Commercial Service Robotics - Australia

  • Australia
  • Revenue in the Commercial Service Robotics market is projected to reach €449.30m in 2024.
  • Medical service robotics dominates the market with a projected market volume of €188.70m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.52%, resulting in a market volume of €707.90m by 2029.
  • In global comparison, most revenue will be generated in the United States (€4,630.00m in 2024).

Key regions: Italy, Japan, France, United States, China

 
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Analyst Opinion

The Commercial service robotics market in Australia is experiencing subdued growth, influenced by factors such as slow adoption of digital technologies, limited awareness among consumers, and logistical challenges in implementing online services. However, with the increasing demand for automation in industries such as agriculture, logistics, and healthcare, the market is expected to see a steady growth in the coming years. Other factors such as government initiatives and advancements in technology are also likely to drive the market forward.

Customer preferences:
As the service robotics market continues to grow in Australia, there has been a noticeable increase in demand for commercial service robots in various industries, including healthcare, retail, and hospitality. This can be attributed to a shift in consumer preferences, with an emphasis on contactless and efficient services. With the rise of e-commerce and online shopping, there has also been an increase in demand for delivery robots to streamline the last-mile delivery process. Additionally, the aging population in Australia has led to a greater need for robotic assistants in healthcare settings to provide personalized care and support. This trend is likely to continue as consumers prioritize convenience and safety in their interactions with businesses.

Trends in the market:
In Australia, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is experiencing a surge in demand for warehouse automation and logistics solutions. This trend is driven by the rise of e-commerce and the need for efficient and cost-effective order fulfillment processes. Additionally, there is a growing adoption of service robots in the healthcare sector for tasks such as patient care and sanitation. These trends are expected to continue in the coming years, presenting opportunities for industry players to expand their offerings and cater to evolving consumer needs.

Local special circumstances:
In Australia, the Commercial service robotics market is thriving due to the country's advanced technology infrastructure and high adoption of automation in industries such as manufacturing, healthcare, and agriculture. Additionally, the government's support for innovation and investment in research and development has created a favorable environment for service robotics companies to flourish. The unique geography of the country, with large rural areas and vast resources, has also led to the development of specialized robots for mining and agricultural applications. Furthermore, Australia's strict regulatory framework for safety and ethical standards in robotics has instilled trust and confidence in the market, driving its growth.

Underlying macroeconomic factors:
The growth of the Commercial service robotics market in Australia is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investments in the robotics industry. Countries with supportive regulatory environments and strong investment in robotics technology are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for automation and efficiency in various industries, along with the aging population in Australia, is driving the adoption of service robotics to improve productivity and meet the growing demand for services.

Methodology

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.

Vue d’ensemble

  • Revenue
  • Key Players
  • Volume
  • Price
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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