Consumer Service Robotics - Denmark

  • Denmark
  • Revenue in the Consumer Service Robotics market is projected to reach €40.50m in 2024.
  • Domestic service robotics dominates the market with a projected market volume of €25.85m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.04%, resulting in a market volume of €49.37m 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 Denmark is facing subdued decline, with factors such as slow adoption of digital technologies, lack of awareness among consumers, and limited convenience of online services impacting its growth rate. However, the overall Robotics market in Denmark is expected to experience significant growth, driven by the increasing demand for Domestic and Entertainment Service Robotics.

Customer preferences:
The demand for consumer service robotics in Denmark is experiencing a notable shift, as consumers are increasingly seeking convenient and personalized solutions for household tasks. This is driven by the country's aging population and changing family structures, where there is a growing need for assistance with daily chores and care for elderly relatives. As a result, there is a growing interest in robotic household assistants and virtual home care services, which can cater to individual needs and preferences. This trend is expected to continue as Denmark's population continues to age and the demand for personalized, efficient, and remote solutions increases.

Trends in the market:
In Denmark, there is a growing demand for consumer service robotics, particularly in the healthcare sector. This is driven by an aging population and a shortage of healthcare workers. In addition, there is a trend towards the use of social robots in eldercare facilities to alleviate loneliness and improve social interaction. This trend is expected to continue, with the potential for robots to take on more complex tasks such as medication reminders and physical assistance. This presents opportunities for industry stakeholders to develop innovative solutions and partnerships to meet the changing needs of the Danish market.

Local special circumstances:
In Denmark, the Consumer service robotics Market of the Service robotics Market within the Robotics Market is heavily influenced by the country's strong focus on sustainability and environmental consciousness. This has led to the development of eco-friendly service robots that cater to the growing demand for green solutions. Additionally, Denmark's highly advanced digital infrastructure and tech-savvy population have created a favorable environment for the adoption of consumer service robots, especially in the healthcare and education sectors. Furthermore, the country's strict regulations and high safety standards have also played a significant role in shaping the market dynamics of the service robotics industry in Denmark.

Underlying macroeconomic factors:
The growth of the Consumer service robotics market in Denmark is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in robotics infrastructure. Countries with favorable regulatory environments and strong investment in robotics technologies 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, as well as the aging population in Denmark, are driving the adoption of service robotics solutions to improve service delivery and customer satisfaction.

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.

Visión general

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  • Analyst Opinion
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