Service Robotics - New Zealand | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$60.34m in 2024.
Consumer service robotics dominates the market with a projected market volume of US$30.41m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.30%, resulting in a market volume of US$98.49m 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 Robotics market in New Zealand, specifically the Service Robotics segment, is experiencing minimal growth due to factors such as limited adoption of digital technologies, low health awareness among consumers, and the lack of convenience offered by online health services. This is particularly evident in the sub-markets of Commercial and Consumer service robotics, where the market growth is impacted by the slow adoption of advanced technologies and the limited availability of skilled labor.

Customer preferences: As New Zealand's population continues to age, there is a growing demand for service robotics in the healthcare sector. This trend is fueled by the need for efficient and cost-effective solutions to assist in elder care and home healthcare services. Furthermore, the country's diverse cultural landscape has led to a rise in the use of culturally appropriate service robots, such as language translation robots, to cater to the needs of non-English speaking individuals.

Trends in the market: In New Zealand, the Service robotics market is seeing a rise in the adoption of collaborative robots, which can work alongside humans and perform tasks that are repetitive or hazardous. This trend is driven by the need for increased efficiency and safety in industries such as manufacturing, healthcare, and logistics. With the country's aging population, there is also a growing demand for service robots in eldercare and home assistance. These developments have significant implications for industry stakeholders, as they provide opportunities for cost savings, improved productivity, and better quality of life for individuals. Additionally, the rise of service robotics is expected to create new jobs and require upskilling of the workforce to operate and maintain these advanced machines.

Local special circumstances: In New Zealand, the Service robotics Market within the Robotics Market is influenced by the country's small but highly advanced economy. The government's focus on innovation and technology has led to a strong demand for service robots in various industries, including healthcare and agriculture. Additionally, the country's remote location and rugged terrain make it an ideal market for robots that can assist with tasks in hard-to-reach areas. Furthermore, the country's strict regulatory environment ensures that only high-quality and safe robotic products are available in the market.

Underlying macroeconomic factors: The Service robotics Market within the Robotics Market in New Zealand is influenced by macroeconomic factors such as technological advancements, government support, and investment in infrastructure. As a developed nation with a stable economy and favorable regulatory environment, New Zealand is experiencing significant growth in the service robotics market. Furthermore, the country's aging population and increasing demand for automation in various industries are driving the adoption of service robotics, leading to a positive market outlook.

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.