Consumer Service Robotics - North America

Revenue in the Consumer Service Robotics market is projected to reach US$3.93bn in 2024.
Domestic service robotics dominates the market with a projected market volume of US$2.46bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.74%, resulting in a market volume of US$6.25bn 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 North America is facing a negligible decline in growth due to factors such as slow adoption of digital technologies, low health awareness among consumers, and limited convenience offered by online services. Despite the potential for growth in sub-markets like Domestic and Entertainment Service Robotics, the overall market is struggling to see significant growth.

Customer preferences: As the demand for convenience and efficiency continues to rise, consumers in North America are increasingly turning to consumer service robotics for household tasks such as cleaning, cooking, and pet care. This trend is driven by a combination of factors, including the aging population, busy lifestyles, and the desire for smart home solutions. Additionally, the increasing focus on sustainability and eco-friendliness has led to a rise in demand for robots that can assist with tasks such as recycling and waste management.

Trends in the market: In North America, there is a growing demand for consumer service robotics in the healthcare sector, with the rise of telemedicine services and virtual consultations. This trend is driven by the need for more efficient and accessible healthcare solutions, especially in rural areas. In addition, there is a growing interest in using robotics for household tasks such as cleaning and cooking, as well as in retail and hospitality industries. This trend is expected to continue in the coming years, with potential implications for industry stakeholders such as increased competition and the need for advanced technology and customization to meet consumer demands.

Local special circumstances: In North America, the Consumer service robotics Market within the Robotics Market is largely driven by the region's high adoption of advanced technologies and focus on enhancing the consumer experience. Additionally, the presence of major players in the region, such as Amazon and Google, has further fueled the growth of this market. The region's stringent regulations and strong consumer protection laws have also contributed to the development of innovative and safe service robots. Furthermore, the cultural preference for convenience and efficiency has led to the widespread use of service robots in various industries, such as healthcare, retail, and hospitality.

Underlying macroeconomic factors: The Consumer service robotics Market of the Service robotics Market within the Robotics Market is heavily influenced by macroeconomic factors such as technological advancements, regulatory support, and investment in robotics infrastructure. Countries with favorable regulatory environments and strong investment in robotics technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Furthermore, the increasing demand for automation in various industries and the rising adoption of smart homes and smart cities are driving the growth of the consumer service robotics market in North America.

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.