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Consumer Service Robotics - Brazil

Brazil
  • Revenue in the Consumer Service Robotics market is projected to reach US$41.33m in 2024.
  • Entertainment service robotics dominates the market with a projected market volume of US$30.21m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -6.64%, resulting in a market volume of US$29.31m 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

    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 Brazil has been seeing a decline in growth rate, due to factors such as slow adoption of digital technologies, low health awareness among consumers, and limited convenience offered by online services. This trend is also reflected in the sub-markets of Domestic and Entertainment Service Robotics.

    Customer preferences:
    Consumers in Brazil are becoming more inclined towards using service robots for household chores and tasks, such as cleaning and cooking, due to the growing trend of dual-income households and increasing urbanization. Additionally, there is a rising demand for service robots in the healthcare sector, especially for elder care and assistance for individuals with disabilities. This is driven by the aging population and the need for personalized, in-home care. Moreover, cultural values of hospitality and social responsibility are also driving the adoption of service robots in the hospitality and retail industries.

    Trends in the market:
    In Brazil, there is a growing demand for consumer service robotics in various industries such as healthcare, retail, and hospitality. This is driven by the increasing need for automation, cost efficiency, and improved customer experience. In the consumer service robotics market, there is a trend towards the use of artificial intelligence and machine learning to enhance the capabilities of robots, making them more human-like and versatile. Additionally, there is a rising interest in collaborative robots that can work alongside humans, rather than replacing them. This trend is expected to continue in the coming years, as businesses seek to streamline their operations and improve efficiency. For industry stakeholders, this presents opportunities for growth and innovation, as well as the need to adapt to changing technologies and consumer preferences.

    Local special circumstances:
    In Brazil, the consumer service robotics market is thriving thanks to the country's growing middle class and their increasing demand for convenient and affordable services. This has led to the popularity of service robots in industries such as healthcare, retail, and hospitality. Additionally, Brazil's unique regulatory landscape, with a focus on promoting innovation and entrepreneurship, has also played a significant role in driving the growth of the service robotics market. The country's rich cultural diversity and large population also provide a vast market for service robots, creating opportunities for companies to develop localized solutions tailored to the needs of Brazilian consumers.

    Underlying macroeconomic factors:
    The Consumer service robotics Market of the Service robotics Market within the Robotics Market is heavily influenced by macroeconomic factors in Brazil. The country's economic growth, fiscal policies, and technological advancements play a significant role in shaping the market. Brazil's strong investment in healthcare infrastructure and favorable regulatory environment have resulted in a faster growth rate for the Consumer service robotics Market. Additionally, the increasing aging population and prevalence of chronic diseases in Brazil are driving the demand for service robotics 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

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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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