Service Robotics - Romania | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$61.43m in 2024.
Consumer service robotics dominates the market with a projected market volume of US$34.95m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 12.26%, resulting in a market volume of US$109.50m 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 Romania is experiencing slow growth due to factors such as low adoption of digital technologies, limited health awareness among consumers, and lack of convenience in online health services. This is reflected in the negligible growth rate of the market. However, with the emergence of advanced robots and increasing demand for automation in commercial and consumer sectors, the market is expected to witness significant growth in the coming years.

Customer preferences: As the demand for automation and efficiency in various industries grows, there is a notable shift towards service robotics in Romania. This trend is driven by the need for advanced technology solutions to optimize processes and increase productivity. Additionally, the country's aging population and shortage of labor in certain sectors are also contributing to the rise in demand for service robotics. With a focus on improving overall efficiency and reducing costs, businesses are increasingly turning to service robotics for tasks such as cleaning, delivery, and customer service.

Trends in the market: In Romania, the Service robotics Market within the Robotics Market is experiencing a surge in demand due to the increasing adoption of automation in various industries such as manufacturing, healthcare, and retail. This trend is driven by the need for cost-effective solutions, improved efficiency, and enhanced safety. Additionally, there is a growing focus on the development of advanced robotics technologies, such as artificial intelligence and machine learning, to further improve the capabilities of service robots. These trends are expected to continue in the coming years, presenting significant opportunities for industry stakeholders to innovate and expand their offerings. However, they also pose challenges in terms of potential job displacement and the need for regulatory frameworks to ensure ethical and responsible use of service robots.

Local special circumstances: In Romania, the Service robotics market is expected to see significant growth due to the country's increasing focus on automation and digitalization. This is driven by the government's efforts to improve efficiency and reduce costs in various industries, such as manufacturing and healthcare. Additionally, the country's strong IT sector and skilled workforce make it an attractive market for service robotics companies. However, the market may face challenges due to the country's relatively low adoption rate of advanced technologies and limited funding for research and development.

Underlying macroeconomic factors: The Service robotics market in Romania is impacted by macroeconomic factors such as technological advancements, government support, and investment in infrastructure. Countries with favorable regulatory environments and strong investment in service robotics are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Furthermore, the rising demand for automation and efficiency in various industries, coupled with the increasing aging population, is driving the demand for service robotics in Romania. This trend is expected to continue as the country's economy continues to grow and modernize.

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.