Industrial Robotics Market – Analysis, Share, Trends, Size, & Forecast From 2020-2030

The global industrial robotics market traces its history from the early 1960s when the first large-scale application of robots was perfected for automation of automotive industry. Since then, it had a thriving journey by providing the manufacturing sector with programmable and flexible machines for complex tasks. The growth of the industrial robotics industry continues at an impressive place, majorly driven by rising labor charges across the globe. This would, in turn, have enforced companies to replace labor with machines. This growing demand for these products is justified by the recent statistics released by the International Federation of Robotics (IFR). The organization stated that the global sales of industrial robots recorded 387,000 units in 2017, up 31% compared to the previous year statistics. Further, between 2012 and 2017, the average sales of robotic products have increased at 19% CAGR.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-53413

Furthermore, the development of collaborative machines, the launch of application-specific machines coupled with growing penetration in SMEs is the key factors augmenting the global industry. The lucrative opportunity for the growth of this market lies with small and medium-sized enterprises (SMEs) (manufacturing units), which are economical in this globalized world. Other factors such as growing non-automotive applications and associated benefits such as reduction in manufacturing costs and increased productivity are some potential factors stoking the industry growth. However, lack of technical skills coupled with high cost hampers the market growth to some extent.

Product Takeaway



The robotics market revolves around the four key market parameters; namely products, applications, functions, and geography. Based on products, the industry is bifurcated as Cartesian (gantry), Articulated, SCARA, Cylindrical, and others. This classification of robots is done on the basis of their mechanical structure. Among its various types, articulated, SCARA, and Cartesian robots are majorly used by industries. Articulated robots continue to hold a major share of the industrial robots market in 2017.
 

Application Takeaway



Depending upon applications, the industry is segmented as Electrical & Electronics, Automotive, Chemical, Machinery, Metals, Food and Beverages, Precision and optics and others. Among which, automotive and electrical & electronics sector will continue to capture the highest share, i.e. more than 55% in an anticipated year. In a recent trend, collaborative robotics is more frequently used in the automotive industry. Integration of robots with production processes helps manufacturer in improving productivity, minimizing overheads and offers a high degree of flexibility as compared to the outcome of manual labor that consequently propels this application market.

Regional Takeaway

Regionally, with revenue of more than USD 25 billion in 2017, the Asia Pacific region is considered to be the strongest individual market. Japan, South Korea and China are projected to record significant revenue. Robot industries in Asia Pacific countries such as Korea, Taiwan and China are supported by their governments through programs addressing tax incentives, R&D funding, loans, and investment in skills. On another side, developed regions such as Europe and North America accounted for the significant revenue share. Rising demand for automation in industrial production coupled with the increasing standard of living will push the industry demand upward in these regions.
 

Key Vendor Takeaway



Some of the major competing players in this market are Kuka AG, ABB Ltd., Yaskawa, Kawasaki Robotics, Adept Technologies, Yamaha Robotics, Toshiba Machine, and Panasonic Welding Solutions Ltd. Companies who are investing in industrial robots are realizing substantial financial benefits, which, in turn, led to surge in installation of robots in contemporary manufacturing plants.

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
TARGET AUDIENCE

Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies and Research Organizations
Consultants
Distributors

SCOPE OF THE REPORT



The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

Cartesian (Gantry) Robot
Articulated Robot
SCARA Robot
Cylindrical Robot
Others
MARKET, BY APPLICATION

Electrical & Electronics
Automotive
Chemical
Machinery
Metals
Food and Beverages
Precision and optics
Others
MARKET, BY REGION

North America
U.S.
Canada
Europe
Germany
France
Rest of Europe
Asia Pacific
India
China
Rest of APAC
Rest of the World
Middle East and Africa
Latin America

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Hina Miyazu

Shibuya Data Count
Email: [email protected]
Tel: + 81 3 45720790

Related Posts:

dialyzer market

diabetes drug market

cloud API market

catheter securement devices market

biometric-as-a-service market

autoimmune disease drug market

allergy vaccine market

5G infrastructure market

vascular injury treatment market

sales tax software market

Christophe Rude
Christophe Rude
Articles: 15874