The global industrial robotics market size reached USD 42.35 Billion in 2021 and is expected to register a revenue CAGR of 12.3% during the forecast period. Rapid adoption of automation, IIoT, and AI in industrial manufacturing in combination with vision and other sensing systems, which enable robots to execute difficult tasks easily is one of the major factors driving revenue growth of the market. In addition, rapid growth of logistics and supply chain where warehouses and distribution centers are increasing demand for industrial robots owing to high priority for timely delivery as well as efficient and cost-effective manufacturing processes.
Rising demand for industrial robots by manufacturers for automation of tasks, improved worker safety, and increased overall production output with reduced wastage and cost-extensive operating costs is one of the key factors driving growth of the market. For instance, collaborative robots or Cobots when fitted with dispensing tools can be utilized for applying glue and other adhesives as well as can be fitted with a sanding kit can be utilized for polishing pieces for a bright and smooth finish.
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According to International Federation of Robotics (IFR), around 486,800 industrial robot units were shipped globally on 2022, which is an increase of 27% compared to previous year. Furthermore, Asia/Australia registered a significant growth rate with an increase in installations by 33%, reaching 354,500 units. The U.S. accounted up to 49,400 units of sale, which is 27% increase and Europe registered 15% growth rate with installation of 78,000 units. Customization of industrial robots based on operational requirements is driving demand for six-axis robots among manufacturers, as they offer more workspace and can be modified to handle a wide range of production applications. Rising logistics, military, and transportation applications, is leading to a high demand for commercial drones, which is driving growth of the industrial robotics industry.
A novel report on global Industrial Robotics Market is published by Emergen Research, offering current developments and emerging trends of the market. The report offers a comprehensive overview of the market along with details about market size, market share, revenue growth, and top companies. The report covers all crucial and essential information related to global Industrial Robotics Market to help readers, investors, clients to gain a thorough understanding of the market and invest accordingly. Various advanced statistical tools such as SWOT analysis or Porter’s Five Forces are used in the report.
Key players involved:
ABB, FANUC Corporation, YASKAWA Electric Corporation., DAIHEN Corporation, Mitsubishi Electric Corporation, KUKA, DENSO Corporation, NACHI-FUJIKOSHI CORP, Seiko Epson Corporation, and Panasonic Holdings Corporation.
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The Global Industrial Robotics Market is further analyzed across the key geographical locations where the market has expanded to a significant size. The key region analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The report offers a country-wise analysis to provide a comprehensive analysis of the Industrial Robotics market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, trends, and presence of prominent players in each region.
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Emergen Research has segmented the global industrial robotics market based on type, application, end-user industry, and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
SCARA robots
Cartesian robots
Articulated robots
Cylindrical robots
Collaborative robots
Others
Application Outlook (Revenue, USD Billion; 2019-2030)
Material handling
Welding soldering
Assembling disassembling
Dispensing
Processing
Others
End-User Industry Outlook (Revenue, USD Billion; 2019-2030)
Electrical electronics
Automotive
Plastics, rubber chemicals
Food beverages
Precision engineering optics
Metals machinery
Others
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Key Benefits of Buying the Global Industrial Robotics Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Industrial Robotics Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Industrial Robotics Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Industrial Robotics Market
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