Consumer Service Robotics - Slovenia

Revenue in the Consumer Service Robotics market is projected to reach US$5.29m in 2024.
Domestic service robotics dominates the market with a projected market volume of US$4.24m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 13.57%, resulting in a market volume of US$10.01m 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 Slovenia is facing subdued decline, influenced by factors such as slow adoption of digital technologies, limited health awareness among consumers, and lack of convenience in online health services. Despite being a part of the thriving Robotics Market, the sub-markets of Domestic and Entertainment Service Robotics have not been able to drive significant growth in the overall market due to these challenges. This has resulted in a sluggish growth rate for the Consumer service robotics market in Slovenia.

Customer preferences: With the rise of digitalization and increased focus on efficiency, consumers in Slovenia are increasingly turning to service robotics for tasks such as cleaning, cooking, and personal assistance. This trend is driven by the growing aging population and the need for in-home care. Additionally, the younger generation is more open to adopting these technologies, reflecting a shift towards a more tech-savvy and convenience-oriented mindset. This presents opportunities for companies to develop innovative solutions that cater to the specific needs and preferences of Slovenian consumers.

Trends in the market: In Slovenia, the Consumer service robotics Market is experiencing a rise in demand for robotic appliances, such as robotic vacuum cleaners and lawn mowers, to aid in household tasks. This trend is expected to continue as consumers value convenience and efficiency in their daily lives. Additionally, there is a growing interest in using service robots in the healthcare sector, particularly for elderly care and rehabilitation purposes. These developments have significant implications for industry stakeholders, as they must adapt to the changing consumer preferences and invest in innovative technologies to remain competitive in the market.

Local special circumstances: In Slovenia, the Consumer service robotics Market of the Service robotics Market within the Robotics Market is influenced by the country's advanced digital infrastructure and high-tech manufacturing capabilities. This has led to a growing demand for advanced service robots in industries such as healthcare, hospitality, and retail. Additionally, Slovenia's location in central Europe makes it a strategic market for companies looking to expand their presence in the region. The country's strong focus on sustainability and innovation also creates opportunities for the development of eco-friendly and socially responsible service robots.

Underlying macroeconomic factors: The growth of the Consumer service robotics market is also influenced by macroeconomic factors such as technological advancements, changing consumer preferences, and government support. Countries with advanced technological infrastructure and favorable regulatory environments are experiencing higher market growth compared to regions with limited technological capabilities and regulatory challenges. Furthermore, the increasing demand for efficient and personalized services, coupled with the aging population in many countries, is driving the adoption of consumer service robotics to enhance quality of life and meet growing service demands.

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.