Service Robotics Market Size

Service Robotics Market Size

The global service robotics market size was valued at USD 36.1 billion in 2024 and is estimated to grow at CAGR of 17.1% to reach USD 166.6 billion by 2034. The growth of market is attributed to growing shortage of labour, and increasing adoption of robots in sectors such as hospitality, medical, household cleaning.

The increasing demand for automation and need for efficient solutions across industries such as logistics and transportation is driving the demand of service robots market. As the markets worldwide suffer from shortage of labour, there is an increasing demand for automated robotic solutions. According to International Federation of Robotics, the sales of professional services robots for transportation and logistics grew by 35% in 2023.
 

The adoption of service robots in medical and healthcare is also growing significantly. Medical robots support minimally invasive procedures, customized and frequent monitoring for patients with chronic diseases, intelligent therapeutics, and social engagement for elderly patients. These robots can simplify routine tasks, address staffing shortages and challenges by keeping track of inventory and placing timely orders to help make sure supplies, equipment, and medication are in stock. Cleaning and disinfection robots enable hospital rooms to be sanitized and ready for incoming patients quickly, allowing workers to focus on patient-centric, value-driven work.
 

Medical robots can also help surgeons achieve new levels of speed and accuracy while performing complex operations with AI- and computer vision?capable technologies. Some surgical robots may even be able to complete tasks autonomously such as minimally invasive surgeries for the torso, and common orthopaedic surgeries, allowing surgeons to oversee procedures from a console. Such factors are driving the adoption of service robots in the medical sector, further propelling the market growth during the forecast period.
 

According to IFR, the sales of medical robots grew by 36% in 2023 with the highest growth recorded in sales of rehabilitation and non-invasive therapy robots at 128%. Demand for surgical robots rose by 14%, and sales of robots for diagnostics increased by 25%.
 

In domestic consumer robots segment, there is a growing demand for robots that can assist with household tasks such as cleaning, cooking, and gardening. Factors attributed to the high growth of consumer robots are increasing aging population and the increasing need for convenience and efficiency in daily life. According to IFR, the cleaning robots market grew by 4% in 2023, and floor cleaning is the largest application segment of cleaning robots.
 

Companies operating in service robotics industry should explore ways to integrate household robots with smart home technologies, possibly opening up new opportunities for partnerships and collaborations with technology companies and increases the competitiveness of the consumer market.