Industrial Robotics Market - Trends Forecast Till 2028

Industrial Robotics Market is segmented by Type of Robot (Articulated Robots, Linear Robots, Cylindrical Robots, Parallel Robots, SCARA Robots), End-user Industry (Automotive, Chemical and Manufacturing, Construction, Electrical and Electronics, Food and Beverage, Machinery and Metal, Pharmaceutical), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-SE-IRM-1003

Format:  

Number of Pages: 296

Domain: Semiconductors & Electronics

Industrial Robotics Market – Trends Forecast Till 2028

The global industrial robotics market size is projected to reach a CAGR of 13.3% from 2021 to 2028.

An industrial robot is a robot system used for manufacturing. Industrial robots are automated, programmable, and capable of movement on three or more axis. Typical applications of robots include welding, painting, assembly, pick and place for printed security boards, packing and labelling, palletizing, product inspection, and testing, all accomplished with high endurance, speed, and precision.

The growing adoption of automation in the automotive manufacturing process and involvement of digitization and AI are some of the factors that have supported long-term expansion for Industrial Robotics Market.

Industrial Robotics Market Growth Analysis

APAC to hold the largest share of market for traditional industrial robots in 2021 both in terms of value and the volume. This can be attributed to the increasing labour costs in APAC that are forcing manufacturers to automate the manufacturing processes to maintain their cost advantage.

Industrial Robotics Market is segmented into type, component, payload, application industry and region.

On the basis of Type

  • Traditional Industrial Robots
  • Articulated Robots
  • SCARA Robots
  • Parallel/Delta Robots
  • Cartesian/Linear/Gantry Robots
  • Other Robots (Cylindrical robots, Spherical robots, and Swing-arm robots)
  • Collaborative Robots

On the basis of Component

  • Robotic Arms
  • Robot Accessories
  • End Effectors
  • Controllers
  • Drive Units
  • Vision Systems
  • Sensors
  • Power Supply
  • Others
  • Additional Hardware (Safety fencing, fixtures, conveyors, etc.)
  • System Engineering
  • Software & Programming

On the basis of Payload

  • Up to 16.00 kg
  • 16.01–60.00 kg
  • 60.01–225.00 kg
  • More than 225.00 kg

On the basis of Application

  • Handling
  • Assembling and Disassembling
  • Welding and Soldering
  • Dispensing
  • Processing
  • Others (Inspection & quality-testing and die-casting & molding)

On the basis of Industry

  • Handling
  • Automotive
  • Electrical and Electronics
  • Metals and Machinery
  • Plastics, Rubber, and Chemicals
  • Food and Beverages
  • Precision Engineering and Optics
  • Pharmaceuticals and Cosmetics
  • Others (Paper and printing, foundry and forging, ceramics and stone, and wood)

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Industrial Robotics Market Primary Respondent

 

Key Players

  • ABB Ltd.
  • Yaskawa Electric Corporation
  • Denso Corporation
  • Fanuc Corporation
  • KUKA AG

Recent Developments

  • In October 2020, ABB announced the acquisition of Codian Robotics (Netherlands), a leading provider of delta robots used primarily for high-precision pick and place applications. Codian Robotics offering includes a hygienic design line, ideal for hygiene-sensitive industries including food and beverage and pharmaceuticals. With the acquisition, ABB is expected to increase its delta robot offerings.
  • In September 2020, KUKA(Germany) announced its new SCARA robots under the KR SCARA line-up that excel in applications like in small parts assembly, materials handling and inspection tasks with a payload of 6 kg. The robots will be mainly offered to cost sensitive markets.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Industrial Robotics Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 12.3% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

type, component, payload, application industry and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

ABB Ltd., Yaskawa Electric Corporation, Denso Corporation, Fanuc Corporation and KUKA AG.

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