Industrial Robotics Market: Industry Trends and Global Forecasts, till 2035

Industrial Robotics Market: Industry Trends and Global Forecasts, till 2035

The Fourth Industrial Revolution has revolutionized the manufacturing processes across a range of industries with the integration of robotics and connected devices. As the global demand for consumer electronics and automobiles has steadily increased, manufacturers have turned to industrial robots to automate tasks that require precise, repetitive execution. Designed for heavy-duty applications, these robots boost production by taking over tasks that are labor-intensive or hazardous. Typically, industrial robots are equipped with at least one robotic arm capable of handling dangerous or repetitive operations within factories. These robots are highly adaptable and can operate under extreme conditions, such as high-pressure vacuum chambers or radiation environments, where direct human involvement would be unsafe. Further, their robotic arms can be fitted with specialized grippers, allowing them to manage delicate items or lift loads weighing several tons.

Currently, more than three million industrial robots are in use globally, achieving significantly greater efficiency than human labor. The International Trade Administration (ITA) reports that organizations implementing automated labor have experienced over a five percent boost in productivity. As a result, consumers are increasingly seeking more versatile robots that can handle a wider range of payloads. For instance, KUKA industrial robots can lift up to 500 kg and have an arm reach of over 2,500 mm. With their proven ability to deliver optimal performance in shorter timeframes, the demand for industrial robots is expected to grow further in the years ahead.

Research Coverage:

• An overview of the project, Industrial Robots, defining the context and scope of the study, and outlining the specific objectives of the report, aimed at delivering a detailed understanding of the industrial robotics market and its key dynamics.
• A thorough description of the research design and methodology used to investigate the industrial robotics market, including key assumptions, research approaches, and quality control measures. The purpose is to provide transparency into the research process, enabling readers to assess the credibility and reliability of our findings and conclusions.
• An overview of economic, strategic, technological, and institutional factors that impact the overall industrial robotics industry. It identifies the most influential factors that shape the industry's development, trends, and competitive landscape, offering readers a nuanced understanding of the market's dynamics and complexities.
• This executive summary distills the key findings of our research into a concise and actionable overview of the industrial robotics market. It provides a strategic perspective on the market's current landscape and its projected trajectory over the mid-to-long term.
• A qualitative assessment of the various megatrends ongoing in the industrial robotics market, including the development of mobile robots, impact of metaverse, expanding applications for robots, sustainability in robot manufacturing, inclusion of artificial intelligence and machine learning, advancements in humanoid robots, rising adoption of mobile manipulators and the adoption of digital twin technology.
• A general overview of the industrial robotics market, covering the core components of industrial robots and the various types of robots that exist. The chapter also delves into the history of industrial robotics, highlighting significant milestones and developments that have shaped the industry. Additionally, it identifies common challenges faced by market stakeholders, as well as recent advancements and future prospects that will influence the market's direction and evolution.
• A detailed overview of the current market landscape of leading companies engaged in this market, along with information on several relevant parameters, such as year of establishment, company size (in terms of employee count), location of headquarters, number of robots offered (less than 25 robots, 20 to 50 robots, 50 to 75 robots and more than 75 robots), type of robot (collaborative robots, articulated robots, SCARA robots, cartesian robots, delta robots and other robots), number of axes (less than 6 axes, 6 axes and more than 6 axes), arm outreach (less than 1m, 1m to 2m, 2m to 3m, 3m to 4m and above 4m), protection class (IP65, IP54, IP67, IP20, IP40, IP10, IP44 and others), application area (assembly/disassembly applications, handling applications, processing/cutting applications, dispensing applications, welding applications and other applications) and end-user (automotive industry, electronics industry, food and beverages industry, metal and machinery industry, healthcare industry, rubber and plastics industry and other industries). This competitive landscape also provides an insight into the leading companies.
• An elaborate overview of the current market landscape of startups engaged in the market, along with information on several relevant parameters, such as year of establishment, company size (in terms of employee count), location of headquarters, type of robot (collaborative robots, articulated robots, SCARA robots, cartesian robots, delta robots and other robots) and application area (handling applications, assembly/disassembly applications, pick and place applications, dispensing applications, processing/cutting applications and other applications).
• An in-depth analysis of various patents that have been filed/granted related to industrial robots, since 2005, taking into consideration parameters, such as publication year, geographical region, CPC symbols, leading players (in terms of number of patents filed/granted) and type of organization. In addition, the chapter includes a detailed patent benchmarking and an insightful valuation analysis, highlighting the leading patents (in terms of number of citations).
• An in-depth analysis of the factors that can impact the growth of the market, providing a detailed analysis of the key drivers, restraints, opportunities, and challenges that will shape its future trajectory.
• A detailed estimate of the current market value and the future growth potential of the industrial robotics market over the next decade. Based on multiple parameters, such as likely adoption trends and through reliable secondary and primary validations, we have provided an informed estimate on the market evolution during the forecast period (till 2035). The report also features the likely distribution of the current and forecasted opportunity within the industrial robotics industry. Further, in order to account for future uncertainties and to add robustness to our model, we have provided three forecast scenarios, namely conservative, base, and optimistic scenarios, representing different tracks of the market growth.
• Detailed projections of the current and future opportunity for product providers in the industrial robotics market across various types of robots, such as traditional industrial robots and collaborative robots.
• Comprehensive projections of the current and future opportunity for product providers in the industrial robotics market across various types of traditional industrial robots, such as articulated robots, cartesian robots, SCARA robots, delta robots and other robots.
• Comprehensive projections of the current and future opportunity for product providers in the industrial robotics market across various payloads, such as low payloads (<20 Kgs), medium payloads (20 to 150 Kgs) and high payloads (>150 Kgs).
• Detailed projections of the current and future opportunity for product providers in the industrial robotics market across different mobilities, such as stationary robots and mobile.
• Detailed projections of the current and future opportunity for product providers in the industrial robotics market across various application areas, such as handling, welding, assembling, cleanroom, dispensing, processing and other application areas.
• Detailed projections of the current and future opportunity for product providers in the industrial robotics market across various end-users, such as the electronics industry, automotive industry, metal and machinery industry, plastics industry, food and beverages industry and other industries.
• Detailed projections of the current and future opportunity for product providers in the market across different geographies, such as North America, Europe, Asia-Pacific, Latin America and Middle East and Africa and rest of the world.
• Elaborate profiles of key companies engaged in the industrial robotics industry. Each profile features a brief overview of the industrial robotics companies, along with information on location of headquarters, year of establishment, number of employees, leadership team, product portfolio, financial information, recent developments, and an informed future outlook.
• A detailed discussion on various policies/initiatives targeted for increased adoption of industrial robots across five major countries, namely the US, Germany, China, Japan and South Korea.
• A qualitative analysis of the five competitive forces, including threats to new entrants, bargaining power of product providers, bargaining power of buyers, threat of substitute products and rivalry among existing competitors. By examining these factors, this section provides a nuanced understanding of the competitive strategies and industry dynamics at play, empowering stakeholders to make informed decisions about market positioning, partnerships, and innovation.

Key Benefits of Buying this Report

• The report offers market leaders and newcomers valuable insights into revenue estimations for both the overall market and its sub-segments.
• Stakeholders can utilize the report to enhance their understanding of the competitive landscape, allowing for improved business positioning and more effective go-to-market strategies.
• The report provides stakeholders with a comprehensive view on the Industrial Robotics Market, covering essential information on significant market drivers, barriers, opportunities, and challenges.

Leading Market Companies

• ABB
• Daihen
• FANUC
• Kawasaki Heavy Industries
• KUKA
• Mitsubishi Electric
• Nachi-Fujikoshi
• Yamaha Motor
• Comau
• Denso
• Epson America
• Omron
• Siasun
• Stäubli
• Yaskawa
• Hirata
• Nordson