Consumer Service Robotics - Kuwait

Revenue in the Consumer Service Robotics market is projected to reach US$10.68m in 2024.
Domestic service robotics dominates the market with a projected market volume of US$9.20m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.21%, resulting in a market volume of US$11.35m 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 Kuwait is facing a negligible decline in growth rate, influenced by factors such as slow adoption of digital technologies, lack of awareness among consumers, and limited convenience offered by online services. This is especially evident in the sub-markets of Domestic and Entertainment Service Robotics. However, with the increasing demand for automation and efficiency in household and entertainment tasks, the market is expected to pick up pace in the coming years.

Customer preferences: Consumers in Kuwait are becoming more reliant on service robotics for tasks such as cleaning and home maintenance, as well as for entertainment and companionship purposes. This trend is driven by the country's affluent population and their desire for convenience and efficiency. Additionally, the increasing number of expatriates in Kuwait has led to a demand for service robotics that can cater to diverse cultural preferences and languages. As a result, companies are now offering customizable and multilingual service robots to better serve this market.

Trends in the market: In Kuwait, the Consumer service robotics Market of the Service robotics Market within the Robotics Market is experiencing a surge in demand for automated solutions in the retail and hospitality sectors. This trend is driven by the need for efficient and contactless services, as well as the growing adoption of technology in the country. As a result, there is a rise in the development of robotic concierge services, automated checkout systems, and delivery robots. This trend is expected to continue its upward trajectory, as businesses seek to enhance customer experience and streamline operations. It also presents significant opportunities for industry stakeholders, such as robotics manufacturers and service providers.

Local special circumstances: In Kuwait, the Consumer service robotics Market of the Service robotics Market within the Robotics Market is driven by the country's high GDP per capita and its focus on innovation and technology. The market is also influenced by the country's strict consumer protection laws and regulations, which prioritize the safety and security of consumers. Additionally, Kuwait's growing tourism industry has created a demand for service robots in the hospitality sector, leading to the adoption of advanced robotic solutions in hotels and restaurants.

Underlying macroeconomic factors: The rise of consumer service robotics in Kuwait is influenced by various macroeconomic factors, such as the country's economic stability, government policies, and technological advancements. Kuwait's strong economic growth and increasing investments in technology have created a favorable environment for the adoption of service robotics. Additionally, the country's focus on diversifying its economy and reducing its reliance on oil has also opened up opportunities for the service robotics market. Moreover, the growing demand for efficient and cost-effective solutions in the consumer service sector, coupled with the rising disposable income of the population, is expected to drive the growth of the market in Kuwait.

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.