Market Insights Technology Robotics Service Robotics

Commercial Service Robotics - Mexico

Mexico

Revenue in the Commercial Service Robotics market is projected to reach €248.70m in 2024.
Agriculture service robotics dominates the market with a projected market volume of €155.30m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 8.00%, resulting in a market volume of €338.30m by 2028.
In global comparison, most revenue will be generated in the United States (€5,091.00m in 2024).

Key regions: Japan, Australia, Germany, United Kingdom, Italy

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Comparación de regiones

Moneda

Analyst Opinion

In terms of the impact of the COVID-19 pandemic on the different Commercial Service Robotics subsegments, Medical Service Robotics was the subsegment that achieved highest growth in 2020.

In addition to highly complex surgical robots, which cost up to US$1 million, the rather less intricate disinfection robots also played an important role during the pandemic. These specialized robots were used to sanitize contagious areas to break the chain of infection.

By contrast, Logistic Service Robotics was the hardest-hit subsegment by the COVID-19 pandemic. Lockdowns disrupted supply chains, causing long queues of container ships, freight trains, and trucks. To reduce their expenses, many logistics companies paused their automation expansion, causing the Logistic Service Robotics revenues to fall by about 20%.

When looking at the future of Commercial Service Robotics, the Other Service Robotics subsegment has the highest expected growth potential. Besides use cases such as defense robots or robots used for construction work, more and more branches will explore the advantages of automated processes to save time and labor force in the future.

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.