Consumer Service Robotics - Kazakhstan

Revenue in the Consumer Service Robotics market is projected to reach US$14.10m in 2024.
Domestic service robotics dominates the market with a projected market volume of US$12.80m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 12.42%, resulting in a market volume of US$25.33m 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 Kazakhstan is facing subdued decline due to factors such as slow adoption of digital technologies, lack of awareness among consumers, and limited convenience offered by online services. However, the Domestic and Entertainment sub-markets have potential for growth with increasing demand for household and leisure robots.

Customer preferences: In Kazakhstan, there is a growing demand for consumer service robotics, particularly in the hospitality and healthcare sectors. This is driven by a shift towards personalized and efficient services, as well as the need for contactless interactions in the wake of the COVID-19 pandemic. Additionally, with an aging population and increasing urbanization, there is a rising demand for robotic assistance in home care and household tasks. This trend is likely to continue as consumers prioritize convenience and safety in their daily lives.

Trends in the market: In Kazakhstan, the Consumer service robotics Market of the Service robotics Market within the Robotics Market is experiencing a shift towards automation in the retail and hospitality sectors. This trend is driven by the need for cost efficiency and improved customer experience. Additionally, there is a growing demand for robots in the healthcare industry, particularly for tasks such as patient care and assistance. These trends are expected to continue and have significant implications for industry stakeholders, including increased productivity and improved customer satisfaction.

Local special circumstances: In Kazakhstan, the Consumer service robotics Market is expected to see significant growth due to the country's increasing investment in advanced technologies and its focus on building a digital economy. The market is also driven by a rising demand for automation in various industries, including retail and healthcare. Additionally, the government's initiatives to promote digital transformation and attract foreign investment are creating a favorable environment for the adoption of service robotics. However, the market faces challenges such as limited awareness and acceptance of robotics technology and a shortage of skilled labor.

Underlying macroeconomic factors: The Consumer service robotics Market of the Service robotics Market within the Robotics Market is greatly impacted by macroeconomic factors in Kazakhstan. The country's economic growth, government policies, and investments in technology have a significant influence on the development and adoption of consumer service robotics. In addition, global economic trends, such as the rise of automation and the increasing demand for smart solutions, also contribute to the growth of the market. Moreover, the country's growing population and increasing disposable income are driving the demand for innovative and efficient service robotics solutions, further propelling the market forward.

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.