Market Research Report
Germany Soft Robotics Market Forecast 2021-2026
|Germany Soft Robotics Market Forecast 2021-2026|
Published: October 11, 2021
Content info: 116 Pages
Delivery time: 2-3 business days
The Germany soft robotics market is predicted to record a CAGR of 27.40% during the forecast period, 2021-2026. According to the International Federation of Robotics (IFR), the use of industrial robots in Germany is three times that of Italy, ten times that of the UK, and five times that of France.
The rising automation in different industries is a key growth driver. For instance, myEnso, a German-based online grocery supplier, chose Geek+, a technology company that provides autonomous mobile robots for warehouses, to upgrade its distribution center with a goods-to-person robotics solution.
Also, collaborative robots' use is increasing with growing automation in the industrial and manufacturing sectors. In addition, several market players are witnessing developments. For example, an AI-powered collaborative robot by Covariant.ai helped pick up boxes and bags for Obeta, a German electronics retailer, in January 2020.
Further, Germany's robotics and automation technologies are in demand worldwide. This offers ample growth opportunities. The country is also a lucrative market for producers of innovative peripheral equipment and automation technology. Moreover, Germany is considered to be the largest market for multipurpose industrial robots in Europe. Their increasing use is seen in sectors like glass & ceramics, plastics & rubber, food & packaging, wood & furniture, and household appliances. Such factors drive market growth in Germany.
F&P Personal Robotics, Piab AB, Festo AG, Fanuc Corporation, etc., are among the leading companies in the market.