Market Research Report
Europe Soft Robotics Market Forecast 2021-2028
|Europe Soft Robotics Market Forecast 2021-2028|
Published: October 11, 2021
Content info: 154 Pages
Delivery time: 2-3 business days
The Europe soft robotics market growth is anticipated to progress at a CAGR of 27.60% during the forecast period, 2021-2028. The growing adoption of robots in multiple sectors and the presence of top developers of new robotics technology propel market growth.
Russia, Scandinavia, Belgium, France, Germany, the United Kingdom, Italy, and Rest of Europe are evaluated for the Europe soft robotics market growth analysis. Italy's scientific research in the field of robotics is globally recognized. It has also made inroads into the space sector. At the same time, robotics extends beyond research centers and businesses in Italy. In addition, it is the only country worldwide to have its own national Zero Robotics Championship.
Further, e-commerce is developing fast in the country, registering double-digit growth annually since 2014. Also, it is set to project steady growth with the rising Consumer-to-Consumer (C2C), Business-to-Consumer (B2C), and Business-to-Business (B2B) transactions. Besides, COVID-19 has increased online shopping at triple-digit rates. This will further structurally change the logistics & warehousing sector.
In Russia, the manufacturing sector holds the major share of the GDP. Also, smart factories are designed for manufacturing a new generation of goods. This includes matching serial production costs of the current technological mode. In addition, the retail sector growth has increased with the rising year-on-year expenditure. Moreover, the growing trends of e-commerce are attracting foreign investments in intralogistics and warehousing. This is accredited to cross-border commerce and market fundamentals.
Rolls-Royce Holdings Plc, Festo AG, Soft Robotics Inc, qbobotics, Rewalk Robotics Ltd, etc., are among the eminent market players.