Industrial Robotics Market by Type (Articulated, SCARA, Cylindrical, Cartesian/Linear, Parallel, Others); by Application (Pick and Place, Welding & Soldering, Material Handling, Assembling, Cutting & Processing, Others); by Payload (Up to 16 kg, 16 to 60 kg, 60 to 225 kg, more than 225 kg); by Industry Vertical (Automotive, Electrical & Electronics, Healthcare & Pharmaceutical, Food & Beverages, Rubber & Plastic, Metals & Machinery, Others); and by Region (North America, Europe, Asia Pacific, Latin America, MEA); - Global Forecasts 2021 to 2027

Date : Sep 2021

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Report ID : 776

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Category : Semiconductor & Electronics

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Report Format:  PDF EXCEL PPT WORD

The Global Industrial Robotics Market was valued at USD 15.2 Bn in 2020 and is expected to reach USD 29.9 Bn by 2027, with a growing CAGR of 10.2% during the forecast period.

Global Industrial Robotics Market Overview:

Industrial robots are machines that are used inside manufacturing units for performing numerous industrial processes like welding, painting, packaging and labeling, palletizing¸ product inspection, and testing. They are of various types which include articulated robots, cylindrical robots, SCARA robots, cartesian robots, and others.

Industrial Robotics Market

Global Industrial Robotics Market Dynamics:

An increase in demand for automation and fast growth in industrialization propels the growth of the industrial robotics market. Increased adoption of these robots in automotive, food & beverages, machinery, and precision & optics industries for automating processes, which results in improved efficiency, decreased human errors, and better safety of the workforce, has been observed. Some painting and pick & place capabilities are completed through robot arms, which lessen complexity and possibility of errors. Surveillance & security have stepped forward because of the implementation of drones. Industrial robots deliver exceptional products and services, increase the abilities of manual labor in terms of efficiency, offer higher consumer services, and effectively control processes. Thus, this will increase the demand for the industrial robotics market to a great extent in the coming years.

In addition, the increasing growth in the e-commerce industry is anticipated to drive the industrial robotics market during the forecast period. The growing trend of customers toward online shopping is fueling the e-commerce industry. The distribution centers, retailers, warehouses, and facility owners, are emphasizing incorporated automated robotics solutions. This demand is to gain on-time delivery, reduce labor costs, enhance efficiency, and productivity at every process. This is one of the important factors for industrial robots deployment. For instance, according to secondary sources, in 2020, around 2 bn people purchased goods or services online and e-retail sales surpassed USD 4.2 trillion across the globe.

The Global Industrial Robotics Market Segmentation:

By Type

  • Articulated
  • SCARA
  • Cylindrical
  • Cartesian/Linear
  • Parallel
  • Others

By Application

  • Pick and Place
  • Welding & Soldering
  • Material Handling
  • Assembling
  • Cutting & Processing
  • Others

By Payload

  • Up to 16 kg
  • 16 to 60 kg
  • 60 to 225 kg
  • More than 225 kg

By Industry Vertical

  • Automotive
  • Electrical & Electronics
  • Healthcare & Pharmaceutical
  • Food & Beverages
  • Rubber & Plastic
  • Metals & Machinery
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Company Profiles and Competitive Intelligence:

  • ABB
  • FANUC CORPORATION
  • Yaskawa America, Inc.
  • KUKA AG
  • Mitsubishi Electric Corporation
  • Kawasaki Heavy Industries, Ltd.
  • DENSO CORPORATION
  • NACHI-FUJIKOSHI CORP.
  • Seiko Epson Corporation
  • Universal Robots
  • Stäubli International AG
  • COMAU
  • b+m surface systems GmbH
  • ICR Services
  • RobotWorx
  • TECHMAN ROBOT INC.
  • Franka Emika GmbH
  • F&P Robotics AG
  • Bosch Rexroth AG

Based on the type, the articulated segment in the industrial robotics market is expected to hold the largest market share during the forecast period because it is broadly used in the automotive industry

Based on the type, the industrial robotics market has been segmented into articulated, scara, cylindrical, cartesian/linear, parallel, others. The articulated segment in the industrial robotics market is expected to hold the largest market share during the forecast period owing to the widely used articulated robots in the automotive industry. Articulated robots in the automotive industry includes variety of tasks such as handling, assembling, and disassembling, welding, dispensing (gluing and painting), and processing (cutting and polishing) as well as spot welding and painting. However, the pharmaceutical & cosmetic industries are witnessing an increasing demand for the adoption of articulated robots mainly in the present scenario, in which COVID-19 cases across the globe have led to an growing demand for checking out and manufacturing in which articulated robots can be deployed to obtain seamless automation throughout manufacturing processes in the pharmaceutical sector.

Based on payload, the 16 to 60 kg segment in the industrial robotics market show the highest growth rate during the forecast period due to the increasing demand for automation in the electrical and electronics industry

Based on payload, the global industrial robotics market has been segmented into up to 16 kg, 16 to 60 kg, 60 to 225 kg, More than 225 kg. The 16 to 60 kg segment in the industrial robotics market show the highest growth rate during the forecast period. The growth in this segment is attributed to the increasing demand for automation in the electrical and electronics industry. This payload included articulated, SCARA, parallel, and collaborative robots.

Based on region, North America to hold the significant market share in the industrial robotics market during the forecast period due to the leading innovators and pioneers in the adoption of robotics

Based on region, the global industrial robotics market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is predicted to hold a significant market share in the industrial robotics market during the forecast period owing to the leading innovators and pioneers in the adoption of robotics. Robots used in the region is expected to show constant growth, which is helping the US companies more competitive and leading to new job growth. Further, as per Robotic Industries Association (RIA), the most significant driver of the year-to-date increase of industrial robots turned around 83% growth in units that bought through automobile OEMs for process automation. Moreover, according to MIT, automotive manufacturing is accounted for a significant portion of the industrial robotics demand in the United States. Thus, proliferating the growth of the industrial robotics market in the region.

The report also provides an in-depth analysis of industrial robotics market dynamics such as drivers, restraints, opportunities, and challenges:

Drivers

  • Increasing initiatives by governments and public-private companies to mitigate COVID-19 impact
  • Rapid growth in healthcare and automotive application
  • Growing demand for collaborative robots or cobots
  • The advent of industry 4.0

Restraints

  • High cost of deployment

Opportunities

  • Increasing automation in the electronics industry

Challenges

  • Interoperability and integration issues with industrial robots

COVID-19 Impact on the Industrial Robotics Market Analysis:

The COVID-19 pandemic has impacted various industries such as automotive, oil & gas, retail, and others. This is attributed to the strict lockdown imposed by the government to limit the spread of the COVID-19 pandemic. The industrial robotics market has also confronted a halt. Many of the customers had been not prepared to make investments in this services for diverse reasons. The COVID-19 has brought material shortage, labor shortage, health safety challenges, and other associated challenges. Therefore, the manufacturers are making plans to raise the increased customers’ demands for the robotics provider using cutting-edge technology to enhance the global sales generation. The pandemic outbreak has slowed down the global industrial robotics market economic growth, however, the key players have adopted appropriate measures to restore the situation for higher quality outcomes. This is expected to recover industrial robotics market in the coming years.

A detailed analysis specific to the industrial robotics market will be provided in the report.

The report also provides an in-depth analysis of key trends in the industrial robotics market:

  • The increasing adoption of Industrial Internet of Things (IIoT) technology
  • The emergence of collaborative robots or cobots

The report also provides an in-depth analysis of recent news developments and investments:

  • In October 2020, ABB introduced the acquisition of Codian Robotics, the leading company of delta robots used commonly for high-precision pick and place applications. Codian Robotics providing consists of a hygienic design line, ideal for hygiene-sensitive industries which include meals and beverages, and pharmaceuticals. With the acquisition, ABB is predicted to grow its delta robotic offerings.
  • In September 2020, KUKA launched its new SCARA robots under the KR SCARA line-up that excel in applications like small components assembly, materials handling, and inspection responsibilities with a payload of 6 kg. The robots might be particularly presented to cost-sensitive markets.

The unique insights provided by this report also include the following:

  • In-depth Value Chain Analysis
  • Opportunity Mapping
  • Sector Snapshot
  • Key Players Positioning Matrix
  • Regulatory Scenario
  • Strategies Adopted-benchmarking Heat Map
  • Market Trends
  • Covid-19 Impact Analysis
  • Product Comparison
  • Pre & Post COVID-19 Impact on the Industrial Robotics Market
  • Competitive Landscape

Frequently Asked Questions (FAQs)

What is the market size of the global industrial robotics market?

The global industrial robotics market is anticipated to reach USD 29.9 Billion by 2027.

What is the estimated market growth rate of the industrial robotics industry?

The industrial robotics market is estimated to grow at a compound annual growth rate (CAGR) of 10.2% during the forecast period.

What is the share of North America in the industrial robotics industry?

North America is projected to hold a significant market share in the industrial robotics market during the forecast period.

Who are the key players in the industrial robotics industry?

A few key players include, but are not limited to ABB, FANUC CORPORATION, Yaskawa America, Inc., KUKA AG, Mitsubishi Electric Corporation, Kawasaki Heavy Industries, Ltd., DENSO CORPORATION, NACHI-FUJIKOSHI CORP., Seiko Epson Corporation, and Universal Robots.

What are the restraints for the industrial robotics industry?

The high cost of deployment is the major restraining factor that hampers the growth of the market.

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Table of Contents Industrial Robotics Market:

Market Introduction

  • Definition
  • Scope Of The Study
  • List Of Assumptions
  • Market Structure
  • Scope of the Study: Segmentation 
  • Timeframe, Currency and Limitations

Research Methodology

  • 3P Research Approach
  • Market Sizing Approach
  • Data Sources
  • Primary Research Coverage

Executive Summary

  • Market Summary
  • Market Snapshot
  • Regional Snapshot
  • Country Snapshot

Premium Insights

  • Key Trend Analysis
  • New revenue Pockets
  • Pain Point Analysis
  • Company Market Share Analysis, by Region
  • Strategies Adopted-Benchmarking Heat Map
  • Regulatory Landscape
  • PESTEL Analysis
  • Regional Lifecycle
  • Competitive Benchmarking

Market Overview & Competitive Landscape

  • Competitive Landscape
  • Investment Scenario by key Players
  • Key Player Overview
  • Product comparison
  • Player Wise Geographic Presence
  • Player Wise Target Customer Segment
  • Recent News
    • Product Launches & upgrades
    • R&D / Innovation
    • Merger & Acquisition
    • JV & Partnership
    • Recognition and others

Market Segmentation (Market Size and Share Analysis)

  • Global Market Size & Historic Growth
  • Market Size by Type
    • Articulated
    • SCARA
    • Cylindrical
    • Cartesian/Linear
    • Parallel
    • Others
  • Market Size by Application
    • Pick and Place
    • Welding & Soldering
    • Material Handling
    • Assembling
    • Cutting & Processing
    • Others
  • Market Size by Payload
    • Up to 16 kg
    • 16 to 60 kg
    • 60 to 225 kg
    • More than 225 kg
  • Market Size by Industry Vertical
    • Automotive
    • Electrical & Electronics
    • Healthcare & Pharmaceutical
    • Food & Beverages
    • Rubber & Plastic
    • Metals & Machinery
    • Others

Market Dynamics

  • Market Drivers
  • Opportunities
  • Value Chain Analysis
  • Pricing Analysis

COVID – 19 Opportunity Mapping

  • Key Drivers & Anticipated Revival Period
  • Key Trends Analysis
  • Impact on End user Industry
  • Opportunity Analysis

Regional Market Analysis

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • APAC
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • GCC
    • Rest of MEA

Company Profiles

  • ABB
    • Company Fundamentals
    • Financial Analysis (Subject to Availability)
    • Product Portfolio
    • SWOT Analysis
  • FANUC CORPORATION
  • Yaskawa America, Inc.
  • KUKA AG
  • Mitsubishi Electric Corporation
  • Kawasaki Heavy Industries, Ltd.
  • DENSO CORPORATION
  • NACHI-FUJIKOSHI CORP.
  • Seiko Epson Corporation
  • Universal Robots
  • Stäubli International AG
  • COMAU
  • b+m surface systems GmbH
  • ICR Services
  • RobotWorx
  • TECHMAN ROBOT INC.
  • Franka Emika GmbH
  • F&P Robotics AG
  • Bosch Rexroth AG

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