Industrial Robotics Market 2024-2028
The industrial robotics market is forecasted to grow by USD 16.71 bn during 2023-2028, accelerating at a CAGR of 13.26% during the forecast period. The report on the industrial robotics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by surge in demand for industrial robots, robot vendors initiatives to improve service delivery, and improvement in industrial robotic system integration services.
Technavio's industrial robotics market is segmented as below:
By Type
- Articulated
- SCARA
- Cylindrical
- Others
By End-user
- Electrical and electronics
- Automotive
- Metal and machinery
- Pharmaceuticals
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the integration of IoT with robotics as one of the prime reasons driving the industrial robotics market growth during the next few years. Also, increase in demand for cobots and growing developments in Industry 4.0 and smart manufacturing will lead to sizable demand in the market.
The report on the industrial robotics market covers the following areas:
- Industrial robotics market sizing
- Industrial robotics market forecast
- Industrial robotics market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial robotics market vendors that include ABB Ltd., b m surface systems GmbH, Comau Spa, DENSO Corp., Durr AG, FANUC Corp., Kawasaki Heavy Industries Ltd., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., OMRON Corp., Relay Robotics Inc., Rethink Robotics GmbH, Robert Bosch GmbH, Rockwell Automation Inc., Seiko Epson Corp., Shenyang Xinsong Robot Automation Co. Ltd., Staubli International AG, Teradyne Inc., and Yaskawa Electric Corp.. Also, the industrial robotics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.