Industrial Robots Market Size was valued at USD 16.78 billion in 2022 and the total Market revenue is expected to grow at 12.3% from 2022 to 2030, reaching nearly USD 41.02 billion.
The increasing integration of automation and artificial intelligence (AI) in manufacturing has propelled the growth of the industrial robots market. These robots enhance precision, efficiency, and productivity in industries such as automotive, electronics, and healthcare. Advancements in collaborative robots (cobots) and AI-driven automation are driving adoption, reducing labor costs, and improving operational safety.
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The Industrial Robots Market Report is a product of in-depth research and analysis by our team of expert market analysts. It covers key factors shaping the Industrial Robots Market, including industry competition, consumer trends, and technological innovations. This report serves as a strategic resource for industry professionals, enabling informed decision-making and a competitive edge in a dynamic market. With comprehensive insights and actionable intelligence, the Industrial Robots Market Report provides valuable opportunities for growth and success in the industry.
Competitive Analysis
The Industrial Robots Market is highly competitive, with key players focusing on innovation, strategic partnerships, and mergers and acquisitions to strengthen their market positions. Notable companies include:
ABB (Switzerland)
YASKAWA ELECTRIC CORPORATION (Japan)
Mitsubishi Electric Corporation (Japan)
NACHI-FUJIKOSHI CORP. (Japan)
Comau SpA (Italy)
KUKA AG (Germany)
FANUC CORPORATION (Japan)
DENSO CORPORATION (Japan)
Kawasaki Heavy Industries, Ltd. (Japan)
Omron Corporation (Japan)
Key Benefits for Stakeholders
The Industrial Robots Market Report offers stakeholders a comprehensive suite of benefits, including quantitative analysis of market segments, trends, estimations, and dynamics from 2024 to 2032. It provides insights into key drivers, restraints, and opportunities, supported by Porter's Five Forces analysis for strategic decision-making. The report's segmentation analysis identifies market opportunities, while revenue mapping of major countries by region offers a detailed financial perspective. Additionally, it includes benchmarking and positioning of market players, along with an analysis of regional and global trends, key players, and growth strategies.
Recent Industry Developments
Compau SpA introduced a new Racer-5 SE industrial robot. It is used in vital industries such as pharmaceutical, health & beauty, food & beverages industry, and electronics sectors. It improves the production capacity, the productivity of operations, and good quality.
ABB introduced a new FlexPicker IRB 365 delta robot specifically designed for packing and picking applications with a capacity of 1.5 KG. These type of robots are used in packaging lightweight products such as peppers, candies, small bottles, and chocolates.
Mitsubishi Electric Corporation introduced an artificial intelligence (AI)-enabled industrial robots for food processing, and manufacturing sectors. It is used for improving the productivity of manufacturing operations. Additionally, these new systems are largely adopted in manufacturing sectors, and it reduces the timeline by the range of 5 hours to 60 hours.
Nachi-Fujikoshi Corp launched a new series of small cooperative robot named as “EZ” small robot. It is specifically designed for industries such as electronic, electrical, automotive, and general industrial machinery. It has features such as smart cable routing, having load capacity of 6 KGs, high speed, long durability, and highly precise operations.
FANUC introduced the newest collaborative robot, the CRX 10-iA. The new robot can perform highly functional tasks under a flip motion to perform repetitive tasks.
FANUC and BMW AG signed a framework agreement wherein FANUC will supply 3,500 robots for new production lines and plants. These robots will be deployed in developing the existing and future generations of BMW models.
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Drivers & Restrains
Drivers:
Increasing demand for automation in manufacturing processes to enhance productivity and reduce operational costs.
Technological advancements in robotics, including AI and machine learning, improving the capabilities and versatility of industrial robots.
Restraints:
High initial investment and integration costs associated with deploying industrial robots in existing operations.
Concerns about job displacement and the need for skilled workforce training affecting market adoption.
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