Service Robotics - Uzbekistan | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$10.47m in 2024.
Consumer service robotics dominates the market with a projected market volume of US$6.67m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.26%, resulting in a market volume of US$13.53m 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.

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Commercial Service Robotics
Consumer Service Robotics

robots used in industrial use cases

The service robotics market in Uzbekistan is facing a minimal decline in growth rate due to factors such as slow adoption of digital technologies, lower health awareness among consumers, and limited availability of online health services. However, with the increasing demand for both commercial and consumer service robotics, the market is expected to experience significant growth in the coming years.

Customer preferences: The service robotics market within the robotics market is witnessing a rise in demand for automation solutions in various industries, such as healthcare and hospitality. This can be attributed to the growing need for contactless and efficient services, driven by changing consumer preferences and evolving lifestyle factors. Additionally, the adoption of service robots is also influenced by the cultural emphasis on cleanliness and hygiene in Uzbekistan, making them a viable solution for businesses and individuals alike.

Trends in the market: In Uzbekistan, the Service robotics Market within the Robotics Market is experiencing a surge in demand for autonomous cleaning robots in industries such as hospitality and healthcare. This trend is expected to continue as businesses seek more efficient and cost-effective solutions. Additionally, there is a growing interest in using service robots for delivery and logistics purposes, with companies investing in research and development to improve their capabilities. These trends have significant implications for industry stakeholders, as they will need to adapt and innovate to meet the changing demands of the market. There is also the potential for increased competition as more players enter the market, driving further advancements in technology and services.

Local special circumstances: In Uzbekistan, the Service robotics Market within the Robotics Market is seeing growth due to the country's focus on modernizing its industries and increasing its use of advanced technology. The government's initiatives to promote innovation and entrepreneurship have also created a favorable environment for the adoption of service robotics. Additionally, the unique geographical location of Uzbekistan, situated at the crossroads of trade routes, provides opportunities for service robotics to cater to diverse industries such as logistics and transportation. Furthermore, the country's growing middle class and changing consumer preferences are driving the demand for service robotics in sectors like retail and healthcare.

Underlying macroeconomic factors: The Service robotics Market within the Robotics Market in Uzbekistan is influenced by macroeconomic factors such as the country's economic growth, government policies and investments, and global economic trends. With a growing economy and favorable regulatory environment, Uzbekistan is witnessing a rise in demand for service robotics in various industries such as healthcare, manufacturing, and logistics. Additionally, the increasing focus on technological advancements and the need for automation to improve efficiency and productivity are also driving the growth of the Service robotics Market in Uzbekistan.

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.