Robotics - Germany

Germany

Revenue in the Robotics market is projected to reach US$4.12bn in 2024.
Service robotics dominates the market with a projected market volume of US$3.25bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.05%, resulting in a market volume of US$6.65bn 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.

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Analyst Opinion

The robotics market in Germany has been experiencing steady growth, with factors such as increasing adoption of automation, growing demand for efficient production processes, and advancements in technology driving this trend. However, the market growth rate has been impacted by factors such as limited availability of skilled labor and high initial investment costs. Despite these challenges, the market is expected to continue growing, albeit at a minimal decline, due to the increasing focus on efficiency and productivity in various industries.

Customer preferences: The Robotics Market in Germany has seen a growing demand for automation solutions in industries such as manufacturing, healthcare, and logistics. This can be attributed to the country's aging population, which has resulted in a shortage of skilled labor. Furthermore, there has been a rise in the adoption of collaborative robots, or cobots, due to their ability to work alongside humans and enhance productivity. This trend is expected to continue as companies prioritize efficiency and cost-saving measures.

Trends in the market: In Germany, the Robotics Market is experiencing a shift towards collaborative robots, also known as cobots, which can work safely alongside humans. This trend is driven by the need for increased flexibility and efficiency in manufacturing processes. Additionally, there is a growing demand for robots with advanced capabilities such as vision systems and artificial intelligence. These developments have significant implications for industry stakeholders, as they can improve productivity and reduce costs. However, there are also concerns about the potential displacement of human workers. As a result, there is a focus on developing training programs and regulations to ensure the safe integration of robots into the workforce.

Local special circumstances: In Germany, the Robotics Market is heavily influenced by the country's strong manufacturing and engineering background, as well as its advanced technology sector. This has led to a highly competitive market with a focus on innovation and precision. Additionally, Germany's strict regulations and high safety standards have played a significant role in shaping the market, with a strong emphasis on quality and reliability. The country's robust infrastructure and skilled labor force also contribute to its position as a leader in the global Robotics Market.

Underlying macroeconomic factors: The Robotics Market in Germany is impacted by macroeconomic factors such as advancements in technology, government policies, and investments in research and development. Germany, being one of the world's largest economies, has a strong manufacturing sector, which is a key driver of the robotics market. Additionally, the country's focus on innovation and automation has led to the adoption of robotics in various industries, such as automotive, healthcare, and logistics. Furthermore, the aging population in Germany has increased the demand for robots in the healthcare sector, specifically for tasks like caregiving and rehabilitation, contributing to the growth of the robotics market in the country.

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.