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Industrial Robotics Market, By Type (Articulated Robots, Cylindrical Robots, SCARA Robots, Cartesian

Published Date: March 2021 | Report Code : EQ2140856

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Industrial Robotics Market, By Type (Articulated Robots, Cylindrical Robots, SCARA Robots, Cartesian Robots, and Others), By Function (Welding & Soldering, Assembly, Dispensing, Printing, Packaging & Labeling, Inspection & Testing, Material Handling, and Others), By End User (Automotive, Energy & Power, Defense, Chemical, Construction, Electrical & Electronics, Food & Beverages, Pharmaceuticals, and Others), and By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World) – Market Size & Forecasting (2016-2028)By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Market Size & Forecasting (2016-2028)

COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.

Domain : Equipment

Report Code : EQ2140856

Status : Published March 2021

The Industrial Robotics (with peripherals and software) market was valued at USD 51.01 billion in 2020 and is projected to grow at a CAGR of 10.3% during the forecast period from 2020 to 2028. But due to the impact of the COVID-19 pandemic, the global industrial robotics market valuation has come down to USD 43.73 billion in 2020 and is projected to grow at a CAGR of 7.6% during the forecast period.

Advancement in technology, growing demand for sophisticated products and components with high accuracy, and increasing professional working activity in remote and hazardous environment are some of the major factors that are driving the growth of the global industrial robotics market.

Industrial robotics system is the process of programming and outfitting of robots that are capable of movement in more than three axes to reduce manual interference in industrial work. The main benefit of this system is that it reduces operational costs by reducing the time required to complete the work. This system has wide applications in the manufacturing industry, such as in assembly, printed circuit board, packaging & labelling, inspection & testing, material handling, and others.

Increasing process automation in manufacturing facilities for better production efficiency, inspection, and quality improvement of the final product are driving the demand for industrial robotics. The growth of the automotive industry, surging demand for electric vehicles, and increasing consumer electronics demand have led to the expansion or establishment of new production facilities, which in turn, is driving the global industrial robotics market.

Industrial Robotics Market Fig 1

FIGURE 1: GLOBAL INDUSTRIAL ROBOTICS MARKET

The global industrial robotics market has been segmented based on type, function, application, end user, and region.

Industrial Robotics Market Fig 2

 FIGURE 2: GLOBAL INDUSTRIAL ROBOTICS MARKET SEGMENTATION

Global Industrial Robotics Market, By Type

By type, the global industrial robotics market has been segmented into articulated robots, cylindrical robots, SCARA robots, cartesian robots, and others. Among these segments, the articulated robot segment has captured the largest market share in 2020 in the global industrial robotics market and is anticipated to remain the largest segment till the forecast period. The growth of transportation, logistics, and electrical & electronics industries contribute towards the growth of the articulated robots type segment of the global industrial robotics market.

Global Industrial Robotics Market, By Function

By function, the global industrial robotics market is segmented as welding & soldering, assembly, dispensing, printing, packaging & labelling, inspection & testing, material handling, and others. Among these segments, the material handling segment of industrial robotics has captured the largest market share of 42.3% in the global market, and it is anticipated to remain the largest till 2028. Superior and speedy material handling as compared to manual material handling, consistency, low downtime, and round the clock operations are some of the major factors that will promote the growth of this segment in the coming years.

Global Industrial Robotics Market, By End User

By end user, the global industrial robotics market has been segmented as automotive, energy & power, defense, chemical, construction, electrical & electronics, food & beverages, pharmaceuticals, and others. Among these, the automotive end user segment of the global industrial robotics market is projected to capture a share of 37.8% in 2020 and is anticipated to remain the largest till the coming years. The efficiency in vehicle manufacturing and superior finishing, along with inspection, are some of the prime factors that are contributing to the industrial robotics demand in the automotive market.

GLOBAL INDUSTRIAL ROBOTICS MARKET  Fig 3

FIGURE 3: GLOBAL INDUSTRIAL ROBOTICS MARKET, PRE-COVID AND POST-COVID MARKET ESTIMATION AND FORECAST, 2020-2028

Global Industrial Robotics Market, By Region

By region, the industrial robotics market has been segmented as North America, Asia Pacific, Europe, Middle East & Africa, and South America. The Asia Pacific industrial robotics market has accounted for USD XX. X million in 2020, while it is expected to reach USD XX. X million in 2028, with a CAGR of XX.X% during the COVID-19 period. On the other hand, without the COVID-19 impact, the Asia Pacific industrial robotics market has been estimated to be at USD XX.X million in 2020 and USD XX. X million in 2028, with a CAGR of XX.X%. Besides Asia Pacific, North America and Europe are projected to capture a dominant market share in the global industrial robotics market.

Key Factors Impacting Market Growth

  • Presence of a large number of unskilled labor
  • Increase in research & development investments in the robotics industry
  • Expanding manufacturing industry in developing countries 

What does this Report Provide?

This report provides a detailed understanding of the global industrial robotics demand from a qualitative and quantitative perspective with a forecast for the next 10 years. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the global industrial robotics market. The major market drivers, challenges, restraints, and opportunities for global industrial robotics have also been covered in the report.

This report further includes the market shares of the leading companies operating in the industrial robotics market, along with their production capacities and the growth strategies adopted by them. An in-depth pricing analysis, patent analysis, and latest technological advancement analysis have been covered in the report. Apart from these, how COVID-19 pandemic has affected global Industrial robotics is also covered in this study, both in terms of qualitative and quantitative analysis.

Market Segmentation:

By Type:

  • Articulated Robots
  • Cylindrical Robots
  • SCARA Robots
  • Cartesian Robots
  • Others

By Source:

  • Welding & Soldering
  • Assembly
  • Dispensing
  • Printing
  • Packaging & Labeling,
  • Inspection & Testing
  • Material Handling
  • Others

By End User:

  • Automotive
  • Energy & Power
  • Defense
  • Chemical
  • Construction
  • Electrical & Electronics
  • Food & Beverages
  • Pharmaceuticals
  • Others

By Region:

North America Industrial Robotics Market

  • North America Industrial Robotics Market, by Country
    • U.S
    • Canada
    • Mexico
  • North America Industrial Robotics Market, by Type
  • North America Industrial Robotics Market, by Function
  • North America Industrial Robotics Market, by End User

Europe Industrial Robotics Market

  • Europe Industrial Robotics Market, by Country
    • Germany
    • Russia
    • UK
    • France
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe 
  • Europe Industrial Robotics Market, by Type
  • Europe Industrial Robotics Market, by Function
  • Europe Industrial Robotics Market, by End User

Asia Pacific Industrial Robotics Market

  • Asia Pacific Industrial Robotics Market, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Rest of Asia Pacific 
  • Asia Pacific Industrial Robotics Market, by Type
  • Asia Pacific Industrial Robotics Market, by Function
  • Asia Pacific Industrial Robotics Market, by End User

Middle East & Africa Industrial Robotics Market

  • Middle East & Africa Industrial Robotics Market, by Country 
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
  • Middle East & Africa Industrial Robotics Market, by Type
  • Middle East & Africa Industrial Robotics Market, by Function
  • Middle East & Africa Industrial Robotics Market, by End User

South America Industrial Robotics Market

  • South America Industrial Robotics Market, by Country 
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • South America Industrial Robotics Market, by Type
  • South America Industrial Robotics Market, by Function
  • South America Industrial Robotics Market, by End User

Major Companies: The major companies profiled in the market include ABB, Mitsubishi Electric Corporation, Dynamic Automation, FANUC, Geku Automation, Dürr, KUKA Robotics, FH Automation, RobotWorx, Kawasaki Heavy Industries Ltd, Midwest Engineered Systems, Van Hoecke Automation, Fitz-Thors Engineering, Yamaha Motor Co., Ltd., YASKAWA, EPSON Robotic System, Franka Emika Robot, and Amtec Solutions Group, among others

Objectives of This Report:

  • To estimate the market size for industrial robotics on a regional and global basis.
  • To identify major segments in industrial robotics and evaluate their market shares and demand.
  • To provide a competitive scenario for industrial robotics with major developments observed by key companies in the historic years.
  • To evaluate key factors governing the dynamics of industrial robotics with their potential gravity during the forecast period.
  • To evaluate the leading company-wise pricing analysis for the mentioned applications
  • COVID-19 impact on the global industrial robotics market

Customization:

This study is customized to meet your specific requirements:

  • By sub-segment
  • By client-specific country analysis with market share analysis
  • Pricing analysis along with the potential and existing customer analysis
  • Product-specific competitive benchmarking and pricing analysis

For more information, contact: [email protected]

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