Service Robotics - Germany | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$3.25bn in 2024.
Commercial service robotics dominates the market with a projected market volume of US$2.02bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 12.88%, resulting in a market volume of US$5.95bn by 2029.
In global comparison, most revenue will be generated United States (US$8.68bn in 2024).

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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Commercial Service Robotics
Consumer Service Robotics

robots used in industrial use cases

The Service Robotics Market in Germany is facing a slight decline in growth rate due to factors such as economic instability and high costs of implementation. However, the rising demand for automation and efficiency in commercial and consumer sectors is expected to drive the overall market growth in the coming years. Additionally, the increasing adoption of digital technologies in the country is also contributing to the expansion of the Service Robotics Market in Germany.

Customer preferences: As Germany's aging population continues to grow, there is a growing demand for service robotics in the healthcare sector. This trend is driven by the need for efficient and cost-effective care solutions, as well as a desire for personalized and convenient services. Additionally, the rise of smart home technology and the integration of AI in daily life has led to an increased interest in service robots for household tasks and assistance. This shift towards technology-enabled services reflects the evolving lifestyle and preferences of modern German consumers.

Trends in the market: In Germany, the Service robotics Market within the Robotics Market is witnessing a surge in demand for collaborative robots, also known as cobots. These robots are designed to work alongside humans, enhancing efficiency and safety in various industries such as manufacturing, healthcare, and logistics. Additionally, there is a growing trend towards using artificial intelligence and machine learning in service robots, enabling them to perform more complex tasks and adapt to changing environments. This trend is expected to continue, with the market for service robots projected to grow significantly in the coming years. This presents a significant opportunity for industry stakeholders to invest in research and development, as well as partnerships and collaborations, to stay competitive in the evolving market.

Local special circumstances: In Germany, the Service robotics market is driven by the country's strong manufacturing and automotive industries. With a high demand for automation and efficiency in production processes, there is a growing need for advanced robotics solutions. Additionally, Germany's strict regulations on labor and safety standards have led to the adoption of service robots in industries such as healthcare and retail. Moreover, the country's aging population has created a demand for assistive robots, especially in the healthcare sector, to support the elderly and improve their quality of life.

Underlying macroeconomic factors: The Service robotics Market within the Robotics Market in Germany is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in automation 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 for automation. Additionally, the increasing demand for efficient and cost-effective solutions in various industries, along with the aging population in Germany, is driving the adoption of service robotics to enhance productivity and improve overall economic performance.

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.