Industrial Robotics - EMEA | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$4.36bn in 2024.
Automotive industry robotics dominates the market with a projected market volume of US$1.34bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.61%, resulting in a market volume of US$4.72bn 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 EMEA Industrial Robotics market is facing subdued decline in growth rate, influenced by factors such as slow adoption of digital technologies in the Automotive, Chemical, Electric/Electronic, Food, Metal, and Other industries. This is despite rising health awareness among consumers and the convenience of online services.

Customer preferences: The EMEA region has experienced a growing demand for collaborative robots, also known as "cobots", in the industrial sector. This trend is driven by the need for safer and more efficient production processes, as well as the rise of flexible manufacturing systems. Additionally, there has been a shift towards modular and customizable robots, as companies seek to adapt to changing consumer demands and preferences. This has led to an increase in the use of advanced sensors and software, allowing for more precise and adaptable automation solutions.

Trends in the market: In the EMEA region, the Industrial robotics market is experiencing a surge in collaborative robots, also known as cobots, which are designed to work alongside humans in the manufacturing process. This trend is driven by the need for increased flexibility and safety in industrial settings, as well as the rising demand for automation in various industries. Additionally, there is a growing focus on incorporating advanced technologies such as artificial intelligence and machine learning in industrial robotics, which is expected to further enhance their capabilities and increase their adoption. These trends have significant implications for industry stakeholders, as they offer opportunities for increased efficiency, cost savings, and improved workplace safety. However, they also present challenges in terms of redefining job roles and upskilling the workforce to work with these advanced technologies.

Local special circumstances: In the EMEA region, the Industrial robotics market is heavily influenced by varying regulations and cultural norms across different countries. For example, in Germany, there is a strong focus on precision and efficiency in manufacturing, leading to a high demand for robotics solutions. In contrast, in Italy, there is a preference for traditional manual labor, which has slowed the adoption of robotics in the industrial sector. Additionally, the Middle East and Africa region has seen a surge in the use of robotics in the oil and gas industry due to its high reliance on automation and advanced technologies. These unique local factors play a significant role in shaping the EMEA Industrial robotics market.

Underlying macroeconomic factors: The Industrial robotics market in EMEA is heavily 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 are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for efficient and cost-effective manufacturing processes, coupled with the rising labor costs, is driving the adoption of industrial robotics in this 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.

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.