The global industrial robotics market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to growing emphasis on improvement in productivity of high-volume production lines.
Industrial robots are a type of system used in manufacturing industries. These are programmable, automated, and capable of movement on three or more axis. Furthermore, it is defined as a programmable, mechanical device that performs risky or repetitive activities with a high degree of accuracy on behalf of a person. They are developed for a variety of applications in the industrial industry, including welding, palletizing, painting, assembling, packing & labelling, pick & place for printed circuit boards, product inspection, and testing.
The impact of COVID-19 pandemic has been positive on the industrial robotics market due to less human interaction activities. This eliminates the need for individual presence and allows the assembly line to work efficiently, reducing personnel risk.
The report on the global industrial robotics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Industrial Robotics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Applications (Chemical, Rubber, & Plastics, Food, Metal/Heavy Machinery, Automotive, Electrical/Electronics, and Others) |
Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Mitsubishi Electric Corp.; Panasonic Corp.; YRG, Inc.; ABB Ltd.; Toshiba Machine Pvt. Ltd.; Omron Adept Technologies, Inc.; FANUC Robotics; EPSON Electronics; KUKA Robotics Corp.; and DENSO Corp. |
Based on applications, the global industrial robotics market is divided into chemical, rubber, & plastics, food, metal/heavy machinery, automotive, electrical/electronics, and others. The automotive segment is expected to grow at a rapid pace during the forecast period owing to job efficiency, safety, and cost-effectiveness. However, the food segment is anticipated to hold a key share of the market in the coming years attributed to the surging demand for fast food and packaged food.
In terms of regions, the global industrial robotics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period owing to the concentration on encouragement in domestic manufacturing with the help of automation in the region.
The global industrial robotics market has been segmented on the basis of
Key players competing in the global industrial robotics market are Mitsubishi Electric Corp.; Panasonic Corp.; YRG, Inc.; ABB Ltd.; Toshiba Machine Pvt. Ltd.; Omron Adept Technologies, Inc.; FANUC Robotics; EPSON Electronics; KUKA Robotics Corp.; and DENSO Corp. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.
The global industrial robotics market has been segmented on the basis of
Key players competing in the global industrial robotics market are Mitsubishi Electric Corp.; Panasonic Corp.; YRG, Inc.; ABB Ltd.; Toshiba Machine Pvt. Ltd.; Omron Adept Technologies, Inc.; FANUC Robotics; EPSON Electronics; KUKA Robotics Corp.; and DENSO Corp. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.
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