Industrial Robotics Market- Global Industry Size, Share, Growth, Opportunity and Forecast, 2018-2028, Segmented By Robot Type (Articulated Robot, Cylindrical Robot, Linear Robots, Parallel Robot, Scara Robot, Spherical Robots, And Others); By Applications (Handling, Assembling & Disassembling, Welding & Soldering, Dispensing, Processing And Others); By End-Users (Automotive, Electrical & Electronics, Healthcare & Pharmaceuticals, Food & Beverages, Rubber & Plastics, Metal & Machinery, And Others); By Region (North America, Europe, The Asia Pacific, Latin America, The Middle East, And Africa);
- Published Date: March 2022
- Report ID: BWC22073
- Available Format: PDF
- Page: 234
Report Overview
The growth in the industrial robotics market is primarily attributed to the increasing awareness about industrial robots that have resulted due to their deployment ranging from manufacturing to the healthcare industry.
Global Industrial Robotics Market- Industry Trends & Forecast Report 2028
The global industrial robotics market was worth USD 43 billion in 2021, and it is further projected to reach USD 81.9 billion by 2028, exhibiting a CAGR of 9.9% during 2022-2028 (forecast period). Rising awareness of industrial robots has resulted in their large-scale deployment in different industries, ranging from manufacturing to the healthcare industry, which has fueled the expansion of the industrial robotics market. Industrial robotics is one of the most rapidly growing markets, with applications across a wide range of industries. Furthermore, rising cost of labor in the Asia-Pacific region, combined with increasing demand for automation, has resulted in growing exports of industrial robots for applications ranging from basic consumer to manufacturing applications.
Industrial Robotics Overview
An industrial robot is a mechanical machine that is supplied data and programmed to automatically perform activities linked to industrial production. These robots can be reprogrammable, and the programme can be altered as many times as needed, depending on the application. Industrial robots assist in increasing productivity by lowering costs and generating high-quality goods in automation applications. Drives, end-effectors, robotic manipulators, sensors, and controls make up the majority of industrial robots. The robotic controller is the robot's brain that aids in delivering commands. Microphones and cameras are used as robot sensors to keep the robot aware of the industrial surroundings.
Industrial Robotics Market Trends
Growth Drivers
The Growth Of Automotives Industry Coupled With Government’s Initiatives For Growth Of Industrial Robotics Market
The automotive industry is a big user of industrial robotics, and it has a lot of different applications. As a result, the growing automotive industry will move the market forward. Companies like BAIC Motors and Changan Automobile Group have been spending heavily on robots adoption in the projection year 2020-2025. Additionally, the launch of 'Make in India' has increased attention to the Indian manufacturing sector, which is anticipated to be one of the fastest-growing markets globally in the APAC region. The manufacturing industry's production has increased, and it is predicted to continue to grow quickly through 2020. The Indian government has committed to investing over $13 billion in industrial robotics research and development. According to the government, the manufacturing industry is expected to be worth $1 trillion by 2025. GE, Bosch, and Panasonic, among others, have declared plans to invest in India, bolstering the country's economic growth. During the projected period, such factors will help expand the industrial robotics market.
Rising Prevalence Of Online Shopping and E-Commerce Creating A High Demand of Robots For Logistics Sector
The growing trend towards online shopping is boosting the e-commerce industry. The distribution centers, retailers, warehouses, and facilities owners emphasize integrated automated robotic solutions. The interest is to achieve on-time delivery, reduce labor costs, and enhance efficiency and productivity at every process. This is one of the major factors for industrial robot deployments. Furthermore, many companies are developing promising products across all logistics value chains, including self-driving trucks, intelligent warehouses, and service robots, thus aiding the growth of the industrial robotics market.
Restraints
High Initial Investments Involved in Setup And Maintenance of Industrial Robotics Systems
The high initial expenditure required for setting up and integrating industrial robotic solutions impedes the adoption of robots by small and midsize enterprises in a wide range of industries. For instance, in the machinery & metal sector, the cost of cutting, welding, and soldering machines is significantly high, making it unaffordable for average companies. Key players need to focus on offering affordable and cost-effective robots to accelerate the acceptance of robots by small-scale industries. Such high costs may negatively impact the industrial robotics market during the forecast years.
Impact of COVID-19 On the Global Industrial Robotics Market
The COVID-19 pandemic had a mixed impact on the industrial robotics business, as China had been the dominant market for industrial robots for the past 5 years (40–50 percent share). The top industrial robot manufacturers are all situated in Japan, and their revenue is anticipated to decline in the coming years. Moreover, due to the labor shortage at various manufacturing sites due to the lockdown restrictions, many industries resorted to integrated automated robotics systems to perform various repetitive functions to manufacture various drugs and medical devices to fulfill the demand during the pandemic. So, the industrial robotics market is expected to exhibit growth as a result of the pandemic.
Global Industrial Robotics – By Robot Type
On the basis of robot type, the global industrial robotics is fragmented into the following categories: articulated robot, cylindrical robot, linear robots, parallel robot, SCARA robot, spherical robots, and others. During the forecast period, the articulated robot is expected to have the biggest market share, both in terms of value and volume. In the automotive sector, articulated robots perform handling, assembling, disassembling, welding, dispensing, and other operations. The pharmaceutical & cosmetic industries are witnessing an increased demand for the adoption of articulated robots.
Global Industrial Robotics Market- By Applications
Based on applications, the industrial robotics market is segmented into handling, assembling & disassembling, welding & soldering, dispensing, processing, and others. Among all the segments, handling generates the highest revenue in the global market as handling robots are mainly used by most production and manufacturing units and are suitable for moving heavy objects easily and easy to manage. The processing application segment is expected to grow at a lucrative CAGR during the forecast period due to the rising technological advancement and R&D expenses in the various end-user industries.
Global Industrial Robotics Market- By End-Users
On the basis of end-users, the global industrial robotics market is segmented into automotive, electrical and electronics, plastics, rubber and chemicals, precision engineering and optics, metals and machinery, food and beverages, pharmaceuticals and cosmetics, and others. Amidst the segmentation, electrical and electronics are the fastest expanding industrial robotics market. Furthermore, as the world becomes increasingly digital, the electronics industry gradually establishes itself as a major end-user of industrial robots. As accuracy and precision are critical characteristics in an electronic manufacturing facility, the electronics sector has been proactively embracing industrial robots, boosting the market growth.
Global Industrial Robotics Market- Regional Insights
On the basis of regions, the global industrial robotics market is segmented into North America, Europe, the Asia-Pacific, Latin America, the Middle East, and Africa. Amidst the segmentation, the Asia-Pacific region is expected to grow at the highest rate during the forecast period 2022-2028 for the industrial robotics market. Moreover, The Asia-Pacific region accounted for the largest share of the industrial robotics market in 2021. The demand for industrial robots from small and medium-sized businesses in China, Japan, South Korea, and India is the key driver of this expansion.
Competitive Landscape
The key players operating in the global industrial robotics market are ABB, FANUC, YASKAWA, KUKA, Mitsubishi Electric, Kawasaki Heavy Industries, Denso Corporation, NACHI-FUJIKOSHI, Seiko Epson, DÜrr, Rethink Robotics, FrankaEmika, F&P Robotics, Omron Adept Technology, Staubli, Siasun Robot and Automation, ComauSpa Italy, Universal Robots, YAMAHA, and other prominent players. The global Industrial Robotics market is characterized by the presence of many local, regional, and global vendors. The Industrial Robotics market is highly competitive, with all the players continually competing to gain a larger market share.
Recent Development
- April 2021: Kuka AG presented the first look of its new operating system, iiQKA.OS that will significantly simplify robot use. This new operating system provides a base of an entire ecosystem & provides a powerful selection of programs, components, apps, equipment, and services.
- February 2021: Kawasaki Heavy Industries, Ltd. stated that the company completed the installation of Japan's indigenous automated PCR testing (Polymerase Chain Reaction) system, operating robots manufactured by Kawasaki, at Fujita Health University, in Aichi.
Scope of Report
| Attribute | Details |
| Years Considered | Historical data – 2018-2021 |
| Base Year – 2021 | |
| Forecast – 2022 – 2028 | |
| Facts Covered | Revenue in USD Million |
| Market Coverage | United States, Canada, Germany, United Kingdom, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, United Arab Emirates, South Africa |
| Product/Service Segmentation | By robot type, by applications, by end-users, and by region. |
| Key Players | The key players operating in the global industrial robotics market are ABB, FANUC, YASKAWA, KUKA, Mitsubishi Electric, Kawasaki Heavy Industries, Denso Corporation, NACHI-FUJIKOSHI, Seiko Epson, DÜrr, Rethink Robotics, FrankaEmika, F&P Robotics, Omron Adept Technology, Staubli, Siasun Robot and Automation, ComauSpa Italy, Universal Robots, YAMAHA, and other prominent players. |
By Robot Type
- Articulated Robot
- Cylindrical Robot
- Linear Robots
- Parallel Robot
- SCARA Robot
- Spherical Robots
- Others
By Applications
-
-
- Handling
- Assembling & Disassembling
- Welding & Soldering
- Dispensing
- Processing
- Others
By End-Users
-
-
- Automotive
- Electrical & Electronics
- Healthcare & Pharmaceuticals
- Food & Beverages
- Rubber & Plastics
- Metal & Machinery
- Others
By Region
-
-
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
- Executive Summary
- Global Industrial Robotics Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Drivers
- Restraints
- Opportunities
- Challenges
- Technological Landscape/Recent Development
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Global Industrial Robotics Market Overview
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Robot Type
- Articulated Robot
- Cylindrical Robot
- Linear Robots
- Parallel Robot
- SCARA Robot
- Spherical Robots
- Others
- By Applications
- Handling
- Assembling & Disassembling
- Welding & Soldering
- Dispensing
- Processing
- Others
- By End-Users
- Automotive
- Electrical & Electronics
- Healthcare & Pharmaceuticals
- Food & Beverages
- Rubber & Plastics
- Metal & Machinery
- Others.
- By Region
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East & Africa
- By Robot Type
- Market Size & Forecast by Value, 2018-2028
- North America Industrial Robotics Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Robot Type
- By Applications
- By End-Users
- By Country
- United States
- Canada
- Market Size & Forecast by Value, 2018-2028
- Europe Industrial Robotics Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Robot Type
- By Applications
- By End-Users
- By Country
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Market Size & Forecast by Value, 2018-2028
- The Asia Pacific Industrial Robotics Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Robot Type
- By Applications
- By End-Users
- By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Market Size & Forecast by Value, 2018-2028
- Latin America Industrial Robotics Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Robot Type
- By Applications
- By End-Users
- By Country
- Brazil
- Mexico
- Rest of Latin America
- Market Size & Forecast by Value, 2018-2028
- The Middle East &Africa Industrial Robotics Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Robot Type
- By Applications
- By End-Users
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Market Size & Forecast by Value, 2018-2028
- Competitive Landscape
- List of Key Players & Their Offerings
- Market Share Analysis, 2021
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Merger, Acquisition, Partnership.)
- Impact of Covid-19 on Global Industrial Robotics Market Industry
- Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, & Strategic Outlook) **
- ABB
- FANUC
- YASKAWA
- KUKA
- Mitsubishi Electric
- Kawasaki Heavy Industries
- Denso Corporation
- NACHI-FUJIKOSHI
- Seiko Epson
- DÜrr
- Rethink Robotics
- Franka Emika
- F&P Robotics
- Omron Adept Technology
- Staubli
- Siasun Robot and Automation
- ComauSpa Italy
- Universal Robots
- YAMAHA
- Other prominent players.
- Key Strategic Recommendations
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation & the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 Global Industrial Robotics Segmentation
Figure 2 Global Industrial Robotics Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 Global Industrial Robotics Market Size, By Value (USD Million), 2018-2028
Figure 5 Global Industrial Robotics Market Share, By Robot Type, By Value, 2018-2028
Figure 6 Global Industrial Robotics Market Share, By Applications, By Value, 2018-2028
Figure 7 Global Industrial Robotics Market Share, By End-Users, By Value, 2018-2028
Figure 8 Global Industrial Robotics Market Share, By Region, By Value, 2018-2028
Figure 9 North America Industrial Robotics Market Size, By Value (USD Million), 2018-2028
Figure 10: North America Industrial Robotics Market Share, By Robot Type, By Value, 2018-2028
Figure 11: North America Industrial Robotics Market Share, By Applications, By Value, 2018-2028
Figure 12: North America Industrial Robotics Market Share, By End-Users, By Value, 2018-2028
Figure 13: North America Industrial Robotics Market Share, By Country, By Value, 2018-2028
Figure 14: Europe Industrial Robotics Market Size, By Value (USD Million), 2018-2028
Figure 15: Europe Industrial Robotics Market Share, By Robot Type, By Value, 2018-2028
Figure 16: Europe Industrial Robotics Market Share, By Applications, By Value, 2018-2028
Figure 17: Europe Industrial Robotics Market Share, By End-UserS, By Value, 2018-2028
Figure 18: Europe Industrial Robotics Market Share, By Country, By Value, 2018-2028
Figure 19: The Asia-Pacific Industrial Robotics Market Size, By Value (USD Million), 2018-2028
Figure 20: The Asia-Pacific Industrial Robotics Market Share, By Robot Type, By Value, 2018-2028
Figure 21: The Asia-Pacific Industrial Robotics Market Share, By Applications, By Value, 2018-2028
Figure 22: The Asia-Pacific Industrial Robotics Market Share, By End-Users, By Value, 2018-2028
Figure 23: The Asia-Pacific Industrial Robotics Market Share, By Country, By Value, 2018-2028
Figure 24: Latin America Industrial Robotics Market Size, By Value (USD Million), 2018-2028
Figure 25: Latin America Industrial Robotics Market Share, By Robot Type, By Value, 2018-2028
Figure 26: Latin America Industrial Robotics Market Share, By Applications, By Value, 2018-2028
Figure 27: Latin America Industrial Robotics Market Share, By End-Users, By Value, 2018-2028
Figure 28: Latin America Industrial Robotics Market Share, By Country, By Value, 2018-2028
Figure 29: The Middle East & Africa Industrial Robotics Market Size, By Value (USD Million), 2018-2028
Figure 30: The Middle East & Africa Industrial Robotics Market Share, By Robot Type, By Value, 2018-2028
Figure 31: The Middle East & Africa Industrial Robotics Market Share, By Applications, By Value, 2018-2028
Figure 32: The Middle East & Africa Industrial Robotics Market Share, By End-Users, By Value, 2018-2028
Figure 33: The Middle East & Africa Industrial Robotics Market Share, By Country, By Value, 2018-2028
Figure 34: The Middle East & Africa Industrial Robotics Market Share, By Country, By Value, 2018-2028
List of Tables
Table 1: Global Industrial Robotics Market Size, By Robot Type, By Value, 2018-2028
Table 2: Global Industrial Robotics Market Size, By Applications, By Value, 2018-2028
Table 3: Global Industrial Robotics Market Size, By End-Users, By Value, 2018-2028
Table 4: Global Industrial Robotics Market Size, By Region, By Value, 2018-2028
Table 5: North America Industrial Robotics Market Size, By Robot Type, By Value, 2018-2028
Table 6: North America Industrial Robotics Market Size, By Applications, By Value, 2018-2028
Table 7: North America Industrial Robotics Market Size, By End-Users, By Value, 2018-2028
Table 8: North America Industrial Robotics Market Size, By Country, By Value, 2018-2028
Table 9: Europe Industrial Robotics Market Size, By Robot Type, By Value, 2018-2028
Table 10: Europe Industrial Robotics Market Size, By Applications, By Value, 2018-2028
Table 11: Europe Industrial Robotics Market Size, By End-Users, By Value, 2018-2028
Table 12: Europe Industrial Robotics Market Size, By Country, By Value, 2018-2028
Table 13: The Asia-Pacific Industrial Robotics Market Size, By Robot Type, By Value, 2018-2028
Table 14: The Asia-Pacific Industrial Robotics Market Size, By Applications, By Value, 2018-2028
Table 15: The Asia-Pacific Industrial Robotics Market Size, By End-Users, By Value, 2018-2028
Table 16: The Asia-Pacific Industrial Robotics Market Size, By Country, By Value, 2018-2028
Table 17: Latin America Industrial Robotics Market Size, By Robot Type, By Value, 2018-2028
Table 18: Latin America Industrial Robotics Market Size, By Applications, By Value, 2018-2028
Table 19: Latin America Industrial Robotics Market Size, By End-Users, By Value, 2018-2028
Table 20: Latin America Industrial Robotics Market Size, By Country, By Value, 2018-2028
Table 21: The Middle East & Africa Industrial Robotics Market Size, By Robot Type, By Value, 2018-2028
Table 22: The Middle East & Africa Industrial Robotics Market Size, By Applications, By Value, 2018-2028
Table 23: The Middle East & Africa Industrial Robotics Market Size, By End-Users, By Value, 2018-2028
Table 24: The Middle East & Africa Industrial Robotics Market Size, By Country, By Value, 2018-2028
Table 25: ABB Company Overview
Table 26: ABB Financial Overview
Table 27: FANUC Company Overview
Table 28: FANUC Financial Overview
Table 29: KUKA Company Overview
Table 30: KUKA Financial Overview
Table 31: Mitsubishi Electric Company Overview
Table 32: Mitsubishi Electric Financial Overview
Table 33: Denso Corporation Company Overview
Table 34: Denso Corporation Financial Overview
Table 35: Seiko Epson Company Overview
Table 36: Seiko Epson Financial Overview
Table 37: DÜrr Company Overview
Table 38: DÜrr Financial Overview
Table 39: Rethink Robotics Company Overview
Table 40: Rethink Robotics Financial Overview
Table 41: Franka Emika Company Overview
Table 42: Franka Emika Financial Overview
Table 43: F&P Robotics Company Overview
Table 44: F&P Robotics Financial Overview
Table 45: Omron Adept Technology Company Overview
Table 46: Omron Adept Technology Financial Overview
Table 47: Staubli Company Overview
Table 48: Staubli Financial Overview
Table 49: Siasun Robot and Automation Company Overview
Table 50: Siasun Robot and Automation Financial Overview
Table 51: ComauSpa Italy Company Overview
Table 52: ComauSpa Italy Financial Overview
Table 53: Universal Robots Company Overview
Table 54: Universal Robots Financial Overview
Market Segmentation
By Robot Type
- Articulated Robot
- Cylindrical Robot
- Linear Robots
- Parallel Robot
- SCARA Robot
- Spherical Robots
- Others
By Applications
-
-
- Handling
- Assembling & Disassembling
- Welding & Soldering
- Dispensing
- Processing
- Others
By End-Users
-
-
- Automotive
- Electrical & Electronics
- Healthcare & Pharmaceuticals
- Food & Beverages
- Rubber & Plastics
- Metal & Machinery
- Others
By Region
-
-
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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