Industrial Robotics - Slovenia | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$41.33m in 2024.
Other industry robotics dominates the market with a projected market volume of US$16.73m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.96%, resulting in a market volume of US$57.85m 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 Slovenia is experiencing a mild decline in growth rate, influenced by factors such as slow adoption of digital technologies in sub-markets like Automotive and Metal industries, and the convenience offered by traditional forms of manufacturing in the country. However, the rising health awareness among consumers and the increasing demand for automation in industries like Chemical, Electric/Electronic, and Food are expected to drive growth in the overall market.

Customer preferences: The industrial robotics market in Slovenia has seen a rise in demand for advanced automation solutions that can improve efficiency and productivity in manufacturing processes. This trend is driven by the country's aging workforce and the need for increased production output. Additionally, the growing focus on sustainability and reducing environmental impact has led to a rise in the adoption of energy-efficient and eco-friendly industrial robots. These factors are expected to continue shaping the industrial robotics market in Slovenia in the coming years.

Trends in the market: In Slovenia, the Industrial robotics market is experiencing a surge in collaborative robots, which are designed to work alongside humans and increase efficiency and safety in manufacturing. This trend is expected to continue as companies seek to improve their production processes and adapt to the changing labor market. The rise of Industry 4.0 and the integration of AI and IoT in industrial robotics are also significant trends, as they allow for more intelligent and connected robotic systems. This could have implications for industry stakeholders, such as increased productivity, cost savings, and the need for upskilling workers in advanced technologies. Additionally, the adoption of industrial robotics can help Slovenia maintain its competitive edge in the global market.

Local special circumstances: In Slovenia, the Industrial robotics market is driven by the country's strong manufacturing sector and its emphasis on innovation and automation. The government's support for research and development, along with its favorable tax policies, has led to the growth of the market. Additionally, Slovenia's strategic location in Central Europe and its membership in the European Union provide easy access to a large market for industrial robots. The country's focus on sustainability and energy efficiency also plays a significant role in the adoption of advanced robotic technologies.

Underlying macroeconomic factors: The growth of the Industrial robotics market in Slovenia is influenced by macroeconomic factors such as technological advancements, government support, and investment in manufacturing infrastructure. Countries with favorable business environments and strong investment in industrial automation are experiencing faster market growth compared to regions with regulatory challenges and limited funding for industrial development. Additionally, the increasing demand for efficiency and productivity in manufacturing processes and the rising adoption of Industry 4.0 technologies are driving the demand for industrial robotics in Slovenia.

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.