Industrial Robotics - Sweden

  • Sweden
  • Revenue in the Industrial Robotics market is projected to reach €295.90m in 2024.
  • Automotive industry robotics dominates the market with a projected market volume of €118.80m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.98%, resulting in a market volume of €648.20m by 2029.
  • In global comparison, most revenue will be generated in China (€1,506,000.00k in 2024).

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

 
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Comparaison de régions
 
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Analyst Opinion

The Industrial Robotics market in Sweden is currently experiencing sluggish growth, with various factors such as slow adoption of digital technologies, limited awareness among industries, and the high cost of implementation hindering its development. However, the potential for growth in sub-markets such as Automotive, Chemical, Electric/Electronic, Food, Metal, and Other industries may drive the overall market in the future.

Customer preferences:
The growing demand for automation and efficiency in the manufacturing sector has led to a rise in the adoption of industrial robotics in Sweden. This trend is driven by the country's advanced technological infrastructure, skilled workforce, and favorable government policies. Additionally, the rise of Industry 4.0 and the need for flexible and agile production processes have further fueled the demand for industrial robotics in Sweden. These factors are expected to continue to drive growth in the market, as companies seek to enhance their productivity and competitiveness.

Trends in the market:
In Sweden, the Industrial robotics market is experiencing a surge in the implementation of collaborative robots, also known as cobots. These robots are designed to work alongside humans, increasing productivity and improving workplace safety. This trend is expected to continue as companies increasingly adopt automation to improve efficiency and reduce costs. Additionally, there is a growing focus on incorporating artificial intelligence and machine learning technologies into industrial robots, allowing for more advanced and autonomous operations. This trend towards smarter and more flexible industrial robots has significant implications for industry stakeholders, as it will require upskilling and retraining of the workforce and potentially disrupt traditional manufacturing processes. However, it also presents opportunities for companies to stay competitive in a rapidly evolving market.

Local special circumstances:
In Sweden, the Industrial robotics market is thriving due to the country's strong focus on sustainability and innovation. The government has implemented policies to encourage the adoption of automation in industries, leading to a high demand for industrial robots. Additionally, the Swedish culture values efficiency and precision, making industrial robotics a natural fit. Furthermore, the country's strict regulations on labor and safety standards have also contributed to the growth of the market, as companies turn to robots to improve production processes and ensure compliance.

Underlying macroeconomic factors:
The growth of the Industrial robotics market in Sweden is influenced by macroeconomic factors such as advancements in technology, government support, and investments in industrial infrastructure. Countries with favorable regulatory environments and significant investments in industrial automation are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Moreover, the increasing demand for efficient and cost-effective production processes, coupled with the rising adoption of automation in various industries, is driving the growth of the Industrial robotics market in Sweden.

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.

Vue d’ensemble

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