Market Size of Europe Service Robots Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 14.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Service Robots Market Analysis
The European Service Robots Market is expected to register a CAGR of around 14% during the forecast period 2021 - 2026. Europe is one of the big markets for service robotics. The market for service robotics is increasing across many sectors that it can be used in. Autonomous robots can make their own decisions in real-time and in unpredictable environments to perform specific tasks. Service robots are generally used for tasks that are dangerous, dull, dirty, or dumb.
- Europe is a leader in the service robotics market for field robotics, logistics, and construction. The usage of robotics in this market is varied and is also used in professional cleaning.
- The military application of service robotics is high in the professional use of service robotics. In defense, both manned and unmanned types of robots are used. In unmanned use, drones are very common. The use of drones has increased in the battlegrounds for a few years. They are being used for intelligence, surveillance, and reconnaissance missions and have helped the soldiers on the ground and sitting far away to plan their next move.
- The German market is one of the big markets for robotics and is estimated to grow more in the period to come. Other markets like Spain, Italy, and the UK will also grow to become major players in the service robotics market in the years to come.
- European service robot manufacturers play an important role in the global market as about 290 out of the 700 registered companies supplying service robots come from Europe, according to IFR.
- Moreover, the labor shortage in Europe was one of the driving factors for the use of service robots during the COVID-19 pandemic. For instance, UVD Robots, Danish manufacture of ultraviolet-light-disinfection robots, shipped hundreds of machines to hospitals in China and Europe.
