Consumer Service Robotics - New Zealand

Revenue in the Consumer Service Robotics market is projected to reach US$30.41m in 2024.
Domestic service robotics dominates the market with a projected market volume of US$18.02m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.51%, resulting in a market volume of US$47.89m 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.

For more information on the data displayed, use the info button right next to the box.

Domestic Service Robotics
Entertainment Service Robotics

Commercial Service Robotics

The Consumer Service Robotics market in New Zealand is experiencing minimal decline in growth rate, influenced by factors such as the increasing adoption of digital technologies, growing health awareness among consumers, and the convenience offered by online health services. These factors are driving the overall growth of the Service Robotics market within New Zealand's Robotics market, with Domestic and Entertainment sub-markets playing a significant role.

Customer preferences: As digitalization continues to revolutionize the service industry, consumers in New Zealand are increasingly turning to service robotics for convenience and efficiency. This trend is driven by cultural norms that prioritize convenience and the growing aging population, which creates a demand for assistive robots in healthcare and home assistance. Additionally, the rise of e-commerce has led to a surge in demand for delivery robots, catering to the busy lifestyle of consumers.

Trends in the market: In New Zealand, the Consumer service robotics Market within the Robotics Market is experiencing a surge in demand for robotic solutions in the healthcare sector. This trend is driven by the aging population and the need for more cost-effective and efficient healthcare services. Additionally, there is a growing emphasis on using robotics for tasks such as cleaning, delivery, and customer service in various industries. This trend is expected to continue, with the potential to significantly impact the labor market and stimulate economic growth in the country.

Local special circumstances: In New Zealand, the Consumer service robotics Market within the Robotics Market is primarily driven by the country's strong focus on sustainability and environmental protection. The government has implemented regulations promoting the use of clean energy and reducing carbon emissions, leading to a demand for service robots that can perform tasks such as waste management and energy efficiency monitoring. Additionally, the country's aging population has created a need for service robots to assist with elderly care, driving market growth.

Underlying macroeconomic factors: The growth of the Consumer service robotics market in New Zealand is primarily driven by macroeconomic factors such as technological advancements, favorable regulatory environment, and increasing investment in robotics infrastructure. These factors have created a conducive environment for the adoption of service robotics in various industries, leading to the growth of the market. Additionally, the country's stable economy and favorable fiscal policies have also contributed to the market's growth by providing a supportive business environment for service robotics companies. Furthermore, the rising demand for automation and efficiency in consumer services, coupled with the increasing aging population, has further boosted the demand for service robotics in New Zealand.

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.