Service Robotics - Denmark

  • Denmark
  • Revenue in the Service Robotics market is projected to reach €81.80m in 2024.
  • Commercial service robotics dominates the market with a projected market volume of €41.30m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.80%, resulting in a market volume of €85.11m by 2029.
  • In global comparison, most revenue will be generated in the United States (€8,050.00m in 2024).

Key regions: France, United Kingdom, United States, Canada, South Korea

 
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Comparaison de régions
 
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Analyst Opinion

The Service robotics market in Denmark is facing subdued growth due to factors such as slow adoption of digital technologies, lack of health awareness among consumers, and limited convenience offered by online health services. Despite this, the market is expected to experience significant growth in the coming years, driven by advancements in technology and increasing demand for automation in various industries.

Customer preferences:
As Denmark experiences an aging population, there has been a growing demand for assistive service robots in the healthcare sector. This is due to the increasing need for support in daily tasks and maintaining independent living. In addition, there has been a rise in the use of service robots in public spaces, such as airports and shopping centers, for tasks like cleaning and customer service. This trend is driven by the country's strong focus on sustainability and efficiency, as well as the desire to reduce human contact in certain industries.

Trends in the market:
In Denmark, the Service robotics market is experiencing a surge in demand due to the rising adoption of automation and digitalization in various industries. This trend is expected to continue as companies seek to improve efficiency and reduce labor costs. Additionally, the government's initiatives to promote the use of robotics in healthcare, agriculture, and manufacturing are driving market growth. To keep up with this trend, industry players are investing heavily in research and development to create more advanced and versatile service robots. This shift towards automation is expected to have a significant impact on the job market, with potential implications for labor and social policies.

Local special circumstances:
In Denmark, the Service robotics market is experiencing significant growth due to the country's strong focus on sustainability and innovation. The government's investments in research and development, along with its supportive policies for the adoption of robotics, have created a favorable environment for the market. Furthermore, Denmark's high standards of living and aging population have led to a demand for service robots in healthcare and elderly care. Additionally, the country's small size and dense population make it an ideal testing ground for new robotics technologies.

Underlying macroeconomic factors:
The Service robotics Market within the Robotics Market in Denmark is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in industrial automation. Favorable government policies and initiatives, along with a stable economy and strong investment in R&D, are driving the growth of the service robotics market in Denmark. Additionally, the increasing demand for automation in industries such as healthcare, manufacturing, and logistics due to the aging population and rising labor costs is further fueling the growth of the 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
  • Collaborative Robots
  • Price
  • Autonomous mobile robots
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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