Consumer Service Robotics - Peru | Statista Market Forecast

Revenue in the Consumer Service Robotics market is projected to reach US$17.59m in 2024.
Domestic service robotics dominates the market with a projected market volume of US$15.51m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.63%, resulting in a market volume of US$30.49m 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 Peru is witnessing steady growth, driven by factors such as increasing adoption of digital technologies, growing health awareness among consumers, and the convenience offered by online health services. Despite a minimal decline in growth rate, this market is impacted by various factors, including the sub-markets of Domestic and Entertainment Service Robotics, which contribute to the overall market's performance.

Customer preferences: In Peru, there has been a growing demand for consumer service robotics, particularly in the hospitality and retail industries. This can be attributed to the country's booming tourism sector and the increasing use of technology in customer service. Additionally, as the population ages, there is a growing need for assistive robots to support independent living and elder care. This trend is also seen in other Latin American countries, where there is a strong cultural emphasis on family and caregiving. As a result, service robotics companies are focusing on developing culturally-sensitive and user-friendly robots to cater to the needs of this market.

Trends in the market: In Peru, the Consumer service robotics Market within the Service robotics Market of the Robotics Market is experiencing a surge in demand for automated retail and delivery services. This trend is driven by the increasing adoption of e-commerce and the need for contactless delivery options amidst the COVID-19 pandemic. Additionally, there is a growing interest in using robots for customer service and hospitality in the country's tourism industry. These developments are expected to have a significant impact on the market, leading to increased investment and innovation in the service robotics sector.

Local special circumstances: In Peru, the Consumer service robotics Market of the Service robotics Market within the Robotics Market is influenced by the country's rapidly growing e-commerce sector and the increasing demand for automation in industries such as agriculture and mining. Additionally, Peru's government has implemented policies to promote the use of robotics in various sectors, creating a favorable environment for the growth of the service robotics market. Moreover, Peruvian consumers have shown a high willingness to adopt new technologies, making it a promising market for service robotics companies.

Underlying macroeconomic factors: The Consumer service robotics Market in Peru is significantly affected by macroeconomic factors such as the country's economic stability, government policies, and technological advancements. With the growing demand for automation and efficiency in various industries, Peru's stable economic conditions and favorable regulatory environment make it an attractive market for service robotics. Additionally, the country's increasing investment in healthcare infrastructure and the rise of chronic diseases and aging population are driving the demand for consumer service robotics to improve healthcare access and outcomes.

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.