Global Industrial Robotics Market and Volume by Segment, Application, Geographical Distribution, Recent Developments, and Key Players Robotics Division Sales Analysis

Description

List of Tables

The global industrial robotics market was valued at around US$ 16.5 Billion in 2022 and is expected to reach around US$ 20 Billion by 2027. An industrial robot is a type of mechanical equipment that is fed data and is programmed to execute activities linked to industry production automatically. Industrial robots play a vital role in automating manufacturing processes across different industries such as automotive, electronics and electrical, food and beverage, metal, and many others. They can perform different industrial tasks such as loading, packaging, labelling, product inspection, and shifting among others. Industrial robot increases productivity and profitability of organizations by eliminating labor-intensive activities with high degree of accuracy and efficiency. Moreover, they can work in hazardous environment such as high-pressure or vacuum chambers, and areas where there are explosions, infections, and radiation among others.

The demand for industrial robotics is anticipated to grow exponentially during the forecast period driven by advantages such as cost reduction, improved quality, increased production, and improved workplace health and safety. The adoption of automation to ensure quality production and meet market demand, and the growing demand from SMEs in developing countries is fueling the growth of industrial robotics market globally. However, the high initial investment and maintenance cost of industrial robots, coupled with integration costs and the cost of peripherals, such as end effectors and vision systems, makes automation a costly investment for SMEs.

Recent Developments

In March 2023, LG Uplus announced a partnership by signing an MoU with Bigwave Robotics (South Korea), a leading operator of robot automation platforms, to strengthen its robot business.
ABB Robotics announced supporting Renault Group by providing state-of-the-art robotics technology to help automate the electric vehicle (EV) manufacturer's production network across several key markets.
In October 2022, ABB launched its smallest-ever industrial robot, offering unique possibilities for faster, more flexible, and high-quality production of wearable intelligent gadgets.
In June 2022, Epson introduced the GX Series SCARA Robots to deliver next-level performance and flexibility.

Industrial Robotics Segment Market - Key Takeaway

The electronics industry surpassed the automotive industry in terms of annual robot installations in 2020 and held the largest market for industrial robotics in 2022.
In the automotive industry, the growing adoption of electric vehicles (EVs) and the need for EV charging infrastructure is boosting the demand for robotics. Recently, ABB Robotics announced supporting Renault Group by providing state-of-the-art robotics technology to help automate the electric vehicle (EV) manufacturer's production network across several key markets.
Metal industry, the third largest market for industrial robotics, has witnessed an accelerated growth of industrial robotics adoption in recent years.
Chemical, rubber, and plastics industry accounted for approx. 5% share of the industrial robotics market in 2022, followed by the food industry segment.

Industrial Robotics Application Market - Key Takeaway

Handling is the most important application of industrial robots, as it can automate some of the most tedious, dull, and unsafe tasks in a production line and is one of the easiest ways to add automation.
Assembly robots are used for lean industrial processes and can dramatically increase production speed and consistency.
It is projected that the share of industrial robots for welding application will increase considerably during the forecast period, as utilization of industrial robots for welding is economical, and the welds are of an excellent quality.
The leading cleanroom robot manufacturers such as, ABB, Yaskawa Electric Corp, and Kawasaki Heavy Industries are focusing their investments on technologically advanced, cost effective, and more secure products and solutions for various applications.

Industrial Robotics Regional Market - Key Takeaway

Asia/Australia is the world's largest and strongest growth market for industrial robots. In Asia, China has significantly expanded its leading position as the biggest market for industrial robots.
Europe is the second largest market for industrial robots, followed by Americas at the third position.
Robot installation counts in Germany, the largest European market and the only European one in the global top five, rose 2% in 2022.
The United States is the largest American market and accounted for 67% of the robot installations in the Americas in 2022.

iGATE RESEARCH report titled "Global Industrial Robotics Market and Volume by Segment (Automotive Industry, Electrical/Electronics, Metal, Chemical, Rubber and Plastics, Food, Others, Unspecified), Application (Handling, Welding, Assembling, Cleanroom, Dispensing, Processing, others/Unspecified), Geographical Distribution, Recent Developments, and Key Players Robotics Division Sales Analysis - Forecast to 2027" provides a comprehensive assessment of the Industrial Robotics Market.

This 174 Page report with 67 Figures and 10 Tables has been analyzed from 10 viewpoints:

1. Global Industrial Robotics Market and Forecast (2012 - 2027)

2. Global Industrial Robotics Market Share and Forecast (2012 - 2027)

3. Global Industrial Robotics Volume and Forecast (2012 - 2027)

4. Global Industrial Robotics Market and Forecast - By Segment (2012 - 2027)

5. Global Industrial Robotics Volume and Forecast - By Segment (2012 - 2027)

6. Global Industrial Robotics Volume and Forecast - By Application (2015 - 2027)

7. Industrial Robotics Volume and Forecast - Region and Country Wise Distribution (2012 - 2027)

8. Key Player - Robotics Division Sales and SWOT Analysis (2010 - 2027)

9. Global Robotics Market - Recent Developments

10. Global Robotics Market - Growth Drivers and Challenges

Global Industrial Robotics Market and Volume Forecast - Segments Covered

1. Automotive Industry

2. Electrical/Electronics Industry

3. Metal Industry

4. Chemical, Rubber and Plastics Industry

5. Food Industry

6. Others Industry

7. Unspecified Industry

Global Industrial Robotics Volume and Forecast - Applications Covered

Handling
Welding
Assembling
Cleanroom
Dispensing
Processing
All others/Unspecified Application

Industrial Robotics Volume and Forecast - Region and Country Wise Distribution

1. Americas

United States
Canada
Brazil
Mexico
Rest of South America

2. Asia/Australia

China
India
Japan
Republic of Korea
Taiwan
Thailand
Vietnam
Other Asia/Australia

3. Europe

Central/Eastern Europe
France
Germany
Italy
Spain
United Kingdom
Other Europe

4. Africa

5. Rest of the World (ROW)

Global Robotics Market - Key Players Robotics Division Sales and SWOT Analysis

1. KUKA AG

2. Adept Technology (Acquired by OMRON)

3. iRobot Corporation

4. Intuitive Surgical

5. Nachi-Fujikoshi

6. Yaskawa Electric Corporation

7. ABB

8. FANUC Corporation

9. DAIHEN Corporation

10. Mitsubishi Electric Corporation

11. DENSO Corporation

12. Seiko Epson Corporation

Data Sources

iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.

Research Methodologies

Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.

Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.

1. Executive Summary

2. Global Industrial Robotics Market and Volume Analysis (2012 - 2027)

2.1 Global Industrial Robotics Market and Forecast
2.2 Global Industrial Robotics Volume and Forecast

3. Global Industrial Robotics Market Share and Forecast

3.1 Global Industrial Robotics Market Share and Forecast - By Segment (2012 - 2027)
3.2 Global Industrial Robotics Market Share and Forecast - By Region (2012 - 2027)
3.3 Global Industrial Robotics Share and Forecast - By Application (2015 - 2027)

4. Global Industrial Robotics Market and Volume Forecast - By Segment (2012 - 2027)

4.1 Global Automotive Industry Robotics Market and Volume Forecast
- 4.1.1 Global Automotive Industry Robotics Market and Forecast
- 4.1.2 Global Automotive Industry Robotics Volume and Forecast
4.2 Global Electrical/Electronics Industry Robotics Market and Volume Forecast
- 4.2.1 Global Electrical/Electronics Industry Robotics Market and Forecast
- 4.2.2 Global Electrical/Electronics Industry Robotics Volume and Forecast
4.3 Global Metal Industry Robotics Market and Volume Forecast
- 4.3.1 Global Metal Industry Robotics Market and Forecast
- 4.3.2 Global Metal Industry Robotics Volume and Forecast
4.4 Global Chemical, Rubber and Plastics Industry Robotics Market and Volume Forecast
- 4.4.1 Global Chemical, Rubber and Plastics Industry Robotics Market and Forecast
- 4.4.2 Global Chemical, Rubber and Plastics Industry Robotics Volume and Forecast
4.5 Global Food Industry Robotics Market and Volume Forecast
- 4.5.1 Global Food Industry Robotics Market and Forecast
- 4.5.2 Global Food Industry Robotics Volume and Forecast
4.6 Global Others Industry Robotics Market and Volume Forecast
- 4.6.1 Global Others Industry Robotics Market and Forecast
- 4.6.2 Global Others Industry Robotics Volume and Forecast
4.7 Global Unspecified Industry Robotics Market and Volume Forecast
- 4.7.1 Global Unspecified Industry Robotics Market and Forecast
- 4.7.2 Global Unspecified Industry Robotics Volume and Forecast

5. Global Industrial Robotics Volume and Forecast - By Application (2015 - 2027)

5.1 Handling Application - Global Industry Robotics Volume and Forecast
5.2 Welding Application - Global Industry Robotics Volume and Forecast
5.3 Assembling Application - Global Industry Robotics Volume and Forecast
5.4 Cleanroom Application - Global Industry Robotics Volume and Forecast
5.5 Dispensing Application - Global Industry Robotics Volume and Forecast
5.6 Processing Application - Global Industry Robotics Volume and Forecast
5.7 All others/Unspecified Application - Global Industry Robotics Volume and Forecast

6. Global Industrial Robotics Volume and Forecast - By Region and Country Wise Distribution (2012 - 2027)

7. Key Player Analysis (2010 - 2027)

7.1 KUKA AG
- 7.1.1 Company Overview
- 7.1.2 Sales Analysis
- 7.1.3 KUKA AG - SWOT Analysis
7.2 Adept Technology (Acquired by OMRON)
- 7.2.1 Company Overview
- 7.2.2 Sales Analysis
- 7.2.3 Adept Technology - SWOT Analysis
7.3 iRobot Corporation
- 7.3.1 Company Overview
- 7.3.2 Sales Analysis
- 7.3.3 iRobot Corporation - SWOT Analysis
7.4 Intuitive Surgical
- 7.4.1 Company Overview
- 7.4.2 Sales Analysis
- 7.4.3 Intuitive Surgical - SWOT Analysis
7.5 Nachi-Fujikoshi
- 7.5.1 Company Overview
- 7.5.2 Sales Analysis
- 7.5.3 Nachi-Fujikoshi - SWOT Analysis
7.6 Yaskawa Electric Corporation
- 7.6.1 Company Overview
- 7.6.2 Sales Analysis
- 7.6.3 Yaskawa Electric Corporation - SWOT Analysis
7.7 ABB
- 7.7.1 Company Overview
- 7.7.2 Sales Analysis
- 7.7.3 ABB - SWOT Analysis
7.8 FANUC Corporation
- 7.8.1 Company Overview
- 7.8.2 Sales Analysis
- 7.8.3 FANUC Corporation - SWOT Analysis
7.9 DAIHEN Corporation
- 7.9.1 Company Overview
- 7.9.2 Sales Analysis
- 7.9.3 DAIHEN Corporation - SWOT Analysis
7.10 Mitsubishi Electric Corporation
- 7.10.1 Company Overview
- 7.10.2 Sales Analysis
- 7.10.3 Mitsubishi Electric Corporation - SWOT Analysis
7.11 DENSO Corporation
- 7.11.1 Company Overview
- 7.11.2 Sales Analysis
- 7.11.3 DENSO Corporation - SWOT Analysis
7.12 Seiko Epson Corporation
- 7.12.1 Company Overview
- 7.12.2 Sales Analysis
- 7.12.3 Seiko Epson Corporation - SWOT Analysis

8. Global Robotics Market - Recent Developments

9. Global Robotics Market - Growth Drivers

9.1 Increased Spending on R&D and Robotic Process Automation
9.2 Technology Trends Shaping the Future of Robotics
9.3 Increased Investment Across Industries Drives the Market for Robotics Solution
9.4 Opportunities in Industry 4.0 and Emergence of Industry 5.0
9.5 Rising Labor Costs amidst the Aging Workforce will Boost the Robots Demand
9.6 Rising Demand for Collaborative Robots Across Industries

10. Global Robotics Market - Challenges

10.1 The High Cost of Robots and Delayed Return on Investment Restricts Market Growth
10.2 Limited Flexibility of Robots for Handling SKUs Pose Challenge for Robotics
10.3 Safety Concerns Related to Industrial Robotics Systems
10.4 Privacy and Security

List of Figures

List of Figures:

Figure 2-1: Global - Industrial Robotics Market (Million US$), 2012 - 2022
Figure 2-2: Global - Forecast for Industrial Robotics Market (Million US$), 2023 - 2027
Figure 2-3: Global - Industrial Robotics Volume (Units), 2012 - 2022
Figure 2-4: Global - Forecast for Industrial Robotics Volume (Units), 2023 - 2027
Figure 4-1: Global - Automotive Industry Robotics Market (Million US$), 2012 - 2022
Figure 4-2: Global - Forecast for Automotive Industry Robotics Market (Million US$), 2023 - 2027
Figure 4-3: Global - Automotive Industry Robotics Volume (Units), 2012 - 2022
Figure 4-4: Global - Forecast for Automotive Industry Robotics Volume (Units), 2023 - 2027
Figure 4-5: Global - Electrical/Electronics Industry Robotics Market (Million US$), 2012 - 2022
Figure 4-6: Global - Forecast for Electrical/Electronics Industry Robotics Market (Million US$), 2023 - 2027
Figure 4-7: Global - Electrical/Electronics Industry Robotics Volume (Units), 2012 - 2022
Figure 4-8: Global - Forecast for Electrical/Electronics Industry Robotics Volume (Units), 2023 - 2027
Figure 4-9: Global - Metal Industry Robotics Market (Million US$), 2012 - 2022
Figure 4-10: Global - Forecast for Metal Industry Robotics Market (Million US$), 2023 - 2027
Figure 4-11: Global - Metal Industry Robotics Volume (Units), 2012 - 2022
Figure 4-12: Global - Forecast for Metal Industry Robotics Volume (Units), 2023 - 2027
Figure 4-13: Global - Chemical, Rubber and Plastics Industry Robotics Market (Million US$), 2012 - 2022
Figure 4-14: Global - Forecast for Chemical, Rubber and Plastics Industry Robotics Market (Million US$), 2023 - 2027
Figure 4-15: Global - Chemical, Rubber and Plastics Industry Robotics Volume (Units), 2012 - 2022
Figure 4-16: Global - Forecast for Chemical, Rubber and Plastics Industry Robotics Volume (Units), 2023 - 2027
Figure 4-17: Global - Food Industry Robotics Market (Million US$), 2012 - 2022
Figure 4-18: Global - Forecast for Food Industry Robotics Market (Million US$), 2023 - 2027
Figure 4-19: Global - Food Industry Robotics Volume (Units), 2012 - 2022
Figure 4-20: Global - Forecast for Food Industry Robotics Volume (Units), 2023 - 2027
Figure 4-21: Global - Others Industry Robotics Market (Million US$), 2012 - 2022
Figure 4-22: Global - Forecast for Others Industry Robotics Market (Million US$), 2023 - 2027
Figure 4-23: Global - Others Industry Robotics Volume (Units), 2012 - 2022
Figure 4-24: Global - Forecast for Others Industry Robotics Volume (Units), 2023 - 2027
Figure 4-25: Global - Unspecified Industry Robotics Market (Million US$), 2012 - 2022
Figure 4-26: Global - Forecast for Unspecified Industry Robotics Market (Million US$), 2023 - 2027
Figure 4-27: Global - Unspecified Industry Robotics Volume (Units), 2012 - 2022
Figure 4-28: Global - Forecast for Unspecified Industry Robotics Volume (Units), 2023 - 2027
Figure 5-1: Global - Handling Application Industry Robotics Volume (Thousand Units), 2015 - 2022
Figure 5-2: Global - Forecast for Handling Application Industry Robotics Volume (Thousand Units), 2023 - 2027
Figure 5-3: Global - Welding Application Industry Robotics Volume (Thousand Units), 2015 - 2022
Figure 5-4: Global - Forecast for Welding Application Industry Robotics Volume (Thousand Units), 2023 - 2027
Figure 5-5: Global - Assembling Application Industry Robotics Volume (Thousand Units), 2015 - 2022
Figure 5-6: Global - Forecast for Assembling Application Industry Robotics Volume (Thousand Units), 2023 - 2027
Figure 5-7: Global - Cleanroom Application Industry Robotics Volume (Thousand Units), 2015 - 2022
Figure 5-8: Global - Forecast for Cleanroom Application Industry Robotics Volume (Thousand Units), 2023 - 2027
Figure 5-9: Global - Dispensing Application Industry Robotics Volume (Thousand Units), 2015 - 2022
Figure 5-10: Global - Forecast for Dispensing Application Industry Robotics Volume (Thousand Units), 2023 - 2027
Figure 5-11: Global - Processing Application Industry Robotics Volume (Thousand Units), 2015 - 2022
Figure 5-12: Global - Forecast for Processing Application Industry Robotics Volume (Thousand Units), 2023 - 2027
Figure 5-13: Global - All others/Unspecified Application Industry Robotics Volume (Thousand Units), 2015 - 2022
Figure 5-14: Global - Forecast for All others/Unspecified Application Industry Robotics Volume (Thousand Units), 2023 - 2027
Figure 7-1: KUKA AG - Robotics Sales (Million US$), 2010 - 2022
Figure 7-2: KUKA AG - Forecast for Robotics Sales (Million US$), 2023 - 2027
Figure 7-3: Adept Technology - Robotics Sales (Million US$), 2010 - 2015
Figure 7-4: iRobot Corporation - Robotics Sales (Million US$), 2010 - 2022
Figure 7-5: iRobot Corporation - Forecast for Robotics Sales (Million US$), 2023 - 2027
Figure 7-6: Intuitive Surgical - Robotics Sales (Million US$), 2010 - 2022
Figure 7-7: Intuitive Surgical - Forecast for Robotics Sales (Million US$), 2023 - 2027
Figure 7-8: Nachi-Fujikoshi Corp. - Robotics Sales (Million US$), 2010 - 2022
Figure 7-9: Nachi-Fujikoshi Corp. - Forecast for Robotics Sales (Million US$), 2023 - 2027
Figure 7-10: Yaskawa Electric Corporation - Robotics Sales (Million US$), 2010 - 2022
Figure 7-11: Yaskawa Electric Corporation - Forecast for Robotics Sales (Million US$), 2023 - 2027
Figure 7-12: ABB - Robotics & Discrete Automation Sales (Million US$), 2017 - 2022
Figure 7-13: ABB - Forecast for Robotics & Discrete Automation Sales (Million US$), 2023 - 2027
Figure 7-14: FANUC Corporation - Robot Sales (Million US$), 2011 - 2022
Figure 7-15: FANUC Corporation - Forecast for Robot Sales (Million US$), 2023 - 2027
Figure 7-16: Mitsubishi Electric Corporation - Industrial Automation Systems Sales (Million US$), 2012 - 2022
Figure 7-17: Mitsubishi Electric Corporation - Forecast for Industrial Automation Systems Sales (Million US$), 2023 - 2027
Figure 7-18: Denso Corporation - Total Sales (Million US$), 2012 - 2022
Figure 7-19: Denso Corporation - Forecast for Total Sales (Million US$), 2023 - 2027
Figure 7-20: Seiko Epson Corporation - Robotics Solution Sales (Million US$), 2015 - 2022
Figure 7-21: Seiko Epson Corporation - Forecast for Robotics Solution Sales (Million US$), 2023 - 2027

Global Industrial Robotics Market and Volume by Segment, Application, Geographical Distribution, Recent Developments, and Key Players Robotics Division Sales Analysis - Forecast to 2027