Industrial Robotics - United Kingdom

  • United Kingdom
  • Revenue in the Industrial Robotics market is projected to reach US$223.40m in 2024.
  • Automotive industry robotics dominates the market with a projected market volume of US$88.95m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.43%, resulting in a market volume of US$277.50m by 2029.
  • In global comparison, most revenue will be generated in China (US$1,624,000.00k in 2024).

Key regions: France, Italy, United States, South Korea, United Kingdom

 
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Analyst Opinion

The Industrial Robotics market in the United Kingdom has been experiencing moderate growth, driven by factors such as increasing adoption of automation, growing demand for precision and efficiency in various industries, and advancements in technology. However, the market growth rate has been impacted by the mild decline in the automotive and chemical industries, which are major users of industrial robots. This can be attributed to economic uncertainties and fluctuations in demand. Despite this, the market is expected to continue growing due to the continued demand for automation in other industries such as electronics, food, and metal.

Customer preferences:
As the industrial sector in the UK continues to adopt advanced technologies, there is a growing demand for industrial robotics to enhance efficiency and productivity. This shift towards automation is also driven by the need for social distancing and reducing human contact in the workplace. Additionally, the increasing focus on sustainability and reducing carbon emissions is pushing industries to invest in eco-friendly and energy-efficient robotic solutions.

Trends in the market:
In the United Kingdom, the Industrial robotics market is experiencing a surge in adoption of collaborative robots, also known as cobots. These robots are designed to work alongside humans, increasing efficiency and reducing workplace injuries. Additionally, there is a growing trend of integrating artificial intelligence (AI) and machine learning into industrial robots, making them more intelligent and adaptable. This trend is expected to continue, with experts predicting a significant increase in the use of AI-powered robots in the coming years. This has significant implications for industry stakeholders, as it will lead to increased productivity, cost savings, and a shift in the types of skills required for industrial jobs.

Local special circumstances:
In the United Kingdom, the Industrial robotics market is uniquely influenced by the country's strong manufacturing sector and its emphasis on automation and efficiency. The UK's strict labor laws and high labor costs have also played a role in driving the adoption of industrial robotics. Additionally, the government's focus on promoting advanced manufacturing technologies has created a favorable environment for the growth of the Industrial robotics market.

Underlying macroeconomic factors:
The Industrial robotics Market within the Robotics Market in the United Kingdom is strongly influenced by macroeconomic factors such as technological advancements, government support, and investment in manufacturing infrastructure. Countries with favorable regulatory environments and robust investments in industrial automation are experiencing significant growth in the market. In contrast, regions with regulatory challenges and limited funding for industrial development are facing slower market growth. Furthermore, the increasing demand for efficient and cost-effective manufacturing processes, driven by global economic trends and the need for competitive advantage, is fueling the adoption of industrial robotics in the United Kingdom.

Methodology

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.

Overview

  • Revenue
  • Key Players
  • Volume
  • Collaborative Robots
  • Price
  • Autonomous mobile robots
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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