Consumer Service Robotics - EMEA | Statista Market Forecast

Revenue in the Consumer Service Robotics market is projected to reach US$4.40bn in 2024.
Domestic service robotics dominates the market with a projected market volume of US$3.52bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.63%, resulting in a market volume of US$9.50bn 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 EMEA Consumer Service Robotics market is experiencing minimal decline in growth rate, impacted by factors such as increasing adoption of digital technologies and rising health awareness among consumers. Convenience offered by online health services is also contributing to the market's growth.

Customer preferences: The EMEA region has seen a rise in demand for service robotics in the consumer market, particularly in the healthcare sector. With an aging population and increasing healthcare costs, there is a growing preference for home-based care and telemedicine services. This trend is further fueled by cultural values that prioritize family care and a desire for personalized and convenient healthcare solutions. As a result, there is a growing market for service robots that can assist with daily tasks and provide remote monitoring and assistance for chronic conditions.

Trends in the market: In EMEA, the Consumer service robotics Market is experiencing a surge in demand for home cleaning and personal care robots. This trend is driven by the increasing aging population, desire for convenience, and growing awareness of the benefits of using robots for household tasks. Additionally, there is a rise in the adoption of social robots for entertainment and companionship purposes. These trends indicate a shift towards a more service-oriented robotics market, with potential implications for industry stakeholders such as increased competition and the need for advanced technological capabilities.

Local special circumstances: In EMEA, the Consumer service robotics market is primarily driven by the increasing adoption of smart home devices and the growing demand for automation in households. The region has a high concentration of affluent consumers, leading to a higher demand for premium service robots. Additionally, the strict regulatory framework in Europe for data privacy and safety standards has influenced the development of service robots with advanced security features. In contrast, in the Middle East, the market is driven by the rising demand for advanced healthcare solutions, leading to the adoption of service robots in hospitals and medical facilities.

Underlying macroeconomic factors: The Consumer service robotics Market within the Robotics Market is greatly affected by macroeconomic factors in EMEA. Factors such as economic stability, government initiatives, and technological advancements play a crucial role in driving market growth. Countries with strong economic performance and favorable regulatory environments, such as Germany and the UK, have witnessed significant growth in the adoption of service robotics for consumer use. On the other hand, regions with economic challenges and limited investment in technology, like some countries in Africa, have slower market growth. Additionally, the increasing demand for automation and labor cost reduction in the service industry is also contributing to the growth of the service robotics market in EMEA.

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.