Industrial Robotics - Benelux | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$379.00m in 2024.
Other industry robotics dominates the market with a projected market volume of US$114.00m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -3.15%, resulting in a market volume of US$322.90m 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 Benelux is seeing minimal decline in growth rate due to factors such as increasing adoption of automation, growing demand for efficient production processes, and the convenience provided by advanced robotics technology. This trend is expected to continue as the Automotive, Chemical, Electric/Electronic, Food, Metal, and Other industries in the region increasingly turn to robotics for enhanced productivity and cost-effectiveness.

Customer preferences: In recent years, there has been a growing demand for automation and efficiency in industrial processes, leading to the adoption of advanced robotics solutions in the Benelux region. This trend is driven by the increasing need for cost reduction, improved productivity, and safety in industrial operations. Additionally, with the aging population in this region, there is a growing focus on robotic solutions to address labor shortages and increase productivity in the manufacturing sector. Moreover, the rise of Industry 4.0 and the integration of artificial intelligence and Internet of Things (IoT) technologies in industrial robotics have further accelerated the growth of this market.

Trends in the market: In Benelux, the Industrial robotics market is seeing a rise in the adoption of collaborative robots, also known as cobots. These robots are designed to work alongside human workers and offer greater flexibility and safety in manufacturing processes. This trend is expected to continue as companies in the region prioritize automation and efficiency. Additionally, there is a growing focus on developing robotic systems with advanced artificial intelligence and machine learning capabilities, allowing these robots to perform more complex tasks and adapt to changing production needs. This trend has significant implications for industry stakeholders, as it offers opportunities for increased productivity and cost savings. However, it also raises concerns about potential job displacement and the need for upskilling and reskilling of the workforce to effectively utilize these advanced robotic systems.

Local special circumstances: In the Benelux region, the Industrial robotics market is heavily influenced by the region's strong focus on sustainability and environmental responsibility. This has led to a high demand for robots that can improve efficiency and reduce waste in manufacturing processes. Additionally, the region's strict safety regulations have created a demand for robots that can perform hazardous tasks, such as handling chemicals or working in extreme temperatures. This has also led to the development of advanced safety features in industrial robots, making them more attractive to potential buyers in the Benelux market.

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

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.