The global industrial robotic motors market is expected to reach approximately USD 1.2 billion in 2023, with a projected compound annual growth rate (CAGR) of around 14% from 2023 to 2033. By the end of this forecast period, the market is projected to surge to USD 4.6 million by 2033.
This growth is largely driven by increasing automation in factories and the widespread use of robots in various service applications such as healthcare, agriculture, and defense, along with the adoption of modern robotic technologies.
A new study by Future Market Insights on the industrial robotic motors market, covering global industry analysis from 2014 to 2021 and forecasting opportunities from 2022 to 2029, highlights the significant growth anticipated during the forecast period. Key factors contributing to this growth include high demand for robots across various industries, the rapid rise of automation, and the implementation of global energy-efficient standards.
The demand for non-stop operations, driven by rising product demand and a shrinking workforce, has led to an increased adoption of robotic technology, which is expected to boost demand for industrial robotic motors, according to the FMI report.
East Asia Offers Strong Growth Opportunities
East Asia continues to present promising growth prospects, with China leading the way as robots are increasingly integrated into solutions and services. South Korea’s growing robotics industry and Japan’s workforce shortages are also key drivers of the market in the region. The South Asia-Pacific region is expected to see the highest growth rate due to increasing automation in manufacturing industries in developing countries.
Competitive Landscape: Key Developments in the Industrial Robotic Motors Market
- Leading companies are focusing on integrating advanced technologies into automation solutions to streamline and improve manufacturing processes.
- Many firms are entering into partnerships, alliances, mergers, and agreements to develop innovative robot arm motors.
Notable Developments:
- Comau and IUVO: Announced wearable robotics products in February 2022 to enhance operator efficiency during manual load transfers, aiming to reduce lower back fatigue and improve health.
- Yaskawa Electric Corporation: Acquired additional shares of Doolim-Yaskawa Co., Ltd. in January 2022 to expand its presence in the robotic painting and sealing system markets.
Key Companies Profiled
- ABB Group
• Nidec Corporation
• FAULHABER Group
• PMDM Group
• HDD
• Aurotek Corporation
• Kollmorgen
• Fanuc Corporation
• Kawasaki Heavy Industries
• Lin Engineering
• Shenzhen Topband
• Pololu Corporation
• ElectroCraft
• Zikodrive Motor Controllers
• Duowei Electric
Industrial Robotic Motors Market by Category
Motor Type:
- Servo Motor
- DC Motor
- Stepper Motor
Robot Type:
- SCARA Robot
- Delta Robot
- Cartesian/Gantry Robot
- Articulated Robot
- Collaborative Robot
- Dual Arm Robot
Fit Type:
- First Fit
- Retro Fit
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa
Report Preview: https://www.futuremarketinsights.com/reports/industrial-robotic-motors-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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