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Key regions: United States, China, South Korea, Japan, Germany
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.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)