Key regions: France, Italy, United States, South Korea, United Kingdom
The industrial robotics market in New Zealand is experiencing slow growth, influenced by factors such as the increasing adoption of automation in various industries and the need for precision and efficiency in manufacturing processes. The market is also impacted by the rising demand for advanced industrial robotics in the automotive, chemical, electric/electronic, food, metal, and other industries. Despite its negligible growth rate, the market is expected to continue expanding due to the convenience and cost-effectiveness offered by industrial robotics in improving productivity and reducing human error.
Customer preferences: The industrial robotics market in New Zealand has seen a rise in demand for collaborative robots, also known as cobots, in recent years. This can be attributed to a growing trend towards automation and efficiency in manufacturing processes. Additionally, there has been a shift towards smaller, more flexible and adaptable robots, as businesses seek to optimize their production lines and reduce costs. This trend is also being driven by the increasing use of advanced technologies such as artificial intelligence and machine learning in industrial robotics.
Trends in the market: In New Zealand, the Industrial robotics market is experiencing a surge in demand for collaborative robots, also known as "cobots." These robots work alongside human workers, increasing efficiency and reducing workplace injuries. This trend is expected to continue as more businesses adopt automation to stay competitive. Additionally, there is a growing emphasis on utilizing robotics in agriculture and food processing industries to address labor shortages. This trend is significant as it not only improves productivity but also addresses sustainability goals. It could have potential implications for industry stakeholders, such as increased job opportunities in the robotics sector and improved efficiencies in various industries.
Local special circumstances: In New Zealand, the Industrial robotics market is primarily driven by the country's strong manufacturing sector and government initiatives to promote automation and advanced technologies in industries such as agriculture and forestry. The country's remote location and small population also contribute to the adoption of industrial robotics, as it helps to reduce labor costs and increase productivity. Additionally, New Zealand's strict safety regulations and focus on sustainability also play a significant role in shaping the market, with demand for robotics solutions that can improve workplace safety and reduce environmental impact.
Underlying macroeconomic factors: The Industrial robotics Market within the Robotics Market in New Zealand is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in manufacturing infrastructure. Countries with favorable regulatory environments and strong investment in industrial automation technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for efficient and cost-effective production processes is driving the adoption of industrial robotics in New Zealand, as well as the aging population and rising labor costs.
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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