Consumer Service Robotics - United Kingdom

  • United Kingdom
  • Revenue in the Consumer Service Robotics market is projected to reach €0.47bn in 2024.
  • Domestic service robotics dominates the market with a projected market volume of €0.34bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 27.12%, resulting in a market volume of €1.56bn by 2029.
  • In global comparison, most revenue will be generated in China (€5,130.00m in 2024).

Key regions: South Korea, Germany, Japan, Canada, France

 
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Analyst Opinion

The Consumer service robotics market in the United Kingdom is facing a slight decline due to various factors, such as slow adoption of digital technologies, lack of awareness among consumers, and limited convenience offered by online services. However, the sub-markets of Domestic and Entertainment service robotics are expected to drive growth in the overall market.

Customer preferences:
Consumer preferences in the United Kingdom have shifted towards contactless and self-service solutions in response to the COVID-19 pandemic. This has led to an increase in demand for service robots in sectors such as retail and hospitality. Additionally, there has been a growing preference for personalized and interactive experiences, driving the adoption of social robots in areas like entertainment and education. These trends are also influenced by the aging population in the UK, creating a demand for robots that can assist with tasks like household chores and healthcare.

Trends in the market:
In the United Kingdom, there is a growing demand for consumer service robotics, driven by the increasing adoption of automation in industries such as retail, healthcare, and hospitality. This trend is expected to continue as companies seek to improve efficiency and reduce labor costs. Additionally, advancements in artificial intelligence and machine learning are enabling service robots to perform a wider range of tasks, making them more versatile and cost-effective. This trend has significant implications for industry stakeholders, as it presents new opportunities for businesses to enhance their operations and improve customer service. However, it also raises concerns about potential job displacement and the need for regulations to ensure the ethical use of service robotics.

Local special circumstances:
In the United Kingdom, the Consumer service robotics market is driven by the country's aging population and the increasing demand for personalized and at-home care solutions. The government's focus on promoting innovation and the adoption of advanced technologies in healthcare also plays a significant role in the growth of the market. Furthermore, the UK's strict regulations and high standards for healthcare services have created a favorable environment for the development and adoption of service robotics, making it a key market for players in the global service robotics market.

Underlying macroeconomic factors:
The Consumer service robotics Market in the United Kingdom is also impacted by macroeconomic factors such as technological advancements, regulatory 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. Additionally, the increasing demand for automation and efficiency in consumer services, along with the growing aging population, are driving the adoption of service robotics in the UK market.

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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