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Global Industrial Robotics Market Size & Share Report, 2030

Industrial Robotics Market Size, Share & Trends Report

Industrial Robotics Market Size, Share & Trends Analysis Report By Application (Handling, Assembling, Processing), By End-Use (Automotive, Electronics), By Region, And Segment Forecasts, 2023 - 2030

Report ID: 978-1-68038-160-3
Number of Report Pages: 163
Format: PDF, Horizon Databook

Historical Range: 2018 - 2021
Forecast Period: 2023 - 2030
Industry: Technology

Report Overview

The global industrial robotics market was valued at USD 26.52 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.5% from 2023 to 2030. The growing trend of Industry 4.0 is driving the use of robotics and smart manufacturing in the industrial sector. Manufacturers are expanding their factories to cater to the growing demand for industrial robotics. For instance, in December 2022, ABB Ltd. opened a new mega robotics factory for production and research in Shanghai, China. The company invested around USD 150 million to launch the 67,000-square-meter factory.

U.S. industrial robotics market size, by application, 2020 - 2030 (USD Billion)

Moreover, companies are developing robots with advanced technologies and modern features due to the growing industrial sector and its complex processes. For instance, in June 2022, Epson Robotics launched its GX4 and GX8 SCARA robotics series. The company announced that the robots would provide multiple arm support and offer high precision task accuracy for complex handling tasks. Technological advancements of similar nature are expected to drive market growth during the forecast period.

The rising trend of electric automobiles among new car owners remains promising, given the cost-benefit. It is expected to significantly impact the industrial robotics industry as car manufacturers have begun using automated robotic systems for the high-volume production of vehicles. For instance, in December 2022, Kuka AG completed the delivery of its industrial arm robots to Tesla Inc. to help the company mass produce its electric vehicles. Similarly, other major automobile companies are also using automated robotic solutions, thus driving the demand for industrial robotics.

The incorporation of machine learning and artificial intelligence technologies in industrial robots is positively influencing the business sector. Further, the introduction of 5G technology is also expected to encourage the use of robotics in the manufacturing sector. The low latency of the 5G network allows instantaneous communication between the systems for efficient coordination and connectivity. For instance, the release of an industrial 5G wireless network technology by the Nokia Corporation is a prominent cause of the adoption of robotics.

Moreover, the rising labor and factory insurance costs are expected to drive the introduction of industrial robotics for economical and effective resource allocation with minimal downtimes. For instance, in October 2022, the cost of labor in the U.S. increased at a notable rate. Additionally, the use of robotic systems significantly reduces the error rate while simultaneously increasing the rate of output. Hence, manufacturers are integrating automated robotic systems to increase their operational efficiency and profit margins.

COVID-19 Impact Analysis

The COVID-19 pandemic had a significant impact on the growth of the market. Following the outbreak, there has been a rising demand for automated systems and robots, which has created new opportunities in the market. Since the robots require minimal to no human input, the threat of potentially transmitting the virus remained low. In addition, industries doubled down on their automation plans for the future following the unforeseen shutdowns due to the pandemic, thus driving the market for industrial robotics.

Application Insights

The handling application segment dominated the market share in 2022 while grossing more than 40% revenue share. The segment growth is attributed to the rising trend of e-commerce shopping and quick deliveries. For instance, in June 2022, Amazon.com, Inc. unveiled an autonomous robot for handling and moving packages in the company facilities. The robots can handle materials without any human intervention and significantly reduces the error rate. Moreover, rapidly developing industries such as automotive and electronic use handling robots to move around small or heavy materials on the factory floor safely and expeditiously.

The processing application segment is anticipated to grow at the fastest CAGR of over 20% over the forecast period from 2023 to 2030. The segment’s growth can be attributed to the minimal errors in their use in painting, cutting, and other processes. These types of robots are gaining traction as they can operate around the clock owing to their set programming. Furthermore, robots can enter minute spaces and operate where human labor cannot.

End-Use Insights

The electrical/electronic end-use segment accounted for a significant market share of over 25% in 2022. The segment dominated due to its ability to perform various tasks, such as dispensing, insertion, labeling, and screw driving, with high repeatability. The increased adoption of such industrial robots will be led by innovations coupled with rising research and development efforts by market players to improve productivity, cost-efficiency, and low-manufacturing overheads. The increasing competition in the market with the emergence of various technology disruptors is expected to strengthen the segment outlook over the forecast period.

The chemical, rubber, & plastics end-use segment is expected to grow at the highest CAGR of over 12% over the forecast period. The segment’s growth can be attributed to the need to maintain consistency in tasks such as measurement and testing. Moreover, robotics can handle toxic materials without the risk of health deterioration.

In July 2022, Hibot Corp. used its Float Arm robot to inspect pipelines that were difficult to access and unsafe for workers at the Mitsui Chemical plant in Japan. Such type of applications increases the demand for industrial robotics as companies need not put their workforce at risk and can maintain their manufacturing output.

Regional Insights

The Asia Pacific dominated the industrial robotics industry in 2022 and contributed toward a share of over 65%. The region is expected to dominate throughout the forecast period as well. Asia Pacific region is home to a large number of industries and factories which use industrial robots for manufacturing processes. Besides, the growing inclination toward automation, artificial intelligence, and the evolution of other advanced technologies is providing significant growth potential for the regional market.

Podcasting Market Trends, by Region, 2023 - 2030

Middle East & Africa is anticipated to grow at the highest CAGR of over 20% during the forecast period. The regional market growth is attributed to the increasing industrial initiatives by government entities in the region. For instance, in September 2022, the crown prince of Dubai launched The Dubai Robotics and Automation Program to boost robotics in the country. Under the program, around 200,000 robots will be provided to industrial and logistics sectors to increase their production capabilities.

Key Companies & Market Share Insights

The key players in the market use strategies, such as partnerships, acquisitions, ventures, innovations, R&D, and geographical expansions, to solidify their industry position. Companies are also focusing on improving their product offerings to better suit the changing needs of users to stay competitive. For instance, in September 2022, Doosan Robotics partnered with Industrial Automation Supply to be its reseller partner in the northeast U.S. Such partnerships help increase the potential market for companies in the industry.

Furthermore, key companies are expanding their portfolio by launching new products or by significantly developing existing products in their portfolio. For instance, in November 2022, Epson America, Inc. announced the expansion of the VT6L-Series through the launch of the VT6L-DC All-in-One 6-Axis Robot. The newly launched product is ideal for mobile solutions and delivers next-level technology that helps to improve operational efficiency. Some prominent players in the global industrial robotics market include:

ABB Ltd.
Yaskawa Electric Corporation
Mitsubishi Electric Corporation
Nachi-Fujikoshi Corp.
Comau SpA
KUKA AG
Fanuc Corporation
Denso Corporation
Kawasaki Heavy Industries, Ltd.
Omron Corporation

Industrial Robotics Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 30.19 billion
Revenue forecast in 2030	USD 60.56 billion
Growth rate	CAGR of 10.5% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030
Quantitative units	Volume in thousand units, revenue in USD million, CAGR from 2023 to 2030
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, trends
Segments covered	Application, end-use, region
Regional scope	North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country scope	U.S.; Canada; U.K.; Germany; Italy; France; Spain; China; Japan; South Korea; India; Brazil; Mexico; Saudi Arabia; South Africa
Key companies profiled	ABB Ltd.; Yaskawa Electric Corporation; Mitsubishi Electric Corporation; Nachi-Fujikoshi Corp.; Comau SpA; KUKA AG; Fanuc Corporation; Denso Corporation; Kawasaki Heavy Industries, Ltd.; Omron Corporation
Customization scope	Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options

Global Industrial Robotics Market Report Segmentation

The report forecasts volume and revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global industrial robotics market report based on application, end-use, and region:

Global Industrial Robotics Market Report Segmentation

Industrial Robotics Application Outlook (Revenue, USD Million, 2018 - 2030)
- Handling
- Assembling & Disassembling
- Welding & Soldering
- Cleanroom
- Dispensing
- Processing
- Others
Industrial Robotics End-Use Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)
- Automotive
- Electrical/Electronics
- Metal/Heavy Machinery
- Chemical, Rubber, & Plastics
- Food
- Others
Industrial Robotics Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)
- North America
  - U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
- Asia Pacific
  - China
  - India
  - Japan
  - South Korea
- Latin America
  - Brazil
  - Mexico
- Middle East & Africa
  - Saudi Arabia
  - South Africa

Frequently Asked Questions About This Report

How big is the industrial robotics market?

b. The global industrial robotics market size was estimated at USD 26.52 billion in 2022 and is expected to reach USD 30.19 billion in 2023.

What is the industrial robotics market growth?

b. The global industrial robotics market is expected to grow at a compound annual growth rate of 10.5% from 2023 to 2030 to reach USD 60.56 billion by 2030.

Which segment accounted for the largest industrial robotics market share?

b. The electrical application segment dominated the global industrial robotics market with a share of over 25% in 2022. This is attributed to the growing need to integrate the advanced electronics in new cars.

Who are the key players in industrial robotics market?

b. Some of the key players in the global industrial robotics market include Adept Technology Inc.; Fanuc Robotics Company; Kuka AG; Mitsubishi Electric Corporation; Yamaha Motor Company; and Yaskawa Electric Corporation.

What are the factors driving the industrial robotics market?

b. Key factors that are driving the market growth include increasing use for non-automotive applications, demand from emerging countries, and improved productivity and cost reduction benefits.

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Table of Contents

Chapter 1 Industrial Robotics Market: Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Industrial Robotics Market: Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Industrial Robotics Industry Outlook
3.1 Market Segmentation and Scope
3.2 Industrial Robotics Market - Value Chain Analysis
3.3 Industrial Robotics Market - Market Dynamics
3.3.1 Market driver analysis
3.3.1.1 Increasing penetration of collaborative robots
3.3.1.2 The rapid shift towards smart manufacturing
3.3.1.3 Rapid adoption of automation among emerging economies
3.3.2 Market challenge analysis
3.3.2.1 High initial investments & maintenance cost
3.4 Industrial Robotics Market - Porter’s Five Forces Analysis
3.5 Industrial Robotics Market - PESTEL Analysis
Chapter 4 Industry Robotics Application Outlook
4.1 Industrial Robotics Market Share By Application, 2018 - 2030 (USD Million)
4.2 Application Movement Analysis & Market Share, 2022 & 2030
4.3 Industrial Robotics Market Estimates & Forecast, By Application (USD Million)
4.3.1 Handling
4.3.2 Assembling & Disassembling
4.3.3 Welding & Soldering
4.3.4 Cleanroom
4.3.5 Dispensing
4.3.6 Processing
4.3.7 Others
Chapter 5 Industrial Robotics End-Use Outlook
5.1 Industrial Robotics Market Share By End-Use, 2018 - 2030 (USD Million)
5.2 End-Use Movement Analysis & Market Share, 2022 & 2030
5.3 Industrial Robotics Market Estimates & Forecast, By End-Use (USD Million) (Thousand Units)
5.3.1 Automotive
5.3.2 Electrical/Electronic
5.3.3 Metal/Heavy Soldering
5.3.4 Chemical, Rubber, & Plastics
5.3.5 Food
5.3.6 Others
Chapter 6 Industrial Robotics Regional Outlook
6.1 Industrial Robotics Market Share By Region, 2022 & 2030
6.2 North America
6.2.1 North America industrial robotics market, 2018 - 2030
6.2.2 U.S.
6.2.2.1 U.S. industrial robotics market, 2018 - 2030 (USD Million)
6.2.3 Canada
6.2.3.1 Canada industrial robotics market, 2018 - 2030 (USD Million)
6.3 Europe
6.3.1 Europe industrial robotics market, 2018 - 2030
6.3.2 U.K.
6.3.2.1 U.K. industrial robotics market, 2018 - 2030 (USD Million)
6.3.3 Germany
6.3.3.1 Germany industrial robotics market, 2018 - 2030 (USD Million)
6.3.4 Italy
6.3.4.1 Italy industrial robotics market, 2018 - 2030 (USD Million)
6.3.5 France
6.3.5.1 France industrial robotics market, 2018 - 2030 (USD Million)
6.3.6 Spain
6.3.6.1 Spain industrial robotics market, 2018 - 2030 (USD Million)
6.4 Asia Pacific
6.4.1 Asia Pacific industrial robotics market, 2018 - 2030
6.4.2 China
6.4.2.1 China industrial robotics market, 2018 - 2030 (USD Million)
6.4.3 Japan
6.4.3.1 Japan industrial robotics market, 2018 - 2030 (USD Million)
6.4.4 South Korea
6.4.4.1 South Korea industrial robotics market, 2018 - 2030 (USD Million)
6.4.5 India
6.4.5.1 India industrial robotics market, 2018 - 2030 (USD Million)
6.5 Latin America
6.5.1 Latin America industrial robotics market, 2018 - 2030
6.5.2 Brazil
6.5.2.1 Brazil industrial robotics market, 2018 - 2030 (USD Million)
6.5.3 Mexico
6.5.3.1 Mexico industrial robotics market, 2018 - 2030 (USD Million)
6.6 MEA
6.6.1 MEA industrial robotics market, 2018 - 2030
6.6.2 Saudi Arabia
6.6.2.1 Saudi Arabia industrial robotics market, 2018 - 2030 (USD Million)
6.6.3 South Africa
6.6.3.1 South Africa industrial robotics market, 2018 - 2030 (USD Million)
Chapter 7 Competitive Landscape
7.1 Key Market Participants
7.1.1 ABB Ltd.
7.1.2 Yaskawa Electric Corporation
7.1.3 Mitsubishi Electric Corporation
7.1.4 Nachi-Fujikoshi Corp.
7.1.5 Comau SpA
7.1.6 KUKA AG
7.1.7 Fanuc Corporation
7.1.8 Denso Corporation
7.1.9 Kawasaki Heavy Industries, Ltd.
7.1.10 Omron Corporation
7.2 Recent Developments & Impact Analysis, By Key Market Participants
7.3 Company Categorization
7.4 Participant’s Overview
7.5 Financial Performance
7.6 Product Benchmarking
7.7 Company Heat Map Analysis
7.8 Company Market Share Analysis, 2022
7.9 Strategy Mapping
7.9.1 Expansion
7.9.2 Mergers & acquisitions
7.9.3 Collaborations
7.9.4 New product launches
7.9.5 Research & development

List of Tables

TABLE 1 Industrial robotics market - key market driver impact
TABLE 2 Key market restraint/challenges impact
TABLE 3 Global industrial robotics market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
TABLE 4 Global industrial robotics market revenue estimates and forecast, by end-use, 2018 - 2030 (USD Million)
TABLE 5 Global industrial robotics market revenue estimates and forecast, by end-use, 2018 - 2030 (Thousand Units)
TABLE 6 Company heat map analysis
TABLE 7 Key companies undergoing expansion
TABLE 8 Key companies involved in mergers & acquisitions
TABLE 9 Key companies involved in collaborations
TABLE 10 Key companies' new product launches
TABLE 11 Key companies' research & development

List of Figures

FIG. 1 Market snapshot
FIG. 2 Information procurement
FIG. 3 Data analysis models
FIG. 4 Market formulation and validation
FIG. 5 Data validating & publishing
FIG. 6 Market snapshot
FIG. 7 Segment snapshot
FIG. 8 Competitive landscape snapshot
FIG. 9 Industrial robotics market value, 2022 & 2030 (USD Million) (Thousand Units)
FIG. 10 Key opportunity analysis
FIG. 11 Industry value chain analysis
FIG. 12 Market dynamics
FIG. 13 Porter’s analysis
FIG. 14 PESTEL analysis
FIG. 15 Industrial robotics market, by application, key takeaways
FIG. 16 Industrial robotics market, by application, market share, 2022 & 2030
FIG. 17 Handling market estimates & forecasts, 2018 - 2030 (USD Million)
FIG. 18 Assembling & disassembling market estimates & forecasts, 2018 - 2030 (USD Million)
FIG. 19 Welding & soldering market estimates & forecasts, 2018 - 2030 (USD Million)
FIG. 20 Cleanroom market estimates & forecasts, 2018 - 2030 (USD Million)
FIG. 21 Dispensing market estimates & forecasts, 2018 - 2030 (USD Million)
FIG. 22 Processing market estimates & forecasts, 2018 - 2030 (USD Million)
FIG. 23 Others market estimates & forecasts, 2018 - 2030 (USD Million)
FIG. 24 Industrial robotics market, by end-use, key takeaways
FIG. 25 Industrial robotics market, by end-use, market share, 2022 & 2030
FIG. 26 Automotive market estimates & forecasts, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 27 Electric/Electronics market estimates & forecasts, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 28 Metal/Heavy Machinery market estimates & forecasts, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 29 Chemical market estimates & forecasts, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 30 Food market estimates & forecasts, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 31 Others market estimates & forecasts, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 32 Industrial robotics market revenue, by region, 2022 & 2030, (USD Million)
FIG. 33 North America industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 34 U.S. industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 35 Canada industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 36 Europe industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 37 U.K. industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 38 Germany industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 39 Italy industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 40 France industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 41 Spain industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 42 Asia Pacific industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 43 China industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 44 Japan industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 45 South Korea industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 46 India industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 47 Latin America industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 48 Brazil industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 49 Mexico industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 50 MEA industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 51 Saudi Arabia industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 52 South Africa industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 53 Company market share analysis, 2022
FIG. 54 Strategic framework

Market Segmentation

Industrial Robotics Application Outlook (Revenue, USD Million, 2018 - 2030)
- Handling
- Assembling & disassembling
- Welding & Soldering
- Cleanroom
- Dispensing
- Processing
- Others
Industrial Robotics End-Use Outlook (Volume, Thousand Units, Revenue, USD Million, 2018 - 2030)
- Automotive
- Electrical/Electronics
- Metal/Heavy Machinery
- Chemical, Rubber, & Plastics
- Food
- Others
Industrial Robotics Regional Outlook (Volume, Thousand Units, Revenue, USD Million, 2018 - 2030)
- North America
  - North America Industrial Robotics Market, by Application
    - Handling
    - Assembling & disassembling
    - Welding & Soldering
    - Cleanroom
    - Dispensing
    - Processing
    - Others
  - North America Industrial Robotics Market, by End-Use
    - Automotive
    - Electrical/Electronics
    - Metal/Heavy Machinery
    - Chemical, Rubber, & Plastics
    - Food
    - Others
  - U.S.
    - U.S. Industrial Robotics Market, by Application
      - Handling
      - Assembling & disassembling
      - Welding & Soldering
      - Cleanroom
      - Dispensing
      - Processing
      - Others
    - U.S. Industrial Robotics Market, by End-Use
      - Automotive
      - Electrical/Electronics
      - Metal/Heavy Machinery
      - Chemical, Rubber, & Plastics
      - Food
      - Others
  - Canada
    - Canada Industrial Robotics Market, by Application
      - Handling
      - Assembling & disassembling
      - Welding & Soldering
      - Cleanroom
      - Dispensing
      - Processing
      - Others
    - Canada Industrial Robotics Market, by End-Use
      - Automotive
      - Electrical/Electronics
      - Metal/Heavy Machinery
      - Chemical, Rubber, & Plastics
      - Food
      - Others
- Europe
- Asia Pacific
  - Asia Pacific Industrial Robotics Market, by Application
    - Handling
    - Assembling & disassembling
    - Welding & Soldering
    - Cleanroom
    - Dispensing
    - Processing
    - Others
  - Asia Pacific Industrial Robotics Market, by End-Use
    - Automotive
    - Electrical/Electronics
    - Metal/Heavy Machinery
    - Chemical, Rubber, & Plastics
    - Food
    - Others
  - China
  - Japan
    - Japan Industrial Robotics Market, by Application
      - Handling
      - Assembling & disassembling
      - Welding & Soldering
      - Cleanroom
      - Dispensing
      - Processing
      - Others
    - Japan Industrial Robotics Market, by End-Use
      - Automotive
      - Electrical/Electronics
      - Metal/Heavy Machinery
      - Chemical, Rubber, & Plastics
      - Food
      - Others
  - South Korea
    - South Korea Industrial Robotics Market, by Application
      - Handling
      - Assembling & disassembling
      - Welding & Soldering
      - Cleanroom
      - Dispensing
      - Processing
      - Others
    - South Korea Industrial Robotics Market, by End-Use
      - Automotive
      - Electrical/Electronics
      - Metal/Heavy Machinery
      - Chemical, Rubber, & Plastics
      - Food
      - Others
  - India
    - India Industrial Robotics Market, by Application
      - Handling
      - Assembling & disassembling
      - Welding & Soldering
      - Cleanroom
      - Dispensing
      - Processing
      - Others
    - India Industrial Robotics Market, by End-Use
      - Automotive
      - Electrical/Electronics
      - Metal/Heavy Machinery
      - Chemical, Rubber, & Plastics
      - Food
      - Others
- Latin America
  - Latin America Industrial Robotics Market, by Application
    - Handling
    - Assembling & disassembling
    - Welding & Soldering
    - Cleanroom
    - Dispensing
    - Processing
    - Others
  - Latin America Industrial Robotics Market, by End-Use
    - Automotive
    - Electrical/Electronics
    - Metal/Heavy Machinery
    - Chemical, Rubber, & Plastics
    - Food
    - Others
  - Brazil
    - Brazil Industrial Robotics Market, by Application
      - Handling
      - Assembling & disassembling
      - Welding & Soldering
      - Cleanroom
      - Dispensing
      - Processing
      - Others
    - Brazil Industrial Robotics Market, by End-Use
      - Automotive
      - Electrical/Electronics
      - Metal/Heavy Machinery
      - Chemical, Rubber, & Plastics
      - Food
      - Others
  - Mexico
    - Mexico Industrial Robotics Market, by Application
      - Handling
      - Assembling & disassembling
      - Welding & Soldering
      - Cleanroom
      - Dispensing
      - Processing
      - Others
    - Mexico Industrial Robotics Market, by End-Use
      - Automotive
      - Electrical/Electronics
      - Metal/Heavy Machinery
      - Chemical, Rubber, & Plastics
      - Food
      - Others
- MEA
  - MEA Industrial Robotics Market, by Application
    - Handling
    - Assembling & disassembling
    - Welding & Soldering
    - Cleanroom
    - Dispensing
    - Processing
    - Others
  - MEA Industrial Robotics Market, by End-Use
    - Automotive
    - Electrical/Electronics
    - Metal/Heavy Machinery
    - Chemical, Rubber, & Plastics
    - Food
    - Others
  - Saudi Arabia
    - Saudi Arabia Industrial Robotics Market, by Application
      - Handling
      - Assembling & disassembling
      - Welding & Soldering
      - Cleanroom
      - Dispensing
      - Processing
      - Others
    - Saudi Arabia Industrial Robotics Market, by End-Use
      - Automotive
      - Electrical/Electronics
      - Metal/Heavy Machinery
      - Chemical, Rubber, & Plastics
      - Food
      - Others
  - South Africa
    - South Africa Industrial Robotics Market, by Application
      - Handling
      - Assembling & disassembling
      - Welding & Soldering
      - Cleanroom
      - Dispensing
      - Processing
      - Others
    - South Africa Industrial Robotics Market, by End-Use
      - Automotive
      - Electrical/Electronics
      - Metal/Heavy Machinery
      - Chemical, Rubber, & Plastics
      - Food
      - Others

Industrial Robotics Market Dynamics

Driver: Increasing adoption of collaborative robots

The higher demand for collaborative robots in various industrial applications is attributable to the factors such as the high payload-carrying capacity of co-bots as the co-bots operate as an assisting device to humans and assist in increasing the efficiency, along with the quality of work done. Various countries across the globe are intensely reviving the electronics and consumer goods industries, in turn, catalyzing the demand for co-bots. In addition, small and medium enterprises usually emphasize a higher return on investment amenities. Thus, affordable co-bots are effectively grabbing the attention of such SMEs and driving the overall collaborative robots market at a considerable pace.

Driver: Rapid shift towards smart manufacturing

The upsurge in investment and ongoing development in the manufacturing sector is anticipated to propel the growth of the market incumbents. Industries, including automotive, electronics, and metal & heavy machinery, are increasingly automating and transforming their manufacturing process. Electrical & electronics and automotive industry vertical’s annual installations dominate the market share for industrial robotics owing to the higher demand for electrical & electronic products and automobiles across the globe.

Challenge: High initial investments & maintenance cost

The adoption of industrial automation is a big investment. The automation system involves heavy equipment, automation tools, hardware, and software. Robots forms to be important automation equipment, which is costlier and requires a high initial investment for set-up. Understanding the big initial investment required to integrate automated robotics in a business is significant. Especially when the business owners currently limit their spending to new, advanced robotic equipment. The expenditure on installing a robotic automation system has to be estimated while discussing & finalizing the business’ financial budget. Additionally, the regular maintenance needed to maintain the equipment and the entire set-up is again an add-on to this spending.

What Does This Report Include?

This section will provide insights into the contents included in this industrial robotics market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Industrial robotics market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Industrial robotics market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

Research Methodology

A three-pronged approach was followed for deducing the industrial robotics market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for industrial robotics market to gather the most reliable and current information possible.

We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of industrial robotics market data depending on the type of information we’re trying to uncover in our research.

Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Industrial Robotics Market Categorization:

The industrial robotics market was categorized into three segments, namely application (Handling, Assembling & Disassembling, Welding & Soldering, Cleanroom, Dispensing, Processing), end-use (Automotive, Electrical/Electronics, Metal/Heavy Machinery, Chemical, Rubber, & Plastics, Food), and regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).

Segment Market Methodology:

The industrial robotics market was segmented into application, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The industrial robotics market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fifteen countries, namely, the U.S.; Canada; the UK; Germany; Italy; France; Spain; China; Japan; South Korea; India; Brazil; Mexico; Saudi Arabia; and South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Industrial robotics market companies & financials:

The industrial robotics market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

ABB Ltd. - ABB Ltd. is involved in the sustainable electrification, process automation, robotics & discrete automation, and drives & motor verticals.
Yaskawa Electric Corporation - Yaskawa Electric Corporation is involved in products and solutions for robotics, AC drives, system engineering, machine controllers, and the energy vertical.
Mitsubishi Electric Corporation - Mitsubishi Electric Corporation is involved in the electronic vertical and manufactures electric systems for automation, building, energy, among others.
Nachi-Fujikoshi Corp. - Nachi-Fujikoshi Corp. is involved in the manufacturing process vertical for which it provides various tools, technology, and robots. The company is also involved in the engineering, materials, heat, and component verticals.
Comau SpA - Comau SpA is majorly involved in the industrial automation vertical for which it provides various automation technologies and solutions. The company is futher involved in the body assembly, powertrain & machining, robotics & automation, electromobility, and consultancy & education verticals.
KUKA AG - KUKA AG is predominantly involved in manufacturing robots & systems for industrial and factory automation. The compny is futher present in the automotive, automated house building, e-commerce, electronics, healthcare, consumer goods, and metal verticals.
Fanuc Corporation - Fanuc Corporation is primarily involved in the factory automation vertical. The company provides products such as sensors, robots, and IoT products used in factory automation. The company is also involved in the services vertical for which it provides maintenance and to reduction of down time services.
Denso Corporation - Denso Corporation is involved in the automotive component vertical and also the mobility, semiconductor, automotive, thermal, and power train verticals, among others.
Kawasaki Heavy Industries, Ltd. - Kawasaki Heavy Industries, Ltd. is involved in the hydraulic component, robotic, industrial plant, recycling, construction, oil & gas verticals, among others.
Omron Corporation - Omron Corporation is involved in the industrial automation, healthcare, social system, and electronic component verticals.

Value chain-based sizing & forecasting

Supply Side Estimates

Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
revenue/volume
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis

Industrial Robotics Market Report Objectives:

Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Industrial Robotics Market Report Assumptions:

The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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