Industrial Robotics - Brazil | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$72.34m in 2024.
Other industry robotics dominates the market with a projected market volume of US$31.12m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.75%, resulting in a market volume of US$75.11m 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.

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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 Brazil has been experiencing a negligible decline, influenced by factors such as slow growth in the automotive, chemical, and metal industries. However, rising demand for automation in the electric/electronic and food industries may drive future growth. Increasing adoption of digital technologies and growing awareness of the benefits of robotics are also contributing to the market's development.

Customer preferences: As the Brazilian economy continues to grow, the demand for industrial robotics has also been on the rise. This can be attributed to the country's increasing focus on automation and efficiency in manufacturing processes. Additionally, with the growing trend of sustainability and eco-friendliness, there has been a shift towards the use of robots that are energy-efficient and have a low environmental impact. This trend is driven by the country's efforts to reduce carbon emissions and promote sustainable practices in industries. Furthermore, the adoption of collaborative robots, or cobots, has gained traction in Brazil, with their ability to work alongside humans and enhance productivity. This trend is indicative of the country's evolving work culture, where collaboration and teamwork are highly valued.

Trends in the market: In Brazil, the Industrial robotics Market within the Robotics Market is experiencing a surge in the adoption of collaborative robots, also known as cobots. This trend is driven by the need for flexible and cost-effective automation solutions in industries such as automotive, electronics, and food and beverage. Additionally, the government's initiatives to promote Industry 4.0 and the rise of e-commerce are fueling the demand for automation in the country. As cobots become more advanced and affordable, they are expected to revolutionize the Brazilian manufacturing sector. This trend also presents opportunities for suppliers of cobot technology and integration services.

Local special circumstances: In Brazil, the Industrial robotics market is influenced by the country's strong manufacturing sector and government initiatives to promote automation in industries such as automotive, electronics, and food processing. Additionally, Brazil's large agricultural sector has led to the adoption of agribusiness robotics, further driving market growth. The country's unique regulatory landscape, including tax incentives for companies investing in automation, also plays a significant role in shaping the market. Overall, Brazil offers a promising market for industrial robotics, with a diverse range of opportunities and challenges driven by its specific economic and regulatory factors.

Underlying macroeconomic factors: The growth of the Industrial robotics market in Brazil is significantly impacted by macroeconomic factors such as the country's economic health, government policies, and global economic trends. Brazil's robust manufacturing sector and government initiatives to promote industrial automation are driving the demand for industrial robots. Additionally, the country's favorable business environment and skilled workforce are attracting investments from multinational companies, further boosting the growth of the market. However, challenges such as high import taxes and limited funding for technological advancements may hinder the market's growth in Brazil.

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.