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, and Others), Technology (Motion Control and Drives Systems, Robotics Systems, Integrated Manufacturing Systems, Machine Vision Systems, Manufacturing Execution Systems, Programmable Logic Control System, and Others) - Industry Trends and Forecast to 2030.
Industrial Robots Market Analysis and Size
An Industrial robot is a robot system used in assembly line and 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 help enhance productivity and decrease operational costs for manufacturers.
The global industrial robots market was valued at USD 44.71 billion in 2022 and is expected to reach USD 94.10 billion by 2030, registering a CAGR of 10.5% during the forecast period of 2023-2030. "Collaborative robots" are dominating the type segment for the global industrial robots market. Collaborative robots have gained significant traction in recent times due to their ability to work alongside humans in a coordinated manner. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Industrial Robots Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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, and Others), Technology (Motion Control and Drives Systems, Robotics Systems, Integrated Manufacturing Systems, Machine Vision Systems, Manufacturing Execution Systems, Programmable Logic Control System, and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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ABB (Switzerland), KUKA AG (Germany), Mitsubishi Electric Corporation (Japan), FANUC CORPORATION (Japan), Kawasaki Heavy Industries Ltd. (Japan), YASKAWA ELECTRIC CORPORATION (Japan), Seiko Epson Corporation (Japan), Stäubli International AG (Switzerland), NACHI-FUJIKOSHI CORP. (Japan), DENSO CORPORATION (Japan).
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Market Opportunities
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Market Definition
The global industrial robots market refers to the collective market for robotic systems and solutions designed and used in various industries for automating and streamlining manufacturing and production processes. Industrial robots are programmable machines that can perform repetitive, precise, and often physically demanding tasks with high accuracy and efficiency. They are used across automotive, electronics, healthcare, food and beverage, and logistics industries to handle tasks like assembly, welding, material handling, packaging, and quality control. The market encompasses the manufacturing, sales, and deployment of industrial robots and related software, services, and components. It is driven by the increasing demand for automation, advancements in robotics technology, and the need for improved productivity, safety, and cost-effectiveness in industrial operations.
Global Industrial Robots Market Dynamics
Drivers
- Increasing labor costs and shortage
As labor costs rise in many countries and industries and face a shortage of skilled workers, companies are turning to industrial robots to automate repetitive and labor-intensive tasks, reducing dependency on human labor and ensuring cost-effectiveness and productivity,which is expected to drive market growth.
- Growing emphasis on workplace safety
Industrial robots offer enhanced workplace safety by performing hazardous tasks that may be dangerous for human workers. The focus on employee safety and the need to comply with stringent safety regulations drive the adoption of industrial robots in industries prone to accidents and injuries.
Opportunity
- Technological advancements and innovation
The continuous advancements in robotics technology, including artificial intelligence, machine learning, and sensor technologies, present significant opportunities for the global industrial robots market. These innovations enable robots to become more intelligent, versatile, and capable of handling complex tasks, expanding their application possibilities across various industries.
Restraint/Challenge
- Workforce skill enhancement and retraining
The increasing adoption of industrial robots requires companies to invest in retraining and upskilling their workforce to adapt to the changing work environment. Employees must acquire new skills to collaborate effectively with robots, manage robotic systems, and perform tasks that complement and support robotic operations. Retraining programs and initiatives are crucial to ensure a smooth transition and maximize the benefits of industrial automation while safeguarding employment opportunities.
This global industrial robots market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized 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 the global industrial robots market, contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In May 2023, ABB, a global leader in industrial automation and robotics, announced the launch of its latest collaborative robot, the ABB SafeMove2, designed to improve efficiency and safety in industrial operations. The SafeMove2 is equipped with advanced safety features, including enhanced collision detection and prevention capabilities, making it suitable for close human-robot collaboration
- In November 2022, Samsung Electronics introduced Samsung Flip, a digital flip chart display that serves as an interactive industrial solution. Samsung Flip offers a large
- touchscreen display with a versatile whiteboard-like interface, allowing users to write, draw, and collaborate in real-time. This development expands Samsung's presence in the kiosk market by providing an innovative and engaging solution for various industries, such as education, corporate, and retail.
Global Industrial Robots Market Scope
The global industrial robots market is segmented on the basis of type, industry, and technology. The growth amongst these segments will help you ze meagre growth segments in the industries and provide the users with a valuable market overview and insights to help them make strategic decisions for identifying core market applications.
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
Global Industrial Robots Market Regional Analysis/Insights
The global industrial robots market is analyzed and market size insights and trends are provided by country, type, industry, and technology.
As referenced above, the global industrial robots market is analyzed and market size, and volume information is provided by country, processing technique, material, type, and end use industry.
The countries covered in the global industrial robots market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and the 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 is expected to dominate the global industrial robots market due to the demand for automation activities and reduced custom duties in the industry, increased 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 report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream 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. In addition, the presence and availability of Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Semiconductor Infrastructure growth Installed base and New Technology Penetration
The global industrial robots market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global industrial robots market, the impact of technology using lifeline curves, and changes in healthcare regulatory scenarios and their impact on the global industrial robots market. The data is available for the historic period 2015-2020.
Competitive Landscape and the Global Industrial Robots Market Share Analysis
The global industrial robots market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points only relate to the companies' focus on the global industrial robots market.
Some of the major players operating in the global industrial robots market are:
- ABB (Switzerland)
- KUKA AG (Germany)
- Mitsubishi Electric Corporation (Japan)
- FANUC CORPORATION (Japan)
- Kawasaki Heavy Industries Ltd. (Japan)
- YASKAWA ELECTRIC CORPORATION (Japan)
- Seiko Epson Corporation (Japan)
- Stäubli International AG (Switzerland)
- NACHI-FUJIKOSHI CORP (Japan)
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