Consumer Service Robotics - Romania

Revenue in the Consumer Service Robotics market is projected to reach US$34.95m in 2024.
Domestic service robotics dominates the market with a projected market volume of US$21.89m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 14.07%, resulting in a market volume of US$67.49m 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 Romania is seeing minimal growth due to factors such as slow adoption of digital technologies, limited health awareness among consumers, and the lack of convenience offered by online services. The sub-markets of Domestic and Entertainment Service Robotics may also contribute to this slow growth.

Customer preferences: Consumer service robotics is gaining traction in Romania, with a growing demand for automated solutions in various sectors such as healthcare, retail, and hospitality. This trend is driven by the country's aging population, which is increasingly seeking assistance with daily tasks. Additionally, the rise of e-commerce and contactless services due to the pandemic has accelerated the adoption of service robots in the retail and food industry. With a strong focus on efficiency and convenience, Romanian consumers are embracing service robotics as a way to enhance their daily lives.

Trends in the market: In Romania, the Consumer service robotics Market within the Service robotics Market is experiencing a rise in demand for personal assistant robots, particularly for elderly care. This trend is driven by an aging population and a shortage of caregivers. Additionally, there is a growing interest in using service robots for cleaning and security purposes in commercial and residential settings. These developments present opportunities for industry stakeholders to expand their product offerings and tap into a potentially lucrative market. However, concerns over data privacy and security may pose challenges for widespread adoption.

Local special circumstances: In Romania, the Consumer service robotics market is influenced by the country's high adoption of technology and its growing e-commerce industry. With a strong focus on customer service, Romanian companies are investing in service robots to streamline processes and improve customer experience. Additionally, the country's strict data privacy regulations and high internet penetration rate create a conducive environment for the growth of service robotics.

Underlying macroeconomic factors: The demand for consumer service robotics in Romania is largely driven by macroeconomic factors such as technological advancements, regulatory support, and investment in infrastructure. 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 adoption of automation and the growth of the service industry in Romania are creating a greater demand for service robotics to improve efficiency and customer experience.

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.