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PUBLISHER: Renub Research | PRODUCT CODE: 1163926

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PUBLISHER: Renub Research | PRODUCT CODE: 1163926

Global Robotics Market, Volume, Size, Global Forecast 2023-2027, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

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Global Robotics Market is projected to grow to US$ 86.20 Billion by 2027 according to Renub Research. Today's stock of robots operating in factories worldwide marks the highest level in history. Robots are now increasingly being adopted for industrial and service applications by professionals. Industrial robotics plays an essential role in modern industrial automation technology. One cannot imagine a transfer to the next manufacturing paradigm without industrial robotics being involved in various production phases. The service robot market comprises many types of robots, most of which can be used for applications in multiple industries.

Around the World, Many government and industry research funding programs have been initiated in recent years. Such programs include the National Robotics Initiative in the US, the SPARC program in the EU, the Robot Revolution Initiative in Japan, the Made in China 2025 program, and the Industries 4.0 program in Germany. Most of these programs are aimed at the larger field of robotics and automation.

Industrial Robots & Service Robots Future Looks Promising

Both industrial and service robots use many robotics technology concepts. Therefore, these programs will undoubtedly significantly affect the development of the robot industry in the future. In addition, recent technological advancements in the robotics industry and AI have led to the introduction of IoRT, which uses devices to fuse sensor data from multiple sources and use intelligence to determine the course of action.

As Robotics Industry 4.0 plays a pivotal role in global manufacturing, The Internet of Robotic Things will help in more efficient and accessible methods for robotic manipulation and grasping in manufacturing functionalities leading to increased use of robotics. As a result, Renub Research expects that Worldwide Robotics Market will grow with double digit CAGR of 15.25% from 2022 to 2027.

According to United Nations by 2050, 16% of the world's population will be over age 65, up from 9% in 2019. Therefore, the aging population is a significant growth factor in deploying robots in assistance applications and domestic healthcare. This will lead to growth in the Service Robotics Market. As per our research findings Global Robotics Industry was US$ 42.4 Billion in 2022.

Regional Analysis: Robotics Industry

The USA is the largest robot user in the Americas, reaching a new operational stock. Most USA robots are imported from Europe, China, and Japan. Asia remains the most robust industrial robots operational stock market for the region's largest adopter. As labour costs are rising in China it is fast increasing the number of robots. India is also not far behind it has doubled the number of robots operating in the country's factories.

Companies are delivering food, and other industries are showing increasing demand. Following this ever-demand, the global growth of food and medication delivery robots will be observed in 2023. This growing demand and supply would also drive the demand for robots supporting last-mile deliveries.

For Instance, in 2020, KUKA signed an agreement with BMW AG to manufacture around 5,000 robots deployed in new production supply lines and factories worldwide. In addition, KUKA worldwide also stated industrial robots production and would be deployed at the BMW Group's international production sites to manufacture the current and future vehicle models.

In 2020, Shanghai SK Automation Technology Co provided intelligent equipment for automotive manufacturers, announced IPO offering on the STAR market, and raised RMB 733.15 Million.

Key Companies Performance

The market key players are expanding their customer base across the world. In addition, the companies are leveraging strategic collaborative initiatives and development towards the new product to increase market revenue.

  • July 2021 - ASTI Mobile Robotics Group acquired by ABB, which will expand ABB's robotics portfolio & automation offering and make it the only company to operate for the next generation of flexible automation.
  • April 2021 - Panasonic Corporation introduced a mass-production model of its Walk Training Robot, designed to provide safe and effective walk training for older adults. The company further offers a robot-assisted service to care facilities, hospitals, and other organizations.

Renub Research report titled "Global Robotics Market, Volume & Forecast, by Type Industrial (Automotive, Electrical & Electronics, Metal, Chemical, Rubber and Plastics, Food), Region (America, (US, Canada, Mexico & Others) Europe (France, Germany, Italy, Spain & Others), Asia (China, India, Japan, Republic of Korea, Thailand and Others) and Rest of the World), Service (Defense, Agriculture, Logistics, Medical, Construction, Mobile Platform, and Inspection), Region (North America, Europe, Asia and Rest of the World), Company (Yaskawa Electric Corporation, iRobot, Intuitive Surgical, Fanuc Corporation, ABB Limited, Stryker Corporation and Panasonic Corporation)" provides a comprehensive assessment of the fast-evolving, Global Robotics Industry.

Global Robotics Market & Volume is categorizes into two-part.

  • A. Industrial Robotics Market
  • B. Service Robotics Market

Industry Robotics - Market and Volume

  • 1. Automotive Industry
  • 2. Electrical & Electronics Industry
  • 3. Metal Industry
  • 4. Chemical, Rubber and Plastics Industry
  • 5. Food Industry
  • 6. Others
  • 7. Unspecified

Service Robotics - Market and Volume

  • 1. Defense
  • 2. Agriculture (Field)
  • 3. Logistic
  • 4. Medical
  • 5. Construction
  • 6. Mobile Platform
  • 7. Inspection

Region - Industry Robotics Market

  • 1. America - United States, Canada, Mexico & Others
  • 2. Europe - France, Germany, Italy, Spain & Others
  • 3. Asia- China, India, Japan, Republic of Korea, Thailand and Others
  • 4. Rest of the World

Region - Service Robotics Market

  • 1. North America
  • 2. Europe
  • 3. Asia
  • 4. Rest of the World

All the companies have been covered from 3 viewpoints

  • Overview
  • Recent Development
  • Sales Analysis

Key Company Analyzed

  • 1. Yaskawa Electric Corporation
  • 2. iRobot
  • 3. Intuitive Surgical
  • 4. Fanuc Corporation
  • 5. ABB Limited
  • 6. Stryker Corporation
  • 7. Panasonic Corporation

Table of Contents

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics

  • 4.1 Growth Drivers
  • 4.2 Challenges

5. Global Robotics Market

  • 5.1 Industrial Robotics Market
  • 5.2 Service Robotics Market

6. Global Robotics Volume Analysis

  • 6.1 Industrial Robotics Volume
  • 6.2 Service Robotics Volume

7. Market Share - Global Robotics Market

  • 7.1 By Segment Market Share
    • 7.1.1 Industrial Robotics
    • 7.1.2 Service Robotics

8. Volume Share - Global Robotics market

  • 8.1 By Segment Volume Share
    • 8.1.1 Industrial Robotics
    • 8.1.2 Service Robotics

9. Industrial Robotics - Market & Volume Analysis

  • 9.1 Automotive Industry
    • 9.1.1 Market
    • 9.1.2 Volume
  • 9.2 Electrical & Electronics Industry
    • 9.2.1 Market
    • 9.2.2 Volume
  • 9.3 Metal & Machinery Industry
    • 9.3.1 Market
    • 9.3.2 Volume
  • 9.4 Plastic & Chemical Products
    • 9.4.1 Market
    • 9.4.2 Volume
  • 9.5 Food Industry
    • 9.5.1 Market
    • 9.5.2 Volume
  • 9.6 Others
    • 9.6.1 Market
    • 9.6.2 Volume

10. Region - Industrial Robotics Market

  • 10.1 America
    • 10.1.1 United States
    • 10.1.2 Canada
    • 10.1.3 Mexico
    • 10.1.4 Others
  • 10.2 Europe
    • 10.2.1 France
    • 10.2.2 Germany
    • 10.2.3 Italy
    • 10.2.4 Spain
    • 10.2.5 Others
  • 10.3 Asia & Australia
    • 10.3.1 China
    • 10.3.2 India
    • 10.3.3 Japan
    • 10.3.4 Republic Of Korea
    • 10.3.5 Thailand
    • 10.3.6 Others
  • 10.4 Rest of the World

11. Service Robotics - Market & Volume Analysis

  • 11.1 Transportation & Logistics
    • 11.1.1 Market
    • 11.1.2 Volume
  • 11.2 Professional Cleaning
    • 11.2.1 Market
    • 11.2.2 Volume
  • 11.3 Medical Robotics
    • 11.3.1 Market
    • 11.3.2 Volume
  • 11.4 Hospitality
    • 11.4.1 Market
    • 11.4.2 Volume
  • 11.5 Agriculture & Field
    • 11.5.1 Market
    • 11.5.2 Volume

12. Region - Service Robotics Market & Volume

  • 12.1 North America
  • 12.2 Europe
  • 12.3 Asia
  • 12.4 Rest of the World

13. Company Analysis

  • 13.1 iRobot Corporation
    • 13.1.1 Overview
    • 13.1.2 Recent Development
    • 13.1.3 Financial Insights
  • 13.2 Intuitive Surgical, Inc
    • 13.2.1 Overview
    • 13.2.2 Recent Development
    • 13.2.3 Financial Insights
  • 13.3 Panasonic Corporation
    • 13.3.1 Overview
    • 13.3.2 Recent Development
    • 13.3.3 Financial Insights
  • 13.4 Fanuc
    • 13.4.1 Overview
    • 13.4.2 Recent Development
    • 13.4.3 Financial Insights
  • 13.5 ABB Ltd
    • 13.5.1 Overview
    • 13.5.2 Recent Development
    • 13.5.3 Financial Insights
  • 13.6 Stryker Corporation
    • 13.6.1 Overview
    • 13.6.2 Recent Development
    • 13.6.3 Financial Insights
  • 13.7 Yaskawa Electric Corporation
    • 13.7.1 Overview
    • 13.7.2 Recent Development
    • 13.7.3 Financial Insights

List of Figures

  • Figure-01: Global - Robotics Market (Million US$), 2018 - 2022
  • Figure-02: Global - Forecast for Robotics Market (Million US$), 2023 - 2027
  • Figure-03: Global - Industrial Robotics Market (Million US$), 2018 - 2022
  • Figure-04: Global - Forecast for Industrial Robotics Market (Million US$), 2023 - 2027
  • Figure-05: Global - Service Robotics Market (Million US$), 2018 - 2022
  • Figure-06: Global - Forecast for Service Robotics Market (Million US$), 2023 - 2027
  • Figure-07: Global - Robotics Volume (Number), 2018 - 2022
  • Figure-08: Global - Forecast for Robotics Volume (Number), 2023 - 2027
  • Figure-09: Global - Industrial Robotics Volume (Number), 2018 - 2022
  • Figure-10: Global - Forecast for Industrial Robotics Volume (Number), 2023 - 2027
  • Figure-11: Global - Service Robotics Volume (Number), 2018 - 2022
  • Figure-12: Global - Forecast for Service Robotics Volume (Number), 2023 - 2027
  • Figure-13: Global - Industrial Robotics Automotive Industry Market (Million US$), 2018 - 2022
  • Figure-14: Global - Forecast for Industrial Robotics Automotive Industry Market (Million US$), 2023 - 2027
  • Figure-15: Global - Industrial Robotics Automotive Industry Volume (Number), 2018 - 2022
  • Figure-16: Global - Forecast for Industrial Robotics Automotive Industry Volume (Number), 2023 - 2027
  • Figure-17: Global - Industrial Robotics Electrical & Electronics Industry Market (Million US$), 2018 - 2022
  • Figure-18: Global - Forecast for Industrial Robotics Electrical & Electronics Industry Market (Million US$), 2023 - 2027
  • Figure-19: Global - Industrial Robotics Electrical & Electronics Industry Volume (Number), 2018 - 2022
  • Figure-20: Global - Forecast for Industrial Robotics Electrical & Electronics Industry Volume (Number), 2023 - 2027
  • Figure-21: Global - Industrial Robotics Metal & Machinery Industry Market (Million US$), 2018 - 2022
  • Figure-22: Global - Forecast for Industrial Robotics Metal & Machinery Industry Market (Million US$), 2023 - 2027
  • Figure-23: Global - Industrial Robotics Metal & Machinery Industry Volume (Number), 2018 - 2022
  • Figure-24: Global - Forecast for Industrial Robotics Metal & Machinery Industry Volume (Number), 2023 - 2027
  • Figure-25: Global - Industrial Robotics Plastic & Chemical Products Market (Million US$), 2018 - 2022
  • Figure-26: Global - Forecast for Industrial Robotics Plastic & Chemical Products Market (Million US$), 2023 - 2027
  • Figure-27: Global - Industrial Robotics Plastic & Chemical Products Volume (Number), 2018 - 2022
  • Figure-28: Global - Forecast for Industrial Robotics Plastic & Chemical Products Volume (Number), 2023 - 2027
  • Figure-29: Global - Industrial Robotics Food Industry Market (Million US$), 2018 - 2022
  • Figure-30: Global - Forecast for Industrial Robotics Food Industry Market (Million US$), 2023 - 2027
  • Figure-31: Global - Industrial Robotics Food Industry Volume (Number), 2018 - 2022
  • Figure-32: Global - Forecast for Industrial Robotics Food Industry Volume (Number), 2023 - 2027
  • Figure-33: Global - Industrial Robotics Others Market (Million US$), 2018 - 2022
  • Figure-34: Global - Forecast for Industrial Robotics Others Market (Million US$), 2023 - 2027
  • Figure-35: Global - Industrial Robotics Others Volume (Number), 2018 - 2022
  • Figure-36: Global - Forecast for Industrial Robotics Others Volume (Number), 2023 - 2027
  • Figure-37: America - Industrial Robotics United States Market (Million US$), 2018 - 2022
  • Figure-38: America - Forecast for Industrial Robotics United States Market (Million US$), 2023 - 2027
  • Figure-39: America - Industrial Robotics Canada Market (Million US$), 2018 - 2022
  • Figure-40: America - Forecast for Industrial Robotics Canada Market (Million US$), 2023 - 2027
  • Figure-41: America - Industrial Robotics Mexico Market (Million US$), 2018 - 2022
  • Figure-42: America - Forecast for Industrial Robotics Mexico Market (Million US$), 2023 - 2027
  • Figure-43: America - Industrial Robotics Others Market (Million US$), 2018 - 2022
  • Figure-44: America - Forecast for Industrial Robotics Others Market (Million US$), 2023 - 2027
  • Figure-45: Europe - Industrial Robotics France Market (Million US$), 2018 - 2022
  • Figure-46: Europe - Forecast for Industrial Robotics France Market (Million US$), 2023 - 2027
  • Figure-47: Europe - Industrial Robotics Germany Market (Million US$), 2018 - 2022
  • Figure-48: Europe - Forecast for Industrial Robotics Germany Market (Million US$), 2023 - 2027
  • Figure-49: Europe - Industrial Robotics Italy Market (Million US$), 2018 - 2022
  • Figure-50: Europe - Forecast for Industrial Robotics Italy Market (Million US$), 2023 - 2027
  • Figure-51: Europe - Industrial Robotics Spain Market (Million US$), 2018 - 2022
  • Figure-52: Europe - Forecast for Industrial Robotics Spain Market (Million US$), 2023 - 2027
  • Figure-53: Europe - Industrial Robotics Others Market (Million US$), 2018 - 2022
  • Figure-54: Europe - Forecast for Industrial Robotics Others Market (Million US$), 2023 - 2027
  • Figure-55: Asia & Australia - Industrial Robotics China Market (Million US$), 2018 - 2022
  • Figure-56: Asia & Australia - Forecast for Industrial Robotics China Market (Million US$), 2023 - 2027
  • Figure-57: Asia & Australia - Industrial Robotics India Market (Million US$), 2018 - 2022
  • Figure-58: Asia & Australia - Forecast for Industrial Robotics India Market (Million US$), 2023 - 2027
  • Figure-59: Asia & Australia - Industrial Robotics Japan Market (Million US$), 2018 - 2022
  • Figure-60: Asia & Australia - Forecast for Industrial Robotics Japan Market (Million US$), 2023 - 2027
  • Figure-61: Asia & Australia - Industrial Robotics Republic Of Korea Market (Million US$), 2018 - 2022
  • Figure-62: Asia & Australia - Forecast for Industrial Robotics Republic Of Korea Market (Million US$), 2023 - 2027
  • Figure-63: Asia & Australia - Industrial Robotics Thailand Market (Million US$), 2018 - 2022
  • Figure-64: Asia & Australia - Forecast for Industrial Robotics Thailand Market (Million US$), 2023 - 2027
  • Figure-65: Asia & Australia - Industrial Robotics Others Market (Million US$), 2018 - 2022
  • Figure-66: Asia & Australia - Forecast for Industrial Robotics Others Market (Million US$), 2023 - 2027
  • Figure-67: Rest of the World - Industrial Robotics Others Market (Million US$), 2018 - 2022
  • Figure-68: Rest of the World - Forecast for Industrial Robotics Others Market (Million US$), 2023 - 2027
  • Figure-69: Global - Service Robotics Transportation & Logistics Market (Million US$), 2018 - 2022
  • Figure-70: Global - Forecast for Service Robotics Transportation & Logistics Market (Million US$), 2023 - 2027
  • Figure-71: Global - Service Robotics Transportation & Logistics Volume (Number), 2018 - 2022
  • Figure-72: Global - Forecast for Service Robotics Transportation & Logistics Volume (Number), 2023 - 2027
  • Figure-73: Global - Service Robotics Professional Cleaning Market (Million US$), 2018 - 2022
  • Figure-74: Global - Forecast for Service Robotics Professional Cleaning Market (Million US$), 2023 - 2027
  • Figure-75: Global - Service Robotics Professional Cleaning Volume (Number), 2018 - 2022
  • Figure-76: Global - Forecast for Service Robotics Professional Cleaning Volume (Number), 2023 - 2027
  • Figure-77: Global - Service Robotics Medical Robotics Market (Million US$), 2018 - 2022
  • Figure-78: Global - Forecast for Service Robotics Medical Robotics Market (Million US$), 2023 - 2027
  • Figure-79: Global - Service Robotics Medical Robotics Volume (Number), 2018 - 2022
  • Figure-80: Global - Forecast for Service Robotics Medical Robotics Volume (Number), 2023 - 2027
  • Figure-81: Global - Service Robotics Hospitality Market (Million US$), 2018 - 2022
  • Figure-82: Global - Forecast for Service Robotics Hospitality Market (Million US$), 2023 - 2027
  • Figure-83: Global - Service Robotics Hospitality Volume (Number), 2018 - 2022
  • Figure-84: Global - Forecast for Service Robotics Hospitality Volume (Number), 2023 - 2027
  • Figure-85: Global - Service Robotics Agriculture & Field Market (Million US$), 2018 - 2022
  • Figure-86: Global - Forecast for Service Robotics Agriculture & Field Market (Million US$), 2023 - 2027
  • Figure-87: Global - Service Robotics Agriculture & Field Volume (Number), 2018 - 2022
  • Figure-88: Global - Forecast for Service Robotics Agriculture & Field Volume (Number), 2023 - 2027
  • Figure-89: North America - Service Robotics Market (Million US$), 2018 - 2022
  • Figure-90: North America - Forecast for Service Robotics Market (Million US$), 2023 - 2027
  • Figure-91: Europe - Service Robotics Market (Million US$), 2018 - 2022
  • Figure-92: Europe - Forecast for Service Robotics Market (Million US$), 2023 - 2027
  • Figure-93: Asia - Service Robotics Market (Million US$), 2018 - 2022
  • Figure-94: Asia - Forecast for Service Robotics Market (Million US$), 2023 - 2027
  • Figure-95: Rest of the World - Service Robotics Market (Million US$), 2018 - 2022
  • Figure-96: Rest of the World - Forecast for Service Robotics Market (Million US$), 2023 - 2027
  • Figure-97: iRobot Corporation - Global Revenue (Million US$), 2018 - 2022
  • Figure-98: iRobot Corporation - Forecast for Global Revenue (Million US$), 2023 - 2027
  • Figure-99: Intuitive Surgical, Inc - Global Revenue (Million US$), 2018 - 2022
  • Figure-100: Intuitive Surgical, Inc - Forecast for Global Revenue (Million US$), 2023 - 2027
  • Figure-101: Panasonic Corporation - Global Revenue (Million US$), 2018 - 2022
  • Figure-102: Panasonic Corporation - Forecast for Global Revenue (Million US$), 2023 - 2027
  • Figure-103: Fanuc - Global Revenue (Million US$), 2018 - 2022
  • Figure-104: Fanuc - Forecast for Global Revenue (Million US$), 2023 - 2027
  • Figure-105: ABB Ltd - Global Revenue (Million US$), 2018 - 2022
  • Figure-106: ABB Ltd - Forecast for Global Revenue (Million US$), 2023 - 2027
  • Figure-107: Stryker Corporation - Global Revenue (Million US$), 2018 - 2022
  • Figure-108: Stryker Corporation - Forecast for Global Revenue (Million US$), 2023 - 2027
  • Figure-109: Yaskawa Electric Corporation - Global Revenue (Million US$), 2018 - 2022
  • Figure-110: Yaskawa Electric Corporation - Forecast for Global Revenue (Million US$), 2023 - 2027

List of Tables

  • Table-01: Global - Robotics Market Share by Segment (Percent), 2018 - 2022
  • Table-02: Global - Forecast for Robotics Market Share by Segment (Percent), 2023 - 2027
  • Table-03: Global - Industrial Robotics Market Share (Percent), 2018 - 2022
  • Table-04: Global - Forecast for Industrial Robotics Market Share (Percent), 2023 - 2027
  • Table-05: Global - Service Robotics Market Share (Percent), 2018 - 2022
  • Table-06: Global - Forecast for Service Robotics Market Share (Percent), 2023 - 2027
  • Table-07: Global - Robotics Volume Share by Segment (Percent), 2018 - 2022
  • Table-08: Global - Forecast for Robotics Volume Share by Segment (Percent), 2023 - 2027
  • Table-09: Global - Industrial Robotics Volume Share (Percent), 2018 - 2022
  • Table-10: Global - Forecast for Industrial Robotics Volume Share (Percent), 2023 - 2027
  • Table-11: Global - Service Robotics Volume Share (Percent), 2018 - 2022
  • Table-12: Global - Forecast for Service Robotics Volume Share (Percent), 2023 - 2027
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