Industrial Robotics Market, By Product Type: (SCARA Robots, Delta Robots, Cartesian Robots/ Gantry Robots, Articulated Robots, Collaborative Robots (limited segments), Dual-arm Robots), By Application: (Assembly/Disassembly, Clean Room, Dispensing, Handling Operations, Processing/Cutting, Welding, Painting & Coating, General Applications), By End Use, (Automotive Industry, Electrical/Electronics Industry, Rubber & Plastics Industry, Metal & Machinery, Food & Beverages, Plastic & Auxiliary Chemical Products, Auxiliary Industries, Bulk Commodities & Materials), By Region – Global Analysis Forecast Till 2030

The Global Industrial Robotics market size was $37,910.0 million in 2020 and is expected to reach $116,910.2 million by 2030, with a CAGR of 11.9% from 2021 to 2030.

An industrial robot is a type of mechanical machine to which inputs are provided to automatically perform tasks related to production in the industry. The robot is reprogrammable and the program can be changed many times depending on the application and industry requirements. For automation applications, industrial robots help reduce costs and increase productivity by producing high-quality products. Most industrial robots consist of drives, end effectors, robot manipulators, sensors, and controllers. The robot controller is the robot's brain that helps give instructions. Robot sensors consist of microphones and cameras that keep the robot aware of its industrial environment.

A robot manipulator is typically a robot's arm that helps move and position the robot, while an end effector helps the robot interact with the workpiece. Five types of robots used in industry include collaborative, Cartesian, SCARA, cylindrical and articulated. The type of robot you choose depends on the degree of freedom of movement, the size required, and payload capacity. Industrial robots help optimize manufacturing for healthy and efficient processes.

Market Dynamics:

Drivers:

In general, industrial robots are in high demand in industries such as automotive, pharmaceutical, consumer electronics, packaging, and equipment. However, this demand is based on the kind of robots that need to be deployed throughout locations to leverage industrial activity and reduce costs. For example, players in the consumer electronics industry can deploy collaborative robots at higher speeds to increase production flexibility. As a result, significant investments are being made in businesses, and demand for these robots is increasing.

Restraints:

The initial investment required can be difficult for organizations with little or no relevant expertise. Among other things, procurement, integration, programming, accessories, and maintenance require large capital investments. This could curb market expansion. Low-volume manufacturing and poor return on investment make it difficult for small and medium-sized businesses to get a lot of money (ROI).

Moreover, the recent collapse of the COVID-19 pandemic is having a significant impact on the market. The rapid closure of various industrial units and enterprises has significantly affected the entire production and supply network. On the other hand, manufacturers of industrial robots are expected to see increased sales and overcome the obstacles amid the pandemic.

Key players:

• 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)

Market Segmentation:

By Product Type:

• SCARA Robots

• Delta Robots

• Cartesian Robots/ Gantry Robots

• Articulated Robots

• Collaborative Robots (limited segments)

• Dual-arm Robots

By Application:

• Assembly/Disassembly

• Clean Room

• Dispensing

• Handling Operations

• Processing/Cutting

• Welding

• Painting & Coating

• General Applications

By End Use:

• Automotive Industry

• Electrical/Electronics Industry

• Rubber & Plastics Industry

• Metal & Machinery

• Food & Beverages

• Plastic & Auxiliary Chemical Products

• Auxiliary Industries

• Bulk Commodities & Materials

By Region:

• North America

• Europe

• South Asia

• East Asia

• Rest of the World

Regional Analysis:

Some of the major contributing countries in the industrial robot market are Germany, China, Japan, the USA, and South Korea. Asia Pacific dominated the market with a revenue share of over 53.1% in 2016 and is expected to maintain its dominance throughout the forecast period. The region also had the highest number of units shipped in 2016. Throughout the forecast period, a sizable CAGR is anticipated.

Major industrial robot manufacturing hubs in the Asia Pacific include China, Japan, South Korea, and Taiwan. Japan and South Korea are at the forefront of the regional market in terms of industrial robot installations. The rapid growth of the market in these countries can be largely attributed to the booming electronics industry.

Scope of the Report:

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