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A00126 | Pages: 298 | Charts: 90 | Tables: 143 |
The Global Industrial Robotics Market Size was valued at $38 billion in 2020, and is projected to reach $163 billion by 2032, growing at a CAGR of 12.6% from 2023 to 2032.An industrial robot is a type of mechanical machine that is provided with input to perform automatically the tasks that are related to production in industries. These robots are reprogrammable, and the program can be changed many times depending on the usage and industrial requirements.
For automation applications, industrial robots help in increasing productivity by reducing costs and producing high-quality products. Most of the industrial robots consist of a 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 of the industrial environment. The 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 processes.
Labor charges across the UK increase by more than 12% every year, thus resulting in a 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 an increase in initiatives taken by industries to use robots to compensate with the labor charge and shortage, which drives the industrial robotics market growth. 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. The global microelectronic industry has 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.
In January 2022, DHL supply chain invested $15 million in robotic solutions for supply chain network in the warehouses. Robots help in easy supply chain network by decreasing long-term costs, increasing productivity, reducing error, and optimizing picking operations. It is estimated that the supply chain market will grow by more than 100% by 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.
Earlier, the use of industrial robots was restricted to the automotive and manufacturing industries; however, industries such as food and beverage, metals, chemical and material industries, aerospace, and electronics have deployed industrial robots. The increase in demand from the food and beverages sector for raw material handling, packing finished products, and logistics has increased the sales of industrial robots. The precision and optics sectors use robots for analysis of a variety of food products on the basis of quality, composition, and authenticity. In the future, the adoption of robotics technology is expected to increase further, leading to market growth.
The industrial robotics market is segmented on the basis of type, end user industry, function, and region. On the basis of type, the market is segmented into articulated, cartesian, SCARA, cylindrical, and others. By end user industry, it is classified as automotive, electrical and electronics, chemical, rubber and plastics, manufacturing, food and beverage, and others. By function, it is categorized into soldering and welding; materials handling; assembling and disassembling; painting and dispensing; milling, cutting, and processing; and others.
By Type:
The industrial robotics market is divided into articulated, cartesian, SCARA, cylindrical, and others. Robots with four to six axes or more are said to be "articulated," however some have as many as 10. These robots have more degrees of freedom than any other robot and can-do jobs with a higher level of expertise. These characteristics provide them adaptability and increase their allure in warehouses. Cartesian robots can travel across a horizontal plane thanks to an overhead system with a manipulator attached to it. Systems with cartesian robots have the benefit of larger workspaces and more precise positioning. Selective Compliant Assembly Robot Arm is the abbreviation for the term Scara. A circular work envelope is provided by a Scara robot.
These robots' wide range of motion adds to their flexibility. Scara robots can be constructed on a smaller size and have a small footprint. They are used for picking, packaging, and assembling-dissembling tasks. Robots with cylindrical or spherical joints, as well as smooth-functioning prismatic joints allow for easy movement in the space between the points and are installed on base bodies for cylindrical robots. The others segment includes mobile robots and parallel robots. The articulated segment is expected to exhibit the largest revenue contributor during the forecast period. The cylindrical segment is expected to exhibit the highest CAGR share in the type segment in the industrial robotics industry during the forecast period.
[TYPEGRAPH]
The industrial robotics market is divided into automotive, electrical & electronics, chemical, rubber and plastics, manufacturing, food and beverage, and others. Transportation, assembly-disassembly, material handling, soldering, welding, and packaging are just a few of the automobile industry's uses for industrial robotics. Manufacturing of electrical equipment, electronic goods, navigational, measuring, electromedical, and control devices are all included in the electronics and electrical sector. Industrial robots assist in picking-and-placing, assembling-dissembling, packaging, and transportation of goods because this material handling business sector requires high volume operations with commodities. The necessity of reducing total cost of ownership (TCO) is the main element promoting growth in the industrial sector.
Customized industrial robots are in high demand on the market for heavy machinery. Aerospace, logistics, and textile are some of the additional end-user sectors. The electrical & electronics segment is expected to be the largest revenue contributor during the forecast period, and the food and beverages segment is expected to exhibit the highest CAGR share in the end user industry segment in the industrial robotics market during the forecast period.
[ENDUSERINDUSTRYGRAPH]
The industrial robotics market is divided into soldering and welding; materials handling; assembling and disassembling; painting and dispensing; milling, cutting, and processing; and others. In high-production industries like manufacturing and the automotive industry, robots for soldering and welding are frequently employed for resistance spot welding, arc welding, gas metal arc welding, and other types of welding. Machine maintenance, order picking, palletizing, dispensing, machine loading, packaging, part transfer, and other tasks fall under the category of material handling.
Different material handling operations involve various types of robots. Due to an increase in construction activity as well as expansion in the manufacturing and automotive industries, the painting and dispensing industry has seen tremendous growth on a global scale. Processes including coating, sealing, finishing, extrusion, spraying, and others are covered in this area. In the metals industry, industrial robotics are utilized for precise, effective, quick, and dependable milling, sharpening, and cutting operations. The materials handling segment is expected to be the largest revenue contributor during the forecast period, and the painting & dispensing segment is expected to exhibit the highest CAGR share in the function segment in the industrial robotics market during the forecast period.
[FUNCTIONGRAPH]
The industrial robotics market forecast is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, Italy, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), LAMEA (Latin America, Middle East, Africa). In 2022, Asia-Pacific had the highest revenue in industrial robotics market share, and LAMEA is expected to exhibit the highest CAGR during the forecast period.
[REGIONGRAPH]
The major players profiled in the industrial robotics market ABB Ltd. (ABB Robotics), include Daihen Corporation, Denso Corporation (Denso Robotics), Fanuc Corporation, Kawasaki Heavy Industries Ltd., Kuka Robotics Corporation, Mitsubishi, Electric Corporation, Nachi-Fujikoshi Corporation (Nachi Robotic Systems), Panasonic Corporation, Seiko Epson Corporation, Universal Robots A/S, and Yaskawa Electric Corporation
Major companies in the market have adopted product launch, business expansion, and other strategies as their key developmental strategies to offer better products and services to customers in the Industrial robotics market.
In June 2023, ABB Robotic announced the expansion of the GoFa cobot family the new variants GoFa 10 and GoFa 12. These cobots are equipped with enhanced efficiency, higher payload capacity, and other features.
In October 2022, ABB Robotic launched the smallest-ever industrial robot IRB1010 to meet smart device demand. The robot is specially designed for electronic gadgets manufacturing industries such as earphones, health trackers, smartwatches, and other devices.
In July 2022, Fanuc Corporation announced the expansion of the U.S. manufacturing plant in Michigan. The expansion is nearly two million square feet which includes a 655,000 square-foot state-of-the-art facility to house manufacturing, engineering, and R&D projects.
In January 2022, Fanuc Corporation launched a new robot M-1000iA for applications such as handling heavy loads for construction material, automotive components, and electric vehicle material handling sectors.
In April 2022, Kawasaki Heavy Industries, Ltd. inaugurated a new innovation hub for robotics development called “Future Lab HANEDA” based near Haneda Airport, Tokyo, Japan.
In February 2023, Mitsubishi Electric Corporation announced an investment of approximately $223 million to build a new factory in India.
In October 2022, Yaskawa Electric Corporation opened a new Robotics Technology Centre based in Turkey.
In February 2022, Yaskawa Electric Corporation launched HC10DTP and HC20DTP, two new collaborative robots for industrial applications. These robots are specialized in material handling, assembly, dispensing, packaging, machine tending, and welding applications.
In July 2022, NACHI-FUJIKOSHI CORPORATION launched two brand new robots with high efficiency, high speed MZ07F and MZ07LF. These robots will increase the productivity and precision of miniature electronic and electrical components.
In April 2021, NACHI-FUJIKOSHI CORPORATION launched “EC06” and “MZ12H” compact industrial robot to expand its product portfolio in lineup robots.
Key Market Segments
Key Market Players