Industrial Robotics - Croatia | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$12.60m in 2024.
Other industry robotics dominates the market with a projected market volume of US$4.64m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.27%, resulting in a market volume of US$14.10m 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 Croatia is facing a negligible decline in growth rate due to various factors such as low adoption of digital technologies in certain sub-markets, lack of awareness among industries, and limited convenience offered by online services. However, the market is expected to experience significant growth in the coming years driven by increasing demand from the Automotive, Chemical, Electric/Electronic, Food, Metal, and Other industries.

Customer preferences: In Croatia, there has been a growing trend towards the adoption of industrial robotics in manufacturing and production processes. This is driven by the need for increased efficiency, precision, and cost-effectiveness in the production of goods. Additionally, there is a shift towards the use of collaborative robots, or cobots, which work alongside human workers. This trend is influenced by the country's aging population and the need for safer and more ergonomic working conditions. Furthermore, the integration of artificial intelligence and machine learning technologies in industrial robotics is gaining traction, as businesses aim to automate and optimize their operations.

Trends in the market: In Croatia, the Industrial robotics market is seeing a surge in the adoption of collaborative robots (cobots) due to their flexibility and cost-effectiveness. This trend is expected to continue, with cobots being increasingly used in small and medium-sized enterprises. Additionally, there is a growing focus on the integration of artificial intelligence and machine learning in industrial robotics, allowing for more efficient and autonomous operations. These trends have significant implications for industry stakeholders, as they offer opportunities for increased productivity and cost savings. However, they also bring about challenges in terms of workforce reskilling and potential job displacement.

Local special circumstances: In Croatia, the Industrial robotics Market is influenced by the country's strong focus on manufacturing and heavy industries. With a skilled labor force and government support for innovation and automation, the market is expected to grow significantly. Additionally, the country's strategic location and membership in the European Union provide access to a large market and favorable trade policies, making it an attractive location for foreign investment in robotics. However, the market is also facing challenges due to high costs of implementation and limited adoption of new technologies in traditional industries.

Underlying macroeconomic factors: The Industrial robotics Market within the Robotics Market is significantly impacted by macroeconomic factors such as technological advancements, government support, and investment in manufacturing infrastructure. Countries with advanced technical capabilities and supportive policies are experiencing higher market growth compared to regions with limited resources and regulatory challenges. Moreover, the demand for industrial robotics is increasing due to the rising need for automation in various industries, coupled with the growing trend of digitization and Industry 4.0. This is further fueled by the desire for increased efficiency, cost reduction, and improved productivity in the manufacturing sector.

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.