Consumer Service Robotics - Ireland

Revenue in the Consumer Service Robotics market is projected to reach US$45.63m in 2024.
Domestic service robotics dominates the market with a projected market volume of US$43.11m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.92%, resulting in a market volume of US$69.96m 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 Ireland is facing a negligible decline in growth rate, influenced by factors such as slower adoption of digital technologies, limited health awareness among consumers, and challenges in providing convenient online services. This trend is evident in the sub-markets of Domestic Service Robotics and Entertainment Service Robotics, where the demand for these services is not as high as expected. However, with the increasing focus on technological advancements and rising consumer demand for convenience, the market is expected to grow in the coming years.

Customer preferences: In Ireland, the Consumer service robotics Market within the Service robotics Market is experiencing a rise in demand for home automation and smart appliances, driven by the growing trend of connected living. This is influenced by the country's strong tech-savvy culture and increasing adoption of smart home solutions. Additionally, there has been a shift towards personalized and on-demand services, with consumers seeking out robots for tasks such as cleaning and home security. This is fueled by changing lifestyles, including the rise of dual-income households and the need for time-saving solutions.

Trends in the market: In Ireland, the Consumer service robotics Market within the Service robotics Market is experiencing a surge in demand for home cleaning and personal assistance robots. This trend is expected to continue as the aging population increases, creating a need for robotic solutions to assist with daily tasks. Additionally, there is a growing interest in social robots for companionship and assistance in healthcare settings. These trends highlight the potential for further integration of service robotics in Irish society, leading to increased efficiency and improved quality of life for consumers.

Local special circumstances: In Ireland, the Consumer service robotics Market is heavily influenced by the country's strong tech industry and high demand for advanced automation solutions. The market is also shaped by Ireland's favorable business environment and government support for innovation and research. Additionally, the country's small size and dense population make it an ideal testing ground for new service robotics technologies. These factors contribute to Ireland's unique position as a leader in the European Service robotics Market, attracting international players and driving market growth.

Underlying macroeconomic factors: The Consumer service robotics Market within the Robotics Market is also affected by macroeconomic factors such as technological advancements, consumer spending, and government policies. Countries with strong investment in research and development, favorable consumer spending patterns, and supportive government policies are experiencing higher growth in the market. On the other hand, regions with limited consumer spending and weak government support are facing challenges in the adoption of service robotics. Additionally, the increasing demand for automation and efficiency in service industries is driving the growth of the consumer service robotics market.

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.