Key regions: South Korea, Germany, Japan, Canada, France
The Consumer Service Robotics market in Portugal is experiencing a minimal decline in growth rate, impacted by factors such as the slow adoption of digital technologies, low health awareness among consumers, and limited convenience offered by online health services. However, the sub-markets of Domestic Service Robotics and Entertainment Service Robotics show potential for growth in the overall Service Robotics Market within the Robotics Market.
Customer preferences: In Portugal, there has been a notable increase in the adoption of consumer service robotics, driven by a growing preference for automated and contactless services. This trend is particularly evident in the hospitality and retail sectors, where robots are being used to assist with tasks such as cleaning, delivery, and customer service. Additionally, the aging population in Portugal has also contributed to the demand for service robots, as they provide support for daily tasks and companionship for the elderly. This shift towards automation and advanced technology is indicative of the country's embrace of innovation in improving efficiency and enhancing the overall consumer experience.
Trends in the market: In Portugal, there is a growing demand for consumer service robotics, as businesses and individuals seek to automate tasks and improve efficiency. This trend is expected to continue, with the market projected to grow at a CAGR of 22% from 2021 to 2026. This growth is driven by the increasing adoption of AI and machine learning technologies, which enable robots to perform complex tasks and interact with humans in a more natural way. This trend has significant implications for industry stakeholders, as it presents opportunities for innovation and cost savings, but also raises concerns about job displacement and ethical considerations. Furthermore, the rise of remote work and contactless service due to the COVID-19 pandemic has accelerated the demand for service robotics, making it a key area of focus for businesses and investors in Portugal.
Local special circumstances: In Portugal, the Consumer service robotics market is influenced by the country's strong focus on tourism and hospitality. With a booming tourism industry, there is a growing demand for service robots in hotels, restaurants, and other tourist hotspots. Additionally, the country's aging population has also led to an increased interest in robotics for elderly care. This unique combination of factors has created a niche market for service robotics in Portugal, with companies developing specialized solutions to cater to the specific needs of the local market.
Underlying macroeconomic factors: The growth of the Consumer service robotics market in Portugal is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in the robotics industry. Countries with favorable regulatory environments and strong investment in service robotics technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for automation and efficiency in consumer service industries, along with the rising aging population, are driving the adoption of service robotics solutions in Portugal.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
