What is Industrial Robot Market Scope?
Industrial robots are programmable, mechanical devices utilize in place of a human to perform dangerous or repetitive tasks with a higher accuracy rate. Industrial robots are highly adopted in the healthcare and packaging industry. North America is the leading region that contributes to a larger revenue share in the global industrial robot market. The sales of industrial robot in America is around ~USD3.5 billion. The application of industrial robots is a rising focus on meat processing, fruits & vegetable handling, and other processed foods. Technology advancement is a major trend behind high adoption of robots across various industries such as advancement in artificial intelligence. The Asia Pacific is gaining strong attraction across the globe for the industrial robot market, because of the presence of leading robots installation regions are Japan, China. And Europe is the second-largest market.
Influencing Trend:
Technology Advancement Such As Integration of Vision Systems with Industrial Robots, Strong Penetration Rate of IIoT and AI in Industrial Manufacturing and High Adoption in Food Processing Industry
Market Growth Drivers:
Rising Demand for Collaborative Robots across Various Industry Segments and Lack of Skilled Labor in Manufacturing Industries
Challenges:
Interoperability and Scalability Issues with Industrial Robots
Restraints:
High Cost of Deployment Process, Is Hinder the Adoption by Small & Medium Size Organizations and Growing Concern towards Reduction of Employment Because Of Automation
Opportunities:
Rising Automation in Electronics Industry Majorly In Asia Pacific Regions Such As China, And Japan
The Industrial Robot market study is being classified by Type (SCARA Robots, Vertically Articulated Robots, Cartesian Coordinate Robots, Robots with Special Specifications and Cylindrical Robots), by Application and major geographies with country level break-up.
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies. Analysts at AMA predicts that Players from Global will contribute to the maximum growth of Global Industrial Robot market throughout the predicted period.
FANUC (Japan), KUKA (Germany), ABB (Switzerland), Yaskawa (Japan), Nachi Robotic Systems, Inc. (United States), Kawasaki Robotics (United States), Comau (Italy), EPSON Robots (Japan), Staubli (Switzerland), Omron Adept Technologies (United States), DENSO Robotics (Japan), OTC Daihen (Japan), Panasonic (Japan), Toshiba (Japan), Mitsubishi Electric (Japan) and Yamaha (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Universal Robots (Denmark), Hyundai Robotics (South Korea), Robostar (South Korea), Star Seiki (Japan), CLOOS (Germany), Foxconn (China), Siasun (China) and Anhui EFORT Intelligent Equipment (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Industrial Robot market by Type, Application and Region.
On the basis of geography, the market of Industrial Robot has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In September 2022, Teradyne companies Mobile Industrial Robots (MiR) and AutoGuide Mobile Robots merged to become a single supplier of autonomous mobile robots (AMRs), the integrated company officially became known as Mobile Industrial Robots (MiR).
In November 2022, Yaskawa launches industry’s first adaptive robot MOTOMAN NEXT series. An open platform for automation, aiming to solve social issues with robots.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Industrial Robot Manufacturers, Suppliers and Distributors, Government Regulatory and Research Organizations and End-Use Industries
Industrial Robot Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Industrial Robot Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Industrial Robot industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.