The Europe Commercial Robots Market would witness market growth of 18.4% CAGR during the forecast period (2023-2029).
Many people are concerned that robots or complete automation will eventually replace them in their occupations, but this is just incorrect. Robots in the workplace have more benefits than downsides. They enhance a business's capacity for success while enhancing the lives of real human personnel still required to maintain operations. Safety is the among the most important benefits of using robotics. Heavy equipment, hot-running machinery, and sharp things can easily hurt a person.
Companies are less likely to face significant medical expenses or legal trouble by giving risky activities to a robot. Furthermore, robots' ability to reduce some hazards will be appreciated by workers who perform hazardous tasks. Robots don't have to split their focus between numerous tasks. Never is their work dependent on the labor of others. They won't have unforeseen emergencies or need to relocate to finish a separate critical task.
They are constantly present and carrying out their assigned duties. Generally speaking, automation is much more reliable than human labor. Robots are useful for repetitive activities; in this sense, they are utilized for certain duties like box packaging; they can perform these tasks day and night without growing bored or tired. In addition, robots are useful for performing repeated jobs because they work quickly to complete their tasks.
The United Kingdom recently raised defense spending to strengthen its armed forces as well as help cover equipment shortages. Recent developments in the European military UAV field are having an effect on the defense industry, the competitive regional climate, and the region's military posture. The European defense establishment is in favor of the new military drone trend due to growing threats to national security. According to estimates, the overall commercial robots market in the region would expand due to the increasing interest in drones across European countries.
The Germany market dominated the Europe Commercial Robots Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $3,280.5 million by 2029. The UK market is anticipated to grow at a CAGR of 17.4% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 19.3% during (2023 - 2029).
Based on Application, the market is segmented into Medical & Healthcare, Defense & Security, Agriculture & Forestry, Marine and Others. Based on Type, the market is segmented into Autonomous Guided Robotics, Medical Robots, Drones, Field Robots and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Commercial Robots Market is Projected to reach USD 56.4 Billion by 2029, at a CAGR of 19.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC (Alphabet, Inc.), Omron Corporation, Boston Dynamics (Hyundai Motor Company), Northrop Grumman Corporation, iRobot Corporation (Amazon.com, Inc.), Kuka AG (Midea Investment Holding Co., Ltd.), Yaskawa Electric Corporation, Honda Motor Co. Ltd., Accuray Incorporated and AeroVironment, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Medical & Healthcare
- Defense & Security
- Agriculture & Forestry
- Marine
- Others
By Type
- Autonomous Guided Robotics
- Medical Robots
- Drones
- Field Robots
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Google LLC (Alphabet, Inc.)
- Omron Corporation
- Boston Dynamics (Hyundai Motor Company)
- Northrop Grumman Corporation
- iRobot Corporation (Amazon.com, Inc.)
- Kuka AG (Midea Investment Holding Co., Ltd.)
- Yaskawa Electric Corporation
- Honda Motor Co. Ltd.
- Accuray Incorporated
- AeroVironment, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Commercial Robots Market, by Application
1.4.2 Europe Commercial Robots Market, by Type
1.4.3 Europe Commercial Robots Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2020, Aug – 2023, Mar) Leading Players
Chapter 4. Europe Commercial Robots Market by Application
4.1 Europe Medical & Healthcare Market by Country
4.2 Europe Defense & Security Market by Country
4.3 Europe Agriculture & Forestry Market by Country
4.4 Europe Marine Market by Country
4.5 Europe Others Market by Country
Chapter 5. Europe Commercial Robots Market by Type
5.1 Europe Autonomous Guided Robotics Market by Country
5.2 Europe Medical Robots Market by Country
5.3 Europe Drones Market by Country
5.4 Europe Field Robots Market by Country
5.5 Europe Others Market by Country
Chapter 6. Europe Commercial Robots Market by Country
6.1 Germany Commercial Robots Market
6.1.1 Germany Commercial Robots Market by Application
6.1.2 Germany Commercial Robots Market by Type
6.2 UK Commercial Robots Market
6.2.1 UK Commercial Robots Market by Application
6.2.2 UK Commercial Robots Market by Type
6.3 France Commercial Robots Market
6.3.1 France Commercial Robots Market by Application
6.3.2 France Commercial Robots Market by Type
6.4 Russia Commercial Robots Market
6.4.1 Russia Commercial Robots Market by Application
6.4.2 Russia Commercial Robots Market by Type
6.5 Spain Commercial Robots Market
6.5.1 Spain Commercial Robots Market by Application
6.5.2 Spain Commercial Robots Market by Type
6.6 Italy Commercial Robots Market
6.6.1 Italy Commercial Robots Market by Application
6.6.2 Italy Commercial Robots Market by Type
6.7 Rest of Europe Commercial Robots Market
6.7.1 Rest of Europe Commercial Robots Market by Application
6.7.2 Rest of Europe Commercial Robots Market by Type
Chapter 7. Company Profiles
7.1 Google LLC (Alphabet, Inc.)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 Omron Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Boston Dynamics (Hyundai Motor Company)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Product Launches and Product Expansions:
7.4 Northrop Grumman Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research and Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Acquisition and Mergers:
7.5 iRobot Corporation (Amazon.com, Inc.)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.6 Kuka AG (Midea Investment Holding Co., Ltd.)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.5.2 Product Launches and Product Expansions:
7.7 Yaskawa Electric Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Recent strategies and developments:
7.7.4.1 Product Launches and Product Expansions:
7.8 Honda Motor Co. Ltd.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.9 Accuray Incorporated
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 Recent strategies and developments:
7.9.5.1 Product Launches and Product Expansions:
7.10. AeroVironment, Inc.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expenses
7.10.5 Recent strategies and developments:
7.10.5.1 Product Launches and Product Expansions:
7.10.5.2 Acquisition and Mergers:
TABLE 1 Europe Commercial Robots Market, 2019 - 2022, USD Million
TABLE 2 Europe Commercial Robots Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Commercial Robots Market
TABLE 4 Product Launches And Product Expansions– Commercial Robots Market
TABLE 5 Acquisition and Mergers– Commercial Robots Market
TABLE 6 Europe Commercial Robots Market by Application, 2019 - 2022, USD Million
TABLE 7 Europe Commercial Robots Market by Application, 2023 - 2029, USD Million
TABLE 8 Europe Medical & Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 9 Europe Medical & Healthcare Market by Country, 2023 - 2029, USD Million
TABLE 10 Europe Defense & Security Market by Country, 2019 - 2022, USD Million
TABLE 11 Europe Defense & Security Market by Country, 2023 - 2029, USD Million
TABLE 12 Europe Agriculture & Forestry Market by Country, 2019 - 2022, USD Million
TABLE 13 Europe Agriculture & Forestry Market by Country, 2023 - 2029, USD Million
TABLE 14 Europe Marine Market by Country, 2019 - 2022, USD Million
TABLE 15 Europe Marine Market by Country, 2023 - 2029, USD Million
TABLE 16 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 17 Europe Others Market by Country, 2023 - 2029, USD Million
TABLE 18 Europe Commercial Robots Market by Type, 2019 - 2022, USD Million
TABLE 19 Europe Commercial Robots Market by Type, 2023 - 2029, USD Million
TABLE 20 Europe Autonomous Guided Robotics Market by Country, 2019 - 2022, USD Million
TABLE 21 Europe Autonomous Guided Robotics Market by Country, 2023 - 2029, USD Million
TABLE 22 Europe Medical Robots Market by Country, 2019 - 2022, USD Million
TABLE 23 Europe Medical Robots Market by Country, 2023 - 2029, USD Million
TABLE 24 Europe Drones Market by Country, 2019 - 2022, USD Million
TABLE 25 Europe Drones Market by Country, 2023 - 2029, USD Million
TABLE 26 Europe Field Robots Market by Country, 2019 - 2022, USD Million
TABLE 27 Europe Field Robots Market by Country, 2023 - 2029, USD Million
TABLE 28 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 29 Europe Others Market by Country, 2023 - 2029, USD Million
TABLE 30 Europe Commercial Robots Market by Country, 2019 - 2022, USD Million
TABLE 31 Europe Commercial Robots Market by Country, 2023 - 2029, USD Million
TABLE 32 Germany Commercial Robots Market, 2019 - 2022, USD Million
TABLE 33 Germany Commercial Robots Market, 2023 - 2029, USD Million
TABLE 34 Germany Commercial Robots Market by Application, 2019 - 2022, USD Million
TABLE 35 Germany Commercial Robots Market by Application, 2023 - 2029, USD Million
TABLE 36 Germany Commercial Robots Market by Type, 2019 - 2022, USD Million
TABLE 37 Germany Commercial Robots Market by Type, 2023 - 2029, USD Million
TABLE 38 UK Commercial Robots Market, 2019 - 2022, USD Million
TABLE 39 UK Commercial Robots Market, 2023 - 2029, USD Million
TABLE 40 UK Commercial Robots Market by Application, 2019 - 2022, USD Million
TABLE 41 UK Commercial Robots Market by Application, 2023 - 2029, USD Million
TABLE 42 UK Commercial Robots Market by Type, 2019 - 2022, USD Million
TABLE 43 UK Commercial Robots Market by Type, 2023 - 2029, USD Million
TABLE 44 France Commercial Robots Market, 2019 - 2022, USD Million
TABLE 45 France Commercial Robots Market, 2023 - 2029, USD Million
TABLE 46 France Commercial Robots Market by Application, 2019 - 2022, USD Million
TABLE 47 France Commercial Robots Market by Application, 2023 - 2029, USD Million
TABLE 48 France Commercial Robots Market by Type, 2019 - 2022, USD Million
TABLE 49 France Commercial Robots Market by Type, 2023 - 2029, USD Million
TABLE 50 Russia Commercial Robots Market, 2019 - 2022, USD Million
TABLE 51 Russia Commercial Robots Market, 2023 - 2029, USD Million
TABLE 52 Russia Commercial Robots Market by Application, 2019 - 2022, USD Million
TABLE 53 Russia Commercial Robots Market by Application, 2023 - 2029, USD Million
TABLE 54 Russia Commercial Robots Market by Type, 2019 - 2022, USD Million
TABLE 55 Russia Commercial Robots Market by Type, 2023 - 2029, USD Million
TABLE 56 Spain Commercial Robots Market, 2019 - 2022, USD Million
TABLE 57 Spain Commercial Robots Market, 2023 - 2029, USD Million
TABLE 58 Spain Commercial Robots Market by Application, 2019 - 2022, USD Million
TABLE 59 Spain Commercial Robots Market by Application, 2023 - 2029, USD Million
TABLE 60 Spain Commercial Robots Market by Type, 2019 - 2022, USD Million
TABLE 61 Spain Commercial Robots Market by Type, 2023 - 2029, USD Million
TABLE 62 Italy Commercial Robots Market, 2019 - 2022, USD Million
TABLE 63 Italy Commercial Robots Market, 2023 - 2029, USD Million
TABLE 64 Italy Commercial Robots Market by Application, 2019 - 2022, USD Million
TABLE 65 Italy Commercial Robots Market by Application, 2023 - 2029, USD Million
TABLE 66 Italy Commercial Robots Market by Type, 2019 - 2022, USD Million
TABLE 67 Italy Commercial Robots Market by Type, 2023 - 2029, USD Million
TABLE 68 Rest of Europe Commercial Robots Market, 2019 - 2022, USD Million
TABLE 69 Rest of Europe Commercial Robots Market, 2023 - 2029, USD Million
TABLE 70 Rest of Europe Commercial Robots Market by Application, 2019 - 2022, USD Million
TABLE 71 Rest of Europe Commercial Robots Market by Application, 2023 - 2029, USD Million
TABLE 72 Rest of Europe Commercial Robots Market by Type, 2019 - 2022, USD Million
TABLE 73 Rest of Europe Commercial Robots Market by Type, 2023 - 2029, USD Million
TABLE 74 Key Information – Google LLC
TABLE 75 Key Information – Omron Corporation
TABLE 76 key Information – Boston Dynamics
TABLE 77 Key Information – Northrop Grumman Corporation
TABLE 78 Key Information – iRobot Corporation
TABLE 79 Key Information – Kuka AG
TABLE 80 Key Information – Yaskawa Electric Corporation
TABLE 81 key Information – Honda Motor Co. Ltd.
TABLE 82 Key Information – Accuray Incorporated
TABLE 83 Key Information – AeroVironment, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2020, Aug – 2023, Mar) Leading Players
FIG 5 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 6 SWOT Analysis: Omron Corporation
FIG 7 Recent strategies and developments: Boston Dynamics
FIG 8 Recent strategies and developments: Kuka AG
FIG 9 Recent strategies and developments: AeroVironment, Inc.