Industrial Robotics market is projected to grow from US$45.762 billion in 2019 to US$66.841 billion in 2025, at a CAGR of 6.52% during the forecast period. Growing adoption of automation solutions across end-use industries due to rising labor costs and stringent regulations regarding workers’ safety is driving the industrial robotics market growth. Robotics makes manufacturing and packaging more efficient by ensuring the quality of the products, checking product safety, preventing defective products or damaged products from entering the market, and tracing the products. The demand for maximizing production and in limited time is influencing manufacturers to invest in industrial robots. Implementation of advanced technologies like laser cutting, laser welding application, sensor technology, and robotics arms is helping the industry to reduce cost and save time. Robots increase accuracy even at high speed, detecting errors, defects with sensors helps in reducing rework and wastage. The surging usage of industrial robotics for tasks such as sheet handling and welding in heavy industries has resulted in a reduction in manufacturing cycle time and raw material wastage, thereby positively impacting the demand for industrial robotics solutions. The robotics market is to see a rise in demand due to the increase in focus on providing safety to workers, declining prices of chips and sensors, growing demand for automation and surveillance, and advancements in technology.
The Industrial Robotics market is segmented by type as SCARA, articulated, Cartesian, and others. A cartesian robot is used for picking and placing work in assembly operations, handling machine tools, application of sealant, and arc welding. Cylindrical robots are used for spot welding, assembly operations, handling of machine tools, and handling of diecasting machines. Scara robots do have a similar application to a Cartesian robot. An articulated robot is a robot with at least three rotary joints. Robot controllers help in controlling the task performed in the production process. The robotic arm is a mechanical arm, usually programmable with a function similar to a human arm. Articulated robots are projected to lead the global industrial robotics market throughout the forecast period, with the largest market share, in terms of value, in 2016. These robots are widely used across various industries owing to their structural and operational capabilities. Healthcare and packaging sectors are increasingly deploying articulated robots contributing to the global growth of the articulated industrial robotics market.
By End-User Industry
The market is also segmented by the end-user industry as automotive, manufacturing, food and beverage, chemical, consumer electronics, and others. The automotive industry is one of the largest end-users of industrial robotics owing to the adoption of the assembly line in the industry as it helps in improving quality and reduces warranty costs provides safety to workers and saves them from performing hazardous and difficult jobs. The food and beverage industry will see potential growth due to the rising demand for processed food and beverage products, especially in developing countries. Robots help in preventing contamination of food and help in increasing the efficiency by high output rate. Electronics will witness the fastest growth due to swelling demand for efficient electronic products, miniaturization of electrical and electronic equipment, and the growing complexity of the manufacturing processes.
Geographically, the industrial robotics market is classified into North America, South America, Europe, the Middle East, and Africa, and the Asia Pacific The report also analyses major countries across these regions with a complete analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers. This rapid growth is attributed to the booming demand for industrial robotics from growing end-use industries in the region. Increasing manufacturing activities in economies such as China and India coupled with favorable government initiatives will further propel the market growth in the coming years. Industrialization is growing the demand for automation and robotics market in the Asia Pacific region.
Key market players in the Industrial Robotics market include ABB, Yamaha Motor Company, Fanuc Robotics Company, Kawasaki Robotics, and Mitsubishi Electric Corporation among others. The players are adopting various strategies such as new product launches, M&A, partnerships, and business expansion to gain a competitive advantage in the global Industrial Robotics market. Recently in October 2019, ABB announced 150 million investments in Shanghai, China for building an advanced robotic factory for manufacturing robots. YASKAWA in September 2018 launched the heavy-duty MH900 6-axis articulated robot with a 900 kg payload capacity with large horizontal and vertical reach, suited for heavy material handling applications.
|Market size value in 2019||US$45.762 billion|
|Market size value in 2025||US$66.841 billion|
|Growth Rate||CAGR of 6.52% from 2019 to 2025|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, End-User Industry, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||ABB, Yamaha Motor Company, Fanuc Robotics Company, Kawasaki Robotics, Mitsubishi Electric Corporation, Yaskawa America, Inc., Adept Technology, Güdel Group AG, Panasonic Industry Europe GmbH, Universal Robots, Denso Corporation, Epson America, Inc., Stäubli International AG., Nachi Robotic Systems, Inc.|
|Customization scope||Free report customization with purchase|
The global industrial robotics market is segmented by type, end-user industry, and geography.
Frequently Asked Questions (FAQs)
Q1. What will be the industrial robotics market size by 2025?
A1. The industrial robotics market is projected to reach a market size of US$66.841 billion by 2025.
Q2. What are the growth prospects for the industrial robotics market?
A2. Industrial Robotics Market is projected to grow at a CAGR of 6.52% over the forecast period.
Q3. What is the size of the global industrial robotics market?
A3. The global industrial robotics market was valued at US$45.762 billion in 2019.
Q4. Who are the major players in the global industrial robotics market?
A4. Key market players in the global industrial robotics market include ABB, Yamaha Motor Company, Fanuc Robotics Company, Kawasaki Robotics, and Mitsubishi Electric Corporation among others.
Q5. What factors are anticipated to drive the industrial robotics market growth?
A5. Growing adoption of automation solutions across end-use industries due to rising labor costs and stringent regulations regarding workers’ safety is driving the industrial robotics market growth.
Yamaha Motor Company
Fanuc Robotics Company
Mitsubishi Electric Corporation
Yaskawa America, Inc.
Güdel Group AG
Panasonic Industry Europe GmbH
Epson America, Inc.
Stäubli International AG.
Nachi Robotic Systems, Inc.
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.