Consumer Service Robotics - Jordan

  • Jordan
  • Revenue in the Consumer Service Robotics market is projected to reach US$3.77m in 2024.
  • Domestic service robotics dominates the market with a projected market volume of US$3.09m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 34.98%, resulting in a market volume of US$16.89m by 2029.
  • In global comparison, most revenue will be generated in China (US$5,532.00m in 2024).

Key regions: South Korea, Germany, Japan, Canada, France

 
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Analyst Opinion

The Consumer Service Robotics Market in Jordan is experiencing minimal growth, influenced by factors such as slow adoption of digital technologies, limited health awareness among consumers, and low demand for online services. This trend is reflected in the overall Robotics Market in Jordan, where the Domestic and Entertainment sub-markets have also seen a decline in growth. This can be attributed to challenges in scaling and implementing service robotics in Jordan's market.

Customer preferences:
As the use of technology becomes more prevalent in everyday life, consumers in Jordan are increasingly turning to consumer service robotics for convenience and efficiency. This is especially evident in the hospitality and retail industries, where there has been a rise in the adoption of robotic assistants and automated checkout systems. Additionally, with the growing emphasis on contactless interactions due to the pandemic, there has been a surge in demand for service robots in areas such as food delivery and disinfection services. These trends reflect a shift towards a more tech-savvy and health-conscious consumer base in Jordan.

Trends in the market:
In Jordan, there is a rising demand for consumer service robots in various sectors, including healthcare, retail, and hospitality. This trend is driven by the country's increasing focus on technological advancements and the need for efficient and cost-effective services. With the potential to improve customer experience and reduce operational costs, consumer service robots are expected to witness a significant growth trajectory in the coming years. This trend has significant implications for industry stakeholders, as it presents opportunities for innovation and diversification of services, but also poses challenges in terms of job displacement and regulatory frameworks.

Local special circumstances:
In Jordan, the Consumer service robotics Market is influenced by the country's strong focus on technology and innovation. The government has implemented policies and initiatives to promote the adoption of service robots in various industries, such as healthcare and hospitality. Additionally, the country's strategic location and stable economy make it an attractive market for international robotics companies. However, cultural factors, such as the preference for human interaction and the conservative nature of some industries, may slow down the widespread adoption of service robots in the country.

Underlying macroeconomic factors:
The growth of the Consumer service robotics market is also impacted by macroeconomic factors such as technological advancements, government policies, and investment in research and development. Countries with favorable regulatory environments and strong investment in robotics technology are experiencing faster market growth compared to regions with regulatory challenges and limited funding for research and development. Additionally, the increasing demand for automation solutions in various industries and the rise in disposable income in developing countries are driving the demand for consumer service robotics.

Methodology

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.

Overview

  • Revenue
  • Key Players
  • Volume
  • Price
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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