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Global Industrial robot market is valued at USD 51.74 Billion in 2019 and expected to reach USD 90.67 Billion by 2025 with the CAGR of 9.80% over the forecast period.
Increasing adoption of industrial robot in manufacturing sector is driving Industrial robot market.
Industrial robot is commonly referred to a robot arm used in a factory environment for manufacturing applications. Industrial robot is interconnected and jointed structure of various configurations. It is an automatically controlled, reprogrammable in three or more axes. Additionally, it is divided according to various criteria like, application, movement architecture and brand. The most commonly used configuration is articulated robots, SCARA robots, delta robots and Cartesian coordinate robotics.
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Global Industrial robot report covers prominent player,
ABB, The Yaskawa Electric Corporation, Midea Group (KUKA), The Fanuc Corporation, Kawasaki Heavy Industries, Epson Robots, Stäubli, Nachi Fujikoshi Corporation, Comau, Omron Adept Technology Inc. , other
Industrial robot market dynamics
Increasing number of different type of industries and growing demand & adoption of robot in industries are the major factor of driving the industrial robot market. In the recent years the automobile industry has rapidly increased and mainly concentrated on more use of technologically advanced devices for parts assembly. Additionally, industrialists are more focused on the qualitative product and reduce material wastage due to these reasons the companies are opting industrial robots in their work flows. For example, according international federation of robotics due to the high-revenue of automotive sector, global investments in industrial robots was increased by record-breaking 43 percent in between 2013-2014 within one year. Viewed on a cross-sector basis, the international market value for robotic systems lies at around 32 billion US dollars in 2016. However, high cost of deployment and Interoperability and integration issues with industrial robots these factors are restraining the industrial robot market. Moreover, technological advancement and increasing industrial sector are creating various opportunities in forecast period in industrial robot market.
Global industrial robot market report is segmented on the basis robot type, application, end user and region. Based upon robot type segment industrial robot market is divided into articulated, SCARA, cylindrical, Cartesian, parallel and others. Based upon application segment industrial robot market is pick & place, welding & soldering, material handling, assembling, cutting & processing and others. Based upon end user segment industrial robot market is divided into automotive, electrical & electronics, healthcare & pharmaceutical, food & beverages, rubber & plastic, metal & machinery and others. The regions covered in this Industrial robot market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global Industrial robot market Segmentation
By robot type: Articulated, SCARA, Cylindrical, Cartesian, Parallel, Others
By application: Pick & place, Welding & soldering, Material handling, Assembling, Cutting & processing, Others
By end user: Automotive, Electrical & electronics, Healthcare & pharmaceutical, Food & beverages, Rubber & plastic, Metal & machinery, Others
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
The Asia Pacific is emerging region in the industrial robot market
Rapidly increasing industrialization& atomization, increasing labor cost, awareness & adoption of industrial robot these are some factors anticipating increased demand for the industrial robot in the Asia Pacific region. For example, the international federation of robotics Asia has sold approximately 261,800 units sold in 2017, a rise of 37% more than the global sales volume of 2015 (253,300) was reached in this region. In the Asia Pacific China has most industrial robots demanded country due to the increasing use of technological advanced devices used in electronics & automotive industries. In addition, rapidly developing industrialization is boosting the industrial robotics market. For instance, approximately 137,900 industrial robots were sold to China in 2017, 59% more than in 2016. North America is an emerging region in the industrial robotics market. The increasing number of electronics, automotive, food industries, and demand for industrial robots in these industries are boosting the industrial robot market. According to the International Federation of Robotics robot sales in the U.S were approximately, 38,000 units in 2018.
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