Robotics - EMEA

EMEA

Revenue in the Robotics market is projected to reach US$18.89bn in 2024.
Service robotics dominates the market with a projected market volume of US$14.53bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.21%, resulting in a market volume of US$32.13bn 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

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Analyst Opinion

The EMEA robotics market is facing a negligible decline in growth due to factors such as slow adoption of industrial and service robotics, lack of awareness among consumers, and limited convenience offered by online services. However, the market is still expected to experience significant growth driven by technological advancements and increasing demand for automation solutions.

Customer preferences: As the EMEA region continues to experience rapid advancements in technology and automation, consumers are increasingly turning to robotics solutions for various tasks and services. This trend is driven by a growing desire for convenience and efficiency in daily tasks, and a shift towards digital and automated solutions. This has led to a surge in demand for robotic products and services across industries such as manufacturing, healthcare, and transportation. Additionally, cultural attitudes towards technology and its role in society are also contributing to the growth of the robotics market in the EMEA region.

Trends in the market: In EMEA, the Robotics Market is experiencing a surge in demand due to the increasing adoption of automation in various industries. This trend is expected to continue as companies look to improve efficiency and reduce labor costs. Additionally, there is a growing focus on collaborative robots, which can work alongside humans and enhance productivity. This trend is significant as it allows for safer and more efficient work environments. However, it may also lead to job displacement and require upskilling of workers. Furthermore, the rise of artificial intelligence and machine learning in robotics is expected to fuel further growth and innovation in the industry. As a result, industry stakeholders must stay updated on these trends and adapt their strategies accordingly to remain competitive in the market.

Local special circumstances: In EMEA, the Robotics Market is heavily influenced by the region's advanced manufacturing capabilities and high demand for automation in industries such as automotive and electronics. Additionally, cultural factors, such as a strong emphasis on innovation and efficiency, drive the adoption of robotics in these markets. Regulatory frameworks, such as the European Union's strict safety standards, also play a significant role in shaping the Robotics Market in EMEA. These factors create a unique environment for robotics growth in the region, with a strong focus on precision, safety, and advanced technology.

Underlying macroeconomic factors: The Robotics Market in EMEA is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in industrial infrastructure. Countries with favorable regulatory environments and strong investment in robotics technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing adoption of automation in various industries and the need for efficient and cost-effective manufacturing processes are driving the demand for robotics solutions 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.