Industrial Robotics Market, By Type (Cartesian, Articulated, Cylindrical, SCARA and Others), By Industry (Electrical & Electronics, Automotive, Machinery, Chemical, Rubber & Plastics, Food & Beverages, Metals, Precision & Optics and Others), By Function (

Industrial Robotics Market, By Type (Cartesian, Articulated, Cylindrical, SCARA and Others), By Industry (Electrical & Electronics, Automotive, Machinery, Chemical, Rubber & Plastics, Food & Beverages, Metals, Precision & Optics and Others), By Function (Materials Handling, Milling, Cutting and Processing, Soldering and Welding, Painting and Dispensing, Assembling & Disassembling and Others)and by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

An industrial robot is an automatically controlled, mechanical device used in place of an individual to perform dangerous, error-free or high accuracy operations. The industrial robots offer many benefits such as cost reduction, size reduction, improved manufacturing quality and flexibility. Industrial robotics are high on demand and used in various industries such as automotive, electronics, food & beverages and many others. According to the International Federation of Robotics (IFR), in 2020, around 1.64 million industrial robots were in operation globally.
Market Dynamics
Rapid industrialization and automation is expected to drive industrial robot market growth during forecast period. The increased adoption of industrial robots in many industries such as automotive, manufacturing, food & beverages, machinery industries for automated processes can lead to the increased efficiency, improve safety and minimize human errors. The surveillance and security systems has been improved with the implementation of drones. The industrial robots can deliver high quality product and services and provide better efficiency in the industry. Moreover, several industries are implementing industrial robots solutions in order to reduce labor cost and improve efficiency. These factors are expected to drive the demand for industrial robotics market.
Reduction of duties and increased investments on R&D is expected to boost the global industrial robotics market growth over the forecast period. The global economies especially the neo developed economies are opening up their markets to import capital goods. The custom duties have gone down to zero percent in many economies such as India and China for used capital goods. However, as old robots are refurbished and exported to neo developed countries such as India, the demand for refurbished robots is expected to hold a dominant position in terms of demands for newer industrial robots. Moreover, many key players are focused on new product development according to customer requirements. For instance, in 2013, Yaskawa Electric Corporation invested 10% of their overall income in the R&D process for developing new products. Therefore, these factors are expected to propel the global industrial robotics market growth over the forecast period.
Market Taxonomy
This report segments the global industrial robotics market on the basis of type, industry, function and region. On the basis of type, the global industrial robotics market is segmented into cartesian, articulated, cylindrical, scara and others. On the basis of industry, the global industrial robotics market is segmented into electrical & electronics, automotive, machinery, chemical, rubber & plastics, food & beverages, metals, precision & optics and others. On the basis of function, the global industrial robotics market is segmented into materials handling, milling, cutting and processing, soldering and welding, painting and dispensing, assembling & disassembling and others. On the basis of region, the global industrial robotics market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Key features of the study:
This report provides an in-depth analysis of the global industrial robotics market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global industrial robotics market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global industrial robotics market are Daihen Corporation, Yaskawa Motoman Robotics, Denso Corporation, Universal Robots, Epson America, Inc., Panasonic Corporation, Epson America, Inc., Nachi Robotic Systems, Inc., FANUC Ltd., Mitsubishi Electric Corporation, Kawasaki Heavy Industries Ltd., and KUKA Robotics Corporation.
The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global industrial robotics market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global industrial robotics market.
Detailed Segmentation:
Global Industrial Robotics Market, By Type:
Cartesian
Articulated
Cylindrical
SCARA
Others
Global Industrial Robotics Market, By Industry:
Electrical & Electronics
Automotive
Machinery
Chemical, Rubber & Plastics
Food & Beverages
Metals
Precision & Optics
Others
Global Industrial Robotics Market, By Function:
Materials Handling
Milling, Cutting and Processing
Soldering and Welding
Painting and Dispensing
Assembling & Disassembling
Others
Global Industrial Robotics Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Company Profiles
Daihen Corporation *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Yaskawa Motoman Robotics
Denso Corporation
Universal Robots
Epson America, Inc.
Panasonic Corporation
Epson America, Inc.
Nachi Robotic Systems, Inc.
FANUC Ltd.
Mitsubishi Electric Corporation
Kawasaki Heavy Industries Ltd.
KUKA Robotics Corporation
*Browse all the market data tables and figures on “Global Industrial Robotics Market- Forecast to 2027”