Key regions: South Korea, Germany, Japan, Canada, France
The Consumer service robotics market within the Robotics market in Thailand is facing a negligible decline in growth, influenced by factors such as slow adoption of digital technologies, lack of health awareness among consumers, and limited convenience of online health services. This trend is particularly evident in the sub-markets of Domestic Service Robotics and Entertainment Service Robotics, where the demand for advanced technologies is still low.
Customer preferences: The consumer service robotics market in Thailand is seeing a rise in demand for automated solutions that cater to the growing aging population. This can be attributed to the country's rapidly aging population and a shortage of healthcare workers. As a result, there is an increasing focus on developing service robots that can assist with daily tasks, such as cleaning and companionship. Additionally, there is a growing trend towards personalized and interactive robots that can provide a sense of companionship and emotional support to individuals. This trend is driven by the desire for improved mental health and well-being, as well as the cultural emphasis on respecting and caring for the elderly.
Trends in the market: In Thailand, the Consumer service robotics Market of the Service robotics Market within the Robotics Market is experiencing a surge in demand for delivery robots, as they provide contactless delivery options during the COVID-19 pandemic. This trend is expected to continue as consumers become more accustomed to the convenience and safety of delivery robots. Additionally, there is a growing interest in service robots for hospitality and tourism industries, as they offer a cost-effective solution for tasks such as cleaning, security, and customer service. These trends signal a shift towards automation and digitization in Thailand's service sector, which could lead to improved efficiency, cost savings, and enhanced customer experience.
Local special circumstances: In Thailand, the Consumer service robotics Market within the Robotics Market is influenced by the country's strong manufacturing and tourism industries. This has led to a demand for service robots in hotels, restaurants, and other service-oriented businesses. Additionally, the Thai government has implemented regulations and policies to promote the use of robotics in various industries, providing a favorable environment for growth in the market. The country's unique cultural values, such as a preference for personal interactions, also play a role in shaping the market dynamics, as businesses must balance the use of robots with maintaining a human touch in their services.
Underlying macroeconomic factors: The growth of the Consumer service robotics market is also influenced by macroeconomic factors such as technological advancements, government support, and investment in automation infrastructure. Countries with favorable regulatory environments and strong investment in automation technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Furthermore, the rising demand for improved customer service and cost-effective solutions is driving the adoption of service robotics in various industries, particularly in the fast-growing economies of Southeast Asia.
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.
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