Industrial Robotics - Belgium | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$130.00m in 2024.
Automotive industry robotics dominates the market with a projected market volume of US$51.48m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -5.32%, resulting in a market volume of US$98.87m by 2029.
In global comparison, most revenue will be generated China (US$1.62bn in 2024).

Definition:

The Industrial Robotics market covers use cases that focus on the design, manufacturing, and deployment of robotic systems for industrial applications. The market encompasses the use of robots and automation technologies in manufacturing processes, assembly lines, and other industrial settings. This is to improve productivity, efficiency, and precision.

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.

The top five industries that use robotics are the automotive, chemical, metal, electronic, and food industries; however, other industries are also implementing various robotics use cases, but not on the same scale as these top five.

Structure:

The Industrial Robotics market is further split into Automotive Industry Robotics, Chemical Industry Robotics, Electric/Electronic Industry Robotics, Food Industry Robotics, Metal Industry Robotics, and Other Industry Robotics.

Additional information:

The market comprises revenues, volume, and the average price per newly installed robot. It also includes the share of collaborative robots, 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. Software revenues are not included, as industrial robots are mostly used with specific software solutions that belong to the company that deploys them.

Key players in the market include ABB, Epson Robotics, Midea Group, and Yaskawa Electric Corporation.

For more information on the data displayed, use the info button right next to the box.

Automotive Industry Robotics
Chemical Industry Robotics
Electric/Electronic Industry Robotics
Food Industry Robotics
Metal Industry Robotics
Other Industry Robotics

robots used in non-industrial environments

The Industrial Robotics market in Belgium is experiencing mild growth, driven by factors such as increasing adoption of automation technologies, growing demand for efficient and cost-effective solutions in various industries, and the convenience offered by robotic systems. The Automotive, Chemical, Electric/Electronic, Food, Metal, and Other industry sub-markets are all contributing to this growth, each with their unique needs and requirements. The market's growth rate is impacted by technological advancements, changing regulations, and the need for improved productivity and safety in industrial processes.

Customer preferences: The Industrial robotics market in Belgium has witnessed a significant increase in demand for collaborative robots, driven by the rising need for automation in manufacturing processes. This trend is further fueled by the country's aging population and the need for safe and efficient production methods. Additionally, there is a growing focus on sustainability and energy efficiency, leading to the adoption of advanced robotics technologies in industries such as automotive and food processing.

Trends in the market: In Belgium, the Industrial robotics market is experiencing a surge in collaborative robots (cobots) adoption, as companies aim to increase efficiency and productivity. This trend is expected to continue with the rise of Industry 4.0 and the integration of artificial intelligence and machine learning in industrial robotics. The significance of this trend lies in its potential to revolutionize traditional manufacturing processes and create new opportunities for industry stakeholders. However, it also poses challenges for workers, as they may need to adapt to working alongside machines.

Local special circumstances: In Belgium, the Industrial robotics market is thriving due to the country's strong manufacturing sector and government support for automation and digitalization in industries. The highly skilled workforce and advanced infrastructure also contribute to the market's growth. Additionally, Belgium's strict environmental regulations have led to the adoption of more sustainable and efficient robotic technologies. This creates a unique market dynamic, with a focus on both productivity and sustainability, setting it apart from other industrial robotics markets.

Underlying macroeconomic factors: The Industrial robotics market in Belgium is heavily influenced by macroeconomic factors such as the country's strong manufacturing industry and its focus on innovation and technology. The global trend towards automation and the increasing demand for efficient and cost-effective production processes have also contributed to the growth of the industrial robotics market in Belgium. Additionally, the government's policies promoting the adoption of advanced technologies and its investments in research and development have further boosted the market growth. Moreover, the country's stable economic health and favorable business environment have attracted foreign investors, further driving the growth of the industrial robotics market in Belgium.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Despite the frightening, almost Terminator-esque, way the phrase “there are robots everywhere” might sound, the increased use of robotics has been a boon to both consumers and enterprises worldwide. The industrial robot market has seen steady growth across the globe and is expected to continue growing as automation becomes ever more vital to businesses. This stems largely from mechanical automation, reducing production costs and improving efficiency. This increased demand due to greater automation, especially in the United States and Europe, is likely to mean that the price increase per robot unit will remain modest.