Service Robotics - Morocco | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$17.52m in 2024.
Consumer service robotics dominates the market with a projected market volume of US$11.89m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.19%, resulting in a market volume of US$37.10m 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.

For more information on the data displayed, use the info button right next to the box.

Commercial Service Robotics
Consumer Service Robotics

robots used in industrial use cases

The service robotics market in Morocco is facing subdued decline due to various factors such as slow adoption of digital technologies, limited health awareness among consumers, and lack of convenience in online health services. This has impacted the overall market's growth rate, despite the potential for growth in both commercial and consumer sub-markets.

Customer preferences: In Morocco, there is a growing interest in service robots for household tasks, such as cleaning and cooking, as a means to alleviate the burden of domestic work. This trend is fueled by a cultural emphasis on hospitality and the value placed on free time for socializing and leisure activities. Additionally, an aging population and a rise in dual-income households are contributing to the demand for service robotics, as they offer convenience and support for daily tasks.

Trends in the market: In Morocco, the Service robotics Market within the Robotics Market is experiencing a growing trend of using service robots in various industries such as healthcare, retail, and hospitality. This is driven by the need for automation, cost-efficiency, and improved customer experience. The trajectory of this trend is expected to continue as more companies invest in service robots for their operations. This has significant implications for industry stakeholders, as it could lead to increased productivity, reduced labor costs, and improved service quality. However, it also raises concerns about potential job displacement and the need for retraining the workforce to work alongside service robots.

Local special circumstances: In Morocco, the Service robotics Market within the Robotics Market is growing rapidly due to the country's strategic location as a gateway to both Europe and Africa. The government has implemented policies to promote the adoption of robotics and automation in industries such as manufacturing, healthcare, and agriculture. Additionally, the cultural emphasis on hospitality and service has led to a high demand for service robots in the tourism and hospitality sector. The country's stable political and economic environment also creates a conducive market for service robotics, attracting foreign investments and partnerships.

Underlying macroeconomic factors: The Service robotics Market within the Robotics Market in Morocco is significantly impacted by macroeconomic factors such as technological advancements, government policies and investments, and the overall health of the national economy. As a developing country, Morocco has been witnessing a steady rise in investments in robotics and automation, particularly in the healthcare sector. This trend is expected to continue as the country continues to focus on modernizing its infrastructure and improving its economic performance. Furthermore, the increasing demand for healthcare services due to the aging population and the prevalence of chronic diseases is also driving the growth of the Service robotics Market in Morocco. Overall, the country's favorable regulatory environment and strong investment in healthcare infrastructure are key factors contributing to the growth of the Service robotics Market within the Robotics Market in Morocco.

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.