Dublin, June 06, 2023 (GLOBE NEWSWIRE) -- The "Global Industrial Robotics Market and Volume by Segment, Application, Geographical Distribution, Recent Developments, and Key Players Robotics Division Sales Analysis - Forecast to 2027 " report has been added to ResearchAndMarkets.com's offering.
The global industrial robotics market was valued at around US$ 16.5 Billion in 2022 and is expected to reach around US$ 20 Billion by 2027.
The demand for industrial robotics is anticipated to grow exponentially during the forecast period driven by advantages such as cost reduction, improved quality, increased production, and improved workplace health and safety. The adoption of automation to ensure quality production and meet market demand, and the growing demand from SMEs in developing countries is fueling the growth of industrial robotics market globally. However, the high initial investment and maintenance cost of industrial robots, coupled with integration costs and the cost of peripherals, such as end effectors and vision systems, makes automation a costly investment for SMEs.
Recent Developments
- In March 2023, LG Uplus announced a partnership by signing an MoU with Bigwave Robotics (South Korea), a leading operator of robot automation platforms, to strengthen its robot business.
- ABB Robotics announced supporting Renault Group by providing state-of-the-art robotics technology to help automate the electric vehicle (EV) manufacturer's production network across several key markets.
- In October 2022, ABB launched its smallest-ever industrial robot, offering unique possibilities for faster, more flexible, and high-quality production of wearable intelligent gadgets.
- In June 2022, Epson introduced the GX Series SCARA Robots to deliver next-level performance and flexibility.
Industrial Robotics Segment Market - Key Takeaway
- The electronics industry surpassed the automotive industry in terms of annual robot installations in 2020 and held the largest market for industrial robotics in 2022.
- In the automotive industry, the growing adoption of electric vehicles (EVs) and the need for EV charging infrastructure is boosting the demand for robotics. Recently, ABB Robotics announced supporting Renault Group by providing state-of-the-art robotics technology to help automate the electric vehicle (EV) manufacturer's production network across several key markets.
- Metal industry, the third largest market for industrial robotics, has witnessed an accelerated growth of industrial robotics adoption in recent years.
- Chemical, rubber, and plastics industry accounted for approx. 5% share of the industrial robotics market in 2022, followed by the food industry segment.
Industrial Robotics Application Market - Key Takeaway
- Handling is the most important application of industrial robots, as it can automate some of the most tedious, dull, and unsafe tasks in a production line and is one of the easiest ways to add automation.
- Assembly robots are used for lean industrial processes and can dramatically increase production speed and consistency.
- It is projected that the share of industrial robots for welding application will increase considerably during the forecast period, as utilization of industrial robots for welding is economical, and the welds are of an excellent quality.
- The leading cleanroom robot manufacturers such as, ABB, Yaskawa Electric Corp, and Kawasaki Heavy Industries are focusing their investments on technologically advanced, cost effective, and more secure products and solutions for various applications.
Industrial Robotics Regional Market - Key Takeaway
- Asia/Australia is the world's largest and strongest growth market for industrial robots. In Asia, China has significantly expanded its leading position as the biggest market for industrial robots.
- Europe is the second largest market for industrial robots, followed by Americas at the third position.
- Robot installation counts in Germany, the largest European market and the only European one in the global top five, rose 2% in 2022.
- The United States is the largest American market and accounted for 67% of the robot installations in the Americas in 2022.
The report titled "Global Industrial Robotics Market and Volume by Segment (Automotive Industry, Electrical/Electronics, Metal, Chemical, Rubber and Plastics, Food, Others, Unspecified), Application (Handling, Welding, Assembling, Cleanroom, Dispensing, Processing, others/Unspecified), Geographical Distribution, Recent Developments, and Key Players Robotics Division Sales Analysis - Forecast to 2027" provides a comprehensive assessment of the Industrial Robotics Market.
Global Industrial Robotics Market and Volume Forecast - Segments Covered
1. Automotive Industry
2. Electrical/Electronics Industry
3. Metal Industry
4. Chemical, Rubber and Plastics Industry
5. Food Industry
6. Others Industry
7. Unspecified Industry
Global Industrial Robotics Volume and Forecast - Applications Covered
- Handling
- Welding
- Assembling
- Cleanroom
- Dispensing
- Processing
- All others/Unspecified Application
Industrial Robotics Volume and Forecast - Region and Country Wise Distribution
1. Americas
- United States
- Canada
- Brazil
- Mexico
- Rest of South America
2. Asia/Australia
- China
- India
- Japan
- Republic of Korea
- Taiwan
- Thailand
- Vietnam
- Other Asia/Australia
3. Europe
- Central/Eastern Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Other Europe
4. Africa
5. Rest of the World (ROW)
Global Robotics Market - Key Players Robotics Division Sales and SWOT Analysis
1. KUKA AG
2. Adept Technology (Acquired by OMRON)
3. iRobot Corporation
4. Intuitive Surgical
5. Nachi-Fujikoshi
6. Yaskawa Electric Corporation
7. ABB
8. FANUC Corporation
9. DAIHEN Corporation
10. Mitsubishi Electric Corporation
11. DENSO Corporation
12. Seiko Epson Corporation
Key Topics Covered:
1. Executive Summary
2. Global Industrial Robotics Market and Volume Analysis (2012 - 2027)
3. Global Industrial Robotics Market Share and Forecast
4. Global Industrial Robotics Market and Volume Forecast - By Segment (2012 - 2027)
5. Global Industrial Robotics Volume and Forecast - By Application (2015 - 2027)
6. Global Industrial Robotics Volume and Forecast - By Region and Country Wise Distribution (2012 - 2027)
7. Key Player Analysis (2010 - 2027)
8. Global Robotics Market - Recent Developments
9. Global Robotics Market - Growth Drivers
9.1 Increased Spending on R&D and Robotic Process Automation
9.2 Technology Trends Shaping the Future of Robotics
9.3 Increased Investment Across Industries Drives the Market for Robotics Solution
9.4 Opportunities in Industry 4.0 and Emergence of Industry 5.0
9.5 Rising Labor Costs amidst the Aging Workforce will Boost the Robots Demand
9.6 Rising Demand for Collaborative Robots Across Industries
10. Global Robotics Market - Challenges
10.1 The High Cost of Robots and Delayed Return on Investment Restricts Market Growth
10.2 Limited Flexibility of Robots for Handling SKUs Pose Challenge for Robotics
10.3 Safety Concerns Related to Industrial Robotics Systems
10.4 Privacy and Security
Companies Mentioned
- KUKA AG
- Adept Technology (Acquired by OMRON)
- iRobot Corporation
- Intuitive Surgical
- Nachi-Fujikoshi
- Yaskawa Electric Corporation
- ABB
- FANUC Corporation
- DAIHEN Corporation
- Mitsubishi Electric Corporation
- DENSO Corporation
- Seiko Epson Corporation
For more information about this report visit https://www.researchandmarkets.com/r/w0uahi
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