The Industrial Robotics market is projected to grow from US$46.746 billion in 2020 to US$77.309 billion in 2027, at a CAGR of 7.45% during the forecast period.

The growing adoption of automation solutions across end-use industries due to rising labour 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.

Market Overview

The demand for maximizing production in a limited time is influencing manufacturers to invest in industrial robots. Implementation of advanced technologies like laser cutting, laser welding applications, sensor technology, and robotics arms is helping the industry to reduce costs and save time. Robots increase accuracy even at high speed. Detecting errors, and 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 expected to grow in demand as a result of increased emphasis on worker safety, declining chip and sensor prices, rising demand for automation and surveillance, and technological advancements.

By Type

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 machine tools, and handling diecasting machines. Scara robots do have a similar application to Cartesian robots.

An articulated robot is a robot with at least three rotary joints. Robot controllers help in controlling the tasks 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 into automotive, manufacturing, food and beverage, chemicals, 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 efficiency through their 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.  

By Geography

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 presents 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 favourable government initiatives, will further propel market growth in the coming years. Industrialization is increasing the demand for automation and robotics in the Asia Pacific region.   

Competitive Insights

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. In October 2019, ABB announced a 150 million investment in Shanghai, China to build an advanced robotic factory for manufacturing robots. Additionally, YASKAWA, in September 2018, launched the heavy-duty MH900 6-axis articulated robot with a 900 kg payload capacity and large horizontal and vertical reach, suited for heavy material handling applications.

Market Developments

• In September 2021, Peppermint, a Pune-based industrial robot manufacturing firm that manufactures commercial housekeeping and service robots, announced an INR 5 crore fundraising round spearheaded by Venture Catalysts and Indian Angel Network.
• In April 2022, CynLr, a Bengaluru-based robotics business secured $4.5 million in a Pre-Series A round headed by Speciale Invest and GrowX Ventures. The robotics firm intends to grow its staff, join the US market, and create the capacity to meet the present client backlog and produce 100 robots each year.
• In February 2020, Covariant, an AI firm, and ABB, an industrial robotics business, announced a collaboration to develop smart robots capable of picking up and manipulating a broad range of things. These robots are commonly seen in warehouses and other industrial locations.

Industrial Robotics Market Scope:

Segmentation

The global industrial robotics market is segmented by type, end-user industry, and geography.

• By Type
  • SCARA
  • Articulated
  • Cartesian
  • Others
• By End-User Industry
  • Automotive
  • Manufacturing
  • Food and Beverage
  • Chemical
  • Consumer Electronics
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • United Kingdom
    • Italy
    • France
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Taiwan
    • Others