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Consumer Service Robotics - Bahrain

Bahrain
  • Revenue in the Consumer Service Robotics market is projected to reach US$3.23m in 2024.
  • Domestic service robotics dominates the market with a projected market volume of US$2.69m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 13.64%, resulting in a market volume of US$6.12m by 2029.
  • In global comparison, most revenue will be generated China (US$5.53bn in 2024).

Definition:

The Consumer Service Robotics market covers the market size of service robotics for consumer use, e.g., household and entertainment robots. Consumer robots are usually not big and relatively easy to use. Consumer robots include vacuum cleaners, robotic toys, and drones.

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, 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 iRobot, Samsung, and Xiaomi.

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

In-Scope

  • Domestic Service Robotics
  • Entertainment Service Robotics

Out-Of-Scope

  • Commercial Service Robotics
Service robotics: market data & analysis  - Cover

Market Insights report

Service 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 Consumer service robotics market in Bahrain is experiencing steady growth due to factors such as increasing demand for advanced technologies, growing awareness about health and safety, and the convenience of online services. However, the minimal decline in growth rate may be impacted by factors such as high costs and limited adoption in certain sub-markets.

    Customer preferences:
    As the world continues to adapt to the effects of the COVID-19 pandemic, the demand for contactless and automated services has increased in Bahrain. This trend has extended to the Consumer service robotics Market, with consumers seeking out self-service options for tasks such as grocery shopping and food delivery. This shift is driven by a desire for safer and more efficient experiences, as well as a growing reliance on technology in daily life. Additionally, the rise of e-commerce and online shopping has led to an increased need for last-mile delivery robots, as consumers look for faster and more convenient ways to receive their purchases.

    Trends in the market:
    In Bahrain, the Consumer service robotics Market of the Service robotics Market within the Robotics Market is witnessing a surge in demand for home cleaning and maintenance robots. This trend is driven by the increasing awareness of the benefits of using robots for household tasks, such as convenience and time-saving. Additionally, the growing aging population in Bahrain is creating a need for assistive robots to support independent living. This trend is expected to continue, providing opportunities for industry stakeholders to tap into the growing demand for consumer service robotics in the country.

    Local special circumstances:
    In Bahrain, the Consumer service robotics Market of the Service robotics Market within the Robotics Market is expected to experience significant growth due to the government's initiatives to promote the use of advanced technologies in various sectors. The country's small size and high population density make it an ideal market for service robotics, especially in healthcare and hospitality industries. Additionally, the country's high disposable income and growing preference for convenience are driving the demand for consumer service robotics. However, strict regulations on the use of robotics in public spaces may pose a challenge to the market's growth.

    Underlying macroeconomic factors:
    The Consumer service robotics Market within the Robotics Market is heavily influenced by macroeconomic factors, such as the level of technological development, government regulations, and investment in infrastructure. Countries with advanced technological capabilities and supportive regulatory environments tend to experience faster growth in the service robotics market. On the other hand, regions with regulatory challenges and limited funding for infrastructure may experience slower growth. Furthermore, the increasing aging population and prevalence of chronic diseases globally are driving the demand for service robotics, as they offer solutions to improve healthcare access and outcomes.

    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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    Service robotics: market data & analysis  - BackgroundService robotics: market data & analysis  - Cover

    Key Market Indicators

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

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    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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