In the ever-evolving landscape of industrial automation, the future of industrial robots appears to be on an upward trajectory. With a projected growth rate of 12% leading to an estimated market value of US$ 55.66 Billion in 2032, it’s evident that industrial robots are poised to play an increasingly vital role in various sectors.
The history of industrial robots traces back to the pioneering Unimate, a marvel of engineering that debuted in the 1950s. This innovative creation, born from the collaboration between humans and technology, marked the beginning of a transformative journey in manufacturing. Unimate’s initial role of transporting die castings and welding parts onto auto bodies for General Motors paved the way for the automation revolution we witness today.
Industrial robots come in various forms, each designed to excel in specific applications. SCARAs, Articulated Robots, Cartesian Robots, Delta Robots, and Polar Robots represent a diverse family of machines, each possessing unique capabilities tailored to the demands of modern industries. They range from precision tasks in electronics assembly to heavy-duty operations in automotive manufacturing.
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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
- U.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.
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 by Articulated Robots
- Industrial Robots by SCARA Robots
- Industrial Robots by Parallel Robots
- Industrial Robots by Cartesian Robots
- Industrial Robots by Cylindrical Robots
- Industrial Robots by Others
Industrial Robots by End Use:
- Industrial Robots by Automotive
- Industrial Robots by Electrical & Electronics
- Industrial Robots by Metals & Machinery
- Industrial Robots by Chemicals, Plastic & Rubber
- Industrial Robots by Food & Beverages
- Industrial Robots by Healthcare
- Industrial Robots by Construction
- Industrial Robots by Others
Industrial Robots by Applications:
- Industrial Robots by Material Handling
- Industrial Robots by Welding & Soldering
- Industrial Robots by Assembly & Disassembly
- Industrial Robots by Painting & Dispensing
- Industrial Robots by Others
Industrial Robots by Technology:
- Industrial Robots by Automatic
- Industrial Robots by Semi- Automatic
- Industrial Robots by Manual
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
Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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