Consumer Service Robotics - Eastern Europe

Revenue in the Consumer Service Robotics market is projected to reach US$205.70m in 2024.
Domestic service robotics dominates the market with a projected market volume of US$160.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.01%, resulting in a market volume of US$470.80m 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 Eastern Europe is currently experiencing minimal decline due to factors such as slow adoption of digital technologies, limited health awareness among consumers, and lack of convenience offered by online services. However, the sub-markets of Domestic Service Robotics and Entertainment Service Robotics have the potential to drive growth in this market.

Customer preferences: As Eastern European countries continue to modernize, there is a growing demand for consumer service robotics in the region. This is driven by an increasing preference for automation and convenience, as well as the aging population and shortage of healthcare workers. In particular, there is a rise in demand for home care robots that can assist with daily tasks and provide companionship for the elderly. Additionally, the use of service robots in the hospitality industry is gaining traction, with hotels and restaurants utilizing them for tasks such as room service and food delivery. This trend towards automation and reliance on technology is expected to continue in the future.

Trends in the market: In Eastern Europe, the Consumer service robotics Market within the Robotics Market is experiencing a surge in demand for home cleaning and maintenance robots. This trend is driven by an aging population and increasing consumer preference for convenience and efficiency. Moreover, with the rise of smart home technology, there is a growing demand for service robots to assist with household tasks. This trend is expected to continue in the coming years, with the potential to disrupt traditional service industries and create new opportunities for industry stakeholders.

Local special circumstances: In Eastern Europe, the Service robotics Market is growing due to the increasing demand for automation in industries such as manufacturing, healthcare, and retail. The region is also witnessing a rise in the adoption of consumer service robots for tasks such as cleaning, cooking, and entertainment. However, cultural attitudes towards robots and their use in daily life may differ from other markets, leading to slower adoption rates. Additionally, regulatory frameworks for robotics may vary across countries, impacting market dynamics.

Underlying macroeconomic factors: The Consumer service robotics Market of the Service robotics Market within the Robotics Market is heavily influenced by macroeconomic factors in Eastern Europe. These include the region's economic growth, government policies, and technological advancements. Countries with a stable economic climate and favorable regulatory environments, such as Poland and the Czech Republic, have seen a significant increase in the adoption of service robotics due to increased investment in healthcare infrastructure and supportive fiscal policies. In contrast, countries with less favorable economic conditions, such as Ukraine and Belarus, have faced challenges in the growth of the service robotics market due to limited healthcare funding and regulatory challenges. Furthermore, the aging population and increasing prevalence of chronic diseases in Eastern Europe have also contributed to the demand for service robotics, as these technologies can improve healthcare access and outcomes.

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.