Industrial Robotics Market by Type (Articulated Robots, Cylindrical Robots, Selective Compliant Assembly Robot Arm (SCARA) Robots, Cartesian Robots, and Other Types), by End user (Automotive, Electrical & Electronics, Chemical, Rubber & Plastics, Machinery, Metals, Food & Beverages, Precision & Optics, and Others), by Function (Soldering & Welding, Materials Handling, Assembling & Disassembling, Painting & Dispensing, Milling, Cutting & Processing, and Others) and Geography - Global Opportunity Analysis and Industry Forecast 2022-2030

Market Definition:

The global Industrial Robotics Market size was valued at USD 32.32 billion in 2021 and is predicted to reach USD 88.55 billion by 2030 with a CAGR of 12.1% from 2022-2030.

Industrial robots play a vital role in automating manufacturing processes across different industries. They can perform different industrial tasks such as loading, packaging, labeling, product inspection, and shifting among others. Industrial robot increases the productivity and profitability of organizations by eliminating labour-intensive activities with a high degree of accuracy and efficiency. Moreover, they can work in hazardous environments such as high-pressure or vacuum chambers, and areas where there are explosions, infections, and radiation among others. They are widely used in automobiles and heavy engineering industries.

Market Dynamics and Trends:

The growth in the manufacturing and electronics industries is one of the major factors fuelling the industrial robotics market growth. Also, product manufacturers are adopting robots to automate some of the repetitive processes. According to data released in Oct, 2019, by the Robot Industry Association, more than 250,000 industrial robots had been adopted in the United States alone, giving an evaluation of the penetration rate of industrial robotics.

Also, the newest industrial revolution called Industry 4.0, has raised the evolution of new technologies, like AI-enabled robots, and collaborative robots that have empowered industries to use robots to streamline industrial processes. Moreover, due to the COVID-19 pandemic, the growth of the robotics industry was accelerated due to the shortage of workers. Robots helped enhanced manufacturers' resilience and cope with production peaks while withstanding systemic shocks. Furthermore, according to CGTN, China's industrial robotic production rose by 29.2% reaching its highest growth rate in the first half of 2020.

However, high initial investment maintenance costs and compatibility issues are expected to restrain the market growth to some extent. On the other hand, increasing the integration of robotics for handling delicate semiconductors is expected to create opportunities for industrial robotics industry players in the coming years.

Market Segmentations and Scope of the Study:

The industrial robotics market share is segmented based on type, industry, function, and geography.

On the basis of type, the market is segmented into articulated, cartesian, SCARA, cylindrical and others. Based on the Industry, the market is segmented into automotive, electrical & electronics, chemical, rubber & plastics, machinery, metals, food & beverages, precision & optics and others. On the basis of function, the market is divided into soldering and welding, materials handling, assembling & disassembling, painting and dispensing, milling, cutting and processing and others. Based on the geography, the market is divided into North America, Europe, Asia-Pacific and RoW.

Geographical Analysis:

North America holds the lion's share of the industrial robotics market at present. This is attributed to the factors such as increasing wages of workers and large-scale adoption of robots in various industries, such as entertainment, education and healthcare. Also, the U.S. has the largest defence budget globally. A large portion of this budget goes into military modernization and hardware upgrades. In recent times, there has been substantial adoption of robots in the country’s military and defence industry, which in turn boosts the industrial robotic market demand.

However, Asia Pacific is expected to show the fastest growth in terms of market share due to the rising inclination towards automation in countries such as Japan, China and India. China is expected to drive the market growth in this region. A strong financial position allows it to invest heavily in the latest tools and hardware including robots to increase efficiency and improve industrial production.

Competitive Landscape:

Lucrative growth opportunities make the industrial robotic market extremely competitive. Some of the major players in the market are ABB, Kuka AG, Fanuc, Yaskawa Electric Corporation, Denso Robotics, Universal Robots, Nachi-Fujikoshi Corp., Omron Corporation, Rethink Robotics Gmbh, Kawasaki Heavy Industries Ltd., Krones AG, Mitsubishi Electric Corp., Brenton LLC, Doosan Robotics Inc., Panasonic Corporation, Comau S.P.A., Techman Robot Inc., Schneider Electric S.E., and Precise Automation.

For instance, in September 2020, ABB launched IRB 1300 for confined spaces, which helps customers to meet the demand for more compact and faster robots. Also, in September 2020, KUKA launched a new SCARA robot that can perform tasks such as material handling, inspection tasks and small part assembly, with a payload upto 6 kg.

Key Benefits:

• A brief description of the industry with current trends and future estimations is provided by it to explain its market outlook.

• It offers a quantitative analysis of the current market trends and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on. 

• The study comprises a deep dive analysis of the industrial robotics market trend including the current and future trends for depicting prevalent investment pockets in the report.

• It shares information related to key drivers, restraints and opportunities and their impact on the industrial robotics market.

• It includes key market players and market share, which helps understand their competitive analysis.

• The competitive analysis of the market players along with their market share in the industrial robotics market.

• The SWOT analysis and Porter's Five Forces model are elaborated on the study.

• Value chain analysis in the market study provides a clear picture of the stakeholder’s role.

Industrial Robotics Market Key Segments:

By Type

• Articulated Modular Robots

• Cartesian Modular Robots

• SCARA Modular Robots

• Parallel Modular Robots

• Collaborative Modular Robots

• Others

By Mobility

• Fixed Robots

• Mobile Robots

By End User

• Logistics

• Aerospace & Defense

• Healthcare

• Food & Beverages

• Automotive & Transportation

• Manufacturing

• Media & Entertainment

• Others

By Geography

• North America

  • U.S

  • Canada

  • Mexico

• Europe

  • UK

  • Italy

  • Germany

  • Spain

  • Netherlands

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Taiwan

  • Vietnam

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

 REPORT SCOPE AND SEGMENTATION: