there is a rise in the adoption of artificial intelligence and machine learning technologies in service robotics, enabling these robots to perform more complex tasks. This trend is significant for industry stakeholders as it presents opportunities for cost savings, increased productivity, and improved customer experiences. There is also potential for the service robotics market to expand into new industries and applications, further driving its growth and development.

    Local special circumstances:
    In the United Kingdom, the Commercial service robotics market is driven by the country's advanced manufacturing and technology sector, as well as its strong emphasis on innovation and automation in industries such as healthcare, logistics, and agriculture. Additionally, the UK government's initiatives and policies promoting the adoption of robotics and AI technologies in various sectors have further propelled the growth of the service robotics market. However, the market is also influenced by the country's strict regulations on data privacy and safety, which can pose challenges for companies looking to enter the market.

    Underlying macroeconomic factors:
    The Commercial service robotics Market in the United Kingdom is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in automation. The country's strong focus on innovation and digitalization, along with favorable regulatory environments, has led to a significant increase in the adoption of commercial service robotics. Additionally, the growing demand for labor-saving solutions in various industries, coupled with the rise in e-commerce and logistics activities, is expected to drive the market growth in the UK. Furthermore, the country's stable economic growth and increasing investments in research and development activities are likely to further fuel the demand for commercial service robotics in the coming years.

    Global Comparison

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    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.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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    Industrial robots worldwide - statistics & facts

    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.
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