Robotics - EMEA

EMEA

Revenue in the Robotics market is projected to reach 0.00 in 2024.
0 dominates the market with a projected market volume of 0 in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-0) of 0, resulting in a market volume of 0.00 by 0.
In global comparison, most revenue will be generated 0 (0 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 EMEA is witnessing steady growth, influenced by the increasing adoption of digital technologies, growing awareness about the benefits of robotics in industries and services, and the convenience offered by advanced robotic solutions. However, the negligible growth rate is being impacted by factors such as high initial costs, lack of skilled labor, and slow adoption in some industries.

Customer preferences: The growing aging population and rising labor costs in EMEA have led to an increased adoption of robotics in industries such as healthcare, manufacturing, and logistics. This trend is driven by the need for automation and efficiency in these sectors, as well as the growing demand for personalized and high-quality products and services. Additionally, the use of robots allows for enhanced safety and precision in tasks, reducing the risk of human error and injury. The integration of artificial intelligence and machine learning in robotics is also gaining traction, enabling robots to perform more complex and diverse tasks.

Trends in the market: In EMEA, the Robotics Market is experiencing a surge in demand for collaborative robots (cobots) that can work alongside humans. This trend is driven by the need for increased efficiency and safety in manufacturing processes, as well as the rise of Industry 4.0. Additionally, there is a growing focus on the development of artificial intelligence and machine learning capabilities in robotics, allowing for more advanced and autonomous operations. These trends are significant for industry stakeholders as they offer potential cost savings, improved productivity, and increased flexibility. However, they also raise concerns about the potential displacement of human workers and the need for upskilling and reskilling in the workforce.

Local special circumstances: In Europe, the Robotics Market is influenced by the region's advanced technological infrastructure and strong focus on research and development. This has led to the emergence of innovative robotics solutions with high precision and efficiency. Additionally, cultural factors such as the aging population in countries like Germany and Japan have created a demand for robotic assistants in healthcare and eldercare. Moreover, stringent regulations in the European Union regarding worker safety and environmental sustainability have encouraged the adoption of robotics in industries such as manufacturing and logistics.

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 infrastructure. Countries with favorable economic conditions and strong investment in robotics technologies are experiencing faster market growth compared to regions with economic challenges and limited funding for industrial development. Additionally, the increasing demand for automation in various industries and the need to improve efficiency and productivity are driving the adoption of robotics solutions.

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.