Industrial Robotics Market to reach USD 103.34 Billion by 2029


Posted December 19, 2023 by nirankammr

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

MMR published a report on the Industrial Robotics Market. The report is a combination of primary and secondary data, and it has been analyzed by domain experts from both a local and global perspective. The report provides a detailed analysis of the market size and share in each region and segment, making it an invaluable resource for investors.

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Industrial Robotics Market Report Scope and Research Methodology

The report provides an in-depth analysis of the Industrial Robotics market at the global, regional, and country levels. It provides a comprehensive analysis of the competitive landscape of the Industrial Robotics industry, including the business strategies adopted by the key players. The report includes a list of the Industrial Robotics key competitors, along with information on their revenue, production capacity, sales, and global presence. SWOT analysis was used to identify the strengths and weaknesses of the key players in the Industrial Robotics industry. Detailed information on the Industrial Robotics market dynamics, including drivers, restraints, opportunities, and challenges, is also provided in the report.

The bottom-up approach was used to estimate the global and regional Industrial Robotics market size. Both primary and secondary research methods were used to gather data on market size, market share, regional insights, market dynamics, the performance of key players, and historical data of the industry. The report also includes a detailed value chain analysis, which helps to understand the manufacturing process of Industrial Robotics , with information on raw materials, customers, and distributors. It also includes Porter’s and PESTLE analysis, as well as market attractiveness, which helps to understand the Industrial Robotics market at the macro and micro levels.

Industrial Robotics Market Drives

The Companies have started focusing on automation of operational processes to reduce cost, save time, deliver high-quality products, and increase productivity to meet the stiff competition. And the report has analysed and has covered the direct positive impact of top line of the companies, which have implemented industrial robotics solution partially or fully. The report will give the penetration of industrial robotics in each industry by countries covered.

Industrial robots automate the internal processes and reduce workload of employees by working in collaboration with workers for better efficiency. They are used in the manufacturing industry for raw material handling and finished product packing; in factories for spot welding, arc welding, and extracted die castings; and in infrastructure and logistics for project monitoring and reducing human labor. Several companies concentrate on deploying industrial robots for dangerous and hazardous environmental tasks, owing to stringent safety regulations. Escalating need for automation across various industries drives the global industrial robotics market.

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Industrial Robotics Market Regional Insights

Geographically, the report is segmented into several key countries, with market size, growth rate, import and export of Industrial Robotics market in these countries, which covering North America – U.S., Canada, Mexico, Europe – UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific – China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America – Brazil, and Middle East and Africa.

Industrial Robotics Market Segmentation

by Type

1. Articulated
2. Cartesian
3. SCARA
4. Cylindrical
5. Others

by Function

1. Automotive
2. Electrical & Electronics
3. Chemical, Rubber & Plastics
4. Machinery
5. Metals
6. Food & Beverages
7. Precision & Optics
8. Others

by End-Use Industry

1. Soldering & Welding
2. Materials Handling
3. Assembling & Disassembling
4. Painting & Dispensing
5. Milling, Cutting, & Processing
6. Others



Industrial Robotics Market Key Players

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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Key Questions answered in the Industrial Robotics Market Report are:

What is the expected Industrial Robotics market size by 2029?
What will be the CAGR of the Industrial Robotics market during the forecast period?
Which segment held the largest share in the Industrial Robotics market?
How is the competitive scenario of the Industrial Robotics market?
Which are the key factors driving the Industrial Robotics market growth?
What are the factors restraining the Industrial Robotics market growth?
Which region holds the maximum share in the Industrial Robotics market?
Who are the key players in the Industrial Robotics market?
Key Offerings:

A detailed Market Overview
Market Share
Market Size
Market Forecast by Revenue
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation- A detailed analysis of each segment and their segments
Competitive Landscape – Leading key players and other prominent key players.
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Last Updated December 19, 2023