Industrial Robotics Market Size, Share, Analysis, Trends, Growth Report, 2030

Industrial Robotics Market

Industrial Robotics Market By Application (Handling, Processing, Welding & Soldering, Assembling & Disassembling, and Dispensing), By End-Use (Automotive, Chemical Rubber & Plastics, Food & Beverages, Electrical & Electronics, Machinery, and Others), and By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030

Category: Technology & Media Report Format : PDF Pages: 224 Report Code: ZMR-3461 Published Date: Aug-2023 Status : Published
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 21.45 Billion USD 45.17 Billion 9.74% 2022

Industrial Robotics Industry Prospective:

The global industrial robotics market size was evaluated at $21.45 billion in 2022 and is slated to hit $45.17 billion by the end of 2030 with a CAGR of nearly 9.74% between 2023 and 2030.

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Industrial Robotics Market: Overview

An industrial robot is an automated equipment that is fed with data and programmed for executing events related to production in manufacturing units in an automated manner. Reportedly, the product is developed for automating and increasing production like those needed by a consistently moving assembly line. The industrial robots are programmed as well as reprogrammed as per the requirements of the factories and production units. For the record, industrial robots help in enhancing output while reducing operating costs and producing high-quality products in an automated way. There are various kinds of robots used in the industry including SCARA, Cartesian, Collaborative, Cylindrical, and Articulated robots.

Key Insights

  • As per the analysis shared by our research analyst, the global industrial robotics market is projected to expand annually at the annual growth rate of around 16.1% over the forecast timespan (2023-2030)
  • In terms of revenue, the global industrial robotics market size was evaluated at nearly $21.45 billion in 2022 and is expected to reach $45.17 billion by 2030.
  • The global industrial robotics market is anticipated to record massive growth over the forecast period owing to the shortage of labor and high labor costs in the production sector.
  • In terms of application, the processing segment is slated to register the fastest CAGR over the analysis period.
  • Based on the end-use, the electrical & electronics segment is predicted to lead the segmental surge over the forecast timeline.
  • Region-wise, the Middle East & Africa industrial robotics market is projected to register the highest CAGR during the assessment timeline.

Global Industrial Robotics Market SizeRequest Free Sample

Industrial Robotics Market: Growth Factors

High wages of labor can prompt the expansion of the market across the globe

Shortage of labor and high labor costs in the production sector will prop up the expansion of the global industrial robotics market in the coming years. An industry 4.0 revolution has culminated in massive demand for robotics and smart manufacturing activities, thereby driving global market trends. Furthermore, industry players have set up new units for manufacturing industrial robots, thereby paving the way for the expansion of the market space. For instance, in the last quarter of 2022, ABB Limited, a key tech firm providing apt solutions to utilities, transport, and infrastructure sectors globally, established a new industrial robotics unit in China.

In addition to this, new product launches will further steer the expansion of the global market in the coming years. Citing an instance, in March 2022, Mitsubishi Electric Corporation, a Japan-based firm manufacturing electronics & electrical devices, announced its plans to launch industrial robots in 2023 for performing industrial tasks in food-processing units. Apart from this, in May 2023, Schaeffer, a key tech firm specializing in industrial & automotive solutions, demonstrated a slew of innovations for industrial automation & robotics industries under a theme at the Automate 2023 trade show held in Detroit, the U.S.

Industrial Robotics Market: Restraints

High installation costs can restrict the global industry expansion over 2023-2030

Huge costs of initially deploying the product along with a rise in the maintenance charges can put brakes on the global industrial robotics industry expansion. Low penetration of products in small & medium-sized firms owing to fewer returns on investments can further hinder global industry growth.

Industrial Robotics Market: Opportunities

Massive product penetration in the electrical & electronics sector to help the global market explore new growth facets

Rise in the automation in the electrical & electronics sector will open new growth opportunities for the global industrial robotics market. Furthermore, the inclusion of artificial intelligence and machine learning systems in industrial robots will lucratively impact the expansion of the global market. The launching of 5G systems will proliferate the application of robotics in the manufacturing sector and this will open new vistas of growth for the global market.

Industrial Robotics Market: Challenges

Less availability of skilled persons can be challenging for the global industry expansion

Low interoperability and lack of expertise can put up a big challenge for the global industrial robotics industry. Reportedly, making use of industrial robots needs a skilled workforce that possesses good programming skills along with experience in the effective maintenance of robots. Moreover, such a workforce incurs huge costs to the firm, thereby posing a huge challenge for global industry expansion.

Industrial Robotics Market: Segmentation

The global industrial robotics market is sectored into application, end-user, and region.

In application terms, the global industrial robotics market is segregated into handling, processing, welding & soldering, assembling & disassembling, and dispensing segments. Moreover, the processing segment, which garnered nearly 55% of the global market share in 2022, is projected to record the fastest CAGR in the ensuing years. The growth of the segment in the next few years can be subject to fewer errors incurred by industrial robots while performing painting and cutting processes.

Based on the end-use, the global industrial robotics industry is bifurcated into automotive, chemical rubber & plastics, food & beverages, electrical & electronics, machinery, and others segments. In addition to this, the electrical & electronics segment, which contributed majorly towards the global industry share in 2022, is set to establish segmental domination in the forecasting years.

The segmental elevation over the assessment timeline can be subject to the massive use of industrial robots for performing repetitive tasks such as dispensing, labeling, screw driving, and insertion in the electrical & electronics segment. Apart from this, the use of industrial robots in the electrical & electronics segment helps in improving output and reducing costs along with minimizing production overhead costs. Technological disruptions have also contributed significantly towards the segmental surge in recent years.

Industrial Robotics Market: Report Scope

Report Attributes Report Details
Report Name Industrial Robotics Market
Market Size in 2022 USD 21.45 Billion
Market Forecast in 2030 USD 45.17 Billion
Growth Rate CAGR of 9.74%
Number of Pages 224
Key Companies Covered Motoman, Kawasaki Heavy Industries Ltd., ABB Ltd., Nachi-Fujikoshi Corp., Mitsubishi Electric Corporation, Nippon, Staubli, Daihen Corporation, Fanuc Corporation, Panasonic Corporation, Denso Corporation, Omron Corporation, Epson Robots, Rockwell Automation Inc., KUKA AG, Yaskawa Electric Corporation, Siemens AG, Dixon Automatic Tool Inc., Seiko Epson Corporation, and Comau SpA.
Segments Covered By Application, By End-Use, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Industrial Robotics Market: Regional Insights

Asia-Pacific is likely to retain its dominant status in the global market over the assessment period

Asia-Pacific region, which accounted for 49% of the global industrial robotics market share in 2022, will be a leading region during the analysis timeline. Moreover, the expansion of the market in the Asia-Pacific zone over the forecast period can be attributed to the presence of a large number of factories in the countries such as Taiwan, South Korea, Japan, and China. Apart from this, the rising adoption of automation and AI in various sectors in the region has proliferated the expansion of the size of the market in the region.

The thriving electronics and automotive sector in the sub-continent will propel the expansion of the market space in the region. The government of these countries has supported the use of industrial robots by providing tax subsidies and funding to the manufacturers and such initiatives have promoted the expansion of the market in the region. Additionally, the presence of key players in the Asia-Pacific region will further embellish the regional market growth trends.

The Middle East & Africa industrial robotics industry is set to register the highest CAGR over the forecast timeline owing to favorable government schemes encouraging the use of industrial robots in oil & gas exploration and drilling as well as food processing activities in the countries of the Middle East region. In addition to this, use of the industrial robotics in the logistics sector will spearhead the expansion of the industry in the region. For instance, in the second half of 2020, the Prince of Dubai introduced The Dubai Robotics & Automation project in which nearly 2, 00,000 robots were to be provided to various logistics & industrial sectors to increase their production.

Industrial Robotics Market: Competitive Space

The global industrial robotics market profiles key players such as:

  • Motoman
  • Kawasaki Heavy Industries Ltd.
  • ABB Ltd.
  • Nachi-Fujikoshi Corp.
  • Mitsubishi Electric Corporation
  • Nippon
  • Staubli
  • Daihen Corporation
  • Fanuc Corporation
  • Panasonic Corporation
  • Denso Corporation
  • Omron Corporation
  • Epson Robots
  • Rockwell Automation Inc.
  • KUKA AG
  • Yaskawa Electric Corporation
  • Siemens AG
  • Dixon Automatic Tool Inc.
  • Seiko Epson Corporation
  • Comau SpA.

The global industrial robotics market is segmented as follows:

By Application 

  • Handling
  • Processing
  • Welding & Soldering
  • Assembling & Disassembling
  • Dispensing

By End-Use

  • Automotive
  • Chemical Rubber & Plastics
  • Food & Beverages
  • Electrical & Electronics
  • Machinery
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

An industrial robot is automated equipment that is fed with data and programmed for executing events related to production in manufacturing units in an automated manner. Reportedly, the product is developed for automating and increasing production like those needed by a consistently moving assembly line.

The global industrial robotics market growth is owing to the industry 4.0 revolution that has culminated in massive demand for robotics and smart manufacturing activities.

According to a study, the global industrial robotics industry size was $21.45 billion in 2022 and is projected to reach $45.17 billion by the end of 2030.

The global industrial robotics market is anticipated to record a CAGR of nearly 9.74% from 2023 to 2030.

The Middle East & Africa industrial robotics industry is set to register the highest CAGR over the forecasting timeline owing to favorable government schemes encouraging the use of industrial robots in oil & gas exploration and drilling as well as food processing activities in the countries of the Middle East region.

The global industrial robotics market is led by players such as Motoman, Kawasaki Heavy Industries, Ltd., ABB Ltd., Nachi-Fujikoshi Corp., Mitsubishi Electric Corporation, Nippon, Staubli, Daihen Corporation, Fanuc Corporation, Panasonic Corporation, Denso Corporation, Omron Corporation, Epson Robots, Rockwell Automation Inc., KUKA AG, Yaskawa Electric Corporation, Siemens AG, Dixon Automatic Tool Inc., Seiko Epson Corporation, and Comau SpA.

The industrial robotics market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.

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