Industrial Robotics - CIS | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$51.10m in 2024.
Other industry robotics dominates the market with a projected market volume of US$32.17m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.76%, resulting in a market volume of US$64.47m 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 CIS is witnessing steady growth, driven by factors such as increasing automation in various industries, rising demand for precision and efficiency, and advancements in technology. However, the market growth rate is being impacted by the economic slowdown in the region and the high initial investment costs associated with industrial robotics. Nonetheless, the market is expected to continue its growth trend in the coming years, with the automotive, chemical, electric/electronic, food, metal, and other industries driving the demand for industrial robotics.

Customer preferences: As technology continues to advance, there is a growing demand for more sophisticated and versatile industrial robots in the CIS and Industrial robotics Market. This is driven by the rise of Industry 4.0 and the need for automation in various industries. Additionally, there is a growing trend towards collaborative robots, or cobots, which can work alongside humans in a shared workspace. This shift towards more advanced and collaborative robotics is fueled by the desire for increased efficiency, flexibility, and safety in the workplace.

Trends in the market: In the CIS region, the Industrial robotics market is experiencing a shift towards collaborative robots, also known as cobots, which are designed to work alongside humans and increase efficiency and safety in manufacturing processes. This trend is driven by the need for cost-effective and flexible automation solutions in industries such as automotive and electronics. As cobots become more affordable and user-friendly, their adoption is expected to increase, leading to a potential decrease in traditional industrial robot sales. This could have implications for both manufacturers and end-users, as they navigate the changing landscape of industrial automation.

Local special circumstances: In CIS countries, the Industrial robotics market is heavily influenced by the region's strong manufacturing and automotive industries. Additionally, the presence of government initiatives promoting the adoption of automation and robotics in industries further drives market growth. In contrast, the market in developed countries is driven by the need for cost-effective and efficient production processes. Furthermore, cultural attitudes towards technology and labor dynamics also play a significant role in shaping the adoption of Industrial robotics in CIS countries.

Underlying macroeconomic factors: The growth of the Industrial robotics market is also influenced by macroeconomic factors such as technological advancements, government policies, and investment in industrial infrastructure. Countries with favorable regulatory environments and strong investment in industrial automation technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding for industrial development. Additionally, the increasing demand for efficient and cost-effective manufacturing processes, coupled with the rising trend of industry 4.0, is driving the adoption of industrial robotics in various industries, further fueling market growth.

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.