Market Insights Technology Robotics Service Robotics

Consumer Service Robotics - Mexico

Mexico

Revenue in the Consumer Service Robotics market is projected to reach €19.00m in 2024.
Entertainment service robotics dominates the market with a projected market volume of €15.01m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of -7.27%, resulting in a market volume of €14.05m by 2028.
In global comparison, most revenue will be generated in China (€4,793.00m in 2024).

Key regions: United States, Japan, Italy, Canada, South Korea

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

When thinking of robots in consumer use cases, robotic vacuum cleaners might first come to mind. However, the range of domestic service robots is extensive, including mowing robots, floor-washing robots, ironing robots, and even cat litter robots.

During the COVID-19 pandemic lockdowns, consumers prioritized the maintenance of their households over entertainment devices. This is indicated by the growth rates of the Domestic Service Robotics and Entertainment Service Robotics subsegments. While the entertainment subsegment declined by about 10%, the growth of the domestic service robot revenues only slowed down compared to previous years but still saw an overall increase by around 10% in 2021.

Growth rates are expected to recover after the pandemic but to a lower level than they were at before it, because the effects of the semiconductor shortage and the gradual saturation of the market must be considered.

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.