Industrial Robotics Services Market

Industrial Robotics Services Market is predicted to grow at a CAGR of 17.4% during the forecast period due to the rising trend of consumers towards online shopping.

Introduction of the Industrial Robotics Services Market Report

Industrial robots are being used in a variety of industries, from healthcare to manufacturing. Additionally, the rising need for automation in various regions such as the Asia Pacific, Europe etc market has increased industrial robot exports for applications ranging from primary consumer to manufacturing applications.

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Market Dynamic

Key Drivers and Emerging Trends

The rising trend of consumers towards online shopping results in expanding the e-commerce industry, making retailers, distribution centers, and warehouses adopt integrated automated robotic solutions. The main interest is to deliver the product on time, reduce labor costs, and enhance efficiency with a minimum number of errors. Thus, the rise of industrial robots in the logistic sector has boosted the growth of this market. Moreover, the automotive industry is one of the primary users of industrial robots. Increasing investment in industrial robots across the globe will also boost the growth of this market. For instance, in 2020, BMW AG has signed an agreement with KUKA to supply around 5,000 robots deployed in new production lines and factories of BMW across the globe.

Restraint in the Industrial Robotics Services Market

However, the investment require at the initial stage is very high which is hampering the growth of this market. Moreover, maintenance cost for the robotic products is also high which also restraining the growth of this market.

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Industry Verticals – Segment Analysis

Based on the Industry Verticals, healthcare and pharmaceuticals segment is expected to grow at a higher CAGR rate in the global Industrial Robotics Services Market during the forecast period owing to the increasing trend of synergizing robotics and human to perform various medical activities. It includes assisting the surgeons while performing operations; these are integrated with advanced 3DHD technology, which helps doctors have a spatial reference during highly complex surgery. Thus, this factor will boost the growth of this segment.

Application – Segment Analysis

Based on the Application, material handling is projected to grow at a higher CAGR rate in the global Industrial Robotics Services Market during the forecast period due to the rising demand in various industries. Several company are focusing on research and development which will further boost the growth. For instance, KUKA has introduced new SCARA robots that will excel in applications like in materials handling, inspection tasks etc.

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Regional – Segment Analysis:

Based on the region, Asia Pacific region is expected to grow at a higher CAGR rate in the global Industrial Robotics Services Market during the forecast period due to the increase in the automation manly in China, India, Japan among others. Moreover, government support in the Asia Pacific region to improve healthcare, automotive etc will further boost the growth of this market. For instance, medical facilities in Japan have replaced the traditional open surgeries with minimally invasive technique and robot- assisted surgeries. Thus, this factor will boost the growth of this market.

Top Market Players

Various notable players operating in the market, include, ABB, Fanuc, Kuka AG, Omron Corporation, Yaskawa America, Inc., Applied Manufacturing Technologies, EIS Software Limited, Essert Robotics, Geku Automation, ICS Robotics, among others.

Key Developments:

• • In Sept 2020, KUKA announced a new SCARA robots under the KR SCARA line-up that excel in applications like in materials handling, small parts assembly, and inspection tasks with a payload of 6 kg
  • In Aug 2020, ABB announced to launch the IRB 1300 articulated industrial robot, it will help customers to meet the demand for a faster and more compact robot to lift heavy objects.

Segments covered in the Report:

The global Industrial Robotics Services Market has been segmented on the basis of Industry Verticals, Application and regions. Based on Industry Verticals, the market is segmented into Automotive, Food and Beverages, Precision Engineering and Optics, Healthcare and Pharmaceuticals, Metals and Machinery, Electrical and Electronics and Others. Based on Application, the market is segmented into Material Handling, Welding and Soldering, Dispensing, Processing, Assembling and Disassembling and Others.

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Key questions answered in this research report:

• • At what pace is global Industrial Robotics Services Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Industrial Robotics Services Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Industrial Robotics Services Market?
  • Which Industry Verticals generated maximum revenues in 2020 and identify the most promising Industry Verticals during the forecast period?
  • What are the various Application areas of global Industrial Robotics Services Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Industrial Robotics Services Market by Industry Verticals

• • Automotive
  • Food and Beverages
  • Precision Engineering and Optics
  • Healthcare and Pharmaceuticals
  • Metals and Machinery
  • Electrical and Electronics
  • Others

Global Industrial Robotics Services Market by Application

• • Material Handling
  • Welding and Soldering
  • Dispensing
  • Processing
  • Assembling and Disassembling
  • Others

Global Industrial Robotics Services Market by Region

• • North America Industrial Robotics Services Market (Option 1: As a part of the free 25% customization)
    • North America Industrial Robotics Services Market by Industry Verticals
    • North America Industrial Robotics Services Market by Application
    • US Industrial Robotics Services Market All-Up
    • Canada Industrial Robotics Services Market All-Up
  • Europe Industrial Robotics Services Market (Option 2: As a part of the free 25% customization)
    • Europe Industrial Robotics Services Market by Industry Verticals
    • Europe Industrial Robotics Services Market by Application
    • UK Industrial Robotics Services Market All-Up
    • Germany Industrial Robotics Services Market All-Up
    • France Industrial Robotics Services Market All-Up
    • Spain Industrial Robotics Services Market All-Up
    • Rest of Europe Industrial Robotics Services Market All-Up
  • Asia-Pacific Industrial Robotics Services Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Industrial Robotics Services Market by Industry Verticals
    • Asia-Pacific Industrial Robotics Services Market by Application
    • China Industrial Robotics Services Market All-Up
    • India Industrial Robotics Services Market All-Up
    • Japan Industrial Robotics Services Market All-Up
    • Rest of APAC Industrial Robotics Services Market All-Up
  • RoW Industrial Robotics Services Market (Option 4: As a part of the free 25% customization)
    • RoW Industrial Robotics Services Market by Industry Verticals
    • RoW Industrial Robotics Services Market by Application
    • Brazil Industrial Robotics Services Market All-Up
    • South Africa Industrial Robotics Services Market All-Up
    • Saudi Arabia Industrial Robotics Services Market All-Up
    • UAE Industrial Robotics Services Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Industrial Robotics Services Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ABB
  • Fanuc
  • Kuka AG
  • Omron Corporation
  • Yaskawa America, Inc.
  • Applied Manufacturing Technologies
  • EIS Software Limited
  • Essert Robotics
  • Geku Automation
  • ICS Robotics