SNS Insider Black Friday Offer
Industrial Robotics Market

Industrial Robotics Market Size, Share and 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), by Regions - Global Market Forecast 2022-2028

Report Id: SNS/EQIP/1058 | May 2022 | Region: Global | 130 Pages

Report Scope & Overview:

The Industrial Robotics Market Size was valued at USD 45.08 billion in 2021 and is expected to reach USD 95.43 billion by 2028 and grow at a CAGR of 11.31% over the forecast period 2022-2028.

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.

Industrial Robotics Market Revenue Graph

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

Industrial Robotics Market Segment Chart

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

Industrial Robotics Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 45.08 Billion
Market Size by 2028 US$ 95.43 Billion
CAGR CAGR of 11.31% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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 the Ukraine-Russia War

 

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

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.