Commercial Service Robotics - Sweden

  • Sweden
  • Revenue in the Commercial Service Robotics market is projected to reach €162.00m in 2024.
  • Medical service robotics dominates the market with a projected market volume of €75.71m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 15.94%, resulting in a market volume of €339.40m 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 Sweden is experiencing moderate growth, driven by factors such as increasing demand for automation in industries, growing emphasis on efficiency and productivity, and advancements in technology. However, the market is facing challenges such as high costs and lack of skilled labor. This has resulted in a mild growth rate for the overall Service robotics market in Sweden.

Customer preferences:
Consumers in Sweden are increasingly drawn towards utilizing commercial service robotics for tasks such as cleaning and delivery, driven by a growing demand for convenience and efficiency. This trend is further fueled by the country's aging population and a shortage of skilled labor. Additionally, there is a cultural preference for technology that simplifies daily tasks, making service robots an appealing option for many. As a result, the commercial service robotics market in Sweden is expected to continue its upward trend in the coming years.

Trends in the market:
In Sweden, the Commercial service robotics Market is experiencing a surge in demand for robots in the healthcare sector. Robotic assistants are being utilized in hospitals and nursing homes to assist with tasks like patient care and medication management. Additionally, there is a growing trend of using robots in retail and hospitality industries for tasks like cleaning and customer service. This shift towards automation is expected to increase efficiency and decrease labor costs for businesses. However, there are concerns about potential job displacement and the need for training and upskilling of workers to adapt to this new technology. Overall, the rise of service robotics in Sweden signifies a significant shift towards a more automated and technologically advanced society.

Local special circumstances:
In Sweden, the Commercial service robotics Market is thriving due to the country's strong emphasis on innovation and sustainability. The government's push for green technology and renewable energy has created a favorable environment for the adoption of service robotics in various industries. Additionally, the country's high level of digitalization and advanced manufacturing capabilities have enabled the development of sophisticated and efficient service robots. Sweden's progressive and open approach to robotics has also attracted global players to establish a presence in the market. These factors, combined with a strong focus on research and development, contribute to the dynamic and rapidly growing Commercial service robotics Market in Sweden.

Underlying macroeconomic factors:
The Commercial service robotics Market within the Robotics Market is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in research and development. Countries with strong economic growth and supportive policies for service robotics are experiencing faster market growth compared to regions with limited government support and funding. Additionally, the increasing demand for automation and efficiency in industries such as manufacturing, healthcare, and logistics is driving the adoption of service robotics, especially in countries with a strong focus on innovation and digital transformation.

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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