Industrial Robotics - Czechia | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$108.40m in 2024.
Automotive industry robotics dominates the market with a projected market volume of US$49.39m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -9.31%, resulting in a market volume of US$66.47m 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 Czechia is facing a significant decline in growth rate due to various factors such as slow adoption of digital technologies in the Automotive and Metal industries, lack of awareness about online health services in the Chemical and Electric/Electronic industries, and limited convenience offered by food industry robotics. These sub-markets play a crucial role in shaping the growth of the overall market.

Customer preferences: With the rise of Industry 4.0 and smart factories, there has been a growing demand for industrial robotics in Czechia. Automation and efficiency have become key factors for businesses, leading to an increased adoption of robots in manufacturing processes. Additionally, the aging workforce in the country has also contributed to the rise in demand for industrial robots, as they assist in physically demanding tasks and reduce the need for manual labor. This trend is expected to continue as companies strive to improve productivity and reduce costs.

Trends in the market: In Czechia, the industrial robotics market is experiencing a surge in collaborative robots, also known as "cobots." These robots work alongside humans, providing safe and efficient solutions for tasks that require precision and repeatability. The trend towards cobots is expected to continue, driven by the increasing demand for automation and the shortage of skilled labor. This trend has significant implications for industry stakeholders, as it can lead to increased productivity, cost savings, and improved worker safety. Furthermore, it opens up opportunities for smaller businesses to invest in robotics and stay competitive in the market.

Local special circumstances: In Czechia, the Industrial robotics market is driven by the country's strong manufacturing sector and its highly skilled workforce. The market also benefits from government initiatives promoting automation and digitalization in industries. Additionally, the country's central location in Europe and its favorable business climate make it an ideal market for industrial robotics companies. However, strict data privacy laws and a relatively small market size may pose challenges for market growth.

Underlying macroeconomic factors: The growth of the Industrial robotics market in Czechia is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in manufacturing infrastructure. Countries with favorable policies and strong investment in automation technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for efficient and cost-effective manufacturing solutions in Czechia and globally is driving the adoption of industrial robotics.

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.