Consumer Service Robotics - Belgium

Revenue in the Consumer Service Robotics market is projected to reach US$59.32m in 2024.
Domestic service robotics dominates the market with a projected market volume of US$42.95m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.40%, resulting in a market volume of US$101.80m 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.

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Domestic Service Robotics
Entertainment Service Robotics

Commercial Service Robotics

The Consumer service robotics market in Belgium is experiencing minimal decline in growth rate, influenced by factors such as increasing adoption of robotics technology, rising demand for personalized services, and the convenience offered by online platforms. The sub-markets of Domestic and Entertainment service robotics also contribute to the overall market growth.

Customer preferences: In Belgium, the demand for consumer service robotics is on the rise due to the growing preference for contactless and efficient services. This trend is further fueled by the increasing aging population and the need for personalized care. Additionally, the popularity of smart home devices and voice assistants has also contributed to the adoption of service robotics for household chores and assistance.

Trends in the market: In Belgium, there is a growing trend of using consumer service robots for tasks such as cleaning, companionship, and assistance for the elderly and disabled. This trend is driven by an aging population and a shortage of caregivers. Additionally, there is a focus on developing robots with advanced artificial intelligence and machine learning capabilities, allowing them to adapt to changing environments and perform more complex tasks. This trend is expected to continue as the demand for these robots increases, providing opportunities for industry stakeholders to innovate and improve their offerings. However, there may also be concerns about the ethical and social implications of relying on robots for caregiving tasks.

Local special circumstances: In Belgium, the Consumer service robotics market is heavily influenced by the country's aging population and high labor costs. This has fueled the demand for robotic solutions in industries such as healthcare, hospitality, and retail, where there is a need for automation and efficiency. Additionally, Belgium's strict regulations on data privacy and security have created a favorable environment for the adoption of service robots, especially in the healthcare sector. These factors have resulted in a growing market for service robotics in Belgium, with a particular focus on integrating human-robot collaboration and advanced AI technology.

Underlying macroeconomic factors: The growth of the Consumer service robotics market is also influenced by macroeconomic factors such as technological advancements, consumer spending patterns, and government policies. Countries with a strong focus on innovation and technological development, along with a stable economy and favorable fiscal policies, are likely to experience higher market growth. Furthermore, the increasing adoption of automation and robotics in various industries, coupled with the rising demand for efficient and cost-effective solutions, is driving the growth of the Consumer service robotics market.

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.