Industrial Robotics Market

Industrial Robotics Market Size

             2020                         2024-2032      

Report	Details
Market Size Value	USD 18.6 billion in 2024
Market Size Value	USD 43.6 billion by 2032
CAGR	18.3%
Forecast Period	2024-2032
Base Year	2023
Historic Data	2020
Segments Covered	By Robot Type, Payload, Component, Application, End-Use Industry and Region
Geographics Covered	North America, Latin America, Europe, Asia-Pacific, Middle East & Africa

Major players Industrial Robotics Market include: Mitsubishi Electric (Japan),Omron Adept Technologies, Inc., (US), Yaskawa Electric Corporation (Japan), ABB (Switzerland), KUKA AG (Germany), Kawasaki Heavy Industries (Japan), Denso Corporation (Japan), Nachi-Fujikoshi (Japan), Seiko Epson Corporation (Japan), Dürr Group (Germany), Yamaha Motor Pvt. Ltd (Japan), Shibaura Machine Co., Ltd. (Japan), Dover Corporation (US), Hirata Corporation (Japan),  Rethink Robotics GmbH (Germany), Franka Emika (Germany), Techman Robot Inc., (Taiwan), Universal Robots (Denmark), Stäubli (Switzerland), Comau (Italy), b+m Surface Systems (Germany), ICR Services (US), IRS Robotics (Netherlands), Siasun Robotics (China), RobotWorx (US), FANUC CORPORATION (Japan), Hyundai Robotics (South Korea), Bosch Rexroth AG (Germany), Estun Automation (China), Aurotek Corporation (Taiwan), & others.

Collaborative Robots Dominating the Global Industrial Robotics Market with Human-Centric Automation

The collaborative robots Segment holds the major market share, primarily due to their ability to work alongside humans in shared workspaces. These robots are specifically designed for cooperation and find application in diverse tasks such as packaging, pick-and-place, screw driving, assembly, lab testing, and quality inspection, enabling efficient automation of these processes. An advantage of collaborative robots is that they can be taught by operators instead of requiring complex programming.

Moreover, their capability to handle repetitive tasks quickly translates to improved manufacturing productivity and enhanced workplace safety for businesses. As a result, the demand for collaborative robots is on a constant rise across various industrial sectors, including retail, healthcare, and automotive manufacturing. The combination of their multiple advantages and diverse applications contributes significantly to the continuous growth of this segment.

The Automotive Segment Holds the largest market share during the forecast period.

The automotive industry holds the largest market share during the forecast period. The automotive industry is a key player in the adoption of industrial robots. Major manufacturers like BMW AG, Nissan, and Bajaj Auto have embraced collaborative robots, replacing traditional industrial robots for tasks such as material handling and dispensing.

The Gestamp factory in Bielefeld, where KUKA's completely autonomous arc welding equipment provides the finest quality in the production of metal vehicle components, is a perfect illustration of this trend. KUKA, a global pioneer in robotics solutions, provides a broad variety of 18 automotive-specific robots. These robots are capable of performing various tasks, including laser welding, washing, and even producing BMW vehicle seat components using 3D geometry. Such advancements and implementations in the automotive sector are driving the growth of this segment.

Asia-Pacific dominated the regional market during the forecast period.

The Asia-Pacific region has dominated the global industrial robotics market during the forecast period, with the increasing labor costs that push manufacturers to adopt automation and maintain cost advantages. Furthermore, the region's attractiveness is bolstered by its low production costs, availability of skilled labor, moderate emissions, safety regulations, and government initiatives promoting foreign direct investment (FDI). These factors collectively contribute to the accelerated growth of the industrial robotics market in the APAC region.

Leading players in Asia-Pacific are at the forefront of industrial robot adoption, further fuelling the region's growth. The automotive and manufacturing industries, particularly in China and India, are experiencing significant expansion, driving the demand for industrial robotics in this region.

The Industrial Robotics Market research report provides an in-depth overview of the industry including market segmentation By Robot Type, Payload, Component, Application, End-Use Industry and Region. Analysis of the global market with special focus on high growth application in each vertical and fast-growing market segments. It includes detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top players rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as new product launch, collaborations, expansions, investment analysis, mergers and acquisitions.

Industrial Robotics Market is segmented by region and further by countries, By Robot Type, Payload, Component, Application, and End-Use Industry. Players, stakeholders, and other participants in the global Industrial Robotics Market will be able to gain a strong position as this report will surely benefit their marketing strategies. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue forecast for the period 2023-2030.

Report further studies the market strategies of key players, recent development status, future plans and Industrial Robotics Market trends across the world. Also, it splits Industrial Robotics Market Segmentation By Robot Type, Payload, Component, Application, End-Use Industry and Region to deep dive research and reveals company profile and prospects.

Major Classifications are as follows:

• Industrial Robotics Market, By Robot Type
  • Articulated
  • SCARA
  • Cylindrical
  • Cartesian/Linear
  • Parallel
  • Others
• Industrial Robotics Market, By Payload
  • Up to 16.00 KG
  • 16.01- 60.00 KG
  • 60.01- 225.00 KG
  • More than 225.00 KG
• Industrial Robotics Market, By Component
  • Robot Arms
  • Robot Accessories
  • Additional Hardware
  • System Engineering
  • Software & Programming
• Industrial Robotics Market, By Application
  • Pick & Place
  • Material Handling
  • Assembling
  • Handling
  • Assembling & Disassembling
  • Welding & Soldering
  • Dispensing
  • Cutting & Processing
  • Others
• Industrial Robotics Market, By End-Use Industry
  • Automotive
  • Electrical & Electronics
  • Metals & Machinery
  • Plastic, Rubber & Chemicals
  • Food & Beverages
  • Precision Engineering & Optics
  • Pharmaceuticals & Cosmetics
  • Others
• Industrial Robotics Market, By Geography
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Rest of World
    • Middle East
      • UAE
      • Saudi Arabia
      • Israel
      • Rest of the Middle East
    • Africa
      • South Africa
      • Rest of Middle East & Africa

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• Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
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• Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Industrial Robotics Market providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.