Europe Pharmaceutical Robots Market Size & Outlook
Europe pharmaceutical robots market, 2016-2030 (US$M)
Related Markets
Europe pharmaceutical robots market highlights
- The Europe pharmaceutical robots market generated a revenue of USD 32.8 million in 2023.
- The market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, traditional robots was the largest revenue generating type in 2023.
- Collaborative Robots is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 32.8 million |
| Market revenue in 2030 | USD 54.2 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Traditional robots |
| Fastest growing segment | Collaborative Robots |
| Historical data covered | 2016 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Traditional Robots, Collaborative Robots |
| Key market players worldwide | ABB Ltd, Teradyne Inc, Kawasaki Heavy Industries Ltd, YASKAWA Electric Corp, Fanuc Corp, Marchesini Group, Seiko Epson Corp, Denso Corp, Mitsubishi Electric Corp, KUKA Robotics |
Other key industry trends
- In terms of revenue, Europe region accounted for 16.4% of the global pharmaceutical robots market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 43.2 million by 2030.
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Pharmaceutical Robots Market Scope
Pharmaceutical Robots Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe pharmaceutical robots 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 pharmaceutical robots market will help companies and investors design strategic landscapes.
Traditional robots was the largest segment with a revenue share of 62.8% in 2023. Horizon Databook has segmented the Europe pharmaceutical robots market based on traditional robots, collaborative robots covering the revenue growth of each sub-segment from 2016 to 2030.
The Europe pharmaceutical robots market accounted for the second largest market share of 28.00% in 2020 and is expected to maintain its position till 2028. The major contributors to this market are Germany and the UK.
The region is expected to grow at a lucrative rate during the forecast period due to the presence of skilled professionals and well-established healthcare infrastructure. The IFR 2019 press release stated that, globally, Germany is the fifth largest country in the world in terms of industrial robotics.
In 2018, nearly 26,723 units of robots were sold, which was 26% higher than 2017, according to IFR. Thus, growing number of industrial robot installations in different parts of Europe has led to high demand for pharmaceutical robots in the region.
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Our clientele includes a mix of pharmaceutical robots market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe pharmaceutical robots market , including forecasts for subscribers. This continent databook contains high-level insights into Europe pharmaceutical robots market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Europe pharmaceutical robots market size, by country, 2016-2030 (US$M)
Europe Pharmaceutical Robots Market Outlook Share, 2023 & 2030 (US$M)
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