Industrial Robotics - Central & Western Europe

Revenue in the Industrial Robotics market is projected to reach US$2.49bn in 2024.
Automotive industry robotics dominates the market with a projected market volume of US$854.90m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -1.31%, resulting in a market volume of US$2.33bn 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 Central & Western Europe is facing a mild decline in growth rate, influenced by various factors such as slower adoption of digital technologies, changing consumer behavior in the automotive, chemical, electric/electronic, food, metal, and other industries. This is also attributed to the current economic climate and uncertainties in the market. However, the increasing demand for automation and cost-effective solutions is expected to drive the market in the long run.

Customer preferences: As the Industrial robotics Market continues to grow in Central & Western Europe, there has been a noticeable increase in demand for collaborative robots (cobots) that can work alongside human workers. This trend is driven by the need for flexible and adaptive automation solutions, as well as the desire for safer working environments. Additionally, with an aging population and a shortage of skilled labor, cobots have become a popular solution for addressing labor shortages in the region.

Trends in the market: In Central & Western Europe, the Industrial robotics market is experiencing a surge in demand due to the increasing adoption of automation in manufacturing processes. This trend is driven by the need for cost-effective and efficient production, as well as the shortage of skilled labor. Furthermore, there is a growing trend of collaborative robots, or cobots, which work alongside humans to increase productivity and safety. This trajectory is expected to continue, with the market projected to reach $25 billion by 2025. These trends have significant implications for industry stakeholders, as they must adapt to the changing landscape and invest in advanced robotics technology to stay competitive in the market. Additionally, these developments have the potential to disrupt traditional labor models and require upskilling of workers to operate and maintain these advanced robots.

Local special circumstances: In Central and Western Europe, the Industrial robotics market is heavily influenced by the region's advanced manufacturing sector and strong government support for automation. However, unlike other markets, the region has strict regulations for safety and ethics in the use of robotics, which can impact market growth. Additionally, the cultural emphasis on precision and quality in manufacturing has led to a higher demand for collaborative robots, compared to other regions. These factors create a unique environment for industrial robotics in Central and Western Europe, shaping market dynamics and driving innovation in the sector.

Underlying macroeconomic factors: The Industrial robotics Market within the Robotics Market is heavily influenced by macroeconomic factors in Central & Western Europe. The region's strong economic growth, stable political environment, and supportive fiscal policies have led to increased investments in automation and robotics. Additionally, the rise in manufacturing activities and the need for cost-effective and efficient production processes have further driven the demand for industrial robotics. Furthermore, the region's focus on sustainable development and the adoption of advanced technologies are expected to propel the growth of the Industrial robotics Market in Central & Western Europe.

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.