Consumer Service Robotics - United Kingdom

Revenue in the Consumer Service Robotics market is projected to reach US$504.00m in 2024.
Domestic service robotics dominates the market with a projected market volume of US$370.20m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 27.00%, resulting in a market volume of US$1.67bn 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 the United Kingdom is facing a slight decline due to various factors, such as slow adoption of digital technologies, lack of awareness among consumers, and limited convenience offered by online services. However, the sub-markets of Domestic and Entertainment service robotics are expected to drive growth in the overall market.

Customer preferences: Consumer preferences in the United Kingdom have shifted towards contactless and self-service solutions in response to the COVID-19 pandemic. This has led to an increase in demand for service robots in sectors such as retail and hospitality. Additionally, there has been a growing preference for personalized and interactive experiences, driving the adoption of social robots in areas like entertainment and education. These trends are also influenced by the aging population in the UK, creating a demand for robots that can assist with tasks like household chores and healthcare.

Trends in the market: In the United Kingdom, there is a growing demand for consumer service robotics, driven by the increasing adoption of automation in industries such as retail, healthcare, and hospitality. This trend is expected to continue as companies seek to improve efficiency and reduce labor costs. Additionally, advancements in artificial intelligence and machine learning are enabling service robots to perform a wider range of tasks, making them more versatile and cost-effective. This trend has significant implications for industry stakeholders, as it presents new opportunities for businesses to enhance their operations and improve customer service. However, it also raises concerns about potential job displacement and the need for regulations to ensure the ethical use of service robotics.

Local special circumstances: In the United Kingdom, the Consumer service robotics market is driven by the country's aging population and the increasing demand for personalized and at-home care solutions. The government's focus on promoting innovation and the adoption of advanced technologies in healthcare also plays a significant role in the growth of the market. Furthermore, the UK's strict regulations and high standards for healthcare services have created a favorable environment for the development and adoption of service robotics, making it a key market for players in the global service robotics market.

Underlying macroeconomic factors: The Consumer service robotics Market in the United Kingdom is also impacted by macroeconomic factors such as technological advancements, regulatory support, and investment in infrastructure. Countries with favorable regulatory environments and strong investment in service robotics are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for automation and efficiency in consumer services, along with the growing aging population, are driving the adoption of service robotics in the UK market.

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.