The global Industrial Robots market size was valued at USD 29.4 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 12.3% during the forecast period, reaching a value of USD 88.7 billion by 2030.
Industrial Robots market research report by Future Data Stats, offers a comprehensive view of the market's historical data from 2018 to 2021, capturing trends, growth patterns, and key drivers. It establishes 2022 as the base year, analyzing the market landscape, consumer behavior, competition, and regulations. Additionally, the report presents a well-researched forecast period from 2023 to 2030, leveraging data analysis techniques to project the market's growth trajectory, emerging opportunities, and anticipated challenges.
MARKET OVERVIEW:
Industrial robots are automated machines designed for various manufacturing processes. They perform tasks such as welding, assembly, and packaging, enhancing efficiency and precision in industrial settings. These robots are equipped with advanced sensors and programming, allowing them to adapt to changing production requirements. Their application extends across diverse industries, including automotive, electronics, and pharmaceuticals, where they contribute to increased productivity and reduced human intervention in repetitive and hazardous tasks.
In essence, industrial robots represent a technological leap in the manufacturing landscape. They are integral to streamlining operations, ensuring consistent product quality, and meeting the demands of modern production environments. With their ability to handle intricate tasks with speed and accuracy, industrial robots play a pivotal role in shaping the future of manufacturing, driving innovation, and optimizing overall industrial processes.
MARKET DYNAMICS:
Industries are adopting industrial robots to perform tasks with precision, speed, and consistency, thereby minimizing errors and improving overall production output. Another driver is the rising emphasis on cost reduction, as industrial robots can contribute to operational cost savings by handling repetitive tasks, reducing labor expenses, and mitigating the risk of human errors.
However, the market also faces certain restraints that need consideration. One notable restraint is the high initial investment required for implementing robotic systems. The costs associated with purchasing, installing, and maintaining industrial robots can be substantial, posing a challenge for small and medium-sized enterprises (SMEs) with limited budgets. Additionally, concerns about job displacement and the need for skilled personnel to operate and maintain these advanced systems present challenges to widespread adoption.
INDUSTRIAL ROBOTS MARKET SEGMENTAL ANALYSIS
BY TYPES:
Articulated robots, with their multi-jointed structure resembling a human arm, lead the market in versatility and flexibility. These robots find extensive applications in tasks such as welding, painting, and assembly, contributing significantly to the overall growth of the industrial robots sector.
SCARA robots, known for their Selective Compliance Articulated Robot Arm, represent another essential type in the market. These robots excel in high-speed, precision tasks like pick-and-place operations, making them pivotal in industries requiring rapid and accurate production processes. Cartesian robots, with their three linear joints, are instrumental in applications demanding precise positioning and straightforward movement, such as material handling and packaging.
Delta robots, characterized by a parallel linkage structure, are notable for their high-speed capabilities, making them ideal for tasks like pick-and-place in the food and electronics industries. Parallel robots, with multiple parallel manipulators, contribute to increased efficiency in applications requiring enhanced precision and control, like machining and assembly processes.
BY APPLICATION:
Manufacturing robots stand out as a key player, revolutionizing production processes across industries. These robots are adept at handling a wide array of tasks, from simple pick-and-place operations to intricate assembly processes, contributing to increased efficiency and output in manufacturing facilities.
Welding robots play a pivotal role in the market, offering precise and automated solutions for welding applications. With the ability to operate in hazardous environments and handle repetitive welding tasks, these robots enhance safety, reduce human exposure to risks, and ensure consistent weld quality. Assembly robots, specializing in the precise and efficient assembly of components, are crucial in industries where intricate assembly processes are integral, such as electronics and automotive manufacturing.
Packaging robots contribute significantly to the industrial robots market, streamlining packaging operations with speed and precision. From sorting and labeling to packaging and palletizing, these robots optimize the packaging line, reducing manual labor and ensuring the swift and accurate delivery of products. Material handling robots, designed for the efficient movement and transportation of materials within a facility, enhance logistics and contribute to overall operational efficiency.
BY INDUSTRY:
The automotive industry stands out as a major contributor to the demand for industrial robots. These robots are extensively employed for tasks like welding, painting, and assembly, streamlining production processes and ensuring precision in manufacturing automobiles. As the automotive sector continues to embrace automation, the market for industrial robots experiences a substantial boost.
In the electronics industry, industrial robots play a crucial role in handling delicate and intricate tasks. From circuit board assembly to electronics packaging, robots contribute to the precision and efficiency required in electronic manufacturing processes. Their ability to operate in cleanroom environments makes them indispensable for maintaining high product quality standards, thus solidifying their position as dominant factors in the industrial robots market within the electronics sector.
The food and beverage industry has also witnessed a surge in the adoption of industrial robots. These robots streamline packaging, palletizing, and material handling processes, ensuring compliance with hygiene standards and improving overall production efficiency. In the pharmaceuticals industry, industrial robots are employed in tasks like drug packaging and assembly, where precision and sterile conditions are paramount.
BY END-USER:
SMEs are increasingly recognizing the value of industrial robots in enhancing operational efficiency and competitiveness. These enterprises often leverage robots for tasks such as material handling, packaging, and simple assembly processes. As automation becomes more accessible and cost-effective, SMEs are finding innovative ways to integrate industrial robots into their workflows, contributing to the overall growth of the market.
Large enterprises, with their extensive production capacities and complex manufacturing requirements, heavily influence the industrial robots market. These enterprises often deploy a diverse range of robots for various applications, including welding, assembly, and material handling, to streamline production processes on a large scale. The demand for industrial robots in large enterprises is driven by the need for increased productivity, precision, and cost-effectiveness. As these enterprises continue to invest in cutting-edge technologies, industrial robots play a pivotal role in optimizing their manufacturing operations.
REGIONAL ANALYSIS:
In North America, industries, particularly in the United States, are rapidly integrating industrial robots to enhance manufacturing processes, increase efficiency, and remain competitive on a global scale. The region benefits from a strong technological infrastructure and a focus on innovation, driving the demand for industrial robots across various sectors such as automotive, electronics, and aerospace.
In Europe, the industrial robots market experiences robust growth, fueled by the manufacturing excellence of countries like Germany. European industries are keen on embracing automation to address labor shortages, improve product quality, and ensure cost-effectiveness.
The region witnesses a surge in the deployment of industrial robots, especially in precision-driven industries like healthcare and automotive manufacturing. Meanwhile, the Asia Pacific region leads the global industrial robots market, driven by the rapid industrialization in countries like China, Japan, and South Korea.
COVID-19 IMPACT:
The widespread lockdowns and supply chain disruptions initially led to a slowdown in manufacturing activities, affecting the demand for industrial robots. Many companies deferred or scaled back their investment plans in response to the economic uncertainties caused by the pandemic. However, the crisis also accelerated certain trends, such as the urgency for automation to ensure business continuity and resilience.
As industries adapted to the new normal, there was a renewed focus on the role of industrial robots in mitigating operational challenges. The need for social distancing and reduced human intervention in manufacturing processes drove the increased adoption of robots for tasks like material handling, assembly, and quality control.
INDUSTRY ANALYSIS:
Mergers & Acquisitions
- ABB's acquisition of ASTI Mobile Robotics in 2021 for $130 million. This deal expanded ABB's portfolio of mobile robots, which are used in logistics and warehousing applications.
- Siemens' acquisition of Wandelbots in 2022 for an undisclosed amount. Wandelbots develops software for collaborative robots, which are designed to work safely alongside human workers.
- Fanuc's acquisition of Scala Data in 2022 for $110 million. Scala Data provides software for industrial automation applications, including robot programming and simulation.
New Product Launches
- Universal Robots' launch of the UR20 cobot in 2022. The UR20 is a collaborative robot that is designed for a wider range of applications than previous cobots, thanks to its increased payload capacity and reach.
- Yaskawa Motoman's launch of the HC10DT robot in 2022. The HC10DT is a high-speed, high-precision robot that is designed for applications such as electronics assembly and welding.
- Doosan Robotics' launch of the H2 robot in 2022. The H2 is a humanoid robot that is designed for a variety of applications, including healthcare, logistics, and manufacturing.
KEY MARKET PLAYERS:
- Fanuc Corporation
- Yaskawa Electric Corporation
- ABB Ltd.
- KUKA AG
- Mitsubishi Electric Corporation
- Kawasaki Heavy Industries Ltd.
- Denso Corporation
- Universal Robots
- Epson Robots
- Nachi-Fujikoshi Corp.
- Omron Corporation
- Stäubli International AG
- Rockwell Automation, Inc.
- Comau S.p.A.
- FANUC America Corporation
- Adept Technology, Inc.
- Yamaha Robotics
- Toshiba Machine Co., Ltd.
- Hanwha Corporation
- Aurotek Corporation
- CMA/Flodyne/Hydradyne
- Bastian Solutions, Inc.
- IAI America, Inc.
- YRG, Inc.
- Star Automation, Inc.
Table of Contents
Executive Summary
Introduction
Market Overview
3.1. Definition and Scope
3.2. Industry Evolution
3.3. Key Market Trends
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. Regulatory Overview
Industrial Robots Market Segmentation
4.1. Types of Industrial Robots
4.2. Based on Application
4.3. Industry Segmentation
4.4. End-User Segmentation
4.5. Regional Segmentation
Competitive Landscape
5.1. Key Players Overview
5.2. Market Share Analysis
5.3. Competitive Strategies
Growth Prospects
6.1. Emerging Markets
6.2. Investment Opportunities
6.3. Future Outlook
Case Studies
7.1. Successful Implementations
7.2. Lessons Learned
Conclusion
Appendices
9.1. Methodology
9.2. Research Sources
9.3. List of Abbreviations
About the Author/Contributors
Industrial Robots Market Segmentation
By Types
- Articulated Robots
- SCARA Robots
- Cartesian Robots
- Delta Robots
- Parallel Robots
By Application
- Manufacturing Robots
- Welding Robots
- Assembly Robots
- Packaging Robots
- Material Handling Robots
By Industry
- Automotive Industry
- Electronics Industry
- Food and Beverage Industry
- Pharmaceuticals Industry
- Aerospace Industry
By End-User
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
By Geography:
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
- South America (Brazil, Argentina, Columbia, Rest of South America)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
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RESEARCH METHODOLOGY
With a collective industry experience of about 70 years of analysts and experts, Future Data Stats encompasses the most infallible research methodology for its market intelligence and industry analysis. Not only does the company dig deep into the innermost levels of the market, but also examines the minutest details for its market estimates and forecasts.
This approach helps build a greater market-specific view of size, shape, and industry trends within each industry segment. Various industry trends and real-time developments are factored into identifying key growth factors and the future course of the market. The research proceeds are the results of high-quality data, expert views & analysis, and valuable independent opinions. The research process is designed to deliver a balanced view of the global markets and allows stakeholders to make informed decisions, to attain their highest growth objectives.
Future Data Stats offers its clients exhaustive research and analysis, based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models distill the data & statistics and enhance the accuracy of our recommendations and advice.
With Future Data Stats calibrated research process and 360° data-evaluation methodology, the clients receive:
- Consistent, valuable, robust, and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through a well-audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of the marketplace
With this strong methodology, Future Data Stats ensures that its research and analysis is most reliable and guarantees sound business planning.
The research methodology of the global market involves extensive primary and secondary research. Primary research includes about 24 hours of interviews and discussions with a wide range of stakeholders that include upstream and downstream participants. Primary research typically is a bulk of our research efforts, coherently supported by extensive secondary research. Over 3000 product literature, industry releases, annual reports, and other such documents of key industry participants have been reviewed to obtain a better market understanding and gain enhanced competitive intelligence. In addition, authentic industry journals, trade associations’ releases, and government websites have also been reviewed to generate high-value industry insights.
Primary Research:
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Primary Research
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Desk Research
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Company Analysis
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• Identify key opinion leaders • Questionnaire design • In-depth Interviews • Coverage across the value chain
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• Company Website • Company Annual Reports • Paid Databases • Financial Reports
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• Market Participants • Key Strengths • Product Portfolio • Mapping as per Value Chain • Key focus segment
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Primary research efforts include reaching out to participants through emails, telephonic conversations, referrals, and professional corporate relations with various companies that make way for greater flexibility in reaching out to industry participants and commentators for interviews and discussions.
The aforementioned helps to:
- Validate and improve data quality and strengthen the research proceeds
- Develop a market understanding and expertise
- Supply authentic information about the market size, share, growth, and forecasts
The primary research interview and discussion panels comprise experienced industry personnel.
These participants include, but are not limited to:
- Chief executives and VPs of leading corporations specific to an industry
- Product and sales managers or country heads; channel partners & top-level distributors; banking, investments, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research:
A broad array of industry sources for the secondary research typically includes, but is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for a competitive scenario and shape of the industry
- Patent and regulatory databases to understand technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles, web-casts, and other related releases to evaluate the market
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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PRIMARY SOURCES |
DATA SOURCES |
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• Top executives of end-use industries • C-level executives of the leading Parenteral Nutrition companies • Sales manager and regional sales manager of the Parenteral Nutrition companies • Industry Consultants • Distributors/Suppliers
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• Annual Reports • Presentations • Company Websites • Press Releases • News Articles • Government Agencies’ Publications • Industry Publications • Paid Databases
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Analyst Tools and Models:
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BOTTOM-UP APPROACH |
TOP-DOWN APPROACH |
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· Arriving at · Arriving at · Market Share · Key Market Players |
· Key Market Players · Market Share · Arriving at · Arriving at |
Industrial Robots Market Dynamic Factors
Drivers:
- Industries are increasingly adopting industrial robots to streamline processes and enhance efficiency.
- Continuous innovation in robotics technology is driving the development of more sophisticated and capable industrial robots.
- Industrial robots contribute to cost savings by reducing labor expenses and minimizing errors in manufacturing processes.
Restraints:
- The significant upfront costs associated with acquiring and implementing industrial robots can be a barrier for some businesses.
- The shortage of skilled personnel to operate and maintain industrial robots hinders widespread adoption.
- Compatibility issues and complexities in integrating robots into existing systems pose challenges for companies.
Opportunities:
- Increasing industrialization in developing countries presents opportunities for the growth of the industrial robots market.
- The demand for robots that can be easily customized and adapted to various tasks creates new market opportunities.
- The rising trend of collaborative robots that work alongside humans opens avenues for expanded applications in various industries.
Challenges:
- With increased connectivity, the vulnerability of industrial robots to cyber threats and security breaches is a growing challenge.
- As robots become more integrated into workplaces, ethical concerns regarding job displacement and human-robot interactions arise.
- Adhering to diverse and evolving regulations in different regions poses a challenge for companies operating in the industrial robots market.
Frequently Asked Questions
