Consumer Service Robotics - Czechia

Revenue in the Consumer Service Robotics market is projected to reach US$35.62m in 2024.
Domestic service robotics dominates the market with a projected market volume of US$20.59m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 14.99%, resulting in a market volume of US$71.63m 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 Czechia is experiencing subdued growth, influenced by factors such as slow adoption of digital technologies, limited health awareness among consumers, and lack of convenience in online health services. This trend is evident in both the Domestic Service Robotics and Entertainment Service Robotics sub-markets within the overall Service robotics market in Czechia.

Customer preferences: With the rapid growth of e-commerce and online shopping, consumers in Czechia are increasingly looking for efficient and convenient delivery options. This has led to a rise in demand for consumer service robots that can handle last-mile delivery and assist with inventory management in warehouses. Additionally, the aging population in Czechia has also fueled the demand for service robots in healthcare and home assistance, as these robots can provide companionship and support for the elderly. This trend is expected to continue as consumers prioritize convenience and seek solutions for aging-related challenges.

Trends in the market: In Czechia, the Consumer service robotics Market is experiencing a surge in demand for home cleaning and personal assistance robots. This trend is driven by the aging population and the need for cost-effective solutions to support independent living. As the market grows, there is also a rise in the adoption of AI and IoT technologies in service robots, enabling them to perform more advanced tasks such as navigation and communication. These trends are significant as they not only address societal challenges but also open up opportunities for industry players to expand their offerings and collaborate with other sectors, such as healthcare and retail. However, there may be potential implications for the labor market, as the increased use of service robots could lead to job displacement in certain industries.

Local special circumstances: In Czechia, the Consumer service robotics market is growing due to the country's strong economy and high adoption of technology. The market is driven by the demand for innovative and efficient solutions to improve customer service and increase productivity. Additionally, the country's strict regulations on data privacy and security have influenced the development of service robotics, ensuring the protection of consumer data. The market is also impacted by the country's cultural preference for automation and advanced technology, leading to a high acceptance of service robots in various industries.

Underlying macroeconomic factors: The Consumer service robotics Market in Czechia is influenced by macroeconomic factors such as technological advancements, government support, and investment in the robotics sector. Countries with favorable business environments and strong investment in service robotics technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for automation and efficiency in consumer services, coupled with the rising trend of e-commerce, is driving the demand for service robotics in Czechia.

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.