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Industrial Robotics Market, By Type (Articulate, SCARA, Cartesian, Cylindrical, Parallel, Collaborative Robots), Industry (Electrical and Electronics, Plastics, Rubber, and Chemicals, Metals and Machinery, Food and Beverage, Precision and Optics, Pharmaceutical) - Global Market Trends & Industry Forecasts Upto 2023
Type: PDF
Status: Syndicate
Categories: Semi Conductor & Electronics
Report Code : SE23
No. of Pages : 180
The global industrial robotics market was valued at USD 13.5 billion in 2023 and is expected to reach grow at a CAGR of 10% through 2030. However, the market for robotic systems including the cost of software, peripherals and systems engineering accounted for USD 40.5 billion in 2016. The industrial robotics market is segmented on the basis of type includes traditional industrial robots and collaborative robots. The market for traditional industrial robots, excluding the cost of peripherals, software, and system engineering, was valued at USD 13.3 billion in 2023 and the market for collaborative robots accounted for USD 200 million. Higher return on investment (RoI) than that of traditional industrial robots and low price of collaborative robots have been attracting small and medium-sized enterprises to opt for collaborative robots. However, the adoption of automation to ensure quality production and meet the market demand has driving the market for traditional industrial robotics, especially in electrical and electronics, and automotive industries. However, high overall installation cost for low volume production applications is the major restraint for the market growth. Manufacturing of advanced robotic systems that meet the requirement of consumers in the era of industrial Internet of Things (IIoT) has been the major challenge being faced by the industry.
Automotive industry is the major market, accounting for about 35% of the global industrial robots market in 2023. This market is driven by the considerable investments in robotics for new production capacities in the emerging markets and also significant investments in modernization of production facilities in major automotive producing countries. However, demand for industrial robots was boosted by the significant demand from electrical and electronics industry attributed to the need to automate production facilities of electronics products in Asian countries to meet the increasing need for batteries, chips and displays.
The market for industrial robotics has been dominated by the Asia-Pacific region, followed by Europe and North America. Asia-Pacific accounted for two-third of the worldwide market for industrial robotics in 2023 and is expected to continue to be the major market through 2030. In terms of countries, five countries, including China, the Republic of Korea, Japan, the United States, and Germany accounted for three-fourth of the worldwide industrial robotics market in 2023.
The companies are strengthening their market presence by opening new service and repair centers and also by acquiring service providers and widen presence as well as their product portfolio. In November 2022, Universal Robots opened a new repair center to cover North and South America with repair services and enable overnight delivery of spare parts in North America. Epson Robots is expected to showcase T3 All-in-One SCARA robot, “the Flexion N2 6-Axis robot” and demonstrate innovative and highly efficient robotics solutions for the factory automation industry at ATX Wes, 2018. In January 2018, HIT Robot Group (China) formed a joint venture with Golden Jumping Group (South Korea) to expand both companies’ businesses in each other’s countries. These also planned to cooperate with local governments and research and educational institutes of both countries.
Some of the major companies dominating the industrial robotics market include KUKA AG (Germany), ABB Ltd. (Switzerland), FANUC Corporation (Japan), Mitsubishi Electric Corp. (Japan), Kawasaki Heavy Industries Ltd. (Japan), Yaskawa Electric Corporation (Japan), Universal Robots A/S (Denmark), Rethink Robotics (US), and Comau S.p.A (Italy).
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1 Introduction
1.1 Goal & Objective
1.2 Study Scope
1.3 Assumptions and Limitations
1.4 Stakeholders/ Intended Audience
1.5 Research Methodology
2 Executive Summary
3 Market Outlook
3.1 Introduction
3.2 Current & Future Outlook
3.3 DROC
3.3.1 Drivers
3.3.1.1 Ongoing trend toward automation and continued innovative technical improvements
3.3.1.2 Growing demand for collaborative robots from SMEs
3.3.1.3 Continued increase of robot installations in growing Asian markets
3.3.2 Restraints
3.3.2.1 High installation costs
3.3.3 Opportunities
3.3.3.1 Integration of industrial robotics with virtual reality will create new opportunities
3.3.3.2 Combination of collaborative robots with IoT and machine learning
3.3.3.3 Integration of industrial robotics with virtual reality will create new opportunities
3.3.4 Challenges
3.3.4.1 Continuous modernization of production facilities
3.3.4.2 Continuous retooling of production as well as expansion of production capacities
3.4 Value Chain & Ecosystem
4 Demand Market Analysis, by Type
4.1 Traditional Industrial Robot
4.1.1 Market Estimates & Forecasts, 2023-2030
4.1.2 Articulated Robots
4.1.3 SCARA Robots
4.1.4 Cylindrical Robots
4.1.5 Cartesian Robots
4.1.6 Parallel Robots
4.2 Collaborative Robots
4.2.1 Market Estimates & Forecasts, 2023-2030
5 Industrial Robotics Market, By Industry
5.1 Introduction
5.1 Electrical and Electronics
5.1.1 Market Estimates & Forecasts, 2023-2030
5.2 Plastics, Rubber, and Chemicals
Market Estimates & Forecasts, 2023-2030
5.3 Metals and Machinery
Market Estimates & Forecasts, 2023-2030
5.4 Food and Beverage
Market Estimates & Forecasts, 2023-2030
5.5 Precision and Optics
Market Estimates & Forecasts, 2023-2030
5.6 Pharmaceuticals
Market Estimates & Forecasts, 2023-2030
5.7 Others
Market Estimates & Forecasts, 2023-2030
6 Service Robotics Market, By Application
6.1 North America
6.1.1 North America Market Size, By Country 2023-2030
6.1.3 North America Market Size, By By Type 2023-2030
6.1.4 North America Market Size, By By Industry 2023-2030
6.1.4.1 U.S.
6.1.4.1.1 U.S. Market Size, By By Type 2023-2030
6.1.4.1.2 U.S. Market Size, By By Industry 2023-2030
6.1.4.2 Canada
6.1.4.2.1 Canada Market Size, By By Type 2023-2030
6.1.4.2.2 Canada Market Size, By By Industry 2023-2030
6.1.4.3 Mexico
6.1.4.3.1 Mexico Market Size, By By Type 2023-2030
6.1.4.3.2 Mexico Market Size, By By Industry 2023-2030
6.2 Europe
6.2.1 Europe Market Size, By Country 2023-2030
6.2.3 Europe Market Size, By By Type 2023-2030
6.2.4 Europe Market Size, By By Industry 2023-2030
6.2.4.1 Germany
6.2.4.1.1 Germany Market Size, By By Type 2023-2030
6.2.4.1.2 Germany Market Size, By By Industry 2023-2030
6.2.4.2 Italy
6.2.4.2.1 Italy Market Size, By By Type 2023-2030
6.2.4.2.2 Italy Market Size, By By Industry 2023-2030
6.2.4.3 France
6.2.4.3.1 France Market Size, By By Type 2023-2030
6.2.4.3.2 France Market Size, By By Industry 2023-2030
6.2.4.4 UK
6.2.4.4.1 UK Market Size, By By Type 2023-2030
6.2.4.4.2 UK Market Size, By By Industry 2023-2030
6.2.4.5 Spain
6.2.4.5.1 Spain Market Size, By By Type 2023-2030
6.2.4.5.2 Spain Market Size, By By Industry 2023-2030
6.2.4.6 Rest of Europe
6.2.4.6.1 Rest Of Europe Market Size, By By Type 2023-2030
6.2.4.6.2 Rest Of Europe Market Size, By By Industry 2023-2030
6.3 Asia-Pacific
6.3.1 Asia-Pacific Market Size, By Country 2023-2030
6.3.2 Asia-Pacific Market Size, By By Type 2023-2030
6.3.3 Asia-Pacific Market Size, By By Industry 2023-2030
6.3.3.1 China
6.3.3.1.2 China Market Size, By By Type 2023-2030
6.3.3.1.3 China Market Size, By By Industry 2018-20223
6.3.3.2 India
6.3.3.2.1 India Market Size, By By Type 2023-2030
6.3.3.2.2 India Market Size, By By Industry 2023-2030
6.3.3.3 Japan
6.3.3.3.1 Japan Market Size, By By Type 2023-2030
6.3.3.3.2 Japan Market Size, By By Industry 2023-2030
6.3.3.4 Australia
6.3.3.4.1 Australia Market Size, By By Type 2023-2030
6.3.3.4.2 Australia Market Size, By By Industry 2023-2030
6.3.3.5 Rest of APAC
6.3.3.5.1 Rest Of APAC Market Size, By By Type 2023-2030
6.3.3.5.2 Rest of APACMarket Size, By By Industry 2018-20223
6.4 Middle East & Africa
6.4.1 Middle East & Africa Market Size, By By Type 2023-2030
6.4.2 Middle East & Africa Market Size, By By Industry 2023-2030
6.5 South America
6.5.1 South America Market Size, By By Type 2023-2030
6.5.2 South America Market Size, By By Industry 2023-2030
7 Supply Market Analysis
11.1 Strategic Benchmarking
11.2 Market Share Analysis
11.3 Key Players (Company Snapshot, Product Portfolio, Financials, and Strategic Analysis)
11.3.1 Kuka AG
11.3.2 ABB Ltd.
11.3.3 Kawasaki Heavy Industries, Ltd..
11.3.4 FANUC Corporation
11.3.5 Yaskawa Electric Corporation
11.3.6 Universal Robots
11.3.7 Mitsubishi Electric Corporation
11.3.8 Nachi-Fujikoshi Corp.
11.3.9 Denso Corporation
11.3.10 Comau SpA
11.3.11 Omron Adept Technologies, Inc.
11.3.12 DAIHEN Corporation
11.3.13 CMA Robotics S.p.A.
11.3.14 Seiko Epson Corporation
11.3.15 Stäubli International AG
SDMR employs a three way data triangulation approach to arrive at market estimates. We use primary research, secondary research and data triangulation by top down and bottom up approach
Secondary Research:
Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.
Key Data Points through secondary research-
Macro-economic data points
Import Export data
Identification of major market trends across various applications
Primary understanding of the industry for both the regions
Competitors analysis for the production capacities, key production sites, competitive landscape
Key customers
Production Capacity
Pricing Scenario
Cost Margin Analysis
Primary Research:
After collecting the secondary data, our team conducts primary interviews to validate the accuracy of the information. Primary interviews are conducted across entire value chain from raw material suppliers to end users. The primary interview is mainly conducted with the Presidents, CEOs, Vice Presidents, Directors, General Managers, Product Manager, Sales Manager, Marketing Manager, Business Development Manager.
Key Data Points through primary research-
Major factors driving the market and its end application markets
Comparative analysis and customer analysis
Regional presence
Collaborations or tie-ups
Annual Production, and sales
Profit Margins
Average Selling Price
Data Triangulation:
Data triangulation is done using top down and bottom approaches. However, to develop accurate market sizing estimations, both the methodologies are used to accurately arrive at the market size.
Report Code
SE23
Single User
US$ 4999*** Benefits ***
1. 15% Free customization
2. Two Countries can add as per your choice
3. Two Company can add as per your choice
4. 35+ Countries
*** Services ***
1. Quarterly Industry Update for Six Months
2. One personal Research Analyst Allocate to you
3. 24*7 Research Support
4. Query will be resolve with 48 hours
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35+ Countries
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1. Client will get one updated report for a year.
2. Quarterly Industry Update for 1 Year.
3. One research analyst will allocate to you.
4. Query will be resolved within 36 hours.
24*7 Research Support.
Corporate User
US$ 7000*** Benefits ***
1. 25% Free customization
2. Excel Data Sheet
3. Two Countries can add as per your choice
4. Two Company can add as per your choice
5. 35+ Countries
*** Services ***
1. Client will get one updated report for a year.
2. Quarterly Industry Update for 1 Year.
3. One research analyst will allocate to you.
4. Query will be resolved within 36 hours.
5. 24*7 Research Support.
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