Industrial Robotics Market Set to Surge from USD 16.4 Billion in 2022 to USD 30.6 Billion by 2033, Propelled by a 6.4% CAGR from 2023 Onwards

February 27 16:20 2024
Industrial Robotics Market Set to Surge from USD 16.4 Billion in 2022 to USD 30.6 Billion by 2033, Propelled by a 6.4% CAGR from 2023 Onwards
Industrial Robotics Market
The Industrial Robotics Market size was USD 16.4 Billion in 2022 and is anticipated to reach USD 30.6 Billion in 2033, growing at a rate of 6.4% from 2023 to 2033.

Market Definition:

Industrial robotics technology is constantly evolving, and new developments are being made all the time. The most common type of industrial robot is the articulated robot, which has a series of joints that allow it to move in multiple directions. This type of robot is often used in welding and assembly applications.

Another common type of industrial robot is the SCARA robot, which is designed for pick-and-place applications. SCARA robots have a horizontal arm with a gripper on the end, and they are often used in packaging and palletizing applications.

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Market Outlook:

In the coming years, the industrial robotics market is expected to grow significantly. This is due to the increasing adoption of robotics in various industries, such as automotive, electronics, food and beverage, and healthcare. The automotive industry is one of the major end-users of industrial robotics. The increasing demand for automobiles, along with the need for efficient production, has resulted in the increased adoption of industrial robotics in the automotive industry.

The healthcare industry is another major end-user of industrial robotics. The increasing demand for minimally invasive surgery and the need for patient safety are the major factors driving the growth of industrial robotics in the healthcare industry.

The food and beverage industry is another major end-user of industrial robotics. The increasing demand for packaged food and the need for efficient production are the major factors driving the growth of industrial robotics in the food and beverage industry.

Restraints & Challenges

One of the biggest restraints is the high cost of industrial robots. These machines are not cheap, and many small and medium-sized businesses cannot afford to purchase them. In addition, the installation and maintenance of industrial robots can be costly and time-consuming.

Another challenge facing the industrial robotics market is the lack of skilled workers. Many companies are reluctant to invest in robots because they do not have the personnel necessary to operate and maintain them. This shortage of skilled workers is expected to increase as the demand for industrial robots grows.

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Research Objectives: 

•            Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region

•            Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling

•            Identify factors influencing market growth and challenges, opportunities, drivers and restraints

•            Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates

•            Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities

•            Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market

•            To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.

•            Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives

 

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Market Segments:

The Industrial Robotics market is segmented into Type, Component, Payloads, Application, Industry, and Region. On the basis of Type, the Industrial Robotics Market is segmented into Traditional Industrial Robots, Articulated Robots, SCARA Robots, Parallel Robots, Linear Robots, and Collaborative Robots. Based on Component, the market is segmented into Robotic Arms, Robot Accessories, End Effectors, Controllers, Drive Units, Vision Systems, Sensors, Power Supply, and Others. Based on Payloads, the market is segmented into Up to 16.00 kg, 16.01–60.00 kg, 60.01–225.00 kg, and More than 225.00 kg. Based on Application, the market is segmented into Handling, Assembling and Disassembling, Welding and Soldering, Dispensing, Processing, and Others. Based on Industry, the market is segmented into Automotive, Electrical and Electronics, Metals and Machinery, Plastics, Rubber and Chemicals, Food and Beverages, Precision Engineering and Optics, Pharmaceuticals and Cosmetics, and Others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

 

Key Players:

  • Kawasaki Heavy Industries (Japan)
  • Denso Corporation (Japan)
  • NACHI-FUJIKOSHI (Japan)
  • Seiko Epson (Japan)
  • DÜrr (Germany)
  • Universal Robots (Denmark)
  • Stäubli (Switzerland)
  • Comau (Italy)
  • B+M SURFACE SYSTEMS (Germany)
  • ICR Services (US)

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Research Scope:

•            Scope – Highlights, Trends, Insights. Attractiveness, Forecast

•            Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others

•            Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain

•            Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments

•            Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis

•            Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis

 

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• 10-year forecast to help you make strategic decisions

• In-depth segmentation which can be customized as per your requirements

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About Global Insight Services:

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