Report Id: SNS/EQIP/1058 | May 2022 | Region: Global | 130 Pages
Report Scope & Overview:
Industrial Robotics Market Size was valued at USD 50.17 billion in 2022 and is expected to reach USD 118.24 billion by 2030 and grow at a CAGR of 11.31% over the forecast period 2023-2030.
An industrial robot is a mechanical machine that is programmed to perform activities connected to industry production automatically. These robots can be reprogrammed, and the program can be altered as many times as needed, depending on the application. Industrial robots aid productivity by lowering costs and providing high-quality goods in automation applications. The robotic controller is the robot's brain that assists in issuing commands. Microphones and cameras are used as robot sensors to keep the robot aware of its surroundings.
The robotic manipulator is the robot's arm that assists it in moving and positioning, while the end effectors assist in interacting with the workpieces. Collaborative, cartesian, SCARA, cylindrical, and articulated robots are five types of robots used in industry. The degree of freedom of movement, size requirements, and payload capacity all influence the type of robot chosen. Industrial robots aid in the optimization of manufacturing processes for a healthy and efficient outcome.
MARKET DYNAMICS:
KEY DRIVERS:
The rising demand for collaborative robots across various industry segments is propelling the Industrial Robotics Market forward.
Government and public-private partnership initiatives
The number of SMEs is increasing, as is their demand for automation.
Automation's rapid expansion in the automotive and electronic industries.
RESTRAINTS:
Large capital investment is required for the robot itself, but also its integration, programming, and maintenance.
COVID-19 introduced a new constraint for the robotics market. Now the global robot business has rebounded.
OPPORTUNITIES:
The manufacturing industries' high use of robotics products.
Increasing automobile industry investment in technological advancement.
The electronics industry is becoming increasingly automated.
Industries are progressively returning to normal production and service.
The growing use of robotics in small and medium-sized businesses.
CHALLENGES:
Lack of staff to set up a complicated automation setup.
Industrial robots provide a number of potential safety risks.
Interoperability concerns pose a significant obstacle, particularly for SMEs.
IMPACT OF COVID-19:
The current pandemic has impacted practically every industry, including this one. The market for industrial robotics has likewise come to a halt. For different reasons, many clients were hesitant to invest money in this business. COVID19 has created material shortages, labor shortages, health and safety issues, and other issues. As a result, manufacturers are preparing to meet rising client demand for robotics services by employing cutting-edge technology to boost worldwide revenue-generating. The worldwide market's economic growth has slowed as a result of the pandemic, but important participants have taken appropriate measures to resurrect the situation for more profitable consequences.
KEY PLAYERS:
Major key players included in this report are ABB (Switzerland), DÜrr (Germany), FANUC (Japan), YASKAWA (Japan), KUKA (Germany), Denso Corporation (Japan), Mitsubishi Electric (Japan), Kawasaki Heavy Industries (Japan), Universal Robots A/S, NACHI-FUJIKOSHI (Japan), Panasonic Corporation, Rockwell Automation, Inc. (U.S.), Bosch GmbH (Germany), Yaskawa Electric Corporation (Japan), Toshiba Corporation (Japan), Seiko Epson (Japan) are some of the major vendors in the industrial robotics market.
MARKET ESTIMATION:
Market, By Application:
Due to its high multi-purpose applications such as assembling, palletizing, welding, painting, and more, articulated industrial robotics have an overwhelming sales share. These systems offer more mobility than other robotic systems since they are not restricted to movement along a single coordinate axis. This allows them to do more complex jobs.
Market, By Type:
In terms of revenue, the type category dominated the industrial robot market, however, the articulated segment is predicted to develop at the fastest CAGR throughout the forecast period.
Market, By End-user:
Consumers are replacing their existing automobiles with modernized vehicles as a result of changing trends such as the development of energy-efficient drive systems and electric vehicles. Companies in the industrial robot industry are concentrating their efforts in areas like medicines and food and drinks, where the quality and precision of the ingredients/products are critical.
Market, By Component:
The market has been divided into four segments based on a solution: Robotic Arms, End Effectors, Drive Units, Robot Accessories, Controllers, Vision Systems, and Sensors.
MARKET SEGMENTATION:
By Application:
Palletizing
Assembling
Welding
Material Handling
Painting
By Types:
6-Axis Robots
SCARA
Cartesian
Articulated
Redundant
Delta
Dual-Arm and Parallel
By End-user:
Entertainment
Electronics
Automotive
Rubber & Plastic
Food & Beverage
Pharmaceuticals
By Component:
Robotic Arms
End Effectors
Drive Units
Robot Accessories
Controllers
Vision Systems
Sensors
REGIONAL ANALYSIS:
The industrial robotics market is studied in North America (the United States, Canada, and Mexico), Europe (the United Kingdom, France, Germany, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and the rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa) (Latin America, the Middle East, and Africa). Asia-Pacific contributed the most to the global industrial robot market share in 2020, and LAMEA is expected to maintain its dominance throughout the forecast period.
Asia-Pacific, out of other regions, has increased the adoption rate of robotics products and is now the region's leading country. Furthermore, European countries have the second-largest industrial robotics market, accounting for half of all European industries.
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 50.17 Billion |
Market Size by 2030 | US$ 118.24 Billion |
CAGR | CAGR of 11.31% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Application (Palletizing, Assembling, Welding, Material Handling, Painting) • By Types (6-Axis Robots, SCARA, Cartesian, Articulated, Redundant, Delta, Dual-Arm, and Parallel) • By End-user (Entertainment, Electronics, Automotive, Rubber & Plastic, Food & Beverage, Pharmaceuticals) • By Component (Robotic Arms, End Effectors, Drive Units, Robot Accessories, Controllers, Vision Systems, Sensors) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | ABB (Switzerland), DÜrr (Germany), FANUC (Japan), YASKAWA (Japan), KUKA (Germany), Denso Corporation (Japan), Mitsubishi Electric (Japan), Kawasaki Heavy Industries (Japan), Universal Robots A/S, NACHI-FUJIKOSHI (Japan), Panasonic Corporation, Rockwell Automation, Inc. (U.S.), Bosch GmbH (Germany), Yaskawa Electric Corporation (Japan), Toshiba Corporation (Japan), Seiko Epson (Japan) |
DRIVERS | • The rising demand for collaborative robots across various industry segments is propelling the Industrial Robotics Market forward. • Government and public-private partnership initiatives • The number of SMEs is increasing, as is their demand for automation. |
RESTRAINTS | • Large capital investment is required for the robot itself, but also its integration, programming, and maintenance. • COVID-19 introduced a new constraint for the robotics market. Now the global robot business has rebounded. |
Frequently Asked Questions (FAQ) :
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Industrial Robotics Market Segmentation, by Application
8.1 Palletizing
8.2 Assembling
8.3 Welding
8.4 Material Handling
8.5 Painting
9. Global Industrial Robotics Market Segmentation, by Type
9.1 6-Axis Robots
9.2 SCARA
9.3 Cartesian
9.4 Articulated
9.5 Redundant
9.6 Delta
9.7 Dual-Arm and Parallel
10. Global Industrial Robotics Market Segmentation, by End-user
10.1 Entertainment
10.2 Electronics
10.3 Automotive
10.4 Rubber & Plastic
10.5 Food & Beverage
10.6 Pharmaceuticals
11. Global Industrial Robotics Market Segmentation, by Component
11.1 Robotic Arms
11.2 End Effectors
11.3 Drive Units
11.4 Robot Accessories
11.5 Controllers
11.6 Vision Systems
11.7 Sensors
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 the USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 the UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Denso Corporation (Japan)
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 ABB (Switzerland)
13.3 DÜrr (Germany)
13.4 FANUC (Japan)
13.5 YASKAWA (Japan)
13.6 KUKA (Germany)
13.7 Mitsubishi Electric (Japan)
13.8 Kawasaki Heavy Industries (Japan)
13.9 Universal Robots A/S
13.10 NACHI-FUJIKOSHI (Japan)
13.11 Panasonic Corporation
13.12 Rockwell Automation, Inc. (U.S.)
13.13 Bosch GmbH (Germany)
13.14 Yaskawa Electric Corporation (Japan)
13.15 Toshiba Corporation (Japan)
13.16 Seiko Epson (Japan)
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share analysis
14.3 Recent Developments
15. Conclusion
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