Definition:
The Service Robotics market presents the market size of robotics in service use cases, e.g., commercial service robots or consumer service robots. Service robots are intended for personal or professional use and are designed to assist humans in carrying out certain tasks.
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.
Structure :
The Commercial Service Robotics and Consumer Service Robotics markets can be found within the Service Robotics market. The Commercial Robotics market is further split into a range of service industries that have the highest adoption of robots. This includes agriculture service robotics, logistics service robotics, medical service robotics, and all other service industries, which are all covered by the Other Industry Robotics market.
Additional information:
The market comprises revenues, volume, and the 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 robot. 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 Intuitive Surgical, ABB, and iRobot.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Aug 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Aug 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Mar 2024
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Company Insights
Most recent update: Aug 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Aug 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
The European service robotics market is facing a minimal decline in growth due to factors such as slow adoption of digital technologies, limited consumer health awareness, and challenges in implementing online services. However, the market is expected to rebound with the increasing demand for automation and technological advancements.
Customer preferences: The rise in aging populations across Europe has led to a growing demand for service robotics in healthcare, particularly in the areas of elder care and assisted living. As the need for personalized and affordable care increases, service robots are being developed to assist with tasks such as medication management, daily chores, and companionship. This trend is driven by the desire for more efficient and accessible healthcare options, as well as the cultural value placed on aging with dignity and independence.
Trends in the market: In Europe, the Service robotics Market within the Robotics Market is experiencing a surge in the adoption of collaborative robots or "cobots" in manufacturing and logistics industries. This trend is driven by the need for flexible and efficient automation solutions, particularly in the face of labor shortages and increasing demand for customization. The trajectory of this trend is expected to continue, with cobots becoming more affordable and versatile, leading to their integration into various sectors such as healthcare, agriculture, and retail. This trend also presents opportunities for industry stakeholders to tap into new markets and develop innovative applications for collaborative robots.
Local special circumstances: In Europe, the Service robotics market is thriving due to the region's strong focus on sustainability and efficiency. With strict regulations in place for environmental protection, there is a growing demand for robots that can automate processes and reduce carbon footprint. Additionally, the culturally diverse nature of Europe has led to a variety of unique use cases for service robots, such as companion robots for the elderly and socially assistive robots for individuals with disabilities. These factors have contributed to the rapid growth of the Service robotics market in Europe, setting it apart from other regions in the global Robotics market.
Underlying macroeconomic factors: The Service robotics Market within the Robotics Market is heavily impacted by macroeconomic factors, such as technological advancements, government policies, and investments in research and development. Countries with strong economies and favorable regulatory environments, such as Germany and the United Kingdom, are driving the growth of the market. Additionally, the increasing demand for automation and efficiency in industries like healthcare, logistics, and manufacturing is also fueling the growth of the service robotics market in Europe. The presence of a large aging population in Europe is also a major factor driving the demand for service robots in the healthcare sector to provide assistance and support for the elderly.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Aug 2024
Source: Statista Market Insights
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights