Industrial Robotics Market - Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032
High accuracy, reliability, and affordability offered by industrial robots, rising demand for industrial robotics from small and medium industries, and intense competition are the key factors driving the growth of the global industrial robotics market. Industrial robotics consists of hardware component, software component, and control mechanism.
Industrial robots are widely used across different industrial sectors to perform complex and repetitive tasks with high accuracy and precision. With advancement in technology and decreasing cost, the small and medium industries are focusing on employing industrial robots to increase production and improve efficiency.
The emergence and adoption of combination robotics has significantly fueled the growth of industrial robots owing to reduced space requirement and high throughput in critical applications through human machine collaborative environment.
The COVID-19 pandemic is anticipated to cast significant impact on the global industrial robotic in coming years due to loss in productivity and changing demand patterns. The global industrial robotics market is anticipated to grow significantly during the forecast period.
Asia Pacific contributed the largest share to the global industrial robotics market in 2019 and is anticipated to be a dominating geography during the forecast period owing to expanding manufacturing industry, increased penetration of industrial robotics, and adoption across small & medium sized enterprises.
Shifting of manufacturing activities to major countries such as China, India, and South Korea and expanding semiconductor & electronics manufacturing industry in China, South Korea, Taiwan, and Singapore is expected to bolster the growth of Asia Pacific industrial robotics market in coming years.
Europe is anticipated to contribute a prominent share to the global market during the forecast period owing to the presence of leading robotics manufacturing companies and increasing investment in development of advanced robotic systems to improve productivity and efficiency.
The report titled “Industrial Robotics Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global industrial robotics market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, ABB reported revenues of USD 27,978 million in 2019 and the product segment analysis of the company indicates that Electrification business segment of the company dominated revenue in 2019.
The global industrial robotics market is segmented based on robot type, application, end use industry, and geography. Based on robot type, the global industrial robotics market is segmented into articulated, SCARA, cylindrical, Cartesian/linear, parallel, and others. Based on applications, the global industrial robotics market is segmented into pick & place, welding & soldering, material handling, assembling, cutting & processing, and others. Based on end use industry, the global industrial robotics market is segmented into automotive, metal & machinery, healthcare, food & beverages, chemicals, pharmaceuticals, aerospace & defense, transportation & logistics, semiconductor & electronics, and others. Based on geography, the global industrial robotics market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on Industrial Robotics. Further, market share of prominent companies in the global Industrial Robotics market would also be estimated.
For instance, ABB operates through four business segments namely Electrification, Motion, Industrial Automation, and Robotics & Discrete Automation. The industrial robotics products are delivered under Robotics & Discrete Automation business segment of the company with revenue contribution of US$ 3,314 billion in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the Industrial Robotics companies. The global Industrial Robotics market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the Industrial Robotics business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global Industrial Robotics market.
Major players active in the global industrial robotics market include ABB, DENSO Corporation, Seiko Epson Corporation, Fanuc Robotics, KUKA, Mitsubishi Electric Corporation, Omron Adept Technologies, Inc., Panasonic Corporation, Toshiba Machine Co., Ltd., and YRG, Inc.
Global Industrial Robotics Market Segmentation:
By Robot type
- articulated
- SCARA
- cylindrical
- Cartesian/linear
- parallel
- others
By Application
- pick & place
- welding & soldering
- material handling
- assembling
- cutting & processing
- others
By End use industry
- automotive
- metal & machinery
- healthcare
- food & beverages
- chemicals
- pharmaceuticals
- aerospace & defense
- transportation & logistics
- semiconductor & electronics
- others
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Industrial Robotics Market
- Global Industrial Robotics Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Trends
- Global Industrial Robotics Market Analysis and Forecast, by Robot Type
- Overview and definitions
- Key segment analysis
- Global Industrial Robotics Market Estimates (US$ Mn), by Robot Type, 2019 – 2032
- Articulated Robots
- SCARA Robots
- Cylindrical Robots
- Cartesian/linear Robots
- Parallel Robots
- Global Industrial Robotics Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Industrial Robotics Market Estimates (US$ Mn), by Application, 2019 – 2032
- Pick & Place
- Welding & Soldering
- Material Handling
- Assembling
- Cutting & Processing
- Others
- Global Industrial Robotics Market Analysis and Forecast, by End Industry
- Overview and definitions
- Key segment analysis
- Global Industrial Robotics Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Automotive
- Electrical/Electronics
- Metal & Machinery
- Food & Beverage
- Healthcare
- Plastics & Chemicals
- Others
- Global Industrial Robotics Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Industrial Robotics Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Industrial Robotics Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Industrial Robotics Market Estimates (US$ Mn), by Robot Type, 2019 – 2032
- Articulated Robots
- SCARA Robots
- Cylindrical Robots
- Cartesian/linear Robots
- Parallel Robots
- North America Industrial Robotics Market Estimates (US$ Mn), by Application, 2019 – 2032
- Pick & Place
- Welding & Soldering
- Material Handling
- Assembling
- Cutting & Processing
- Others
- North America Industrial Robotics Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Automotive
- Electrical/Electronics
- Metal & Machinery
- Food & Beverage
- Healthcare
- Plastics & Chemicals
- Others
- North America Industrial Robotics Market Estimates (US$ Mn), Country, 2019 – 2032
- The U.S.
- Canada
- Rest of North America
- Europe Industrial Robotics Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Industrial Robotics Market Estimates (US$ Mn), by Robot Type, 2019 – 2032
- Articulated Robots
- SCARA Robots
- Cylindrical Robots
- Cartesian/linear Robots
- Parallel Robots
- Europe Industrial Robotics Market Estimates (US$ Mn), by Application, 2019 – 2032
- Pick & Place
- Welding & Soldering
- Material Handling
- Assembling
- Cutting & Processing
- Others
- Europe Industrial Robotics Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Automotive
- Electrical/Electronics
- Metal & Machinery
- Food & Beverage
- Healthcare
- Plastics & Chemicals
- Others
- Europe Industrial Robotics Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific Industrial Robotics Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Industrial Robotics Market Estimates (US$ Mn), by Robot Type, 2019 – 2032
- Articulated Robots
- SCARA Robots
- Cylindrical Robots
- Cartesian/linear Robots
- Parallel Robots
- Asia Pacific Industrial Robotics Market Estimates (US$ Mn), by Application, 2019 – 2032
- Pick & Place
- Welding & Soldering
- Material Handling
- Assembling
- Cutting & Processing
- Others
- Asia Pacific Industrial Robotics Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Automotive
- Electrical/Electronics
- Metal & Machinery
- Food & Beverage
- Healthcare
- Plastics & Chemicals
- Others
- Asia Pacific Industrial Robotics Market Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa Industrial Robotics Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Industrial Robotics Market Estimates (US$ Mn), by Robot Type, 2019 – 2032
- Articulated Robots
- SCARA Robots
- Cylindrical Robots
- Cartesian/linear Robots
- Parallel Robots
- Middle East & Africa Industrial Robotics Market Estimates (US$ Mn), by Application, 2019 – 2032
- Pick & Place
- Welding & Soldering
- Material Handling
- Assembling
- Cutting & Processing
- Others
- Middle East & Africa Industrial Robotics Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Automotive
- Electrical/Electronics
- Metal & Machinery
- Food & Beverage
- Healthcare
- Plastics & Chemicals
- Others
- Middle East & Africa Industrial Robotics Market Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East
- South America Industrial Robotics Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Industrial Robotics Market Estimates (US$ Mn), by Robot Type, 2019 – 2032
- Articulated Robots
- SCARA Robots
- Cylindrical Robots
- Cartesian/linear Robots
- Parallel Robots
- South America Industrial Robotics Market Estimates (US$ Mn), by Application, 2019 – 2032
- Pick & Place
- Welding & Soldering
- Material Handling
- Assembling
- Cutting & Processing
- Others
- South America Industrial Robotics Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Automotive
- Electrical/Electronics
- Metal & Machinery
- Food & Beverage
- Healthcare
- Plastics & Chemicals
- Others
- South America Industrial Robotics Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Industrial Robotics Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- ABB Ltd.
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- DENSO Corporation
- Seiko Epson Corporation
- Fanuc Robotics
- KUKA
- Mitsubishi Electric Corporation
- Omron Adept Technologies, Inc.
- Panasonic Corporation
- Toshiba Machine Co., Ltd.
- YRG, Inc.
- Kawasaki Robotics
- Yamaha Robotics
- Nachi Robotic Systems Inc.
- Epson Robots
- ABB Ltd.
- Conclusion & Recommendations
Frequently asked questions about this report
What is the time duration considered while assessing the market?
The Industrial Robotics analysis market has been assessed for the years 2023 to 2032.
Which prime Industrial Robotics players are profiled in this analysis?
Key Industrial Robotics market players are ABB, DENSO Corporation, Seiko Epson Corporation, Fanuc Robotics, KUKA, Mitsubishi Electric Corporation, Omron Adept Technologies, Inc., Panasonic Corporation, Toshiba Machine Co., Ltd., and YRG, Inc and others.
How big is the Industrial Robotics market?
The global Industrial Robotics market size is estimated to reach USD 66.7 Billion by 2032.