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Industrial Robots Market

Industrial Robots Market

Industrial Robots Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

141

Base Year:

2021

Date

Aug - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1794

Segments Covered
  • By Type Traditional Industrial Robots, Articulated Robots, SCARA Robots, Parallel/Delta Robots, Cartesian/Linear/Gantry Robots, Collaborative Robots, Other Robots (Cylindrical Robots, Spherical Robots, & Swing-Arm Robots)
  • By Component Robotic Arms, Robot Accessories, End Effectors, Controllers, Drive Units, Vision Systems, Sensors, Power Supply, Other Components
  • By Payload Up to 16.00 kg, 16.01–60.00 kg, 60.01–225.00 kg, More than 225.00 kg
  • By Application Handling, Assembling & Disassembling, Welding & Soldering, Dispensing, Processing, Other Applications
  • By Industry Handling, Automotive, Electrical & Electronics, Metals & Machinery, Plastics, Rubber, & Chemicals, Food & Beverages, Precision Engineering & Optics, Pharmaceuticals & Cosmetics, Other Industries
  • By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 45.1 Billion
Revenue 2028Revenue 2028: USD 89.4 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 12.1%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Industrial Robots Market Share

Market Synopsis:

The Global Industrial Robots Market was valued at USD 45.1 Billion in the year 2021 and is forecast to reach a value of USD 89.4 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 12.1% over the forecast period.

An Industrial Robots is a type of mechanical device that is programmed to carry out tasks related to industrial production automatically, and that is supplied data. Depending on the application, these robots can be programmed, and the software can be changed as often as necessary. In automation applications, these robots help increase productivity while reducing costs and producing high-quality goods. The bulk of robots consists of drives, end-effectors, robotic manipulators, sensors, and controllers.

Industrial Robots Market Size, 2021 To 2028 (USD Billion)

Industrial robots are often in great demand across various sectors, including the automotive, pharmaceutical, consumer electronics, packaging, and manufacturing industries. To control industrial processes and cut expenses, they deploy a particular type of robot in all their facilities, which is the basis for this demand. For instance, players in the consumer electronics sector may install collaborative robots more quickly to increase production flexibility. As a result, significant investments are being made in the industry, promoting its expansion.

A robotic automation project could be challenging, especially for startups and inexperienced firms. A significant amount of capital is needed for the robot's purchase, integration, programming, and maintenance. In other circumstances, a unique integration can be necessary, raising the overall cost. In addition, businesses might not always have the tools and space required to use robots. Because SMEs usually produce in modest volumes, obtaining a return on investment (ROI) can be difficult.

Automation is an expensive investment for SMEs, particularly those involved in low-volume production, due to the cost of industrial robots, integration costs, and ancillary costs such as end effectors and vision systems.

Market Segmentation:

Market segments for industrial robots are created based on type, component, payload, application, industry, and Region. Traditional Industrial Robots, Articulated Robots, SCARA Robots, Parallel/Delta Robots, Cartesian/Linear/Gantry Robots, Collaborative Robots, and Other Robots (Cylindrical Robots, Spherical Robots, & Swing-Arm Robots) are the segments into which the market is divided based on Type segment. The market segments based on Components include Robotic Arms, Robot Accessories, End Effectors, Controllers, Drive Units, Vision Systems, Sensors, Power Supply, and Other Components. Furthermore, based on Payload, the market is further segmented into Up to 16.00 kg, 16.01–60.00 kg, 60.01–225.00 kg, and More than 225.00 kg. In addition, based on Application, the market is further divided into Handling, Assembling & Disassembling, Welding & Soldering, Dispensing, Processing, and Other Applications. Likewise, based on Industry segment, the market is further fragmented into Handling, Automotive, Electrical & Electronics, Metals & Machinery, Plastics, Rubber, & Chemicals, Food & Beverages, Precision Engineering & Optics, Pharmaceuticals & Cosmetics, Other Industries.

Below tree is interactive. You can click the nodes to get more information.

Based On Types:

The Articulated Robot segment held a substantial portion of the Industrial Robots market. This contribution is attributed mainly to consisting of applications like material handling, assembly, and others, due to its ability to repeatedly carry out precise motions. The employment of Articulated Robots is primarily found in automobiles, pharmaceuticals, and the production of food & beverages, and promoting market expansion to name a few.

Based On Component:

Robot Accessories, End-Effectors, and Vision Systems are predicted to increase at the fastest rate among all the Industrial Robots market's Components segment for industrial robots. End-Effector development has significantly advanced as a result of technological development. The requirement to acquire dexterous manipulation in industrial robots for increased performance, particularly in pick-and-place tasks, has contributed to these breakthroughs in end-effectors. Furthermore, as machine learning software, safety features, and the ability to adapt to their surroundings via machine vision are progressively included in End of Arm Tools (EOAT), end-effectors are anticipated to become more technically complex.

Asia Pacific is projected to Grow at the Highest CAGR during the Forecast Period

In terms of value and volume, Asia Pacific will account for the most significant portion of the market for conventional industrial robots in 2021. This is due to the Asia-Pacific region's rising labor expenses, obliging enterprises to automate the manufacturing processes to keep their cost advantage. Countries like China are expected to recover from the industrial downturn by 2021, and countries like Taiwan and Thailand strive for even more automation. Automation in the Asia-Pacific region is anticipated to rise shortly due to low manufacturing costs, easy access to cheap labor, weak environmental and safety laws, and the government’s pushes for foreign direct investments (FDIs). As a result, the region will continue to hold a dominant market position in the traditional robots market.

Competitive Landscape:

The key players in the Global Industrial Robots market include- ABB (Switzerland), FANUC (Japan), YASKAWA(Japan) KUKA (Germany), Mitsubishi Electric (Japan) (Japan), Kawasaki Heavy Industries (Japan), Denso Corporation (Japan), NACHI-FUJIKOSHI (Japan), Seiko Epson (Japan), DÜrr (Germany), Universal Robots (Denmark), Stäubli (Switzerland), Comau (Italy), B+M SURFACE SYSTEMS (Germany), ICR Services (US), IRS Robotics (Netherlands), Hyundai Robotics (South Korea), Siasun Robotics (China), RobotWorx (US), Techman Robot (Taiwan), Rethink Robotics (Germany), FrankaEmika (Germany), F&P Robotics (Switzerland), Bosch Rexroth (Germany), and others.

Segmentation of the Global Industrial Robots Market:

Parameter Details
Segments Covered
  • Type (Traditional Industrial Robots, Articulated Robots, SCARA Robots, Parallel/Delta Robots, Cartesian/Linear/Gantry Robots, Collaborative Robots, Other Robots (Cylindrical Robots, Spherical Robots, & Swing-Arm Robots))
  • Component (Robotic Arms, Robot Accessories, End Effectors, Controllers, Drive Units, Vision Systems, Sensors, Power Supply, Other Components)
  • Payload (Up to 16.00 kg, 16.01–60.00 kg, 60.01–225.00 kg, More than 225.00 kg)
  • Application (Handling, Assembling & Disassembling, Welding & Soldering, Dispensing, Processing, Other Applications)
  • Industry (Handling, Automotive, Electrical & Electronics, Metals & Machinery, Plastics, Rubber, & Chemicals, Food & Beverages, Precision Engineering & Optics, Pharmaceuticals & Cosmetics, Other Industries)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • ABB (Switzerland)
  • FANUC (Japan)
  • YASKAWA(Japan) KUKA (Germany)
  • Mitsubishi Electric (Japan) (Japan)
  • Kawasaki Heavy Industries (Japan)
  • Denso Corporation (Japan)
  • NACHI-FUJIKOSHI (Japan)
  • Seiko Epson (Japan)
  • DÜrr (Germany)
  • Universal Robots (Denmark)
  • Stäubli (Switzerland)
  • Comau (Italy)
  • B+M SURFACE SYSTEMS (Germany)
  • ICR Services (US)
  • IRS Robotics (Netherlands)
  • Hyundai Robotics (South Korea)
  • Siasun Robotics (China)
  • RobotWorx (US)
  • Techman Robot (Taiwan)
  • Rethink Robotics (Germany)
  • FrankaEmika (Germany)
  • F&P Robotics (Switzerland)
  • Bosch Rexroth (Germany)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Industrial Robots Market to Reach Valuation of USD 89.4 Billion by 2028 – Increasing demand for Industrial Robots during COVID-19 Drives the Market
In terms of revenue, the Global Industrial Robots Market is expected to reach USD 89.4 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 12.1% from 2022 to 2028. Increasing usage of collaborative robots in multiple industries, growing automation in the electronics industry, and i...
FAQ
Frequently Asked Question
  • The global Industrial Robots valued at USD 45.1 Billion in 2020 and is expected to reach USD 89.4 Billion in 2028 growing at a CAGR of 12.1%.

  • The prominent players in the market are ABB (Switzerland), FANUC (Japan), YASKAWA(Japan) KUKA (Germany), Mitsubishi Electric (Japan) (Japan), Kawasaki Heavy Industries (Japan), Denso Corporation (Japan), NACHI-FUJIKOSHI (Japan), Seiko Epson (Japan), DÜrr (Germany), Universal Robots (Denmark), Stäubli (Switzerland), Comau (Italy), B+M SURFACE SYSTEMS (Germany), ICR Services (US), IRS Robotics (Netherlands), Hyundai Robotics (South Korea), Siasun Robotics (China), RobotWorx (US), Techman Robot (Taiwan), Rethink Robotics (Germany), FrankaEmika (Germany), F&P Robotics (Switzerland), Bosch Rexroth (Germany).

  • The market is project to grow at a CAGR of 12.1% between 2021 and 2028.

  • The driving factors of the Industrial Robots include

    • Growing demand for collaborative robots across all industries

  • North America was the leading regional segment of the Industrial Robots in 2020.