Global Industrial Robots Market, By Type (Traditional Industrial Robots, Collaborative Robots), Industry (Automotive, Electrical and Electronics, Plastics, Rubber, and Chemicals, Metals and Machinery, Food and Beverages, Precision Engineering and Optics, Pharmaceuticals and Cosmetics, Others), Technology (Motion Control and Drives Systems, Robotics Systems, Integrated Manufacturing Systems, Machine Vision Systems, Manufacturing Execution Systems, Programmable Logic Control System, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Industrial robots market will reach at an estimated value of USD 69.01 billion by 2028 and grow at a CAGR of 10.05% in the forecast period of 2021 to 2028. Rise in the demand for industrial robotics from SEMs is an essential factor driving the industrial robots market.
Industrial robot is defined as a robot system which used in assembly line and for manufacturing. Industrial robots play a crucial role in industry automation and are programmable and automated. Robots are employed because of their ability to perform repetitive tasks with accuracy and they also help in enhancing productivity and decrease operational costs for manufacturers.
Rise in the investments for innovations and automation in industries is a crucial factor accelerating the market growth, also rise in the demand for automation activities and reduction in custom duties in the industry, increase in the demand for minimizing defect, waste and downtime, high requirement for automation, increase in the labour cost and dearth of skilled human workforce and rise in the investments in R&D activities are the major factors among others boosting the industrial robots market. Moreover, rise in the application areas, rise in the growth in emerging economies and evolving robotics and AI industry will further create new opportunities for industrial robots market in the forecast period mentioned above.
However, high initial investment and installation costs is the major factor among others restraining the market growth, and will further challenge the industrial robots market in the forecast period mentioned above.
This industrial robots market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on industrial robots market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Industrial Robots Market Scope and Market Size
Industrial robots market is segmented on the basis of type, industry and technology. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, industrial robots market is segmented into traditional industrial robots and collaborative robots.
- Based on industry, the industrial robots market is segmented into automotive, electrical and electronics, plastics, rubber, and chemicals, metals and machinery, food and beverages, precision engineering and optics, pharmaceuticals and cosmetics and others.
- The industrial robots market is also segmented on the basis of technology into motion control and drives systems, robotics systems, integrated manufacturing systems, machine vision systems, manufacturing execution systems, programmable logic control system and others.
Industrial Robots Market Scope Country Level Analysis
Industrial robots market is analysed and market size, volume information is provided by country, type, industry and technology as referenced above.
The countries covered in the industrial robots market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the industrial robots market due to rise in the demand for automation activities and reduction in custom duties in the industry, increase in the demand for minimizing defect, waste and downtime, high requirement for automation and increase in the labour cost and dearth of skilled human workforce. This region is also expected to witness a high growth rate in the respective market over the forecast period.
The country section of the industrial robots market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Robots Market Share Analysis
Industrial robots market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to industrial robots market.
The major players covered in industrial robots market report are ABB, KUKA AG, Mitsubishi Electric Corporation, FANUC CORPORATION, Kawasaki Heavy Industries Ltd., YASKAWA ELECTRIC CORPORATION., Seiko Epson Corporation, Stäubli International AG., NACHI-FUJIKOSHI CORP., DENSO CORPORATION., Comau SpA VAT, DAIHEN Corporation, OMRON Corporation, Universal Robots, CMA ROBOTICS SPA ITALY, Artech Automation AS and Panasonic Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Industrial Robots Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.