Key regions: France, Italy, United States, South Korea, United Kingdom
The industrial robotics market in EMEA is facing subdued growth due to various factors such as slower adoption of digital technologies, lack of awareness among consumers, and limited convenience offered by online services. However, increasing demand from sub-markets like automotive, chemical, electric/electronic, food, and metal industries are expected to drive growth in the near future.
Customer preferences: In EMEA, the Industrial robotics market within the Robotics Market is seeing a rise in demand for collaborative robots due to their ability to work alongside humans, enhancing efficiency and safety in manufacturing processes. This trend is driven by the growing focus on workplace safety, as well as the need for flexible and adaptable production systems. Additionally, increasing adoption of automation in industries such as automotive, electronics, and food and beverage is also fueling the growth of the Industrial robotics market in the region.
Trends in the market: In the EMEA region, the Industrial robotics market is experiencing a surge in demand for collaborative robots (cobots) due to their ability to work alongside humans and enhance productivity. Additionally, there is a growing trend of using artificial intelligence and machine learning in industrial robots, leading to smarter and more efficient operations. These trends are significant as they offer cost-effective solutions for businesses and improve workplace safety. Industry stakeholders must adapt to these technological advancements to stay competitive and meet the evolving needs of the market.
Local special circumstances: In EMEA, the Industrial robotics market is heavily influenced by the growing demand for automation in manufacturing industries, particularly in Germany and France. The region's strict regulations and high labor costs also drive the adoption of industrial robots in industries such as automotive and electronics. In addition, cultural factors, such as the emphasis on quality and precision, have led to the development of advanced robotic technologies in countries like Japan and South Korea, making them key players in the global industrial robotics market. Additionally, the presence of established players and government support for industrial automation further contributes to the growth of the market in EMEA.
Underlying macroeconomic factors: The Industrial robotics Market within the Robotics Market is greatly impacted by macroeconomic factors such as technological advancements, government policies, and investment in manufacturing infrastructure. Countries with supportive policies and high investments in automation are witnessing a higher adoption of industrial robots, leading to market growth. On the other hand, regions with economic instability and limited funding for manufacturing are experiencing slower market growth. Furthermore, the increasing demand for efficient and cost-effective production processes is also driving the demand for industrial robots in the market.
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.
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