Service Robotics - Italy | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$825.30m in 2024.
Commercial service robotics dominates the market with a projected market volume of US$615.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.62%, resulting in a market volume of US$1.19bn 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 Italy is facing minimal decline in growth rate due to factors such as slow adoption of digital technologies in certain sub-markets, lack of health awareness among consumers, and limited convenience offered by online services. However, with the rising demand for automation and efficiency in commercial and consumer sectors, the service robotics market is expected to experience significant growth in the coming years.

Customer preferences: As the demand for automation and efficiency continues to rise in Italy, there is a growing interest in service robotics for various industries, including healthcare, retail, and hospitality. With a strong emphasis on convenience and personalized experiences, Italian consumers are increasingly turning to service robots for tasks such as food delivery, customer service, and even companionship. This trend is driven by the country's aging population and the need for innovative solutions to address labor shortages in certain sectors. Additionally, with the rise of smart homes and digital assistants, Italian consumers are becoming more comfortable with the integration of robotics in their daily lives.

Trends in the market: In Italy, the Service robotics Market within the Robotics Market is observing an increasing demand for collaborative robots, also known as cobots. These robots are designed to work alongside humans, enhancing productivity and reducing human errors. Additionally, there is a growing trend of implementing artificial intelligence and machine learning in service robots, enabling them to perform more complex tasks and adapt to changing environments. This trend is significant as it allows for more efficient and personalized services, leading to improved customer satisfaction. Industry stakeholders should keep an eye on the trajectory of this trend as it has the potential to revolutionize the service sector and create new opportunities for growth and innovation.

Local special circumstances: In Italy, the Service robotics market is heavily influenced by the country's strong industrial base and advanced technology infrastructure. This has led to a high demand for automation solutions, particularly in the manufacturing sector. Additionally, the aging population in Italy has created a need for assistive robots in healthcare and home assistance, driving growth in the service robotics market. However, strict regulations on data privacy and safety standards in the country have posed challenges for the adoption of service robots, requiring companies to tailor their offerings to meet local requirements.

Underlying macroeconomic factors: The Service robotics Market within the Robotics Market in Italy is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in industrial infrastructure. Countries with favorable regulatory environments and strong investment in service robotics technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for automation and efficiency in industries such as manufacturing, healthcare, and logistics is driving the growth of the market in Italy.

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.