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

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

The Industrial Robotics Market is valued at USD 17.6 billion in 2024 and is expected to grow at a CAGR of 7.49% during the forecast period till 2035.

Over the years, global demand for consumer electronics and automobiles has surged, prompting manufacturers to increasingly rely on industrial robots to automate tasks that require consistent process replicability. These robots, designed for heavy-duty operations, accelerate production by automating processes that would otherwise be time-consuming or hazardous. Each industrial robot typically features at least one robotic arm capable of performing dangerous or repetitive tasks in factories.

Industrial robots offer the flexibility to function in strenuous conditions, such as high-pressure vacuum chambers or radiation environments, where human exposure would be risky. Additionally, these robotic arms can be equipped with specialized grippers, enabling them to handle delicate materials or lift loads weighing several tons. Currently, over three million industrial robots are in operation worldwide, delivering higher efficiency compared to human labor. According to the International Trade Administration (ITA), companies focused on automation of labor have seen an increase in productivity by more than 5%. Consumers are now demanding more versatile robots capable of handling a broader range of payloads. For instance, KUKA industrial robots can lift up to 500 kg, with an arm reach exceeding 2,500 mm.

As industrial robots continue to prove their ability to deliver optimal results in shorter timeframes, the demand for these machines is expected to rise in the coming years.

Key Market Segments

Type of Robot

• Traditional Industrial Robots
• Collaborative Robots

Type of Traditional Industrial Robot

• Articulated Robots
• Cartesian Robots
• SCARA Robots
• Delta Robots
• Other Robots

Payload

• Low Payloads (<20 Kgs)
• Medium Payloads (20 to 150 Kgs)
• High Payloads (>150 Kgs)

Mobility

• Stationary Robots
• Mobile Robots

Application Area

• Handling
• Welding
• Assembling
• Cleanroom
• Dispensing
• Processing
• Other Application Areas

End-User

• Electronics Industry
• Automotive Industry
• Metal and Machinery Industry
• Plastics Industry
• Food and Beverages Industry
• Other Industries

Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa and the Rest of the World

Leading Market Players

• ABB
• FANUC
• Kawasaki Heavy Industries
• KUKA
• Yasakawa
• Nachi-Fujikoshi

Research Coverage:

• A brief overview of the scope of the project, outlining the specific objectives of the report, devised to provide a deeper understanding of the industrial robotics market.
• A detailed outline of the systematic research approach used for the study of the industrial robotics market. This section features an overview of the key assumptions, research methodologies, and quality control measures employed to ensure the accuracy and reliability of our findings.
• An in-depth examination of the key factors shaping the industrial robotics industry, including economic, strategic, technological, and institutional drivers. This section highlights the significant parameters that impact the industry's growth, trends, and competitive landscape, providing readers with a comprehensive understanding of the market's dynamics and complexities.
• An executive summary of the insights captured during our research, offering a consolidated overview of the current state of industrial robotics market, highlighting the most relevant trends, challenges, and opportunities that are shaping the industry's development. This summary offers a strategic perspective on the market's current landscape and its projected evolution over the mid-to-long term.
• A comprehensive analysis of the megatrends transforming the industrial robotics market, including the development of mobile robots, the metaverse's influence, expanding applications for robots, sustainable manufacturing practices, AI and ML integration, humanoid robot advancements, mobile manipulator adoption, and digital twin technology adoption.
• An insightful introduction to the industrial robotics market, delving into the fundamental components of an industrial robot and the various types of robots that exist. The chapter also explores the historical milestones related to industrial robotics. Further, it sheds light on the common challenges faced by stakeholders in this market space, as well as recent advancements and future prospects that are expected to shape the industry's trajectory.
• A detailed assessment of the current market landscape, featuring an in-depth examination of the leading companies operating in the industrial robotics 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 involved in the domain.
• A detailed examination of the current market landscape of startups operating in the industrial robotics market. The report provides an in-depth analysis of the key startups based 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 or granted related to industrial robots since 2005, taking into consideration several relevant 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, this section includes 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 industrial robotics market. This section identifies and examines the key drivers, potential restraints, emerging opportunities, and existing challenges that can shape the future of the industry.
• An in-depth projection of the current market value and the future growth potential of the industrial robotics market over the next decade. The estimation is based on multiple parameters, such as likely adoption trends and through reliable secondary and primary validations, we have provided an informed estimate on the overall market evolution during the forecast period. 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’s growth.
• In-depth 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.
• Exhaustive 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 and mobile robots.
• 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 the 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 for increased adoption of industrial robots across five major countries, namely the US, Germany, China, Japan and South Korea.
• An insightful Porters five forces analysis, presenting five competitive forces, namely threats to new entrants, bargaining power of product providers, bargaining power of buyers, threat of substitute products and rivalry among existing competitors offers detailed understanding of the industry dynamics.

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.

Key Companies Profiled

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