Service Robotics - Spain | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$486.70m in 2024.
Consumer service robotics dominates the market with a projected market volume of US$266.90m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.10%, resulting in a market volume of US$718.60m 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 Spain has seen a decline in growth rate due to various factors, including the slow adoption of digital technologies in the Commercial service robotics and Consumer service robotics sub-markets. This is further impacted by low health awareness among consumers and the lack of convenience offered by online health services.

Customer preferences: The rise of automation and the need for contactless services has led to a growing demand for service robotics in Spain. With the aging population and increasing labor costs, consumers are turning to robotic solutions for tasks such as cleaning, delivery, and customer service. This trend is also fueled by the desire for convenience and efficiency in daily tasks. Additionally, the COVID-19 pandemic has accelerated the adoption of service robotics, as it offers a safe and hygienic alternative to human interactions.

Trends in the market: In Spain, the Service robotics Market within the Robotics Market is experiencing a surge in demand for automation solutions in various industries, such as agriculture, healthcare, and logistics. Companies are increasingly adopting robotic systems to improve efficiency and reduce costs. Additionally, there is a growing trend towards collaborative robots, or "cobots," which work alongside humans, providing safer and more flexible solutions. This trend is expected to continue, with the Spanish government investing in research and development to promote the use of robotics in different sectors. This signals significant opportunities for industry stakeholders, including manufacturers, suppliers, and service providers, to tap into the growing market and offer innovative solutions.

Local special circumstances: In Spain, the Service robotics Market is driven by the country's advanced manufacturing industry and its high demand for automation solutions. This is further fueled by the government's focus on promoting Industry 4.0 and the use of robotics in various sectors such as healthcare, logistics, and agriculture. Additionally, Spain's aging population and increasing labor costs are also driving the adoption of service robotics, particularly in the healthcare sector. Furthermore, the country's strong research and development capabilities in robotics and AI are creating a conducive environment for the growth of the Service robotics Market.

Underlying macroeconomic factors: The growth of the Service robotics market in Spain is significantly impacted by macroeconomic factors such as technological advancements, government support, and investment in research and development. Spain's strong focus on innovation and its favorable regulatory environment for robotics are driving the market growth. Additionally, the growing aging population and increasing demand for automation in various industries are also major contributors to the market's expansion. Furthermore, the country's stable economic growth, favorable tax policies, and increasing investments in infrastructure are expected to further drive the demand for service robotics in Spain.

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.