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Consumer Service Robotics - Benelux

Benelux
  • Revenue in the Consumer Service Robotics market is projected to reach US$157.10m in 2024.
  • Domestic service robotics dominates the market with a projected market volume of US$104.30m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.78%, resulting in a market volume of US$262.10m 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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In-Scope

  • Domestic Service Robotics
  • Entertainment Service Robotics

Out-Of-Scope

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

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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 the Benelux region is experiencing minimal decline in growth, influenced by factors such as slow adoption of digital technologies, lack of health awareness among consumers, and limited convenience offered by online services. However, the Domestic and Entertainment Service Robotics sub-markets have the potential to drive growth in the overall Service Robotics market in the region.

    Customer preferences:
    With the rise of smart home technology and the increasing popularity of virtual assistants, consumers in Benelux are showing a growing interest in service robots for household tasks. This trend is driven by the region's aging population and the need for assistance in daily chores. Additionally, there is a growing demand for personalized and interactive robots that can provide companionship and entertainment, reflecting a shift towards more human-like interactions with technology.

    Trends in the market:
    In the Benelux region, there is a growing trend towards using consumer service robotics in various industries, such as healthcare, retail, and hospitality. This is driven by the increasing demand for automation and efficiency in these sectors. Additionally, there is a shift towards using more advanced technologies, such as artificial intelligence and machine learning, in service robotics. This trend is significant as it allows for more personalized and efficient services, leading to improved customer satisfaction and cost savings for businesses. However, it also raises concerns about potential job displacement and the need for proper regulation and training for the use of these technologies.

    Local special circumstances:
    In Benelux, the Consumer service robotics Market of the Service robotics Market is experiencing growth due to the region's high adoption of advanced technologies and strong focus on sustainability. Additionally, the region's aging population and shortage of healthcare workers are driving the demand for service robots in healthcare. In the consumer sector, the market is driven by the region's affluent population and their willingness to invest in innovative solutions for household tasks. The strict regulations on data protection and ethical use of robots also play a significant role in shaping the market dynamics in Benelux.

    Underlying macroeconomic factors:
    The growth of the Consumer service robotics market in Benelux is closely tied to macroeconomic factors such as technological advancements, consumer spending, and government policies. The region's strong economy and high disposable income levels have led to a growing demand for innovative and efficient service robots, particularly in the healthcare and hospitality sectors. Additionally, the increasing focus on improving customer experience and reducing labor costs is driving the adoption of service robotics in various industries. However, factors such as regulatory barriers and limited investment in research and development may hinder market growth in the region. Overall, the market is expected to continue its upward trajectory, driven by favorable macroeconomic conditions and the growing need for automation in service industries.

    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

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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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