The Europe Robotics Technology Market would witness market growth of 14.3% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Robotics Technology Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $15,464.9 million by 2031. The UK market is exhibiting a CAGR of 13.3% during (2024 - 2031). Additionally, The France market would experience a CAGR of 15.3% during (2024 - 2031).
The logistics sector is experiencing a significant transformation due to robotics technology. Automated guided vehicles (AGVs), drones, and robotic picking systems are being deployed to streamline operations in warehouses and distribution centers. These robots are responsible for tasks like picking, sorting, packaging, and delivery within facilities, reducing the need for human labor and improving efficiency.
Robotics is also used in last-mile delivery solutions, with delivery robots and drones capable of autonomously navigating urban environments to deliver packages to customers. Companies like Amazon have been pioneering robots in their fulfillment centers, using robotic systems to speed up the sorting and packing processes.
Europe is witnessing significant growth in adopting industrial robots, driven by the increasing demand for automation across various industries. As per the International Federation of Robotics (IFR), the European Union (EU) saw nearly 72,000 industrial robots installed in 2022, marking a 6% increase year-on-year. Germany, the largest industrial robot industry in Europe, accounted for 37% of these installations, underlining its pivotal role in driving this market in the region. In addition to manufacturing, logistics automation is another growing area where this technology is gaining traction across Europe. The adoption of autonomous vehicles, drones, and automated sorting systems is revolutionizing the logistics and e-commerce industries, particularly as demand for faster delivery and more efficient operations rises. Thus, the rising installation of industrial robots in Europe, particularly in Germany, profoundly impacts this market.
Free Valuable Insights: The Global Robotics Technology Market will Hit USD 279.52 Billion by 2031, at a CAGR of 14.8%
Based on Robot Type, the market is segmented into Traditional Industrial Robots, Cobots, Professional Service Robots, and Other Robot Type. Based on Component, the market is segmented into Hardware, Software, and Service. Based on Application, the market is segmented into Manufacturing, Healthcare, Logistics, Aerospace & Defense, Media & Entertainment, and Other Application. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Robot Type
By Component
By Application
By Country
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