Beyond Assembly Lines: Market Dynamics and Future Outlook for Industrial Robotics (2023-2029)


Posted September 27, 2023 by aishwaryammr

Industrial Robotics Market was valued at USD 47.33 Billion in 2022, and is expected to reach USD 103.34 Billion by 2029, exhibiting a CAGR of 11.8 % during the forecast period (2023-2029)

 
Industrial Robotics Market Overview:

The primary goal of this research is to assist the user in understanding the Industrial Robotics Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Industrial Robotics industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.

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Industrial Robotics Market Scope:

The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.

Industrial Robotics Market Segmentation:

According to type, industrial robots can be classified as articulated, Cartesian, SCARA, cylindrical, and other varieties. Due to technological advancements that have enhanced its versatility to execute a variety of activities and payload capabilities, the articulated robots category is anticipated to hold the largest industrial robotics market share over the projection period. The three rotary joints that make up an articulated robot's base give it movements that are comparable to those of the human hand. It can be fixed or mobile depending on the situation.

These robots can move around in a sphere of space. These robots are very useful for picking and assembling tasks in the manufacturing sector. In addition to other uses, an articulated robot can be used for welding, material handling, and dispensing. These robots can improve warehouse efficiency.

The industrial robotics market is divided based on function into milling, cutting, and processing; material handling; assembling and disassembling; painting and dispensing; and others. In terms of revenue, the industrial robots market's material handling function is the largest. Due to the rising demand for industrial robots that perform the task of material handling, it now makes for more than one-third of the global industrial robotics market and is anticipated to continue being the largest sector over the projected period.

The industrial robots market is divided into automotive, electrical & electronics, chemical, rubber & plastics, machinery, metals, food & beverages, precision & optics, and others based on end-use industry. The global market for industrial robots is dominated by the automobile industry. It currently represents 43.9% of the global market for industrial robotics. The market is anticipated to increase at a CAGR of 8.9% over the projection period, but at a modest rate due to the slowdown in the automobile industry.

The demand for industrial robots in the automotive industry is driven by the loading and unloading of large goods, handling with precision, and rapid assembling-disassembling. Companies and organizations involved in the design, development, production, marketing, and sale of automobiles are considered to be part of the automotive industry.

1. Global Industrial Robotics Market Size, by Type (2023-2029)
• Articulated
• Cartesian
• SCARA
• Cylindrical
• Others
2. Global Industrial Robotics Market Size, by Function (2023-2029)
• Automotive
• Electrical & Electronics
• Chemical, Rubber & Plastics
• Machinery
• Metals
• Food & Beverages
• Precision & Optics
• Others
3. Global Industrial Robotics Market Size, by End-Use Industry (2023-2029)
• Soldering & Welding
• Materials Handling
• Assembling & Disassembling
• Painting & Dispensing
• Milling, Cutting, & Processing
• Others

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Industrial Robotics Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Industrial Robotics market are

1. Daihen Corporation
2. Denso Corporation
3. Epson America, Inc.
4. Fanuc Ltd.
5. Kawasaki Heavy Industries Ltd.
6. KUKA Robotics Corporation
7. Mitsubishi Electric Corporation
8. Nachi Robotic Systems, Inc.
9. Panasonic Corporation
10. Universal Robotics
11. Yaskawa Electric Corporation
12. ABB Ltd.
13. Robofusion
14. Kobelco Paint Robot
15. Kobe Steel Limited

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Regional Analysis:

The report focuses on Global Regions and Market Size of Industrial Robotics, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.

COVID-19 Impact Analysis on Industrial Robotics Market:

The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Industrial Robotics industry in 2021.

Key Questions Answered in the Industrial Robotics Market Report are:


What is the function of Industrial Robotics?
What is the predicted revenue generation of the Industrial Robotics market?
At what growth rate is the Industrial Robotics market evolving?
Who are the major market giants operating in the Industrial Robotics market?
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Issued By Aishwarya
Phone  +91 9607365656
Business Address MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT Park Phase 2,
Pune Bangalore Highway, Narhe, Pune, Maharashtra 411041, India.
Country India
Categories Science
Tags industrial robotics market , industrial robotics market share , industrial robotics market ttrends
Last Updated September 27, 2023