Industrial Robotics Market
Industrial Robotics Market Size, Share, Industry Report 2023-2028
How Big is the Industrial Robotics Market?
The global industrial robotics market size reached US$ 15.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 34.4 Billion by 2028, exhibiting a growth rate (CAGR) of 13.98% during 2023-2028.
What is Industrial Robotics?
Industrial robotics comprises automated machines programmed to execute activities associated with industry production automatically. It assists in enhancing productivity and generating high-quality goods in automation applications while lowering costs. It is utilized for picking and placing objects, welding and soldering, assembling, material handling, and cutting and processing of goods. As a result, it is widely employed in automotive, food and beverages (F&B), healthcare, pharmaceutical, rubber and plastic, metals and machinery, and electrical and electronics industries across the globe.
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What are the growth prospects and trends in the industrial robotics industry?
Presently, the rising demand for industrial robots in the logistics sector to provide on-time delivery, reduce manual labor work and cost, and improve efficiency and production represents one of the key factors strengthening the market growth.
Moreover, the growing need for industrial robotics in the healthcare sector for cleaning and disinfection tasks, storage and distribution of medicines, and surgical assistance is offering a positive market outlook. In addition, the increasing demand for cost-effective and automated solutions for an effective workflow is bolstering the growth of the market.
Apart from this, the rising adoption of industrial robots in small and medium-sized enterprises (SMEs) around the world is offering lucrative growth opportunities to industry players. Furthermore, key players are introducing a series of selective compliance assembly robot arm (SCARA) robots that provide weighty payloads, high output, and smooth motion control, which is supporting the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
Articulated Robots
Cartesian Robots
SCARA Robots
Cylindrical Robots
Parallel Robots
Others
Breakup by Function:
Soldering and Welding
Materials Handling
Assembling and Disassembling
Painting and Dispensing
Milling, Cutting and Processing
Others
Breakup by End Use Industry:
Automotive
Electrical and Electronics
Chemical, Rubber and Plastics
Machinery and Metals
Food and Beverages
Precision and Optics
Pharmaceutical
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
ABB Ltd., DAIHEN Corporation, DENSO Corporation, FANUC, Kawasaki Heavy Industries Ltd., KUKA AG, Mitsubishi Electric Corporation, Nachi-Fujikoshi Corp., OMRON Corporation, Panasonic Corporation, Seiko Epson Corporation, Universal Robots A/S (Teradyne Inc.), Yamaha Motor Co. Ltd. and Yaskawa Electric Corporation
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