Industrial Robotics - Spain | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$194.10m in 2024.
Automotive industry robotics dominates the market with a projected market volume of US$89.30m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.16%, resulting in a market volume of US$195.70m 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 Industrial robotics market in Spain has been experiencing moderate growth, driven by factors such as increasing adoption of automation technologies, growing demand for precision and efficiency in various industries, and the convenience offered by robotic solutions. However, the market's growth rate has been impacted by the mild decline in the automotive and chemical industries, which are major sub-markets. These industries are facing challenges such as economic uncertainties, changing consumer preferences, and increasing competition.

Customer preferences: In Spain, there has been a growing demand for industrial robotics as companies look to increase efficiency and reduce labor costs. This trend is driven by the country's aging population and shrinking workforce, as well as the need for strict adherence to safety protocols. Additionally, the rise of e-commerce and the need for faster order fulfillment has led to a surge in the adoption of industrial robots in warehouses and logistics centers. These shifts are also fueled by the Spanish culture of valuing innovation and technology, further driving the growth of the industrial robotics market in the country.

Trends in the market: In Spain, the Industrial robotics market is experiencing a surge in demand for collaborative robots, with companies increasingly adopting these machines to enhance efficiency and productivity. This trend is expected to continue, as collaborative robots offer flexibility, safety, and cost-effectiveness in manufacturing processes. Additionally, there is a growing focus on incorporating artificial intelligence and machine learning capabilities into industrial robots, enabling them to perform more complex tasks and adapt to changing production needs. These developments hold significant implications for industry stakeholders, as they pave the way for increased automation and digitalization in the Spanish manufacturing sector. Moreover, the rising adoption of industrial robots is expected to drive job growth in the robotics industry and boost the country's economy.

Local special circumstances: In Spain, the Industrial robotics market is driven by the country's strong manufacturing sector and its emphasis on automation. The government's support for Industry 4.0 and the use of robotics in industries such as automotive and electronics has led to a significant demand for industrial robots. Additionally, Spain's geographical location as a gateway to Europe and its cultural focus on efficiency and productivity have also contributed to the market's growth. However, strict regulations on labor and data privacy have posed challenges for the adoption of robotics technology, creating a unique market dynamic in Spain compared to other countries.

Underlying macroeconomic factors: In Spain, the growth of the Industrial robotics market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and government fiscal policies. With a strong economy and supportive regulatory environment, Spain has become a hub for industrial robotics, attracting investments and driving market growth. Additionally, the country's aging population and increasing demand for automation in various industries have further fueled the demand for industrial robots, making Spain a key player in the global 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.