The Industrial Robots Market is experiencing remarkable growth, primarily driven by the seamless integration of IoT devices, artificial intelligence, and machine learning. This convergence of cutting-edge technologies is revolutionizing the industry and fueling widespread adoption. Moreover, as industrial robots continue to advance, they are becoming more accessible to businesses due to increased commercialization and simplified installation processes. A key factor propelling their popularity is the ability of these robots to multitask efficiently, performing multiple complex tasks simultaneously.
An as of late distributed concentrate by FMI expects the global industrial robots market to increase at a 12% CAGR from 2022 to 2032. Toward the finish of the said evaluation time frame, a valuation of US$ 55.66 Billion is normal for the market. Expanding adaption of industrial robots in end client ventures, for example, auto, food and refreshment and drug industry is emphatically affecting the development of the market.
From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 9% and closing at US$ 16 Billion. Although, the COVID-19 pandemic affected the growth of industrial robots, the need for automation is driving the demand for the same. Furthermore, industrial robots are not saving time at manufacturing units but also accelerating productivity rates. This has led to the dependency on industrial robots.
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The integration of IoT devices, along with artificial intelligence and machine learning is spurring the growth of the same. With time, industrial robots are expected to become more commercialized, making the installation of the same easy. In addition, most industrial robots are able to perform various tasks at the same time. This, in turn, is helping them gain huge traction.
Key Takeaways from the Market Study
- By end use, electric and electrical industry is expected to procure 40% market share for industrial robots.
- China is expected to account for 45% of the total Industrial Robots in 2022
- S. is expected to hold 40% market share for industrial robots in 2022
- France is expected to possess 30% market share for industrial robots
“Industrial robots have the potential to change the functioning of end user industries. Multitasking, precision and accuracy are making industrial robots a popular option across industries. This, in turn, is gaining traction for the same.” states an FMI analyst
Market Competition
Key players in the industrial robot market are Denso Corporation, Kawasaki Heavy Industries, Brenton, LLC, Krones AG, Mitsubishi Electric Corporation, YASKAWA Electric Corporation, KUKA AG, Fanuc Corporation and ABB Limited.
- Denso Corporation, a key player in the industrial robots market is focusing on studying the infrastructure and requirements of end user industries and designing industrial robots for the same.
- Mitsubishi Electric Corporation, is focusing on research for designing industrial robots. The company is developing industrial robots that can carry out complex tasks easily.
More Insights Available
FMI, in its new offering, presents an unbiased analysis of the global industrial robots market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of Product Type (Articulated Robots, SCARA Robots, Parallel Robots, Cartesian Robots, Cylindrical Robots, Others), by End Use (Automotive, Electrical & Electronics, Metals & Machinery, Chemicals, Plastic & Rubber, Food & Beverages, Healthcare, Construction, Others), by Application (Material Handling, Welding & Soldering, Assembly & Disassembly, Painting & Dispensing, Others), by technology (Automatic, Semi- Automatic, Manual) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
About the Industrial Automation Domain at Future Market Insights
The industrial automation domain team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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Key Segments Profiled in the Industrial Robots Industry Survey
Industrial Robots by Product Type:
- Industrial Robots byArticulated Robots
- Industrial Robots bySCARA Robots
- Industrial Robots byParallel Robots
- Industrial Robots byCartesian Robots
- Industrial Robots byCylindrical Robots
- Industrial Robots byOthers
Industrial Robots by End Use:
- Industrial Robots byAutomotive
- Industrial Robots byElectrical & Electronics
- Industrial Robots byMetals & Machinery
- Industrial Robots byChemicals, Plastic & Rubber
- Industrial Robots byFood & Beverages
- Industrial Robots byHealthcare
- Industrial Robots byConstruction
- Industrial Robots byOthers
Industrial Robots by Applications:
- Industrial Robots byMaterial Handling
- Industrial Robots byWelding & Soldering
- Industrial Robots byAssembly & Disassembly
- Industrial Robots byPainting & Dispensing
- Industrial Robots byOthers
Industrial Robots by Technology:
- Industrial Robots byAutomatic
- Industrial Robots bySemi- Automatic
- Industrial Robots byManual
Region:
- North America Industrial Robots Market
- Latin America Industrial Robots Market
- Europe Industrial Robots Market
- Asia Pacific Industrial Robots Market
- Middle East & Africa Industrial Robots Market
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