Consumer Service Robotics - Croatia

Revenue in the Consumer Service Robotics market is projected to reach US$8.12m in 2024.
Domestic service robotics dominates the market with a projected market volume of US$4.53m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 14.89%, resulting in a market volume of US$16.25m 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 Croatia is witnessing steady growth, driven by factors such as increasing adoption of robotics technology, growing demand for domestic and entertainment service robots, and rising awareness among consumers. However, the market's growth rate is subdued due to factors like limited government support and high costs associated with these advanced robots.

Customer preferences: In Croatia, there has been a noticeable increase in demand for consumer service robotics, especially in the hospitality and tourism industries. With a growing emphasis on customer experience and personalized services, businesses are turning to robotics to enhance efficiency and cater to changing consumer preferences. Additionally, the rise of the digital economy and the need for contactless interactions have further accelerated the adoption of service robotics in the country. This trend is expected to continue as consumers prioritize convenience and safety in their interactions with businesses.

Trends in the market: In Croatia, the Consumer service robotics Market is seeing a surge in demand for robots that can assist with household tasks, such as cleaning and cooking. This trend is driven by an aging population and a growing need for convenience and efficiency. Additionally, there is a rising interest in using robots for customer service in retail and hospitality industries. These advancements in technology are expected to continue, providing opportunities for industry players to expand their offerings and tap into new markets.

Local special circumstances: In Croatia, the Consumer service robotics Market within the Robotics Market is driven by the country's high demand for automation and the growing trend of using robots for household chores. Additionally, the country's aging population has created a need for robotic assistants that can provide caregiving and home maintenance services. The market is also influenced by the country's strict regulations on labor and employment, which has led to an increase in the adoption of service robots in various industries.

Underlying macroeconomic factors: The demand for consumer service robotics in Croatia is heavily influenced by macroeconomic factors such as the country's economic growth, government initiatives, and consumer purchasing power. With an improving economy and increasing disposable income, consumers are more likely to invest in advanced service robotics solutions. In addition, government policies promoting the adoption of automation and robotics technology are expected to drive market growth. However, factors such as high initial costs and lack of awareness among consumers may hinder market growth in the short term.

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.