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Subject: MRR

Europe Industrial Robotics Market Set to Double by 2030, Driven by Automation and Smart Technologies

DUBLIN, Feb. 28, 2024 /PRNewswire/ -- The "Europe Industrial Robotics Market Forecast to 2030 - Regional Analysis - by Types, Function, and Industry" report has been added to  ResearchAndMarkets.com's offering.

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The Europe industrial robotics market is expected to grow from US$ 4.5 billion in 2022 to US$ 9.87 billion by 2030. It is estimated to grow at a CAGR of 10.3% from 2022 to 2030.

Sustainability and Green Economy Drives Europe Industrial Robotics Market

Sustainability and environmental considerations are anticipated to be vital trends in the Europe industrial robotics market. Industrial robots are being designed to be more energy efficient with improved power management systems and energy-saving features. In coming years, the robotics sector will focus on developing energy-efficient robots that would help companies lower their carbon footprint and achieve sustainability goals. Industrial robots can also improve material efficiency, optimize processes, and reduce waste.

Additionally, advancements in recycling robot components and materials can reduce the industry's environmental impact. Industrial robotics are expected to involve green manufacturing practices to reduce the use of hazardous substances and minimize emissions. Manufacturers would be able to explore the usage of eco-friendly materials and sustainable design principles by introducing industrial robots. This will include selecting materials with lower environmental impact. By embracing sustainability and environmental considerations, the Europe industrial robotics market can contribute to a more sustainable manufacturing sector. These above-mentioned future trends will drive the development of more environment friendly robotics systems aligning with global efforts toward a greener and more sustainable future.

Europe Industrial Robotics Market Overview

The Europe industrial robotics market is segmented into Germany, France, the UK, Italy, Spain, Sweden, Belgium, the Netherlands, and the Rest of Europe. In the European Union, Germany is a highly automated economy. In 2020, the country had ~230,000 industrial robots. In 2020 alone, manufacturing facilities in Germany installed 22,300 new industrial robots. According to the International Federation of Robotics (IFR), Germany accounts for 33% of overall Europe's robot inventory. The number of robots in German manufacturing facilities is more than three times compared to Italy, which has 78,200 industrial robots.

Similarly, in 2020, France had ~44,800 industrial robots, whereas the UK accounted for 23,000 industrial robots. The growing use of robots in manufacturing, alongside humans, is easing manufacturing operations and increasing production volume. Thus, the manufacturing facilities across the region are constantly eyeing on adopting newer, technologically advanced robotic solutions. This parameter is a key driving force in the Europe industrial robotics market in Europe.

The digital industrial revolution, i.e., Industry 4.0, is helping increase operational flexibility in manufacturing sector for mass customization, increased speed of workflows, better quality of final products, and improved productivity in factories. According to IFR, the total installation of industrial robots across the region increased by 15% in 2021 compared to 2020. Because of this, automotives chemicals, food & beverages, mechanical engineering, and electronics sectors are installing industrial robots to increase productivity.

In 2021, the installation of industrial robot installations in Europe regained growth after two years of decline due to the rising demand from various industrial sectors. For instance, in 2021, the installation of industrial robots in metal & machinery and plastics & chemical products rose strongly by 50% and 30%, respectively, compared to 2018. Thus, the rising adoption of automation solutions further boosts the Europe industrial robotics market growth. Governments of various countries are investing in automating the manufacturing business in the region. For instance, in July 2021, the government of the UK announced an investment of US$ 59.3 million (GBP 53 million) to drive the development of digital manufacturing technologies. Out of which, US$ 28.10 million (GBP 25 million) will be invested in setting up five new industry-sponsored research centers to accelerate the development of cutting-edge digital solutions that can transform manufacturing businesses. The remaining amount will be invested in a digital supply chain innovation hub and provided to 37 individual projects to digitalize and transform manufacturing supply chains. Thus, the growing government support to boost automation will further boost the growth of the Europe industrial robotics market.

Europe Industrial Robotics Market Segmentation

The European industrial robotics market is segmented into types, function, industry, and country.

Key Topics Covered:

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

4. Europe Industrial Robotics Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Europe Industrial Robotics Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Advancements in Automation and Industry 4.0
5.1.2 Government Initiatives and Incentives
5.2 Market Restraints
5.2.1 Lack of Skilled Workforce
5.3 Market Opportunities
5.3.1 Second Life for Industrial Robots and ROI
5.4 Future Trends
5.4.1 Sustainability and Green Economy
5.5 Impact Analysis of Drivers and Restraints

6. Industrial Robotics Market- Europe Analysis
6.1 Europe Industrial Robotics Market Overview
6.2 Europe Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)

7. Europe Industrial Robotics Market Analysis - By Types
7.1 Overview
7.2 Europe Industrial Robotics Market, By Types (2022 and 2030)
7.3 Articulated
7.4 Cartesian
7.6 Collaborative
7.7 Parallel

8. Europe Industrial Robotics Market Analysis - By Function
8.1 Overview
8.2 Europe Industrial Robotics Market, By Function (2022 and 2030)
8.3 Soldering and Welding
8.4 Material Handling
8.5 Assembling and Disassembling
8.6 Painting and Dispensing
8.7 Milling
8.8 Cutting and Processing

9. Europe Industrial Robotics Market Analysis - By Industry
9.1 Overview
9.2 Europe Industrial Robotics Market Breakdown, By Industry, 2022 & 2030
9.3 Automotive
9.4 Medical and Pharmaceuticals
9.5 Electrical and Electronics
9.6 Rubber and Plastics
9.7 Metal and Machinery
9.8 Food and Agriculture

10. Europe Industrial Robotics Market- Country Analysis

11. Industry Landscape
11.1 Overview
11.2 Mergers and Acquisitions
11.3 Agreements, Collaborations and Joint Ventures
11.4 New Product Launches

12. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/uytslq

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