Industrial Robotics Market

Industrial Robotics Market was valued at USD 28.2 billion in 2022 and is forecast to touch USD 72.4 billion in 2030, and the market is expected to grow at a CAGR of 12.5% from 2023-2030.

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Key Industrial Robotics Market Drivers

The Industrial Robotics Market is predicted to experience a smooth growth curve over the upcoming years, owing to its remarkable benefits, including increased operational efficiency, better efficiency, and elasticity. Increasing adoption of industrial robots in the food industry to cater the growing demand for ready to eat and packaged food items is forecast to expand the market share. With the growing government emphasis on improving the productivity of high-volume production lines, primarily in the electronic devices and vehicle production, the industrial robotics market is projected to boom. Increasing implementation of robotic technologies has helped industries in reducing the overhead costs, improve flexibility, increase productivity, and minimize waste, which will offer enormous opportunities to the market. Moreover, as per the Industrial Robotics Market Analysis, strategic government initiatives such as investment in skills, subsidies for research and development, tax incentives, to encourage the adoption of industrial robots, will expand the market growth. However, the high implementation cost of industrial robots and safety hazards are projected to impede the Industrial Robotics Market size over the upcoming years.

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End-Use Industry Analysis

The automotive segment is anticipated to witness a higher CAGR over the upcoming years, owing to the emerging need of automation in the automotive manufacturing process and rapid digitalization. Further, the cost-efficiency, safety, and job efficiency offered by automotive robotics has encouraged their adoption, driving the segment’s growth. Moreover, the expansion of Asia automotive industry will generate more opportunities in the market. As per to IEA, China captured 51.5% market share in the global market and registered 3.4 million Electric vehicles.

Type Segment Analysis

With the growing use of articulated robots in the automotive industry to perform a variety of tasks, the articulated robot is estimated to expand at a higher CAGR during the forecast period. In addition, the adoption of articulated robots has increased in pharmaceutical & cosmetic industries to achieve seamless automation across manufacturing processes in the pharmaceutical sector will expand the segment growth.

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Regional Analysis

The constantly rising labour cost in the Asia Pacific region has persuaded producers to emphasize on automating the manufacturing processes to maintain their cost advantage, which is projected to pave the way for Asia Pacific Regional growth. The region is home to several major manufacturing hubs which is another factor driving the regional growth. North America is expected to expand at a faster CAGR over the forecast period, due to the advent of fourth industrial revolution, fueling the demand for customized and small robotic systems.

Top Market Players

Various notable players operating in the market, includes Kawasaki Robotics, Mitsubishi Electric Corporation, Schneider Electric, Comau Robotics, Siemens AG, Omron Corporation, Nachi-Fujikoshi, Universal Robots, Wittmann Battenfeld Group, IGM, Siasun Robot and Automation etc.

Key Developments:

• • In 2022 – Yaskawa Electric acquired shares of Doolim-Yaskawa Co., Ltd. to start its business in the sealing system and robotic painting industry.
  • In 2021 – Kawasaki Heavy Industries, Ltd. entered into an agreement with Sony Group Corporation to introduce new company for remote robot platform businesses.
  • In 2021 – ABB acquired ASTI Mobile Robotics Group (ASTI), to expand the production of ABB robotics and automation and offer a next generation of flexible automation.

Segments covered in the Report:

The Industrial Robotics Market has been segmented on the basis of type, operation, end-use, and key geographies. Based on type, the market comprises of Articulated robots, Cylindrical robots, Selective Compliant Assembly Robot Arm (SCARA) robots, Cartesian robots, and others.

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Market Segmentation

Global Industrial Robotics Market By Type

• Articulated robots
• Cylindrical Robots
• Selective Compliant Assembly Robot Arm (SCARA) robots
• Cartesian Robots
• Others

Global Industrial Robotics Market By Operation

• Milling
• Drilling
• Material Handling
• Wielding
• Inspection
• Assembly
• Others

Global Industrial Robotics Market By End Use

• Manufacturing, Automotive
• Electrical & Electronics
• Metals & Machinery
• Healthcare
• Others

Global Industrial Robotics Market By Region

• • North America Industrial Robotics Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Operation
    • By End Use
    • US Market All-Up
    • Canada Market All-Up

• • Europe Industrial Robotics Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Operation
    • By End Use
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Industrial Robotics Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Operation
    • By End Use
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Industrial Robotics Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Operation
    • By End Use
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Leading market players

• • Kawasaki Robotics
  • Mitsubishi Electric Corporation
  • Schneider Electric
  • Comau Robotics
  • Siemens AG
  • Omron Corporation
  • Nachi-Fujikoshi
  • Universal Robots
  • Wittmann Battenfeld Group
  • IGM
  • Siasun Robot and Automation