Robotics - D-A-CH

D-A-CH

Revenue in the Robotics market is projected to reach US$5.33bn in 2024.
Service robotics dominates the market with a projected market volume of US$4.17bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.35%, resulting in a market volume of US$8.72bn by 2029.
In global comparison, most revenue will be generated in the United States (US$9,421.00m in 2024).

Key regions: United States, China, South Korea, Japan, Germany

Definition:

The Robotics market refers to the industry that encompasses the design, development, manufacturing, and deployment of robotic systems and technologies. It involves the creation of machines that perform tasks autonomously or with minimal human intervention. These machines, also known as robots, mimic human actions and/or perform specialized functions in various sectors. These sectors include manufacturing, healthcare, agriculture, logistics, defense, and entertainment.

A robot is defined as a powered machine that is programmable on two or more axes and has some degree of autonomy; it moves within its environment to perform its programmed tasks.

Structure:

The Robotics market shows the market size of robotics in industrial and service use cases. In Industrial Robotics, there are six distinct markets:

The Automotive Industry Robotics market
The Chemical Industry Robotics market
The Electric/Electronic Industry Robotics market
The Food Industry Robotics market
The Metal Industry Robotics market
The Other Industry Robotics market

Service Robotics is further split into:

The Commercial Service Robotics market, which contains the Agriculture, Logistics, Medical and Other Service Robotics markets
The Consumer Service Robotics market, which contains the Domestic and Entertainment Robotics markets

Additional information:

Data includes revenues, volume, and the average price per newly installed robot. It also examines the level of automation, the share of collaborative robots, and investment in robotics, as well as a list of the key players in the market and their consolidated revenues. The market displays both B2B and B2C revenues, and the revenue is based on the country’s demand for robots. It is shown in manufacturer prices. Industrial Robotics does not include software revenues, as industrial robots are mostly used with specific software solutions that belong to the company that deploys them. For Service Robotics, software revenues are considered, as service robots are mostly delivered with software solutions that have been implemented by the manufacturer.

Key players in the market include Kuka, ABB, Boston Dynamics, and Yaskawa Electric Corporation.

For more information on the data displayed, use the info button right next to the box.

Market

Region

Region comparison

Currency

Analyst Opinion

The Robotics Market in D-A-CH is experiencing moderate growth due to factors such as increasing demand for automation in industries and the need for advanced healthcare services. However, the market growth is being impacted by high costs and limited adoption in certain sectors.

Customer preferences: As the D-A-CH region continues to experience a steady increase in aging population, there is a growing demand for robotics to assist in daily tasks and improve quality of life. This trend is further fueled by the rising interest in smart home solutions, with a focus on accessibility and convenience for elderly individuals. Additionally, the adoption of robotics in industries such as healthcare and manufacturing is on the rise, as companies look for more efficient and cost-effective solutions to meet the demands of a competitive market.

Trends in the market: In the D-A-CH region, the Robotics Market is experiencing a surge in demand for collaborative robots, also known as cobots. These robots are designed to work alongside humans, increasing efficiency and productivity in industries such as manufacturing, healthcare, and retail. This trend is expected to continue as companies look for ways to automate tasks and reduce labor costs. Additionally, there is a growing focus on developing robots with AI capabilities, enabling them to learn and adapt to their environment. This has significant implications for industry stakeholders as it opens up new possibilities for applications and advancements in robotics technology. Furthermore, with the rise of Industry 4.0 and the Internet of Things, there is a growing need for robots to be interconnected and able to communicate with each other, creating a more efficient and interconnected production process. This trend is expected to shape the future of the Robotics Market and drive innovation in the industry.

Local special circumstances: In Germany, the Robotics Market is thriving due to the country's strong industrial sector and focus on advanced manufacturing. The government's support for automation and Industry 4.0 initiatives has led to increased adoption of robotics in various industries, such as automotive and electronics. In Austria, the market is driven by the country's highly skilled workforce and strong research and development capabilities, making it a hub for robotics innovation. Additionally, the country's strict regulations on worker safety and environmental protection have also influenced the development and implementation of robotics solutions.

Underlying macroeconomic factors: The growth of the Robotics Market is also influenced by macroeconomic factors such as technological advancements, government support, and investment in industrial automation. Countries with advanced manufacturing capabilities and favorable policies for automation are expected to experience higher market growth. Additionally, the increasing demand for efficient and cost-effective production processes, as well as the growing trend of smart factories, are driving the adoption of robotics in the D-A-CH region. Moreover, the growing focus on sustainability and reducing labor costs are also contributing to the market growth.

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.