Robotics - Eastern Europe

Eastern Europe

Revenue in the Robotics market is projected to reach US$0.62bn in 2024.
Service robotics dominates the market with a projected market volume of US$0.50bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.32%, resulting in a market volume of US$1.06bn 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 Eastern Europe is currently experiencing a minimal decline in growth rate due to various factors. These include slow adoption of digital technologies, lack of health awareness among consumers, and limited convenience offered by online services. However, the market is expected to grow in the future as industries and service sectors begin to invest in advanced robotics technologies for increased efficiency and productivity.

Customer preferences: Consumers in Eastern Europe are increasingly drawn to robotics solutions that improve efficiency and productivity in various industries. This trend is driven by the region's rapidly aging population and the need for cost-effective solutions to address labor shortages. Additionally, there is a growing interest in robotics for domestic use, such as cleaning and home maintenance, as individuals seek to balance their busy lifestyles with the convenience of smart home technology. This shift towards embracing automation is also influenced by the region's strong engineering and technical talent pool.

Trends in the market: In Eastern Europe, the Robotics Market is experiencing a surge in demand for robots with advanced capabilities, such as artificial intelligence and machine learning. This trend is driven by the region's growing manufacturing sector and increasing adoption of automation in industries like automotive, electronics, and healthcare. As the market continues to grow, there is a shift towards collaborative robots and mobile robots, which offer greater flexibility and efficiency. This trend is significant as it enables businesses to improve productivity and reduce costs. However, it also raises concerns about the potential impact on job displacement and the need for upskilling the workforce to work alongside robots.

Local special circumstances: In Eastern Europe, the Robotics Market is influenced by a unique combination of factors. The region's strong manufacturing industry and skilled workforce have made it a hub for industrial robotics, while its growing healthcare sector has driven demand for medical robots. Additionally, the region's lower labor costs and favorable government policies have attracted investments from multinational companies. However, cultural differences and varying levels of technological adoption across countries have resulted in a diverse market landscape. For example, in Poland, the demand for collaborative robots is driven by the country's strong tradition of craftsmanship, while in Russia, the market is propelled by the government's initiatives to modernize its industries.

Underlying macroeconomic factors: The Robotics Market in Eastern Europe is influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. Countries with strong government initiatives and investment in robotics technology are experiencing faster market growth compared to regions with limited support and funding. Additionally, the increasing adoption of automation in various industries and the demand for advanced robotics solutions to improve efficiency and productivity are driving the growth of the market in the region.

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.