Consumer Service Robotics - Mauritius

Revenue in the Consumer Service Robotics market is projected to reach US$1.13m in 2024.
Domestic service robotics dominates the market with a projected market volume of US$591.70k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -7.91%, resulting in a market volume of US$750.80k 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 Mauritius is witnessing a decline in growth rate due to factors such as low consumer awareness and limited technological advancements. However, the market is expected to grow in the future, driven by the increasing demand for domestic and entertainment service robotics, and the convenience they offer to consumers.

Customer preferences: In Mauritius, there is a growing demand for consumer service robotics in various industries such as hospitality, healthcare, and retail. This can be attributed to the increasing preference for contactless and personalized services among consumers. Additionally, the rise in disposable income and the growing adoption of smart technologies have also fueled the demand for service robots. Furthermore, cultural values that prioritize efficiency and convenience have also contributed to the popularity of service robotics in Mauritius.

Trends in the market: In Mauritius, the Consumer service robotics Market is experiencing a surge in demand for robot assistants in various industries, such as healthcare, retail, and hospitality. This trend is driven by the increasing need for contactless services and the rise of the aging population. In addition, the market is witnessing a shift towards advanced technologies, such as artificial intelligence and machine learning, to enhance the capabilities of service robots. This trajectory is significant as it presents opportunities for industry stakeholders to tap into a growing market and cater to changing consumer preferences. However, it also raises concerns about the potential displacement of human workers and the need for regulations to ensure ethical use of these technologies.

Local special circumstances: In Mauritius, the Consumer service robotics Market within the Robotics Market is influenced by the country's small size and high population density. This has led to a demand for compact and efficient service robots, especially in the hospitality and tourism industries. Additionally, the country's strong focus on sustainability and eco-tourism has created opportunities for service robots that can assist in waste management and environmental conservation efforts. The unique cultural mix of Mauritius has also influenced the design and functionality of service robots, with a need for multilingual capabilities to cater to the diverse population. These factors have contributed to the growth and adoption of consumer service robotics in Mauritius.

Underlying macroeconomic factors: The Consumer service robotics Market of the Service robotics Market within the Robotics Market is impacted by macroeconomic factors such as technological advancements, consumer spending, and government policies. Countries with strong investment in robotics research and development, as well as favorable regulatory environments, are experiencing faster market growth. Additionally, the increasing demand for automation and the need to improve efficiency and productivity in various industries are driving the adoption of consumer service robotics, especially in developed countries with high labor costs.

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.