Industrial Robotics - Germany | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$868.00m in 2024.
Automotive industry robotics dominates the market with a projected market volume of US$396.50m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -4.36%, resulting in a market volume of US$694.70m 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 German Industrial Robotics market is experiencing steady growth, driven by factors such as increasing adoption of automation, growing demand in various industries, and advancements in technology. However, the average decline in growth rate is impacted by challenges faced in the automotive, chemical, and food industries, among others.

Customer preferences: As the demand for increased efficiency and productivity in industrial processes continues to rise, there has been a noticeable shift towards the adoption of collaborative robots in the German market. These robots, also known as cobots, are designed to work alongside human workers, thereby improving safety and flexibility in manufacturing operations. This trend is driven by the need for more agile and adaptable automation solutions, as well as the desire to reduce costs and enhance overall production capabilities.

Trends in the market: In Germany, the industrial robotics market is experiencing a surge in the adoption of collaborative robots, also known as cobots. These robots are designed to work alongside human workers, increasing efficiency and productivity in manufacturing processes. Additionally, there is a growing trend towards the use of artificial intelligence and machine learning in industrial robotics, allowing for more advanced and efficient automation. These developments have significant implications for industry stakeholders, as they can improve production processes, reduce costs, and enhance safety in the workplace. Furthermore, the trajectory of these trends suggests that the industrial robotics market in Germany will continue to grow in the coming years.

Local special circumstances: In Germany, the Industrial robotics market is thriving due to the country's strong manufacturing sector and advanced technology capabilities. The government's focus on promoting Industry 4.0 has also contributed to the growth of this market. Additionally, Germany's strict labor laws and high labor costs have led to a high demand for automation solutions, further fueling the demand for industrial robots. Furthermore, Germany's reputation for quality and precision has made it a hub for advanced robotics research and development, leading to innovative solutions and driving the market forward.

Underlying macroeconomic factors: The Industrial robotics Market in Germany is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in manufacturing infrastructure. Germany's strong economy and stable political climate have created a favorable environment for the growth of the Industrial robotics Market. Additionally, the country's focus on automation and Industry 4.0 initiatives has driven the demand for industrial robotics solutions. Furthermore, the rising labor costs and aging workforce in Germany have also fueled the adoption of industrial robotics to improve productivity and efficiency in manufacturing processes.

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.