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Industrial Robotics Market was valued at USD 47.33 Billion in 2022, and is expected to reach USD 103.34 Billion by 2029, exhibiting a CAGR of 11.8 % during the forecast period (2023-2029)
Industrial Robotics Market Overview:
The primary goal of this research is to assist the user in understanding the Industrial Robotics Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Industrial Robotics industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Industrial Robotics Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Industrial Robotics Market Segmentation:
According to type, industrial robots can be classified as articulated, Cartesian, SCARA, cylindrical, and other varieties. Due to technological advancements that have enhanced its versatility to execute a variety of activities and payload capabilities, the articulated robots category is anticipated to hold the largest industrial robotics market share over the projection period. The three rotary joints that make up an articulated robot's base give it movements that are comparable to those of the human hand. It can be fixed or mobile depending on the situation.
These robots can move around in a sphere of space. These robots are very useful for picking and assembling tasks in the manufacturing sector. In addition to other uses, an articulated robot can be used for welding, material handling, and dispensing. These robots can improve warehouse efficiency.
The industrial robotics market is divided based on function into milling, cutting, and processing; material handling; assembling and disassembling; painting and dispensing; and others. In terms of revenue, the industrial robots market's material handling function is the largest. Due to the rising demand for industrial robots that perform the task of material handling, it now makes for more than one-third of the global industrial robotics market and is anticipated to continue being the largest sector over the projected period.
The industrial robots market is divided into automotive, electrical & electronics, chemical, rubber & plastics, machinery, metals, food & beverages, precision & optics, and others based on end-use industry. The global market for industrial robots is dominated by the automobile industry. It currently represents 43.9% of the global market for industrial robotics. The market is anticipated to increase at a CAGR of 8.9% over the projection period, but at a modest rate due to the slowdown in the automobile industry.
The demand for industrial robots in the automotive industry is driven by the loading and unloading of large goods, handling with precision, and rapid assembling-disassembling. Companies and organizations involved in the design, development, production, marketing, and sale of automobiles are considered to be part of the automotive industry.
1. Global Industrial Robotics Market Size, by Type (2023-2029)
• Articulated
• Cartesian
• SCARA
• Cylindrical
• Others
2. Global Industrial Robotics Market Size, by Function (2023-2029)
• Automotive
• Electrical & Electronics
• Chemical, Rubber & Plastics
• Machinery
• Metals
• Food & Beverages
• Precision & Optics
• Others
3. Global Industrial Robotics Market Size, by End-Use Industry (2023-2029)
• Soldering & Welding
• Materials Handling
• Assembling & Disassembling
• Painting & Dispensing
• Milling, Cutting, & Processing
• Others
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Industrial Robotics Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Industrial Robotics market are
1. Daihen Corporation
2. Denso Corporation
3. Epson America, Inc.
4. Fanuc Ltd.
5. Kawasaki Heavy Industries Ltd.
6. KUKA Robotics Corporation
7. Mitsubishi Electric Corporation
8. Nachi Robotic Systems, Inc.
9. Panasonic Corporation
10. Universal Robotics
11. Yaskawa Electric Corporation
12. ABB Ltd.
13. Robofusion
14. Kobelco Paint Robot
15. Kobe Steel Limited
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Regional Analysis:
The report focuses on Global Regions and Market Size of Industrial Robotics, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Industrial Robotics Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Industrial Robotics industry in 2021.
Key Questions Answered in the Industrial Robotics Market Report are:
- What is the function of Industrial Robotics?
- What is the predicted revenue generation of the Industrial Robotics market?
- At what growth rate is the Industrial Robotics market evolving?
- Who are the major market giants operating in the Industrial Robotics market?
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Industrial Robotics
Market
According to Market Research Future (MRFR), the global industrial
robotics market size is expected to expand at a rate of more than
14% from 2016 to 2022 (forecast period). The study on the global industrial
robotics market discusses the COVID-19 review on a critical factor influencing
the market growth. The research explores competition in regional and global
markets, including a systematic assessment of factors that could significantly
affect the outlook of the industry over the forecast period.
Industrial robotics is a system used for manufacturing, welding, painting,
assembling, packaging and testing, and many other industrial applications.
These are automated, programmable machines that minimize the high and tiring effort
of producing and manufacturing consumer goods. Among its various articulated
forms, SCARA and Cartesian robots are primarily used by industries.
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Market Dynamics
The primary driver of the growth of the industrial robotics market is the
high demand for robotics products in industrial applications, especially in the
manufacturing sector, the increasing investment of the automotive industry in
technological innovation, and the increasing adoption of robotics in small and
medium-sized organizations, among others.
Market Segmentation
The global market for industrial robotics has been segmented on the basis of
types, applications, and end-users.
On the basis of types, the global industrial robotics market has been
segmented into cartesian, SCARA, articulated, delta, 6-axis robots, redundant,
dual-arm, and parallel, among others. The articulated robot segment held the
largest market share in the global industrial robotics market in 2016 due to
the increased use of these robots in the packaging and healthcare sectors of
emerging economies.
Based on application, the global industrial robotics market has been
segmented into material handling, welding, assembling, palletizing, and
painting, among others.
Based on end-users, the global industrial robotics market has been segmented
into automotive, electronics, rubber & plastic, entertainment, food &
beverage, and pharmaceuticals, among others. The automotive industry is the
main end-user of industrial robots. However, growth in the segment is expected
to plunge due to a projected slowdown in the automotive industry during the
assessment period. The food and beverage segment is projected to see the
highest growth rate in the near future due to a rising food and beverage
industry around the globe.
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Regional Analysis
Regionally, the global industrial robotics market has been segmented into
Europe, Asia Pacific, North America, and the rest of the world.
The Asia Pacific dominates the global market for industrial robotics with
the highest market share. Japan is the leading market for industrial robotics
& countries such as China and India are responsible for half of the market
revenue and are therefore projected to rise with the highest revenue by 2022, followed
by Europe. Europe is the second-highest market for industrial robotics, with
more than 50% of the European enterprises adopting robotics technology in order
to conduct their operations. North America is also showing a successful
development in the industrial robotics industry in the coming years.
Key Players
Some of the industry giants in the global industrial robotics industry
include ABB Ltd. (Switzerland), Denso Corporation (Japan), Kuka AG (Germany),
Kawasaki Heavy Industries Ltd. (Japan), Bosch GmbH (Germany), Yaskawa Electric
Corporation (Japan), Fanuc Corporation (Japan), Mitsubishi Electric Corporation
(Japan), Rockwell Automation, Inc. (U.S.) and Toshiba Corporation (Japan) among
others.
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Global Industrial Robotics Market was worth US$ 41.23 Bn in 2020 and total revenue is expected to grow at a rate of 7 % CAGR from 2021 to 2027, reaching almost US$ 66.21 Bn in 2027.
Global Industrial Robotics Market Overview:
The Maximize Market Research, report on Global Industrial Robotics Market 2021 by Manufacturers, Regions, Segmentation, key players and Application, Forecast to 2027, is the culmination of thorough primary and secondary research. Global Industrial Robotics Market 2021 Industry Research Report offers top-down and bottom-up methodologies, as well as analytical tools like Porter's Five Force Analysis, SWOT and PESTLE analysis to find Opportunities, Challenges, Restraints, and Trends in the Global Industrial Robotics Market. In addition Import/export consumption, supply and demand figures, cost, price, income, and gross margins are all included in this report.
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Global Industrial Robotics Market Scope:
Maximize Market Research report analysed the potential of " Global Industrial Robotics Market" in 2021. This report contains information about the manufacturers, such as shipping, value, income, net revenue, business circulation, and so on. This information allows the consumer to focus better about the competitors. This study also includes information on each of the world's regions and countries, including market size, volume, and worth, along with value information. The study also includes section information, such as type segment, industry segment, channel segment, and so on, as well as market size, both volume and value, for each segment.
The Global Industrial Robotics Market Report 2021 offers a thorough analysis of major segments such as market opportunities, market dynamics, key manufacturers, growth rate, import/export information, and key regions. Curcumin market reports provide a comprehensive analysis of the Global Industrial Robotics market, including enabling technologies, present industry scenario, market assumptions, and restraint factors.
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Global Industrial Robotics Market Key Players:
• ABB Ltd.
• Kawasaki Heavy Industries, Ltd.
• Yaskawa Electric Corporation
• Fanuc Corporation
• Kuka AG
• Mitsubishi Electric Corporation
• Denso Corporation
• Nachi-Fujikoshi Corp.
• Comau S.P.A.
• Universal Robots A/S
• CMA Robotics S.P.A.
• FUJIKOSHI
• EPSON
• Omron Adept
• Stäubli
• Yamaha
• ST Robotics
The Competitive landscape provides the market share of major key players, along with the important strategies adopted for development and their recent financial performance over the past five years. This insights are expected to aid companies to know their competition at domestic and worldwide levels. In addition, reports covers company profiles, includes the product offerings, key financial information, country-level analysis, integrating the demand and supply forces, which are influencing the growth of the market.
Regional Analysis:
Geographically, Global Industrial Robotics market report is segmented into several key countries, such as North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa. In addition report provides market size, growth rate, import and export, offers country-level analysis, integrating the demand and supply forces of Global Industrial Robotics market of these countries that are influencing the growth of the market.
COVID-19 Impact Analysis on Global Industrial Robotics Market:
The report has analysed overall global impact of COVID-19 on Global Industrial Robotics market. The report offers a thorough examination of the Global Industrial Robotics market's alternatives, challenging conditions, and difficult possibilities during this crisis. The report briefly discusses the benefits and challenges of the COVID-19 in terms of funding and market expansion. Furthermore, the study includes a collection of concepts that should assist readers in establishing and planning a corporate strategy.
In majority of the countries surveyed, public health has improved, particularly as COVID-19 immunisation campaigns have made significant headway. Supply-chain constraints and rising inflation are the two most pressing economic issues. Fortunately, reports forecasted that these problems will be temporary.
Key Questions answered in the Global Industrial Robotics Market Report are:
- What segments are covered in the Curcumin Market report?
- Which region is expected to hold the highest share in the Global Industrial Robotics Market?
- What will be the CAGR of the Global Industrial Robotics market during the forecast period?
- What is the market size of the Global Industrial Robotics Market by 2027?
- What is the forecast period for the Global Industrial Robotics Market?
- What was the market size of the Global Industrial Robotics Market in 2020?
- Global Industrial Robotics is manufactured by which manufacturing technology? What are the latest advancements in the technology? What are the trends that are causing these changes?
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Global Industrial Robotics Market was worth US$ 41.23 Bn in 2020 and total revenue is expected to grow at a rate of 7 % CAGR from 2021 to 2027, reaching almost US$ 66.21 Bn in 2027.
Global Industrial Robotics Market Overview:
The Global Industrial Robotics Market research analysis report examines historical data as well as emerging technology to determine what is driving the industry's growth. The report also contains expert guidance to assist customers in focusing on their development objectives and making educated decisions. This research inquiry discusses the most crucial trend prospects and major drivers for the Global Industrial Robotics market's growth. The market assessment for Global Industrial Robotics also includes the opportunities and constraints that may affect market growth.
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COVID-19 Impact:
The COVID-19 accident has a wide-ranging influence on several racial and ethnic groups. Income and wealth, access to and utilisation of health care, education, occupation, discrimination, and housing are all interconnected socioeconomic determinants of health. For emerging market and developing countries, economic headwinds will come from a variety of directions. Even this dismal estimate is riddled with unknowns and significant risks. Primary and secondary research were utilised to identify major market participants, and primary and secondary research was used to determine their market shares.
Major Kay players:
• ABB Ltd.
• Kawasaki Heavy Industries, Ltd.
• Yaskawa Electric Corporation
• Fanuc Corporation
• Kuka AG
• Mitsubishi Electric Corporation
• Denso Corporation
• Nachi-Fujikoshi Corp.
• Comau S.P.A.
• Universal Robots A/S
• CMA Robotics S.P.A.
• FUJIKOSHI
• EPSON
• Omron Adept
• Stäubli
• Yamaha
• ST Robotics
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About Us:
Maximize Market Research provides B2B and B2C research on 12000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defence and other manufacturing sectors.
Contact Us:
MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT Park Phase 2,
Pune Bangalore Highway,
Narhe, Pune, Maharashtra 411041, India.
Email:sales@maximizemarketresearch.com
Phone No.: +91 20 6630 3320
Website:www.maximizemarketresearch.com
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