Industrial Robots Market: Key Trends, Growth Projections, and Market Share by 2024

The Industrial Robots Market sector is undergoing significant transformation, with substantial growth and technological advancements expected by 2032. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as market size, share, and emerging trends.

This comprehensive report provides key insights into the Industrial Robots Market, exploring critical market segmentation and definitions. It highlights the essential components driving growth, offering a clear picture of the industry’s trajectory. Utilizing SWOT and PESTEL analyses, the report evaluates the market’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors that impact the market landscape.

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Market Summary:

The global industrial robots market size was valued at USD 16.78 billion in 2022 and is projected to grow from USD 18.19 billion in 2023 to USD 41.02 billion by 2030, exhibiting a CAGR of 12.3% during the forecast period. Asia Pacific dominated the industrial robots market with a market share of 48.98% in 2022.

Recent industry developments are;

• Compau SpA introduced a new Racer-5 SE industrial robot. It is used in vital industries such as pharmaceutical, health & beauty, food & beverages industry, and electronics sectors. It improves the production capacity, the productivity of operations, and good quality.
• ABB introduced a new FlexPicker IRB 365 delta robot specifically designed for packing and picking applications with a capacity of 1.5 KG. These type of robots are used in packaging lightweight products such as peppers, candies, small bottles, and chocolates.
• Mitsubishi Electric Corporation introduced an artificial intelligence (AI)-enabled industrial robots for food processing, and manufacturing sectors. It is used for improving the productivity of manufacturing operations. Additionally, these new systems are largely adopted in manufacturing sectors, and it reduces the timeline by the range of 5 hours to 60 hours.
• Nachi-Fujikoshi Corp launched a new series of small cooperative robot named as “EZ” small robot. It is specifically designed for industries such as electronic, electrical, automotive, and general industrial machinery. It has features such as smart cable routing, having load capacity of 6 KGs, high speed, long durability, and highly precise operations.
• FANUC introduced the newest collaborative robot, the CRX 10-iA. The new robot can perform highly functional tasks under a flip motion to perform repetitive tasks.
• FANUC and BMW AG signed a framework agreement wherein FANUC will supply 3,500 robots for new production lines and plants. These robots will be deployed in developing the existing and future generations of BMW models.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 100+ Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Major Players:

ABB (Switzerland), YASKAWA ELECTRIC CORPORATION (Japan), Mitsubishi Electric Corporation (Japan), NACHI-FUJIKOSHI CORP. (Japan), Comau SpA (Italy), KUKA AG (Germany), FANUC CORPORATION (Japan), DENSO CORPORATION (Japan), Kawasaki Heavy Industries, Ltd. (Japan), Omron Corporation (Japan)

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Industrial Robots Market Segmentation:

By Robot Type

• Articulated
• SCARA
• Cylindrical
• Cartesian/Linear
• Parallel
• Others (Collaborative, etc.)

By Application

• Pick & Place
• Welding & Soldering
• Material Handling
• Assembling
• Cutting & Processing
• Others (Painting, etc.)

By Industry

• Automotive
• Electrical & Electronics
• Healthcare & Pharmaceutical
• Food & Beverages
• Rubber & Plastic
• Metals & Machinery
• Others (Construction, Defense, etc.)

Reasons to purchase this report:

This report offers a detailed analysis of the competitive landscape, emerging growth areas, market conditions, and key trends within the Industrial Robots Market. It helps businesses identify expansion opportunities while addressing potential risks and challenges. By assessing product portfolios and business segments, the report provides valuable insights that guide stakeholders in formulating informed investment and market strategies.

The in-depth understanding of industry dynamics presented in the report supports the creation of effective strategies for success in the Industrial Robots Market, greatly enhancing decision-making. Overall, this report is an essential resource for those looking to stay updated in this rapidly evolving industry.

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Drivers & Restraints:

• Drivers:
  • Increasing demand for automation in manufacturing processes to enhance productivity and reduce operational costs.
  • Technological advancements in robotics, including AI and machine learning, improving the capabilities and versatility of industrial robots.
• Restraints:
  • High initial investment and integration costs associated with deploying industrial robots in existing operations.
  • Concerns about job displacement and the need for skilled workforce training affecting market adoption.

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Industrial Robots Market Regional Segmentation:

• North America (By Robot Type, By Application, By Industry, and By Country)
  • U.S. (By Robot Type)
  • Canada (By Robot Type)
• Europe (By Robot Type, By Application, By Industry, and By Country)
  • Germany (By Robot Type)
  • U.K. (By Robot Type)
  • France (By Robot Type)
  • Italy (By Robot Type)
  • Rest of Europe
• Asia Pacific (By Robot Type, By Application, By Industry, and By Country)
  • China (By Robot Type)
  • Japan (By Robot Type)
  • India (By Robot Type)
  • Southeast Asia (By Robot Type)
  • Rest of Asia Pacific
• Middle East & Africa (By Robot Type, By Application, By Industry, and By Country)
  • GCC (By Robot Type)
  • South Africa (By Robot Type)
  • Rest of the Middle East & Africa
• Latin America (By Robot Type, By Application, By Industry, and By Country)
  • Brazil (By Robot Type)
  • Mexico (By Robot Type)
  • Rest of Latin America

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