Industrial Robotics - Romania | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$50.41m in 2024.
Automotive industry robotics dominates the market with a projected market volume of US$18.65m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.57%, resulting in a market volume of US$57.21m 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 Romania is witnessing a decline in growth rate due to various factors. The Automotive, Chemical, Electric/Electronic, Food, Metal, and Other industry sub-markets are impacted by slow adoption of digital technologies, limited health awareness, and lack of convenience in online services. These hindrances contribute to the negligible decline in the overall market growth.

Customer preferences: In Romania, there has been a noticeable increase in the adoption of industrial robotics in recent years. This trend can be attributed to the growing demand for automation and efficiency in the manufacturing sector. Additionally, with the rise of Industry 4.0, there has been an increased focus on incorporating advanced technologies such as artificial intelligence and Internet of Things (IoT) in industrial robotics. This has led to a shift towards smart factories and connected production systems, catering to the changing needs of consumers in a rapidly evolving market.

Trends in the market: In Romania, the Industrial robotics market is experiencing a surge in demand for collaborative robots (cobots) that can work alongside human workers. This trend is driven by the need for increased efficiency and productivity in manufacturing processes. Additionally, there is a growing adoption of artificial intelligence (AI) and machine learning technologies in industrial robotics, which are enabling more advanced and autonomous operations. These developments have significant implications for industry stakeholders, as they can improve production processes, reduce costs, and open up new opportunities for innovation and growth in the market.

Local special circumstances: In Romania, the Industrial robotics market is flourishing due to the country's strong manufacturing industry and government incentives for automation. The geographical location of Romania also makes it an ideal hub for cross-border trade, driving demand for industrial robots. Additionally, the country's focus on developing a skilled workforce in the field of robotics has further boosted market growth. Furthermore, Romania's relatively low labor costs compared to other European countries make it an attractive market for industrial robots, especially for small and medium-sized enterprises looking to increase efficiency and productivity.

Underlying macroeconomic factors: The Industrial robotics Market within the Robotics Market is influenced by macroeconomic factors such as technological advancements, government policies, and investment in manufacturing 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 is driving the adoption of industrial robotics, especially in countries with a growing manufacturing 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.