Industrial Robots Market

Industrial Robots Market



Growth Factors of Industrial Robots Market

The industrial robots market size was valued at USD 16.78 billion in 2022, and the market is now projected to grow from USD 18.19 billion in 2023 to USD 41.02 billion by 2030, exhibiting a CAGR of 12.3% during the forecast period of 2023-2030.

The rising need for synchronization during COVID-19 pandemic has propelled the industrial robots market growth. The enduring shift from manual to mechanical operations is driving up the demand for these systems. However, the lockdown scenarios that are forced worldwide downfall the market growth. Manufacturing and operation units were stopped, which had a negative impact on the market expansion.

The industrial robots market share globally has been enlarged because of the increase in investments across industries. The growing demand for these robots is due to the need to place throughout their locations to harness industrial activity and cut costs. Hence, significant funding being made in the companies is increasing the requirement for these machines.

The trend of the growing logistic sector is fueling the need for the device and is propelling the market expansion. Customers prefer to purchase online which is expanding the e-commerce sector. The integration of automated robotic systems is highly used in distribution centers, merchants and warehouses to help in overall processes. The delivery on time, save money on labor, and improve efficiency and production at every step are being facilitated by the device.

Comprehensive Analysis of Industrial Robots Market

The industrial robots market and machinery and equipment industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the machinery and equipment industry. These segmentations are methodically segregated by types of robot type, application, and industry. Industries involve metals and machinery, electrical and electronics, food and beverages, automotive, rubber & plastic, pharmaceutical & healthcare. Robot type is SCARA, cylindrical, articulated, cartesian/liner, parallel, and others. The applications are cutting & processing, pick and place, welding & soldering, assembling, material handling, and others.

The Asia Pacific region is contributing to the global industrial robots market, leading to a recall of USD 8.22 billion because of escalating mechanized systems. The growing population and rising disposable income of people support the demand for consumer goods and other items, resulting in increased production capacity and expanding market presence.

The top players in the market play a crucial role in the machinery and equipment industry assuring industrial prospectus growth and setting market standards. These players include KUKA AG (Germany), Kawasaki Heavy Industries, Ltd. (Japan), FANUC CORPORATION (Japan), YASKAWA ELECTRIC CORPORATION (Japan), ABB (Switzerland), Comau SpA (Italy), Mitsubishi Electroc Corporation (Japan), NACHI-FUJIKOSHI CORP. (Japan), and Omron Corporation (Japan), these market players provide a levelheaded competitive landscape.

In July 2022, Compau announced a new Racer-5 SE. It is smooth and simple to clean design with the aim to lighten the workload in cleanrooms and sensitive manufacturing facilities.

Segmentation Table

Global Industrial Robots Market Scope

ATTRIBUTE DETAILS

Study Period 2019 – 2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 12.3% from 2023 to 2030

Unit Value (USD Billion), and Volume (Thousand Units)

Segmentation By Robot Type

Articulated

SCARA

Cylindrical

Cartesian/Linear

Parallel

Others (Collaborative, etc.)

By Application

Pick & Place

Welding & Soldering

Material Handling

Assembling

Cutting & Processing

Others (Painting, etc.)

By Industry

Automotive

Electrical & Electronics

Healthcare & Pharmaceutical

Food & Beverages

Rubber & Plastic

Metals & Machinery

Others (Construction, Defense, etc.)

By Region

North America (By Robot Type, By Application, By Industry, and By Country)
  • U.S. (By Robot Type)
  • Canada (By Robot Type)
Europe (By Robot Type, By Application, By Industry, and By Country)
  • Germany (By Robot Type)
  • U.K. (By Robot Type)
  • France (By Robot Type)
  • Italy (By Robot Type)
  • Rest of Europe
Asia Pacific (By Robot Type, By Application, By Industry, and By Country)
  • China (By Robot Type)
  • Japan (By Robot Type)
  • India (By Robot Type)
  • Southeast Asia (By Robot Type)
  • Rest of Asia Pacific
Middle East & Africa (By Robot Type, By Application, By Industry, and By Country)
  • GCC (By Robot Type)
  • South Africa (By Robot Type)
  • Rest of the Middle East & Africa
Latin America (By Robot Type, By Application, By Industry, and By Country)
  • Brazil (By Robot Type)
  • Mexico (By Robot Type)
  • Rest of Latin America


1. Introduction
1.1. Definition, By Segment
1.2. Research Approach
1.3. Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of COVID-19
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Porter’s Five Forces Analysis
4.4. Global Industrial Robots Key Players Market Share Insights and Analysis, 2022
5. Global Industrial Robots Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
5.1. Key Findings
5.2. By Robot Type (USD Billion, and Thousand Units)
5.2.1. Articulated
5.2.2. SCARA
5.2.3. Cylindrical
5.2.4. Cartesian/Linear
5.2.5. Parallel
5.2.6. Others (Collaborative, etc.)
5.3. By Application (USD Billion)
5.3.1. Pick & Place
5.3.2. Welding & Soldering
5.3.3. Material Handling
5.3.4. Assembling
5.3.5. Cutting & Processing
5.3.6. Others (Painting, etc.)
5.4. By Industry (USD Billion)
5.4.1. Automotive
5.4.2. Electrical & Electronics
5.4.3. Health & Pharmaceuticals
5.4.4. Food & Beverage
5.4.5. Rubber & Plastic
5.4.6. Metals & Machinery
5.4.7. Others (Construction, Defense, Logistics, etc.)
5.5. By Region (USD Billion, and Thousand Units)
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Middle East & Africa
5.5.5. Latin America
6. North America Industrial Robots Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
6.1. Key Findings
6.2. By Robot Type (USD Billion, and Thousand Units)
6.2.1. Articulated
6.2.2. SCARA
6.2.3. Cylindrical
6.2.4. Cartesian/Linear
6.2.5. Parallel
6.2.6. Others (Collaborative, etc.)
6.3. By Application (USD Billion)
6.3.1. Pick & Place
6.3.2. Welding & Soldering
6.3.3. Material Handling
6.3.4. Assembling
6.3.5. Cutting & Processing
6.3.6. Others (Painting, etc.)
6.4. By Industry (USD Billion)
6.4.1. Automotive
6.4.2. Electrical & Electronics
6.4.3. Health & Pharmaceuticals
6.4.4. Food & Beverage
6.4.5. Rubber & Plastic
6.4.6. Metals & Machinery
6.4.7. Others (Construction, Defense, Logistics, etc.)
6.5. By Country (USD Billion and Thousand Units)
6.5.1. U.S.
6.5.1.1. By Robot Type
6.5.1.1.1. Articulated
6.5.1.1.2. SCARA
6.5.1.1.3. Cylindrical
6.5.1.1.4. Cartesian/Linear
6.5.1.1.5. Parallel
6.5.1.1.6. Others (Collaborative, etc.)
6.5.2. Canada
6.5.2.1. By Robot Type
6.5.2.1.1. Articulated
6.5.2.1.2. SCARA
6.5.2.1.3. Cylindrical
6.5.2.1.4. Cartesian/Linear
6.5.2.1.5. Parallel
6.5.2.1.6. Others (Collaborative, etc.)
7. Europe Industrial Robots Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
7.1. Key Findings
7.2. By Robot Type (USD Billion, and Thousand Units)
7.2.1. Articulated
7.2.2. SCARA
7.2.3. Cylindrical
7.2.4. Cartesian/Linear
7.2.5. Parallel
7.2.6. Others (Collaborative, etc.)
7.3. By Application (USD Billion)
7.3.1. Pick & Place
7.3.2. Welding & Soldering
7.3.3. Material Handling
7.3.4. Assembling
7.3.5. Cutting & Processing
7.3.6. Others (Painting, etc.)
7.4. By Industry (USD Billion)
7.4.1. Automotive
7.4.2. Electrical & Electronics
7.4.3. Health & Pharmaceuticals
7.4.4. Food & Beverage
7.4.5. Rubber & Plastic
7.4.6. Metals & Machinery
7.4.7. Others (Construction, Defense, Logistics, etc.)
7.5. By Country (USD Billion, and Thousand Units)
7.5.1. Germany
7.5.1.1. By Robot Type
7.5.1.1.1. Articulated
7.5.1.1.2. SCARA
7.5.1.1.3. Cylindrical
7.5.1.1.4. Cartesian/Linear
7.5.1.1.5. Parallel
7.5.1.1.6. Others (Collaborative, etc.)
7.5.2. U.K.
7.5.2.1. By Robot Type
7.5.2.1.1. Articulated
7.5.2.1.2. SCARA
7.5.2.1.3. Cylindrical
7.5.2.1.4. Cartesian/Linear
7.5.2.1.5. Parallel
7.5.2.1.6. Others (Collaborative, etc.)
7.5.3. France
7.5.3.1. By Robot Type
7.5.3.1.1. Articulated
7.5.3.1.2. SCARA
7.5.3.1.3. Cylindrical
7.5.3.1.4. Cartesian/Linear
7.5.3.1.5. Parallel
7.5.3.1.6. Others (Collaborative, etc.)
7.5.4. Italy
7.5.4.1. By Robot Type
7.5.4.1.1. Articulated
7.5.4.1.2. SCARA
7.5.4.1.3. Cylindrical
7.5.4.1.4. Cartesian/Linear
7.5.4.1.5. Parallel
7.5.4.1.6. Others (Collaborative, etc.)
7.5.5. Rest of Europe
8. Asia Pacific Industrial Robots Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
8.1. Key Findings
8.2. By Robot Type (USD Billion and Thousand Units)
8.2.1. Articulated
8.2.2. SCARA
8.2.3. Cylindrical
8.2.4. Cartesian/Linear
8.2.5. Parallel
8.2.6. Others (Collaborative, etc.)
8.3. By Application (USD Billion)
8.3.1. Pick & Place
8.3.2. Welding & Soldering
8.3.3. Material Handling
8.3.4. Assembling
8.3.5. Cutting & Processing
8.3.6. Others (Painting, etc.)
8.4. By Industry (USD Billion)
8.4.1. Automotive
8.4.2. Electrical & Electronics
8.4.3. Health & Pharmaceuticals
8.4.4. Food & Beverage
8.4.5. Rubber & Plastic
8.4.6. Metals & Machinery
8.4.7. Others (Construction, Defense, Logistics, etc.)
8.5. By Country (USD Billion, and Thousand Units)
8.5.1. China
8.5.1.1. By Robot Type
8.5.1.1.1. Articulated
8.5.1.1.2. SCARA
8.5.1.1.3. Cylindrical
8.5.1.1.4. Cartesian/Linear
8.5.1.1.5. Parallel
8.5.1.1.6. Others (Collaborative, etc.)
8.5.2. Japan
8.5.2.1. By Robot Type
8.5.2.1.1. Articulated
8.5.2.1.2. SCARA
8.5.2.1.3. Cylindrical
8.5.2.1.4. Cartesian/Linear
8.5.2.1.5. Parallel
8.5.2.1.6. Others (Collaborative, etc.)
8.5.3. India
8.5.3.1. By Robot Type
8.5.3.1.1. Articulated
8.5.3.1.2. SCARA
8.5.3.1.3. Cylindrical
8.5.3.1.4. Cartesian/Linear
8.5.3.1.5. Parallel
8.5.3.1.6. Others (Collaborative, etc.)
8.5.4. Southeast Asia
8.5.4.1. By Robot Type (USD Billion)
8.5.4.1.1. Articulated
8.5.4.1.2. SCARA
8.5.4.1.3. Cylindrical
8.5.4.1.4. Cartesian/Linear
8.5.4.1.5. Parallel
8.5.4.1.6. Others (Collaborative, etc.)
8.5.5. Rest of Asia Pacific
9. Middle East & Africa Industrial Robots Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
9.1. Key Findings
9.2. By Robot Type (USD Billion, and Thousand Units)
9.2.1. Articulated
9.2.2. SCARA
9.2.3. Cylindrical
9.2.4. Cartesian/Linear
9.2.5. Parallel
9.2.6. Others (Collaborative, etc.)
9.3. By Application (USD Billion)
9.3.1. Pick & Place
9.3.2. Welding & Soldering
9.3.3. Material Handling
9.3.4. Assembling
9.3.5. Cutting & Processing
9.3.6. Others (Painting, etc.)
9.4. By Industry (USD Billion)
9.4.1. Automotive
9.4.2. Electrical & Electronics
9.4.3. Health & Pharmaceuticals
9.4.4. Food & Beverage
9.4.5. Rubber & Plastic
9.4.6. Metals & Machinery
9.4.7. Others (Construction, Defense, Logistics, etc.)
9.5. By Country (USD Billion)
9.5.1. GCC
9.5.1.1. By Robot Type (USD Billion)
9.5.1.1.1. Articulated
9.5.1.1.2. SCARA
9.5.1.1.3. Cylindrical
9.5.1.1.4. Cartesian/Linear
9.5.1.1.5. Parallel
9.5.1.1.6. Others (Collaborative, etc.)
9.5.2. South Africa
9.5.2.1. By Robot Type (USD Billion)
9.5.2.1.1. Articulated
9.5.2.1.2. SCARA
9.5.2.1.3. Cylindrical
9.5.2.1.4. Cartesian/Linear
9.5.2.1.5. Parallel
9.5.2.1.6. Others (Collaborative, etc.)
9.5.3. Rest of Middle East & Africa
10. Latin America Industrial Robots Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
10.1. Key Findings
10.2. By Robot Type (USD Billion, and Thousand Units)
10.2.1. Articulated
10.2.2. SCARA
10.2.3. Cylindrical
10.2.4. Cartesian/Linear
10.2.5. Parallel
10.2.6. Others (Collaborative, etc.)
10.3. By Application (USD Billion)
10.3.1. Pick & Place
10.3.2. Welding & Soldering
10.3.3. Material Handling
10.3.4. Assembling
10.3.5. Cutting & Processing
10.3.6. Others (Painting, etc.)
10.4. By Industry (USD Billion)
10.4.1. Automotive
10.4.2. Electrical & Electronics
10.4.3. Health & Pharmaceuticals
10.4.4. Food & Beverage
10.4.5. Rubber & Plastic
10.4.6. Metals & Machinery
10.4.7. Others (Construction, Defense, Logistics, etc.)
10.5. By Country (USD Billion)
10.5.1. Brazil
10.5.1.1. By Robot Type
10.5.1.1.1. Articulated
10.5.1.1.2. SCARA
10.5.1.1.3. Cylindrical
10.5.1.1.4. Cartesian/Linear
10.5.1.1.5. Parallel
10.5.1.1.6. Others (Collaborative, etc.)
10.5.2. Mexico
10.5.2.1. By Robot Type
10.5.2.1.1. Articulated
10.5.2.1.2. SCARA
10.5.2.1.3. Cylindrical
10.5.2.1.4. Cartesian/Linear
10.5.2.1.5. Parallel
10.5.2.1.6. Others (Collaborative, etc.)
10.5.3. Rest of Latin America
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. ABB
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Offerings/Business Segments
11.1.2. Key Details (Key details are consolidated data and not product/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.1.2.5. Recent Developments
11.2. Yaksawa Electric Corporation
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Offerings/Business Segments
11.2.2. Key Details (Key details are consolidated data and not product/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.2.2.5. Recent Developments
11.3. Mitsubishi Electric Corporation
11.3.1. Overview
11.3.1.1. Key Management
11.3.1.2. Headquarters
11.3.1.3. Offerings/Business Segments
11.3.2. Key Details (Key details are consolidated data and not product/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.3.2.5. Recent Developments
11.4. Nachi Fujikoshi Corp
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Offerings/Business Segments
11.4.2. Key Details (Key details are consolidated data and not product/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.4.2.5. Recent Developments
11.5. Compau SpA
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Offerings/Business Segments
11.5.2. Key Details (Key details are consolidated data and not product/service specific)
11.5.2.1. Employee Size
11.5.2.2. Past and Current Revenue
11.5.2.3. Geographical Share
11.5.2.4. Business Segment Share
11.5.2.5. Recent Developments
11.6. KUKA AG
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Offerings/Business Segments
11.6.2. Key Details (Key details are consolidated data and not product/service specific)
11.6.2.1. Employee Size
11.6.2.2. Past and Current Revenue
11.6.2.3. Geographical Share
11.6.2.4. Business Segment Share
11.6.2.5. Recent Developments
11.7. Fanuc Corporation
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Offerings/Business Segments
11.7.2. Key Details (Key details are consolidated data and not product/service specific)
11.7.2.1. Employee Size
11.7.2.2. Past and Current Revenue
11.7.2.3. Geographical Share
11.7.2.4. Business Segment Share
11.7.2.5. Recent Developments
11.8. Denso Corporation
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Offerings/Business Segments
11.8.2. Key Details (Key details are consolidated data and not product/service specific)
11.8.2.1. Employee Size
11.8.2.2. Past and Current Revenue
11.8.2.3. Geographical Share
11.8.2.4. Business Segment Share
11.8.2.5. Recent Developments
11.9. Kawasaki Heavy Industry Co Ltd
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Offerings/Business Segments
11.9.2. Key Details (Key details are consolidated data and not product/service specific)
11.9.2.1. Employee Size
11.9.2.2. Past and Current Revenue
11.9.2.3. Geographical Share
11.9.2.4. Business Segment Share
11.9.2.5. Recent Developments
11.10. Omron Corporation
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Offerings/Business Segments
11.10.2. Key Details (Key details are consolidated data and not product/service specific)
11.10.2.1. Employee Size
11.10.2.2. Past and Current Revenue
11.10.2.3. Geographical Share
11.10.2.4. Business Segment Share
11.10.2.5. Recent Developments

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