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), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
The industrial robotics market has witnessed significant growth in the recent past. Industrial robotics involves the use of robots for manufacturing processes and related applications. Robots help improve productivity and quality by performing tasks that are tedious, repetitive, unsafe, or impossible for human workers to carry out. They can lift heavy payloads, operate in hazardous environments, work continuously without fatiguing, and ensure precision and accuracy in production processes. Robotic automation has been adopted across industries like automotive, electronics, pharmaceuticals, food and beverages, and others to reduce costs and meet rising demand. Advancements in robotics technology including artificial intelligence, machine learning, automation, and collaborative robots are expected to further fuel the adoption of industrial robotics solutions in the coming years.
Market Dynamics:
The global industrial robotics market is driven by factors such as growing labor costs, increasing demand for mass customization, rising labor shortage, and need for enhanced productivity and quality. Industrial robots help reduce costs associated with labor by automating repetitive and tedious tasks. Mass customization demands shorter production runs and frequent product changeovers which robots can easily perform. Moreover, an aging workforce and low unemployment rates have resulted in a shortage of labor in manufacturing industries. This has boosted the adoption of robotics to overcome dependence on human labor. Collaborative robots allow humans and robots to work side-by-side offering opportunities for augmented productivity. However, high initial installation and maintenance costs of robotics systems hamper the market growth to some extent. Furthermore, lack of standardization and interoperability challenges pose challenges. Meanwhile, growing automation across SMEs owing to declining robot prices and technological advancements in artificial intelligence, machine learning, and IoT present lucrative opportunities for market expansion.
Key features of the study:
This report provides an in-depth analysis of the global industrial robotics market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global industrial robotics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include ABB Ltd., Comau SpA, DAIHEN Corporation, Denso Wave Incorporated, Epson America, Inc., FANUC American Corporation, Hirata, Corporation, Kawasaki Heavy Industries Ltd, KUKA Robotics. Corporation, Mitsubishi Electric Corporation, OMRON Corporation, Panasonic Corporation, Seiko Epson Corporation, Teradyne Inc., Toshiba Machine Co. Ltd., Yamaha Motor Co., Ltd., and Yaskawa Electric Corporation.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global industrial robotics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial robotics market.
Market Segmentation
Type Insights (Revenue, USD Bn, 2019 - 2031)
Cartesian
Articulated
Cylindrical
SCARA
Others.
Industry Insights (Revenue, USD Bn, 2019 - 2031)
Electrical & Electronics
Automotive
Machinery
Chemical
Rubber & Plastics
Food & Beverages
Metals
Precision & Optics
Others
Function Insights (Revenue, USD Bn, 2019 - 2031)
Materials Handling
Milling
Cutting and Processing
Soldering and Welding
Painting and Dispensing
Assembling & Disassembling
Others
Regional Insights (Revenue, USD Bn, 2019 - 2031)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players Insights
ABB Ltd.
Comau SpA
DAIHEN Corporation
Denso Wave Incorporated
Epson America, Inc.
FANUC American Corporation
Hirata, Corporation
Kawasaki Heavy Industries Ltd
KUKA Robotics Corporation
Mitsubishi Electric Corporation
OMRON Corporation
Panasonic Corporation
Seiko Epson Corporation
Teradyne Inc.
Toshiba Machine Co. Ltd.
Yamaha Motor Co., Ltd.
Yaskawa Electric Corporation
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Industry
Market Snippet, By Function
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic
4. Global Industrial Robotics Market, By Type, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019 – 2031
Segment Trends
Cartesian
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Articulated
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Cylindrical
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
SCARA
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Others
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
5. Global Industrial Robotics Market, By Industry, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019 – 2031
Segment Trends
Electrical & Electronics
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Automotive
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Machinery
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Chemical, Rubber & Plastics
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Food & Beverages
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Metals
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Precision & Optics
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Others
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
6. Global Industrial Robotics Market, By Function, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019 – 2031
Segment Trends
Materials Handling
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Milling, Cutting, and Processing
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Soldering and Welding
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Milling, Cutting, and Processing
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Soldering and Welding
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Painting and Dispensing
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Assembling & Disassembling
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Others
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
7. Global Industrial Robotics Market, By Region, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, By Region, 2024 and 2031 (%)
North America
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By Industry, 2019–2031 (US$ Billion)
Market Size and Forecast, By Function, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By Industry, 2019–2031 (US$ Billion)
Market Size and Forecast, By Function, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
U.K.
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By Industry, 2019–2031 (US$ Billion)
Market Size and Forecast, By Function, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By Industry, 2019–2031 (US$ Billion)
Market Size and Forecast, By Function, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
Market Size and Forecast, By Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By Industry, 2019–2031 (US$ Billion)
Market Size and Forecast, By Function, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
South Africa
GCC Countries
Rest of the Middle East and Africa
8. Competitive Landscape
Company Profiles
ABB Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Comau SpA
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
DAIHEN Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Denso Wave Incorporated
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Epson America, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
FANUC American Corporation
Hirata, Corporation
Kawasaki Heavy Industries Ltd
KUKA Robotics Corporation
Mitsubishi Electric Corporation
OMRON Corporation
Panasonic Corporation
Seiko Epson Corporation
Teradyne Inc.
Toshiba Machine Co. Ltd.
Yamaha Motor Co., Ltd.
Yaskawa Electric Corporation
9. Wheel of Fortune
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. Section
References
Research Methodology
About us and Sales Contact
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