Industrial Robotics - Italy | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$489.20m in 2024.
Other industry robotics dominates the market with a projected market volume of US$166.90m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.69%, resulting in a market volume of US$472.50m 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.

For more information on the data displayed, use the info button right next to the box.

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 Italy has been experiencing a minimal decline in growth rate, influenced by factors such as the increasing adoption of automation in various industries, rising demand for efficient and cost-effective production processes, and the convenience offered by robotic solutions. This trend is expected to continue in the coming years, with the continued development of advanced technologies and the growing demand for automation in industries such as automotive, chemical, electric/electronic, food, metal, and others.

Customer preferences: The rising demand for automation in the manufacturing sector has led to a growing adoption of industrial robotics in Italy, as companies seek to improve efficiency and reduce labor costs. This trend is further fueled by the country's aging population and declining birth rates, which have created a shortage of skilled workers. As a result, there is a growing focus on developing advanced robotics solutions that can perform complex tasks and work alongside humans, addressing the country's changing demographic landscape.

Trends in the market: In Italy, the Industrial robotics market is experiencing a surge in demand, with the automotive and manufacturing sectors being the major contributors. The current trend is towards the adoption of collaborative robots, which work alongside humans, increasing efficiency and reducing costs. This trend is expected to continue, driven by advancements in artificial intelligence and machine learning. Industry stakeholders should keep a close eye on these developments to stay competitive and leverage the potential benefits of this technology.

Local special circumstances: In Italy, the Industrial robotics market is experiencing growth due to the country's strong manufacturing sector and its adoption of advanced technologies. The government's focus on promoting automation and Industry 4.0 initiatives has further fueled this growth. Additionally, Italy's geographical location at the heart of Europe and its strong cultural emphasis on precision and quality have made it a hub for industrial robotics innovation. However, strict regulations on data privacy and labor laws have also influenced market dynamics, leading to increased investment in collaborative robots and AI-powered solutions.

Underlying macroeconomic factors: The Industrial robotics Market within the Robotics Market is significantly impacted by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. Developed countries with strong economic growth and supportive government policies are witnessing a higher adoption of industrial robotics, as companies look to increase efficiency and reduce labor costs. On the other hand, developing countries with high labor costs and limited technological infrastructure are gradually increasing their investments in industrial robotics, driven by the need to improve productivity and stay competitive in the global market. Moreover, the increasing demand for automation in various industries, such as automotive, electronics, and healthcare, is also driving the growth of the Industrial robotics 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.