Service Robotics - Peru | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$24.55m in 2024.
Consumer service robotics dominates the market with a projected market volume of US$17.59m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.97%, resulting in a market volume of US$36.01m 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 Peru has experienced a minimal decline in growth due to factors such as slow adoption of digital technologies, low health awareness among consumers, and limited availability of online health services. These challenges have hindered the market's potential for growth, but with increasing investment and government initiatives, the market is expected to see significant growth in the coming years.

Customer preferences: The demand for service robotics in Peru has been driven by a growing preference for automated and contactless services, especially in the hospitality and retail sectors. This trend is fueled by the country's tech-savvy population, as well as the need for cost-effective solutions to address labor shortages. Additionally, the increasing adoption of e-commerce and delivery services has led to a surge in demand for logistics and delivery robots, as consumers seek faster and more efficient delivery options.

Trends in the market: In Peru, the Service robotics Market within the Robotics Market is experiencing a surge in demand for automated solutions in industries such as manufacturing, healthcare, and logistics. This trend is driven by the increasing need for efficiency and cost-effectiveness, as well as the growing adoption of Industry 4.0 technologies. Additionally, there is a rising demand for service robots in the tourism industry, particularly for tasks such as language translation and customer service. These trends are significant for industry stakeholders as they present opportunities for growth and innovation. However, there may also be implications for job displacement and the need for upskilling and reskilling in the workforce.

Local special circumstances: In Peru, the Service robotics Market within the Robotics Market is influenced by the country's growing economy and increasing investments in automation technology. The government's initiatives to promote innovation and technological advancement have also played a significant role in the market's growth. Additionally, the country's unique geography, with its diverse terrain and varying weather conditions, has led to the development of specialized robots for agriculture and mining operations. Furthermore, the cultural acceptance of technology and the growing demand for efficient and cost-effective solutions have also contributed to the market's expansion in Peru.

Underlying macroeconomic factors: The Service robotics market in Peru is heavily influenced by macroeconomic factors such as the country's overall economic health, government policies, and global economic trends. Peru has experienced steady economic growth in recent years, driven by strong domestic demand, sound macroeconomic policies, and favorable trade conditions. This has created a conducive environment for the adoption of service robotics, as businesses and industries look for ways to improve efficiency and productivity. Additionally, the government has implemented supportive policies, such as tax incentives and funding programs, to encourage the adoption of robotics and automation in various sectors. This, coupled with increasing investment in the country's infrastructure, is expected to drive the growth of the service robotics market in Peru in the coming years.

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.