Industrial Robotics - Ireland | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$18.19m in 2024.
Other industry robotics dominates the market with a projected market volume of US$11.70m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.57%, resulting in a market volume of US$26.20m 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 Robotics Market in Ireland, particularly the Industrial robotics sub-market, is experiencing a mild decline in growth rate. Factors such as increasing competition, technological advancements, and changing consumer demands are impacting this trend. However, the convenience and efficiency offered by these robots in various industries such as automotive, chemical, electric/electronic, food, metal, and others are still driving overall market growth. This is expected to continue as companies in Ireland continue to adopt digital technologies in their operations.

Customer preferences: The Industrial robotics Market within the Robotics Market in Ireland has seen a rise in demand for collaborative robots, or "cobots," due to their ability to work alongside humans and increase efficiency in manufacturing processes. This trend is driven by the growing need for flexible and adaptable automation solutions in response to changing consumer demands and market dynamics. Additionally, advancements in artificial intelligence and machine learning have enabled cobots to perform more complex tasks, further driving their popularity in the Industrial robotics Market.

Trends in the market: In Ireland, the Industrial robotics Market within the Robotics Market is experiencing a significant uptick in the adoption of collaborative robots, also known as "cobots". These robots are designed to work alongside human workers, increasing efficiency and reducing the risk of workplace injuries. This trend is expected to continue as companies invest in automation to improve productivity and reduce labor costs. Additionally, there is a growing interest in using robotics for tasks such as packaging, quality control, and material handling. This trend towards increased automation in the industrial sector has the potential to greatly benefit industry stakeholders, leading to improved efficiency, reduced costs, and increased competitiveness within the global market.

Local special circumstances: In Ireland, the Industrial robotics market is thriving due to the country's strong manufacturing sector and government incentives for automation. The small size of the country and its close proximity to other European markets make it an ideal location for companies to test and implement new robotics technologies. Additionally, Ireland's favorable tax policies and skilled workforce also contribute to the market's growth. However, the country's strict data privacy laws and regulations can pose challenges for companies in the robotics industry, especially in the healthcare sector, where data security is of utmost importance.

Underlying macroeconomic factors: The Industrial robotics market in Ireland is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in industrial infrastructure. Ireland boasts a strong economy with a favorable business environment and a skilled workforce, making it an attractive market for industrial robotics. Additionally, the growing demand for automation and efficiency in manufacturing processes, coupled with the increasing need for advanced technology in industries such as pharmaceuticals and electronics, is driving the growth of the industrial robotics market in Ireland. The country's strong fiscal policies and favorable investment climate also play a significant role in supporting the growth of this 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.