Consumer Service Robotics - Egypt

Revenue in the Consumer Service Robotics market is projected to reach US$40.29m in 2024.
Domestic service robotics dominates the market with a projected market volume of US$38.79m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 14.71%, resulting in a market volume of US$80.04m 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 service robotics market in Egypt is seeing slow growth due to various factors such as limited consumer awareness and the lack of advanced technology in the domestic and entertainment sub-markets. However, the market is expected to pick up as more consumers become aware of the convenience and benefits offered by service robots.

Customer preferences: The Consumer service robotics Market in Egypt is witnessing a growing demand for automated solutions in the food and beverage industry. This trend is driven by the need for contactless and hygienic services, as well as the desire for quick and efficient service. Additionally, with the rise of e-commerce and online shopping, there is a growing demand for service robots to assist with order fulfillment and delivery. This trend is expected to continue as consumers prioritize safety and convenience in their purchasing habits.

Trends in the market: In Egypt, the Consumer service robotics Market is experiencing a surge in demand for robotic solutions in the retail and hospitality industries. This trend is driven by the country's growing tourism sector and increasing adoption of advanced technologies. As the market continues to expand, there is a growing emphasis on developing robots with human-like capabilities, such as natural language processing and emotion recognition. This trend is expected to have significant implications for the industry, as it will enable robots to provide personalized and intuitive services to customers. Additionally, it presents opportunities for industry stakeholders to capitalize on this growing market and cater to the evolving needs of consumers.

Local special circumstances: In Egypt, the Consumer service robotics Market of the Service robotics Market within the Robotics Market is influenced by the country's growing economy and the increasing adoption of technology in various industries. The government's focus on promoting innovation and entrepreneurship has led to a rise in local startups developing service robots for various applications. Additionally, cultural factors such as the high value placed on hospitality and customer service have created a demand for consumer service robots in the market. Furthermore, regulations that promote the use of automation in industries like healthcare have also played a role in driving the growth of the service robotics market in Egypt.

Underlying macroeconomic factors: The growth of the Consumer service robotics market in Egypt is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in the country's infrastructure. Egypt's stable economic growth, favorable regulatory environment, and increasing focus on developing its robotics industry have created a conducive environment for the growth of the service robotics market. Furthermore, the country's large population and rising disposable income levels are driving the demand for consumer service robots, particularly in the healthcare and hospitality sectors. Additionally, the government's initiatives to modernize and automate its service sector are expected to further boost the demand for consumer service robotics in Egypt.

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.