Europe Industrial Robotics Market Size & Outlook
Europe industrial robotics market, 2018-2030 (US$M)
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Europe industrial robotics market highlights
- The Europe industrial robotics market generated a revenue of USD 5,619.9 million in 2023.
- The market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
- In terms of segment, electrical/electronics was the largest revenue generating end use in 2023.
- Chemical, Rubber, & Plastics is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 5,619.9 million |
| Market revenue in 2030 | USD 10,501.5 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Electrical/electronics |
| Fastest growing segment | Chemical, Rubber, & Plastics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, Electrical/Electronics, Metal/Heavy Machinery, Chemical, Rubber, & Plastics, Food |
| Key market players worldwide | ABB Ltd, YASKAWA Electric Corp, Mitsubishi Electric Corp, KUKA Robotics, Fanuc Corp, Denso Corp, Kawasaki Heavy Industries Ltd, OMRON Corp, Nachi Fujikoshi, Stellantis NV |
Other key industry trends
- In terms of revenue, Europe region accounted for 18.6% of the global industrial robotics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 4,293.8 million by 2030.
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Industrial Robotics Market Scope
Industrial Robotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe industrial robotics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial robotics market will help companies and investors design strategic landscapes.
Electrical/electronics was the largest segment with a revenue share of 25.62% in 2023. Horizon Databook has segmented the Europe industrial robotics market based on automotive, electrical/electronics, metal/heavy machinery, chemical, rubber, & plastics, food covering the revenue growth of each sub-segment from 2018 to 2030.
The market for industrial robotics in Europe is expected to grow at a CAGR of 9.0% from 2024 to 2030. Europe is a key revenue-generating region and accounts for a significant market share of 18.6% in 2023.
The regional growth is based on the enormous application of industrial robots in different sectors of industries such as inspection, logistics, electronics, and many other jobs to improve security, health, productivity, and safety.
Moreover, the rapid industrialization and technological penetration in the region that includes IoT application, artificial intelligence, and machine learning is expected to drive adoption of automation and industrial robotics in Europe.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe industrial robotics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe industrial robotics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe industrial robotics market size, by country, 2018-2030 (US$M)
Europe Industrial Robotics Market Outlook Share, 2023 & 2030 (US$M)
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