Global Industrial Robotics Market Forecast 2024-2032

The global industrial robotics market is set to record a CAGR of 12.4% during the forecast period, 2024-2032. The continuous R&D and investments in robotics, the growing adoption in the F&B, electronics, electrical, and automotive industries, and the emergence of smart factories propel market growth.

MARKET INSIGHTS

The definition of industrial robotics encompasses the robot arm used in a factory environment for manufacturing processes. They are used to perform tasks with high precision. Also, businesses and governments are working towards minimizing carbon footprint by integrating robotic technology with artificial intelligence (AI)-powered applications.

A smart factory is a highly connected and digitalized environment where equipment and machinery can enhance processes through self-optimization and automation. It is a component of Industry 4.0, a new phase in the industrial revolution dependent on machine learning, in-sync data, embedded sensors, automation, and interconnectivity. Also, the adoption of industrial robots can lead to greater flexibility, greater energy efficiency, and higher product quality in smart factories. For instance, the smart factory setup of Infineon in Dresden boasts of intelligently networked production. It has 200 robots aiding employees with a 92% automation level. Such aspects fuel global market growth. However, the costs involved, the lack of a skilled workforce, and the resistance from worker unions hinder the market growth.

REGIONAL INSIGHTS

The global industrial robotics market growth evaluation includes the assessment of Europe, North America, Asia-Pacific, and Rest of World. Asia-Pacific is set to be the leading region with manufacturers shifting to robotic automation to improve output quality and productivity.

COMPETITIVE INSIGHTS

The big market players are acquiring the smaller ones to expand their product portfolio. Such acquisitions result in product differentiation, thereby increasing the competition in the market. SCHUNK GmbH, Nachi Fujikoshi Corporation, Rethink Robotics, Mitsubishi Electric Corporation, Rockwell Automation Inc, etc., are among the key firms in the market.

Our report offerings include:

Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 79098

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
2.5. MAJOR MARKET FINDINGS

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. EMERGENCE OF SMART FACTORIES
- 3.1.2. GROWING ADOPTION OF INDUSTRIAL ROBOTS IN THE FOOD & BEVERAGE, AUTOMOTIVE, ELECTRICAL, AND ELECTRONICS INDUSTRIES
- 3.1.3. CONTINUAL R&D AND INVESTMENTS IN ROBOTICS
3.2. KEY RESTRAINTS
- 3.2.1. COST OF INITIAL PURCHASE AND MAINTENANCE OF ROBOTICS
- 3.2.2. RESISTANCE FROM WORKER UNIONS
- 3.2.3. LACK OF SKILLED WORKFORCE

4. KEY ANALYTICS

4.1. KEY TECHNOLOGY TRENDS
- 4.1.1. INTEGRATING IOT AND AI WITH INDUSTRIAL ROBOTS
- 4.1.2. USE OF AUTONOMOUS MOBILE ROBOTS (AMRS)
- 4.1.3. SHIFTING FOCUS TOWARDS COLLABORATIVE ROBOTS (COBOTS)
4.2. PORTER'S FIVE FORCES ANALYSIS
- 4.2.1. BUYERS POWER
- 4.2.2. SUPPLIERS POWER
- 4.2.3. SUBSTITUTION
- 4.2.4. NEW ENTRANTS
- 4.2.5. INDUSTRY RIVALRY
4.3. MARKET MATURITY ANALYSIS
4.4. GROWTH PROSPECT MAPPING
4.5. MARKET CONCENTRATION ANALYSIS
4.6. KEY BUYING CRITERIA
- 4.6.1. TASK AND APPLICATION
- 4.6.2. EASE OF USE AND PROGRAMMING
- 4.6.3. COST AND ROI

5. MARKET BY ROBOT TYPE

5.1. ARTICULATED ROBOTS
- 5.1.1. MARKET FORECAST REVENUE & FIGURE
- 5.1.2. SEGMENT ANALYSIS
5.2. CARTESIAN ROBOTS
- 5.2.1. MARKET FORECAST REVENUE & FIGURE
- 5.2.2. SEGMENT ANALYSIS
5.3. SCARA ROBOTS
- 5.3.1. MARKET FORECAST REVENUE & FIGURE
- 5.3.2. SEGMENT ANALYSIS
5.4. CYLINDRICAL ROBOTS
- 5.4.1. MARKET FORECAST REVENUE & FIGURE
- 5.4.2. SEGMENT ANALYSIS
5.5. OTHER ROBOT TYPES (DELTA AND POLAR ROBOTS)
- 5.5.1. MARKET FORECAST REVENUE & FIGURE
- 5.5.2. SEGMENT ANALYSIS

6. MARKET BY APPLICATION

6.1. MATERIAL HANDLING
- 6.1.1. MARKET FORECAST REVENUE & FIGURE
- 6.1.2. SEGMENT ANALYSIS
6.2. ASSEMBLING & DISASSEMBLING
- 6.2.1. MARKET FORECAST REVENUE & FIGURE
- 6.2.2. SEGMENT ANALYSIS
6.3. WELDING & SOLDERING
- 6.3.1. MARKET FORECAST REVENUE & FIGURE
- 6.3.2. SEGMENT ANALYSIS
6.4. DISPENSING
- 6.4.1. MARKET FORECAST REVENUE & FIGURE
- 6.4.2. SEGMENT ANALYSIS
6.5. PROCESSING
- 6.5.1. MARKET FORECAST REVENUE & FIGURE
- 6.5.2. SEGMENT ANALYSIS
6.6. OTHER APPLICATIONS
- 6.6.1. MARKET FORECAST REVENUE & FIGURE
- 6.6.2. SEGMENT ANALYSIS

7. MARKET BY END-USER

7.1. AUTOMOTIVE
- 7.1.1. MARKET FORECAST REVENUE & FIGURE
- 7.1.2. SEGMENT ANALYSIS
7.2. ELECTRONIC & ELECTRIC
- 7.2.1. MARKET FORECAST REVENUE & FIGURE
- 7.2.2. SEGMENT ANALYSIS
7.3. MACHINERY PRODUCTS & METAL
- 7.3.1. MARKET FORECAST REVENUE & FIGURE
- 7.3.2. SEGMENT ANALYSIS
7.4. CHEMICAL, PLASTICS, AND RUBBER
- 7.4.1. MARKET FORECAST REVENUE & FIGURE
- 7.4.2. SEGMENT ANALYSIS
7.5. FOOD & BEVERAGE
- 7.5.1. MARKET FORECAST REVENUE & FIGURE
- 7.5.2. SEGMENT ANALYSIS
7.6. OTHER END-USERS
- 7.6.1. MARKET FORECAST REVENUE & FIGURE
- 7.6.2. SEGMENT ANALYSIS

8. GEOGRAPHICAL ANALYSIS

8.1. NORTH AMERICA
- 8.1.1. MARKET SIZE & ESTIMATES
- 8.1.2. NORTH AMERICA INDUSTRIAL ROBOTICS MARKET DRIVERS
- 8.1.3. NORTH AMERICA INDUSTRIAL ROBOTICS MARKET CHALLENGES
- 8.1.4. KEY PLAYERS IN NORTH AMERICA INDUSTRIAL ROBOTICS MARKET
- 8.1.5. COUNTRY ANALYSIS
  - 8.1.5.1. UNITED STATES
  - 8.1.5.1.1. UNITED STATES INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.1.5.2. CANADA
  - 8.1.5.2.1. CANADA INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
8.2. EUROPE
- 8.2.1. MARKET SIZE & ESTIMATES
- 8.2.2. EUROPE INDUSTRIAL ROBOTICS MARKET DRIVERS
- 8.2.3. EUROPE INDUSTRIAL ROBOTICS MARKET CHALLENGES
- 8.2.4. KEY PLAYERS IN EUROPE INDUSTRIAL ROBOTICS MARKET
- 8.2.5. COUNTRY ANALYSIS
  - 8.2.5.1. UNITED KINGDOM
  - 8.2.5.1.1. UNITED KINGDOM INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.2.5.2. GERMANY
  - 8.2.5.2.1. GERMANY INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.2.5.3. FRANCE
  - 8.2.5.3.1. FRANCE INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.2.5.4. ITALY
  - 8.2.5.4.1. ITALY INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.2.5.5. SPAIN
  - 8.2.5.5.1. SPAIN INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.2.5.6. SWEDEN
  - 8.2.5.6.1. SWEDEN INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.2.5.7. REST OF EUROPE
  - 8.2.5.7.1. REST OF EUROPE INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
8.3. ASIA-PACIFIC
- 8.3.1. MARKET SIZE & ESTIMATES
- 8.3.2. ASIA-PACIFIC INDUSTRIAL ROBOTICS MARKET DRIVERS
- 8.3.3. ASIA-PACIFIC INDUSTRIAL ROBOTICS MARKET CHALLENGES
- 8.3.4. KEY PLAYERS IN ASIA-PACIFIC INDUSTRIAL ROBOTICS MARKET
- 8.3.5. COUNTRY ANALYSIS
  - 8.3.5.1. CHINA
  - 8.3.5.1.1. CHINA INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.3.5.2. JAPAN
  - 8.3.5.2.1. JAPAN INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.3.5.3. INDIA
  - 8.3.5.3.1. INDIA INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.3.5.4. SOUTH KOREA
  - 8.3.5.4.1. SOUTH KOREA INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.3.5.5. SINGAPORE
  - 8.3.5.5.1. SINGAPORE INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.3.5.6. AUSTRALIA & NEW ZEALAND
  - 8.3.5.6.1. AUSTRALIA & NEW ZEALAND INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.3.5.7. REST OF ASIA-PACIFIC
  - 8.3.5.7.1. REST OF ASIA-PACIFIC INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
8.4. REST OF WORLD
- 8.4.1. MARKET SIZE & ESTIMATES
- 8.4.2. REST OF WORLD INDUSTRIAL ROBOTICS MARKET DRIVERS
- 8.4.3. REST OF WORLD INDUSTRIAL ROBOTICS MARKET CHALLENGES
- 8.4.4. KEY PLAYERS IN REST OF WORLD INDUSTRIAL ROBOTICS MARKET
- 8.4.5. REGIONAL ANALYSIS
  - 8.4.5.1. LATIN AMERICA
  - 8.4.5.1.1. LATIN AMERICA INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.4.5.2. MIDDLE EAST & AFRICA
  - 8.4.5.2.1. MIDDLE EAST & AFRICA INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES

9. COMPETITIVE LANDSCAPE

9.1. KEY STRATEGIC DEVELOPMENTS
- 9.1.1. MERGERS & ACQUISITIONS
- 9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 9.1.3. PARTNERSHIPS & AGREEMENTS
9.2. COMPANY PROFILES
- 9.2.1. ABB LTD
  - 9.2.1.1. COMPANY OVERVIEW
  - 9.2.1.2. PRODUCTS LIST
  - 9.2.1.3. STRENGTHS & CHALLENGES
- 9.2.2. AUROTEK CORPORATION
  - 9.2.2.1. COMPANY OVERVIEW
  - 9.2.2.2. PRODUCTS LIST
  - 9.2.2.3. STRENGTHS & CHALLENGES
- 9.2.3. FANUC CORPORATION
  - 9.2.3.1. COMPANY OVERVIEW
  - 9.2.3.2. PRODUCTS LIST
  - 9.2.3.3. STRENGTHS & CHALLENGES
- 9.2.4. KAWASAKI HEAVY INDUSTRIES LTD
  - 9.2.4.1. COMPANY OVERVIEW
  - 9.2.4.2. PRODUCTS LIST
  - 9.2.4.3. STRENGTHS & CHALLENGES
- 9.2.5. KUKA AG
  - 9.2.5.1. COMPANY OVERVIEW
  - 9.2.5.2. PRODUCTS LIST
  - 9.2.5.3. STRENGTHS & CHALLENGES
- 9.2.6. MITSUBISHI ELECTRIC CORPORATION
  - 9.2.6.1. COMPANY OVERVIEW
  - 9.2.6.2. PRODUCTS LIST
  - 9.2.6.3. STRENGTHS & CHALLENGES
- 9.2.7. NACHI FUJIKOSHI CORPORATION
  - 9.2.7.1. COMPANY OVERVIEW
  - 9.2.7.2. PRODUCTS LIST
  - 9.2.7.3. STRENGTHS & CHALLENGES
- 9.2.8. OMRON ADEPT
  - 9.2.8.1. COMPANY OVERVIEW
  - 9.2.8.2. PRODUCTS LIST
  - 9.2.8.3. STRENGTHS & CHALLENGES
- 9.2.9. RETHINK ROBOTICS
  - 9.2.9.1. COMPANY OVERVIEW
  - 9.2.9.2. PRODUCTS LIST
  - 9.2.9.3. STRENGTHS & CHALLENGES
- 9.2.10. ROCKWELL AUTOMATION INC
  - 9.2.10.1. COMPANY OVERVIEW
  - 9.2.10.2. PRODUCTS LIST
  - 9.2.10.3. STRENGTHS & CHALLENGES
- 9.2.11. SCHUNK GMBH
  - 9.2.11.1. COMPANY OVERVIEW
  - 9.2.11.2. PRODUCTS LIST
- 9.2.12. SEIKO EPSON CORPORATION
  - 9.2.12.1. COMPANY OVERVIEW
  - 9.2.12.2. PRODUCTS LIST
- 9.2.13. STAUBLI INTERNATIONAL AG
  - 9.2.13.1. COMPANY OVERVIEW
  - 9.2.13.2. PRODUCTS LIST
- 9.2.14. UNIVERSAL ROBOTS
  - 9.2.14.1. COMPANY OVERVIEW
  - 9.2.14.2. PRODUCTS LIST
- 9.2.15. YAMAHA ROBOTICS
  - 9.2.15.1. COMPANY OVERVIEW
  - 9.2.15.2. PRODUCTS LIST