The consumer robotics market is segmented by application (domestic task, education, healthcare, and others), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and Middle East and Africa). E-commerce as a platform for product sales is the major consumer robotics market trend that will positively influence the market value.
The consumer robotics market share will value over USD 23,439.8 million by 2027
It is estimated to expand at a CAGR of 26.89% from 2022 to 2027
The consumer robotics market size will witness a YOY growth rate of 25.69% in 2023
Get a peek into the Consumer Robotics Market Analysis Report 2023-2027. Unlock the Sample Report The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 4079.93 Million.
Browse Technavio's 170-page report and in-depth TOC on "Consumer Robotics Market by application (domestic task, education, healthcare, and others), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and Middle East and Africa).
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Introducing products on online platforms reduces the costs of suppliers by more than 25%. In terms of sales growth, e-commerce platforms help companies get feedback from customers about their products for further improvement. Such factors will boost the growth of the global market during the forecast period.
Robotic process automation uses intelligent software to perform large, repetitive processes that take a long time for humans to complete and are often monotonous. With the ability to perform various tasks such as opening and closing an account, making quotes and RFPs, testing and monitoring IT systems, and handling billing and customer service inquiries, such automation is becoming increasingly popular in various business sectors.
Some of the major consumer robotics market vendors are:
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The high cost associated with robotic systems is the major hindrance for market players
The consumer robotics market structure is (fragmented) in nature.
42% of consumer robotics market growth will develop from APAC.
The market growth by the domestic task segment will be significant during 2023-2027.
