Service Robotics - Netherlands

Netherlands

Revenue in the Service Robotics market is projected to reach US$829.80m in 2024.
Commercial service robotics dominates the market with a projected market volume of US$738.70m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.33%, resulting in a market volume of US$1,768.00m by 2029.
In global comparison, most revenue will be generated in the United States (US$8,681.00m in 2024).

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

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Analyst Opinion

The Service robotics market in the Netherlands is seeing slow growth, influenced by factors such as increasing adoption of digital technologies, growing health awareness among consumers, and the convenience of online health services for both commercial and consumer applications. This minimal growth rate may be impacted by economic and regulatory factors, as well as technological advancements and changing consumer preferences.

Customer preferences: The Netherlands has seen a growing interest in service robotics for elderly care and home assistance, driven by an aging population and a desire for more independent living. This trend has been further accelerated by the COVID-19 pandemic, as people seek solutions for remote care and assistance. Additionally, there is a growing demand for service robots in the hospitality industry, as businesses look for ways to reduce human-to-human contact and provide a more hygienic environment for guests. This shift towards service robotics reflects a growing preference for technology-driven solutions in daily life.

Trends in the market: In the Netherlands, the Service robotics market is seeing a surge in demand for collaborative robots (cobots) due to their flexibility and ability to work alongside humans. Additionally, there is a growing trend towards the use of autonomous robots in logistics and warehousing to increase efficiency and reduce labor costs. These trends are significant as they showcase the increasing adoption of robotics in various industries and their potential to transform traditional processes. Industry stakeholders must stay updated with these trends to remain competitive and capitalize on the opportunities presented by the evolving robotics market.

Local special circumstances: In the Netherlands, the Service robotics market is thriving due to the country's strong focus on sustainability and innovation. The government's investment in smart cities and green technology has created a demand for service robots that can assist with tasks such as waste management and energy efficiency. Additionally, the country's aging population has led to a need for robotic solutions in healthcare and elderly care. The Netherlands' progressive regulatory framework and supportive business environment also contribute to the growth of the service robotics market.

Underlying macroeconomic factors: The growth of the Service robotics market in the Netherlands is also influenced by macroeconomic factors such as technological advancements, government support, and investment in automation. The Netherlands has a strong economy and is a major hub for technology and innovation, making it an ideal market for service robotics. Additionally, the increasing demand for efficiency and cost savings in various industries, coupled with the country's aging population, is driving the adoption of service robotics in healthcare, logistics, and other sectors. Furthermore, the government's initiatives to promote sustainable and efficient solutions in industries, such as agriculture, are also contributing to the growth of the service robotics market in the Netherlands.

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.