The global industrial robotics market is estimated to grow at a CAGR of around 10% during the forecast period. Industrial robots assist in the manufacturing units and perform various industrial procedures such as assembling, processing, welding, labeling, packaging, and many others. There is an increasing demand for industrial robots owing to the increasing adoption of smart factory systems, in which industrial robots play an important role.

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The growing demand for reducing the operational costs in the manufacturing plants is one of the key factors driving the growth of the global industrial robotics market. The decrease in functional cost can be achieved by eliminating raw material wastage, errors in the production workflow, and improvement in operational flexibility. The adoption of robotic solutions in the automotive industry will provide efficient ways to eliminate these operational costs, which in turn will foster the profitability of the OEMs. Thus, providing growth opportunities to the market.

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Global Industrial Robotics Market Segmentation

By Type

Traditional Robots

Articulated Robots

Delta Robots

SCARA Robots

Others

Collaborative Robots

By END-USER Industry

Automotive

Chemical, Rubber and Plastics

Metal & Heavy Machinery

Electrical &Electronics

Food &Beverages

Others

Regional Analysis

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

ABB Ltd.

American Robot Corp.

ARC Specialties Inc.

AUBO Robotics Inc.

Bosch Rexroth AG, aBosch Company

Comau S.p.A

DENSO Robotics

Empire Robotics, Inc.

Energid Technologies Corp.

EPSON Robots, a company of Seiko Epson Corp.

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