The global industrial robotics market is estimated to grow at a CAGR of around 10% during the forecast period. The rapid technological innovations and advancements along with the decreasing costs are the primary factors that positively affect the growth of the global industrial robotics industry. Whereas, increasing manufacturing requirements are fueling the need for adoption automation, which in turn increases the demand for industrial robotics. In addition, the rising penetration of collaborative robots in various industries tends to expand the global industrial robotics market size.

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The increase in demand for automation and rapid growth in industrialization requires the industrial robots. There is an increasing adoption of industrial robots in various applications such as automotive, manufacturing, construction, and food & beverages industries for automating processes, which in turn leads to more efficiency, reduced human errors, and increased safety of the workforce that fuels the demand for the industrial robots. Also, the industrial robots provide high-quality products and services, increase the capabilities of manual labor in terms of efficiency, provide better customer services, and efficiently manage processes.

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The lack of a skilled workforce and high labor costs fosters the implementation of industrial robotics in various end-user industries in developed and developing countries. Although the initial and installation cost of implementing a robot is higher, nevertheless once implemented it delivers high productivity, efficiency, and profits. Many players have implemented industrial robotics solutions to reduce their labor costs and improve efficiency.

Global Industrial Robotics Market – Segmentation

By Type

Traditional Robots
Collaborative Robots

By End-User Industry

Automotive
Chemical, Rubber, and Plastic
Electrical &Electronics
Food &Beverages
Metal & Heavy Machinery
Others

Global Industrial Robotics Market – Segment by Region

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

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