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2022
Industrial Robotics Market

Industrial Robotics Market

by Type (Articulated, Cartesian, SCARA, Cylindrical, and Others), Industry (Automotive, Electrical & Electronics, Chemical Rubber & Plastics, Machinery, Food & Beverage, and Others), and Function (Soldering & Welding; Materials Handling; Assembling & Disassembling; Painting & Dispensing; Milling, Cutting, & Processing; and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

✷  Report Code: A00126
Pages: 240
Feb 2022 | 53854 Views
Author(s) : Digvijay P
Tables: 119
Charts: 82
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COVID-19

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The global industrial robotics market size was $37,876.0 million in 2020, and is expected to reach $116,848.7 million by 2030, with a CAGR of 11.7% from 2021 to 2030. An industrial robot is a type of mechanical machine that is provided  with input to perform the tasks automatically that are related to the production in the industries. These robots are reprogrammable and the program can be changed as many times depending on the usage and industrial requirement. For  automation applications, industrial robots help in increasing the productivity with reducing the costs and producing high-quality products. Most of the industrial robots consists of drive, end-effector, robotic manipulator, sensors, and controllers. The robotic controller is the brain of the robot that helps in giving instructions. Robot sensors consist of microphones and cameras that keep the robot aware about the industrial environment. Robotic manipulator is generally the arm of the robot that helps the robot in moving and positioning, while the end effectors help in interacting the robot with the workpieces. Five types of robots used in the industries include collaborative, cartesian, SCARA, cylindrical, and articulated. The type of robot selected depends upon the degree of freedom of movement, size required, and payload capacities. industrial robots help in optimizing manufacturing for healthy and efficient process.

The industrial robotics market was hampered during the outbreak of COVID-19 pandemic, owing to restrictions on manufacturing activities, which also affected sales sector. In addition, the industrial robots could not be effectively sold through OEMs during the lockdown period.

Labor charges across the UK grow by more than 12% every year, thus resulting in shortage of workers. To overcome such problems, market players are investing in industrial robotics. For instance, in January 2022, Rishi Sunak, the chancellor of the Exchequer invested in robotics to help the UK population and the economy to tackle the crisis of inflation caused due to labor shortage. In addition, it is estimated that the labor cost will increase by more than 20% in the U.S.. Hence, this leads to increase in initiatives taken by industries to use robots to compensate with the labor charge and shortage, which drives the industrial robotics market. In addition, as per the data from the factories and industries of North America, manufacturers and industrial users ordered more than 35%, or more than 25,000 robots, in 2021. compared to 2019. High imports of robots are attributable to their use in the microelectronics industry that uses  small robots to pick and place  small components .As per the trends the global microelectronic industry is grown by more than 10% since 2010. Hence, the growth in microelectronic industry requiring larger number of robots is expected to drive the industrial robot market.

Industrial-Robotics-Market

Furthermore, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. Construction and transportation activities, along with the supply chains, were hampered on a global level. This led to decline in manufacturing of industrial robots as well as their demand in the market, thereby restraining the industrial robotics market growth. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to re-initiate industrial robotics companies at their full-scale capacities, which is likely to help the market to recover by end of 2021.

In January 2022, DHL supply chain invested $15 million over the robotic solutions for supply chain network in the warehouses. Robots help in easy  supply chain network by decreasing long-term cost, increasing  productivity, reducing error and optimizing picking operations. it is estimated that the supply chain market would grow by more than 100% till 2026 as per the industrial robotics market trends. Hence, with growing supply chain network, surge in requirement for cost saving, and increase in efficiency are creating new opportunities for the market.

The industrial robotics market is segmented on the basis of type, industry, function, and region. On the basis of type, the market is segmented into articulated, cartesian, SCARA, cylindrical, and others. By industry, it is classified as automotive, electrical & electronics, chemical, rubber & plastics, machinery, food & beverage, and others. By function, it is categorized into soldering & welding; materials handling; assembling & disassembling; painting & dispensing; milling, cutting, & processing; and others.

Industrial Robotics Market
By Type

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Cylindrical segment is projected to grow at a significant CAGR

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Region wise, the industrial robotics market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global industrial robotics market share, and LAMEA is anticipated to secure a leading position during the forecast period.

On the basis of type, in 2020, the articulated segment dominated the industrial robotics market, in terms of revenue, whereas the cylindrical segment is expected to witness growth at the highest CAGR during the forecast period. As per industry, in 2020, the electrical & electronics segment dominated the market, however, the food & beverages segment is expected to exhibit highest CAGR in the near future. By function, the materials handling segment led the market in 2020, in terms of revenue; however, the painting & dispensing segment is anticipated to register highest CAGR during the forecast period. Region wise, Asia-Pacific garnered the highest revenue in 2020; however, LAMEA is anticipated to register highest CAGR during the forecast period.

Industrial Robotics Market
By Industry

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Food & beverages segment is expected to grow at a significant rate during the forecast period.

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Competition Analysis

Major companies in the market have adopted partnership, business expansion, product launch, acquisition, and agreement as their key developmental strategies to offer better products and services to customers in the market.

Industrial Robotics Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2020 and LAMEA is expected to grow at a highest rate during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current trends and future estimations. 
  • Extensive analysis of industrial robotics market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global industrial robotics market forecast analysis from 2021 to 2030 is included in the report.
  • The key market players within the global industrial robotics market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global market.

Industrial Robotics Market Report Highlights

Aspects Details
BY TYPE
  • Articulated
  • Cartesian
  • SCARA
  • Cylindrical
  • Others
BY END-USER INDUSTRY
  • Automotive
  • Electrical & Electronics
  • Chemical Rubber & Plastics
  • Machinery
  • Food & Beverages
  • Others
BY FUNCTION
  • Soldering & Welding
  • Materials handling
  • Assembling & Disassembling
  • Painting & Dispensing
  • Milling, Cutting, & Processing
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, South Korea, India, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players ABB LTD. (ABB ROBOTICS), DAIHEN CORPORATION, DENSO CORPORATION (DENSO ROBOTICS), FANUC CORPORATION, KAWASAKI HEAVY INDUSTRIES LTD., KUKA ROBOTICS CORPORATION, MITSUBISHI ELECTRIC CORPORATION, NACHI-FUJIKOSHI CORPORATION (NACHI ROBOTIC SYSTEMS, INC.), PANASONIC CORPORATION, SEIKO EPSON CORPORATION, UNIVERSAL ROBOTS A/S, YASKAWA ELECTRIC CORPORATION
 

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The global industrial robotics market witnessed significant growth in Asia-Pacific followed by Europe & North America. The highest share of the Asia-Pacific market is attributed to increase in demand for automation in production and manufacturing activities. Rise in demand for automation has revolutionized the adoption of robotics technology. The global market is expected to witness a boost owing to the advent of technologies such as modular robotics and nanorobotics.

Industrial robotics are generally used for picking, palletizing, packaging, painting, material handling, spot welding, arc welding, deburring, grinding, and cutting applications. In addition, the supply chain industry is growing over time and was expected to grow by more than 100% till 2020 and the use of robots for warehouse supply chain applications is letting companies to invest on robots. However, the demand from industries, including field, logistics, and construction is increasing and newer applications are being explored with customized robotics solutions. Application of service robots in healthcare facilities and logistics would prove to be lucrative areas for investments. Vendors are developing specialized solutions for small and medium sized businesses to meet their specific business requirements.

The major players in the industrial robotics market include ABB, DAIHEN Corporation, Denso Corporation, Epson America, Inc., Fanuc Corporation, Kawasaki Heavy Industries Ltd., Kobe Steel, Ltd., Kuka AG, Mitsubishi Electric Corporation, and Yaskawa Electric Corporation. The players in this market adopted partnership, business expansion, product launch, acquisition, and agreement as their key strategies to meet the consumer demands.

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FREQUENTLY ASKED QUESTIONS?

A. The industrial robotics market was valued at $37,876.0 million in 2020, and is expected to reach $116,848.7 million by 2030, registering a CAGR of 11.7% from 2021 to 2030.

A. The forecast period considered for the global industrial robotics market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.

A. To get latest version of global industrial robotics market report can be obtained on demand from the website.

A. The base year considered in the global industrial robotics market report is 2020.

A. The top companies holding the market share in the global industrial robotics market report include ABB, DAIHEN Corporation, Denso Corporation, Epson America, Inc., Fanuc Corporation, Kawasaki Heavy Industries Ltd., Kobe Steel, Ltd., Kuka AG, Mitsubishi Electric Corporation and Yaskawa Electric Corporation.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. By type the articulated segment dominated the global industrial robotics market, in terms of revenue and is expected to maintain this trend during the forecast period.

A. By industry, the electrical & electronics segment is the highest share holder of global industrial robotics market.

A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. The market value of the global industrial robotics market is $43,178.6 million in 2021.

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