Consumer Service Robotics - Australia & Oceania

  • Australia & Oceania
  • Revenue in the Consumer Service Robotics market is projected to reach US$167.50m in 2024.
  • Entertainment service robotics dominates the market with a projected market volume of US$103.40m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.68%, resulting in a market volume of US$254.00m by 2029.
  • In global comparison, most revenue will be generated in China (US$5,532.00m in 2024).

Key regions: South Korea, Germany, Japan, Canada, France

 
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Analyst Opinion

The Consumer service robotics market in Australia & Oceania is seeing minimal decline, impacted by factors such as increasing adoption of robotics, rising consumer demand for convenient services, and the emergence of new sub-markets like Domestic and Entertainment Service Robotics.

Customer preferences:
With the rise of smart home technology and the increasing demand for convenience, there has been a noticeable shift towards consumer service robotics in Australia & Oceania. This trend is driven by the region's aging population and the need for assistance with daily tasks. In addition, the growing interest in eco-friendly solutions has led to the development of service robots that can perform household chores and reduce energy consumption. This trend is expected to continue as consumers prioritize efficiency and sustainability in their lifestyles.

Trends in the market:
In Australia and Oceania, there is a growing demand for consumer service robotics in various industries, such as healthcare, retail, and hospitality. This trend is driven by the need for automation and efficiency in these sectors, as well as the increasing aging population. With the rise of smart homes and connected devices, there is also a growing market for home service robots that can assist with household tasks. Additionally, the use of robots in customer service roles is gaining popularity, with businesses using them to enhance customer experience and reduce labor costs. This trend is expected to continue in the coming years, with the potential to revolutionize the service industry in the region.

Local special circumstances:
In Australia & Oceania, the Consumer service robotics Market of the Service robotics Market within the Robotics Market is influenced by the region's highly developed economy and high disposable income levels. This has led to a demand for advanced and high-end service robots, particularly in the hospitality and entertainment industries. Additionally, the region's aging population has also created a market for robots that can assist with home care and healthcare services. However, the relatively small size of the market and strict regulatory environment can pose challenges for international players looking to enter the market.

Underlying macroeconomic factors:
The growth of the Consumer service robotics market is also influenced by macroeconomic factors such as technological advancements, regulatory support, and investment in robotics infrastructure. Countries with favorable regulatory environments and strong investment in robotics technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for automation and efficiency in consumer services, along with the rising aging population, is driving the adoption of service robotics in Australia & Oceania.

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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