"Global Industrial Robotics Market: Market Segmentation: By Product Type (SCARA Robots, Articulated Robots, Human-Assist Robots, Cartesian Robots); By Application (Handling, Dispensing, Welding and Soldering, Assembling and Disassembling and Others); By End Users (Food and Beverage, Automotive, Healthcare and Pharmaceuticals, Electrical and Electronics and Others) and Region Analysis of Market Size, Share and Trends for 2014 2019 and Forecasts to 2030"
Global Industrial Robotics Market research [Modern Report 2023] provides industry experts with a comprehensive and expert investigation of the current trends. This statistical survey provides current industry information and forecasts. This market lookup additionally presents statistics on the market boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected forecast period till 2030. ASK FOR A SAMPLE REPORT
The Industrial Robotics Market Report covers potential improvement drivers as properly as the modern-day key of market share, penetration of a number of kinds, technologies, applications, and areas through forecast till 2030.
Helps you identify the customers and products that drive revenue and profit growth. The report examines the key drivers and restraints of the key players. It also provides information on the status of development and challenges. The report highlights potential opportunities in the Industrial Robotics Market rate markets and examines the impact of different elements in the analysis.
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Overview of Industrial Robotics Market:
Industrial robot is an automatic robot system used for the purpose of manufacturing in various companies. These are programmable mechanical devices capable of performing repetitive and dangerous tasks eliminating the human workforce ensuring higher accuracy. Robots comprise of machine vision sub-systems that act as their visual sensors that are connected to powerful controllers, used for more precise directions. Industrial robots could be characterized into Gantry Robots, SCARA Robots, Cartesian Robots, Articulated Arm Robots, Human Assist Robots depending upon the type of application and tasks to be performed in different industries. Robotics also provides software programming, recommendations, and training along with information and resources for the companies to design systems, determine low-cost solutions, or provide retrofitting of the used systems of application.
Global Industrial Robotics Market is expected to project a notable CAGR in 2030.
Global Industrial Robotics Market to surpass USD million by 2030 from USD million in 2020 at a CAGR of throughout the forecast period, i.e. 2020-30. Global Industrial Robotics Market is expected to observe growth in the future due to its advanced technologies offering a reduction in costs, increased rate of operations, improved quality, and manufacturing efficiency to the industries. The incorporation of Artificial Intelligence such as the development of self-programming robots and deep learning is expected to accelerate the growth of the industrial robotics market.
Recent Highlights in Global Industrial Robotics Market
In October 2019, ABB (Switzerland) announced investment in Shanghai, China worth USD 150 million for setting up an advanced robotics factory to manufacture robots that would be operational by the end of 2020.
Global Industrial Robotics Market: Segments
Articulated Robots segment to grow with the highest CAGR during 2019-30
Global Industrial Robotics Market is segmented by product type into SCARA Robots, Articulated Robots, Human-Assist Robots, Cartesian Robots. The articulated Robots segment held the largest market share of in the year 2018 and is anticipated to dominate the global market throughout the forecast period. Articulated robots hold diverse uses such as assembling and packaging, welding, painting, palletizing, etc., and are not limited to move along a corresponding coordinate axis and have a flexible movement allowing them to perform complex tasks.
Handling segment to grow with the highest CAGR during 2019-30
Global Industrial Robotics Market is segmented by application into Handling, Dispensing, Welding and Soldering, Assembling and Disassembling and Others. The material Handling segment held the largest market share of in the year 2019 and is expected to maintain this trend throughout the forecast period.
Automotive segment to grow with the highest CAGR during 2019-30
Global Industrial Robotics market is also segmented by end-users into Food and Beverage, Automotive, Healthcare and Pharmaceuticals, Electrical and Electronics, and Others. Automotive segment held the largest market share of in the year 2018 and is anticipated to grow with the highest CAGR throughout the forecast period. Automotive industry is the largest user of industrial robots for manufacturing and assembling components such as chassis, engines, brakes, etc. Healthcare and pharmaceutical segment is also expected to witness growth since robotics applications enable us to work in sterile environments eliminating the possibility of contamination from environment or humans at the time of component transfer.
Automation and mounting industrialization
Government bodies and industries are implementing significant schemes for promoting advanced manufacturing technology by introducing automation which has simplified the production process and mostly eliminated the use of human labor in performing various operations, thus, leading to a fall in the costs of production. Rapid industrialization has also fostered the growth of the industrial robotics market.
Dearth of skilled workforce
Shortage of skilled workforce leads to higher labor costs which have encouraged industries to adopt industrial robotics solutions that tend to reduce their labor costs and offer high efficiency, productivity and profits. Tasks that face difficulty to be performed by human workforce favor the adoption of industrial robotics since it simplifies the operation and increases productivity.
High Investment Costs
Higher installation and investment costs are incurred for the functioning of industrial robots in various industries which is a key restraining factor for the growth of the industrial robotics market.
Impact of Covid-19 on Industrial Robotics Market
The implementation of lockdown throughout the world has caused disruption of activities among various industries which has hampered the growth of the industrial robotics market. Automotive industry majorly makes use of industrial robots in manufacturing and assembling processes of engines, axles, chassis, etc., pandemic has slowed down the production process considerably reducing consumer demand as a result of which a fall in the investment by vehicle manufacturers is anticipated to affect the industrial robots’ market. Shortage of skilled laborers due to the spread of coronavirus has encouraged manufacturers to turn to automation which would reduce the manufacturing costs, but high installation and investment costs are incurred for the functioning of industrial robots in various end-use industries which have adversely impacted the industrial robotics market.
Global Organic Market: Key Players
Key Product Offerings
Key Performance Indicators
Omron Adept (US)
Other Prominent Players
Global Industrial Robotics Market: Regions
Global Industrial Robotics market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.
Global Industrial Robotics market in Asia Pacific region held the largest market share of in the year 2018 due to rising automation majorly in manufacturing industry. Additionally, rising disposable income and population of the economy have led to an increase in consumer demand and consumption, subsequently led to a rise in the production capacity that could be enhanced with the use of robots in industrial applications.
Global INDUSTRIAL ROBOTICS market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Industrial Robotics market report also contains analysis on:
Industrial Robotics Market Segments:
By Product Type
Welding and Soldering
Assembling and Disassembling
Food and Beverage
Healthcare and Pharmaceuticals
Electrical and Electronics
Industrial Robotics Market Dynamics
Industrial Robotics Market Size
Supply and Demand
Competition and Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
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This report provides detail analysis of the market and have a comprehensive understanding of the Industrial Robotics market and its commercial landscape. Learn about the various market strategies that are being adopted by leading companies.It provides a five-year forecast assessed based on how the Industrial Robotics market is predicted to grow.It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.To understand the future scope and outlooks for the Industrial Robotics market.Industrial Robotics Market Forecast by regions, type and application, with sales and revenue, from 2023.Industrial Robotics Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
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Detailed TOC of Global Industrial Robotics Market Outlook to 2030
2.Industrial Robotics Market
2.1. Product Overview
2.2. Market Definition
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4.Average Pricing Analysis
5. Macro-Economic Indicators
6.1. Growth Drivers
7.Correlation and Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8.Recent Development, Policies and Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10.Industrial Robotics Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.2. PEST Analysis
11 Industrial Robotics Market
11.1. Market Size and forecast, 2019A-2030F
11.1.1. By Value (USD Million) 2019-2030
11.1.2. By Volume (Million Units) 2019-2030
12.Industrial Robotics: Market Segmentation
12.1. By Regions
13. Company Profile
13.1.2. Company Overview
13.1.3. Company Total Revenue (Financials)
13.1.4. Market Potential
13.1.5. Global Presence
13.1.6. Key Performance Indicators
13.1.7. SWOT Analysis
13.1.8. Product Launch
14. Consultant Recommendation
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