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.
For more information on the data displayed, use the info button right next to the box.
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: Dec 2024
Source: Statista Market 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
The Service Robotics Market in Luxembourg is experiencing subdued growth, influenced by factors such as increasing adoption of digital technologies, rising health awareness among consumers, and the convenience of online health services. These trends are expected to continue driving the market's growth, particularly in the Commercial and Consumer sub-markets. However, challenges such as economic uncertainty and high initial costs may impact the overall growth rate in the near future.
Customer preferences: In Luxembourg, there is a growing demand for service robotics in industries such as healthcare, retail, and logistics. This can be attributed to the aging population and the need for automation and efficiency in these sectors. Additionally, there is a growing focus on sustainability and reducing human labor in these industries, leading to an increase in adoption of service robots. This trend is expected to continue as the country embraces technological advancements and addresses labor shortages.
Trends in the market: In Luxembourg, the Service robotics market is experiencing a rise in demand for collaborative robots, which are able to work alongside humans in a safe and efficient manner. In addition, there is a growing trend towards the use of service robots in healthcare settings, such as assisting with patient care and medication management. These trends are significant for industry stakeholders as they offer potential cost savings and increased efficiency. However, there may also be implications for the workforce, as the use of service robots may lead to job displacement in certain industries.
Local special circumstances: In Luxembourg, the Service robotics Market within the Robotics Market is thriving due to the country's strong economy and high level of technological advancement. The government has implemented favorable policies to support the growth of the robotics industry, making it an attractive market for both local and international players. Additionally, the country's small size and high population density create a unique demand for service robots, particularly in the healthcare and retail sectors. Furthermore, the country's strong focus on sustainability and environmental consciousness has also led to a rise in demand for service robots in industries such as agriculture and waste management.
Underlying macroeconomic factors: The growth of the Service robotics market in Luxembourg is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. As a highly developed and stable economy, Luxembourg offers a favorable regulatory environment and strong support for innovation, making it an ideal location for the development and adoption of service robotics. Furthermore, the country's aging population and high demand for automation in various industries, such as healthcare and logistics, are also driving the market growth for service robotics in Luxembourg. These factors, coupled with the country's strong financial stability and investments in infrastructure, are expected to continue fueling the growth of the service robotics market in Luxembourg.
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: Jan 2025
Source: Statista Market Insights
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