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The global industrial robotics market size is projected to grow from US$30.2 billion in 2024 to US$90.5 billion by 2035, representing a CAGR of 10.51%, during the forecast period, 2024-2035.
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The market size is projected to grow from USD 7.1 Billion Enriching growth in Industrial Robots Driven by Industrial Automation Demand Several factors, such as improved sensors technologies, artificial-intelligence (AI)-based control systems and cloud-based monitoring systems, contribute in enhancing productivity and efficiency in industries.
Metric | Value |
---|---|
Market Size (2025E) | USD 7.1 Billion |
Market Value (2035F) | USD 33.7 Billion |
CAGR (2025 to 2035) | 16.8% |
Country-Wise Outlook
Country | CAGR (2025 to 2035) |
---|---|
USA | 17.1% |
Country | CAGR (2025 to 2035) |
---|---|
UK | 15.9% |
Country | CAGR (2025 to 2035) |
---|---|
European Union (EU) | 16.6% |
Country | CAGR (2025 to 2035) |
---|---|
Japan | 16.9% |
Country | CAGR (2025 to 2035) |
---|---|
South Korea | 16.8% |
Competitive Outlook
Company Name | Estimated Market Share (%) |
---|---|
FANUC Corporation | 15-20% |
ABB Ltd. | 12-16% |
Yaskawa Electric Corporation | 10-14% |
KUKA AG (Midea Group) | 8-12% |
Mitsubishi Electric Corporation | 5-9% |
Other Companies (combined) | 40-50% |
In 2019, KUKA's market share was between 12 and 15 percent. Midea of China holds a 74.55 percent voting stake in KUKA. The robotics industry is a subsector of the automation industry. This industry includes a variety of products and services, including sensors and drives, relays, switches, machine vision and control systems, as well as industry software development and services.
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The Industrial Robotics Market is Segmented by Type of Robot (Articulated Robots, Linear Robots, SCARA Robots, Collaborative Robots and More), Payload Capacity (≤15 Kg, 16–225 Kg and More), by Application (Material Handling & Packaging and More), by End-User Industry (Automotive, Electrical & Electronics and More) and Geography. The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.
As of 2021, the Japanese robotics company FANUC had a 15 percent share of the Chinese industrial robot market. Generally speaking, most companies among the market leaders come from Japan. Only the Midea-owned KUKA and Shenzhen Inovance Tech are Chinese companies in the top 10.
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With a market valuation of USD 55.1 Billion by 2025, we expect the company to grow to USD 291.1 Billion by 2035 with a compound annual growth rate of 18.1%. Advanced robotics in production lines is helping companies scale up productivity and quality consistency while bringing down operational expenses.
Metric | Value |
---|---|
Market Size (2025E) | USD 55.1 Billion |
Market Value (2035F) | USD 291.1 Billion |
CAGR (2025 to 2035) | 18.1% |
Country Wise Analysis
Country | CAGR (2025 to 2035) |
---|---|
USA | 17.6% |
Country | CAGR (2025 to 2035) |
---|---|
UK | 17.1% |
Country | CAGR (2025 to 2035) |
---|---|
European Union (EU) | 18.0% |
Country | CAGR (2025 to 2035) |
---|---|
Japan | 17.8% |
Country | CAGR (2025 to 2035) |
---|---|
South Korea | 18.1% |
Competitive Outlook
Company Name | Estimated Market Share (%) |
---|---|
Fanuc Corporation | 15-20% |
ABB Ltd. | 12-16% |
Yaskawa Electric Corporation | 10-14% |
KUKA AG (Midea Group) | 8-12% |
Mitsubishi Electric Corporation | 5-9% |
Other Companies (combined) | 40-50% |
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Industrial Robotics Market Size 2025-2029
The industrial robotics market size is forecast to increase by USD 47.63 billion, at a CAGR of 19.4% between 2024 and 2029.
The market is experiencing a significant surge in demand, driven by the integration of advanced technologies such as artificial intelligence, machine learning, and collaborative robots. These innovations enable increased automation, flexibility, and efficiency in manufacturing processes, making industrial robots an indispensable asset for modern industries. However, the market faces challenges as well. The high cost of services, including installation, maintenance, and training, can hinder adoption for some businesses, particularly small and medium-sized enterprises. To capitalize on market opportunities, companies must focus on cost reduction strategies, such as offering flexible pricing models or partnering with service providers. Additionally, collaborating with technology partners to develop user-friendly interfaces and remote monitoring capabilities can help alleviate concerns around service costs and support. By addressing these challenges and continuing to innovate, the market participants can position themselves for long-term success in this dynamic and growing market.
What will be the Size of the Industrial Robotics Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, driven by advancements in technology and their applications across various sectors. Manufacturing Execution Systems (MES) integrated with cloud computing enable real-time data analytics, enhancing process optimization and quality control. Machine learning and deep learning algorithms facilitate robot programming and robotics education, allowing for more efficient and adaptive automation solutions. CE marking ensures safety standards are met, while open source software and robotics research foster innovation and collaboration. Collaborative robots, or cobots, and robotics software enable seamless integration with control systems, such as PLC and motion control, and artificial intelligence applications like natural language processing and robot simulation.
Payload capacity, end-of-arm tooling, and material handling are key considerations for robotics development, with applications ranging from CNC machining and pallet handling to pick and place and 3D printing. Integration services and simulation software play a crucial role in the design and implementation of industrial automation systems. Safety standards, such as UL certification, are essential in ensuring the reliable operation of industrial robots. The ongoing development of robotics technology, including cartesian, SCARA, delta, and articulated robots, continues to transform industries, from manufacturing and material handling to automated guided vehicles and process optimization.
How is this Industrial Robotics Industry segmented?
The industrial robotics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeArticulatedSCARACylindricalOthersEnd-userElectrical and electronicsAutomotiveMetal and machineryPharmaceuticalsOthersProductTraditional industrial robotsCollaborative robotsMobility TypeStationary robotsMobile robotsProduct TypeMaterials handlingSoldering and weldingAssembling and disassemblingPainting and dispensingOthersGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyAPACChinaIndiaJapanSouth KoreaSouth AmericaBrazilRest of World (ROW)
By Type Insights
The articulated segment is estimated to witness significant growth during the forecast period.Articulated robots, characterized by their multiple rotary joints, are revolutionizing manufacturing processes across industries such as automotive, metals and machinery, and pharmaceuticals. These robots, which mimic human arm movements, provide versatility and flexibility, enabling them to handle complex tasks with precision in confined spaces. The six-axis robot, offering six degrees of freedom, is the most popular configuration for articulated robots due to its ability to move in any direction and reach any point within its workspace. Machine learning and artificial intelligence technologies are enhancing robot programming, allowing for more efficient and adaptive automation. Cloud computing and data analytics enable real-time monitoring and process optimization, while safety standards, such as CE marking and UL certification, ensure compliance. Collaborative robots, or cobots, are gaining popularity for their ability to work alongside human operators, increasing productivity and efficiency. Open source software and robotics research foster inn
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The Robotics Industry Market report segments the industry into Technology Type (Industrial, Service), End User (End Users of Industrial Robots, End Users of Service Robots), and Geography (North America, Europe, Asia, Australia and New Zealand, Latin America, Middle East and Africa). The report provides historical data and market forecasts for five years.
In the fiscal year of 2020, Mitsubishi generated almost ** billion euros from its Industrial Automation Systems segment. Mitsubishi's revenue was more than twice as large as its closest competitor’s revenue. ABB Robotics generated some **** billion euros from its Industrial Automation segment. Industrial robotics market Although industrial robots have made inroads into a growing number of industries such as the food and beverages industry, the highly automated electrical/electronics industry became the largest area of application for electro-mechanical machines in 2020, followed by the automotive industry. The robotics industry’s growth trend is largely driven by rising wage levels that force manufacturers worldwide to replace human labor with machines. Asia and Europe are home to the key players in the market, including ABB, KUKA, Fanuc, and the Yaskawa Electric Corporation. With relevant sales of around *** billion euros, Japan-based Yaskawa was ranked among the largest manufacturers of industrial robots in 2020. The company’s heavy duty industrial robots can be used for welding, assembly, coating, materials handling, materials cutting, materials removal, and spot welding. Automation industry The robotics industry is a subsector of the automation industry. Similar to the market for industrial robotics, the factory automation market is forecast to grow in the following years, reaching a size of some *** billion U.S. dollars in 2025. This industry is comprised of a variety of products and services, including relays, switches, sensors and drives, machine vision and control systems, as well as industry software development and services. Conglomerates like Siemens, Mitsubishi Electric or General Electric are the major vendors of industrial automation and industry software.
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The APAC industrial robotics market is experiencing robust growth, projected to reach $22.42 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 16.83% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the increasing automation needs across diverse industries like automotive, electronics, and food and beverage are driving significant demand. The region's burgeoning manufacturing sector, particularly in China, India, Japan, and South Korea, is a major contributor. Secondly, advancements in robotics technology, including collaborative robots (cobots) and AI-powered systems, are enhancing efficiency and productivity, further propelling market growth. Finally, government initiatives promoting industrial automation and favorable economic conditions in several APAC nations are creating a fertile ground for industrial robot adoption. The market segmentation reveals strong demand across applications such as material handling, welding and soldering, and assembly. Despite the positive outlook, certain challenges exist. Supply chain disruptions and rising raw material costs could potentially constrain growth. Furthermore, the integration of advanced robotic systems necessitates significant investments in infrastructure and skilled labor, which may pose a barrier for some businesses. However, the long-term prospects remain extremely positive due to the ongoing trend of automation, particularly in sectors aiming to enhance competitiveness and address labor shortages. The competitive landscape is dynamic, with major players like ABB, Fanuc, and Yaskawa vying for market share through technological innovation, strategic partnerships, and geographical expansion. The continuous development of more sophisticated and affordable robots will undoubtedly stimulate future market growth in the APAC region.
The global market for industrial robots was sized at about **** billion U.S. dollars in 2021. The market is expected to grow at a compound annual growth rate (CAGR) of around ** percent, reaching almost **** billion U.S. dollars by 2028. Widening applications of industrial robots Robots are programmable machines that have the capability to move on at least ***** axes. They were developed to perform a wide array of tasks, including heavy lifting, as well as hazardous or repetitive work. The invention of the world’s first robot is credited to George Devol. The Unimate, a material handling robot performing basic welding and carrying tasks, was introduced in 1961. Today’s robots have a much higher degree of autonomy based on several technological advancements made in recent years. Besides traditional industrial robots that operate separated from human workers due to safety concerns, a new type of robots have been gaining popularity in recent years. Collaborative robots, also known as cobots, are designed to work alongside humans and collaborate with them. Cobots and humans are expected to complement each other in a workspace, making up for the other's weaknesses and leveraging their strengths. On the road to autonomy The industrial robotics market, which has traditionally represented the robotics industry and has been led by Japanese and European robot manufacturers, is giving way to non-industrial robots. Nowadays, personal assistant robots, customer service robots, autonomous vehicles, and unmanned aerial vehicles (UAVs) are becoming more and more widespread.
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According to Cognitive Market Research, the global Industrial Robotics market size will be USD 17512.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.60% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 7005.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5253.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4027.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 875.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 350.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
The Electrical & Electronics category is the fastest growing segment of the Industrial Robotics industry
Market Dynamics of Industrial Robotics Market
Key Drivers for Industrial Robotics Market
The Acceleration of AI Technology to Boost Market Growth
The integration of artificial intelligence (AI) into industrial robotics has had a substantial impact on the manufacturing processes of a variety of sectors, such as automotive, oil & gas, and consumer electronics. The precision, efficiency, and adaptability of robots are improved by AI-driven algorithms, which allow them to perceive their surroundings, identify objects, and make real-time decisions based on sensor data. This technological advancement has resulted in the creation of AI-embedded robots, such as the Omron i4 from OMRON, which can self-diagnose maintenance requirements, and the CRX-10iA collaborative robot from FANUC, which is equipped with an autonomous vision system. In addition to addressing industry challenges, these innovations also enhance operational efficiency and worker safety, thereby fostering the expansion of the global industrial robotics market.
Expansion of human-robot collaboration to Drive Market Growth
The industrial robotics market is significantly influenced by the increasing prevalence of cobots, or human-robot collaboration. Cobots operate in conjunction with human employees in the same workspace, thereby increasing productivity without eliminating employment opportunities. They execute repetitive or hazardous tasks, thereby enabling human employees to concentrate on more intricate tasks. The advancement of smarter, AI-enabled cobots further facilitates the adoption of cobots with self-learning capabilities. This makes cobots an appealing alternative for automating production processes, as companies experience cost savings and decreased error rates. This seamless integration of automation supports the increasing demand for industrial robots and improves overall efficiency.
Restraint Factor for the Industrial Robotics Market
Initial investments are a limiting factor
Many companies, particularly small- and medium-sized enterprises (SMEs), are impeded by the substantial initial investments necessary to implement robotic automation projects. A single collaborative robot system costs between USD 3,000 and USD 10,000, while industrial robotic systems can cost between USD 15,000 and USD 75,000. These expenses encompass not only the robots themselves, but also integration fees and supplementary components, including vision systems and end effectors. These expenses can be prohibitively high for small and medium-sized enterprises that engage in seasonal or low-volume production. Furthermore, the cost is further exacerbated by the frequent reprogramming of robots to accommodate the rapid changes in consumer preferences. The adoption of automation is a difficult task for smaller companies due to the high upfront investments, which impede their ability to compete with larger, more automated operations.
Impact of Covid-19 on the Industrial Robotics Market
The COVID-19 pandemic resulted in a significant increase in the demand for industrial robots as industries sought to transition from manual to automated operations. In the face of disruptions, the...
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Global Industrial Robot Market size valued at US$ 17.01 Billion in 2023, set to reach US$ 22.00 Billion by 2032 at a CAGR of about 2.9% from 2024 to 2032.
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The Asia-Pacific Industrial Robots Market report segments the industry into By Product Category (Articulated, SCARA, and more), By End-user Vertical (Automotive, Electronics/Electrical, and more), By Country (China, India, and more), and Competitive Landscape (Fanuc Corporation, Yaskawa Electric Corporation, and more).
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The global industrial robot controller market analysis states that the industry is poised to reach a size of USD 1081.6 million in 2024. The industry is projected to grow at a CAGR of 9.1% during the forecast period of 2024 to 2034. The global sector is anticipated to reach a value of USD 2584.2 million by 2034.
Attributes | Key Insights |
---|---|
Estimated Global Industrial Robot Controller Market Size (2024E) | USD 1081.6 million |
Projected Global Industrial Robot Controller Market Value (2034F) | USD 2584.2 million |
Value-based CAGR (2024 to 2034) | 9.1% |
Semi-annual Market Update
Particular | Value CAGR |
---|---|
H1 | 9.2% (2023 to 2033) |
H2 | 8.6% (2023 to 2033) |
H1 | 9.3% (2024 to 2034) |
H2 | 8.7% (2024 to 2034) |
Country-wise Insights
Countries | CAGR 2024 to 2034 |
---|---|
India | 13.6% |
China | 10.2% |
Spain | 6.8% |
France | 6.4% |
Italy | 5.9% |
Category-wise Insights
Segment | Single Axis (Axis Type) |
---|---|
Value Share (2024) | 47.4% |
Segment | Articulated Robot (Robot Type) |
---|---|
Value Share (2024) | 37.4% |
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The global Industrial Robotics market size reached USD 42.35 Billion in 2021 and is expected to reach USD 120.31 Billion in 2030 registering a CAGR of 12.3%. Industrial Robots industry report classifies global market by share, trend, growth and based on type, application, end-user industry, and regi...
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The U.S. Industrial Robotics Market size was valued at USD 88.13 billion in 2023 and is projected to reach USD 127.35 billion by 2032, exhibiting a CAGR of 5.4 % during the forecasts period. The U. S industrial robotics market is the practice of utilising robotic systems that are specially built to perform operations within manufacturing lines across industries. These robots engage in such operations as welding, painting, assembly, and handling of materials among others with a lot of accuracy. Some of the major uses involve the automotive industry, electronics industry and the production of household goods. Some of these include: cobots, a new trend in the market that is programmable robots that are to work hand in hand with human operators; AI and machine learning that help in improving the characteristics of the robot with high flexibility; and the incorporation of robots in Industry 4. Thus, many plants including 0 technologies for smarter manufacturing. Moreover, there is growing capital expenditures for robotics to enhance productivity, cut down the cost of labor, and sort out the concerns in supply chains. Recent developments include: In September 2022, Doosan Robotics partnered with Industrial Automation Supply to be its reseller partner in the northeast U.S. Such partnerships are expected to help increase the potential market for companies in the industry. , In November 2022, Epson America, Inc. announced the expansion of the VT6L-Series through the launch of the VT6L-DC All-in-One 6-Axis Robot. The newly launched product is ideal for mobile solutions and delivers next-level technology that helps to improve operational efficiency. , In December 2022, Kuka AG completed the delivery of its industrial arm robots to Tesla Inc. to help the company produce its electric vehicles on mass level. Other major automobile companies are also using automated robotic solutions. .
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The global non-industrial robot market was valued at US$ 49.7 billion in 2023 and has been forecasted to expand at a noteworthy CAGR of 18.8% to jump to a size of US$ 330.73 billion by the end of 2034.
Report Attribute | Details |
---|---|
Non-Industrial Robot Market Size (2023A) | US$ 49.7 Billion |
Estimated Market Value (2024E) | US$ 59.06 Billion |
Forecasted Market Value (2034F) | US$ 330.73 Billion |
Global Market Growth Rate (2024 to 2034) | 18.8% CAGR |
East Asia Market Share (2024) | 28.2% |
China Market Growth Rate (2024 to 2034) | 19.5% CAGR |
Key Companies Profiled | Diligent Robotics; ReWalk Robotics; Barrett Technology; Bear Robotics; Hanson Robotics; Intuitive Surgical; Macco Robotics; Omron Automation; Other Prominent Players. |
Sales Analysis of Non-Industrial Robots (2019 to 2023) vs. Market Forecasts (2024 to 2034)
Historical Attribute | Details |
---|---|
Market Size (2019A) | US$ 21.6 billion |
Historical CAGR (2019 to 2023) | 18.2% |
Forecasted CAGR (2024 to 2034) | 18.8% |
Country-wise Insights
Attribute | United States |
---|---|
Market Value (2024E) | US$ 13.29 Billion |
Growth Rate (2024 to 2034) | 18.1% CAGR |
Projected Value (2034F) | US$ 70.25 Billion |
Attribute | India |
---|---|
Market Value (2024E) | US$ 590 Million |
Growth Rate (2024 to 2034) | 19.2% CAGR |
Projected Value (2034F) | US$ 3.41 Billion |
Category-wise Insights
Attribute | Service Robots |
---|---|
Segment Value (2024E) | US$ 9.5 Billion |
Growth Rate (2024 to 2034) | 20.6% CAGR |
Projected Value (2034F) | US$ 62.2 Billion |
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According to Cognitive Market Research, the global Heavy Duty Industrial Robot market size will be USD XX million in 2025. It will expand at a compound annual growth rate (CAGR) of XX% from 2025 to 2033.
North America held the major market share for more than XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2033.
Europe accounted for a market share of over XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2033.
Asia Pacific held a market share of around XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2033.
Latin America had a market share of more than XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2033.
Middle East and Africa had a market share of around XX% of the global revenue and was estimated at a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2033.
Market Dynamics – Key Drivers
The rise of automation in large-scale manufacturing drives the market growth of heavy-duty industrial robots
Historically, industrial robots were primarily adopted for repetitive, lightweight tasks in automotive and electronics manufacturing. However, the shift toward high-volume production of large components—such as electric vehicle chassis, aircraft sections, and construction machinery—has significantly elevated the need for high-payload automation solutions. Manufacturers are increasingly deploying heavy-duty robots to handle large parts with greater precision, safety, and efficiency. This demand is particularly strong in sectors such as automotive and aerospace, where automation improves cycle times, reduces labour dependency, and enables 24/7 operations. As the scale and complexity of manufacturing grows, so does the need for robots that can lift, manipulate, and process heavy loads while maintaining high accuracy. For instance, in March 2024, Toyota announced a USD 1.3 billion investment in its Kentucky plant to ramp up production of electric vehicles, involving new automation systems that include heavy-duty robotic arms for battery and body assembly. (Source: Toyota To Invest $1.3 Billion In Kentucky Factory To Build New Electric SUV - MITechNews) This trend underscores how large manufacturers are driving the adoption of heavy-duty robots to meet rising production demands and technological shifts like electrification.
The shortage of skilled labour in industrial sectors drives the market growth of heavy-duty industrial robots
Industrial sectors worldwide are facing a growing shortage of skilled labour—especially for physically demanding or hazardous tasks. This challenge is particularly acute in aging economies like Japan, South Korea, and parts of Europe, as well as in regions where younger workers are increasingly avoiding industrial jobs. Heavy-duty industrial robots are being adopted as a solution to bridge this labour gap, especially in roles involving material handling, welding, and high-risk assembly. Robots can perform these functions consistently without fatigue, improving productivity and reducing safety incidents. According to the International Federation of Robotics, global robot installations hit a record 553,000 units in 2022, with much of the growth attributed to labour substitution in heavy industries. Countries like Japan are leading this shift, blending robotics with workforce strategy to sustain economic output. (Source: World Robotics 2023 Report: Asia ahead of Europe and the Americas - International Federation of Robotics) In summary, heavy-duty robots are playing a critical role in helping companies maintain operations and scale output despite workforce constraints, wherein labour shortages are accelerating the shift to automation.
Market Restraint
High capital investment and integration complexity are a concern for the heavy duty industrial robots market
Heavy duty industrial robots command premium prices—often well over $200,000 per unit—before accounting for ancillary costs such as end of arm tooling, safety systems, and installation. Beyond the robot hardware itself, system integration (including programming, cell design, safety fencing or advanced vision systems, and workforce training) can re...
The heavy duty industrial robot market share is expected to increase by USD 3.78 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8%.
This heavy duty industrial robot market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers heavy duty industrial robot market segmentation by end user (automotive industry, foundry industry, and aerospace and defense industry), application (material handling, assembly line, and logistics), and geography (APAC, Europe, North America, South America, and MEA). The heavy duty industrial robot market report also offers information on several market vendors, including ABB Ltd., Comau Spa, FANUC Corp., Kawasaki Heavy Industries Ltd., KRONES AG, KUKA AG, Liebherr-International AG, NACHI-FUJIKOSHI Corp., OMRON Corp., and Yaskawa Electric Corp. among others.
What will the Heavy Duty Industrial Robot Market Size be During the Forecast Period?
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Heavy Duty Industrial Robot Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The low price of components is notably driving the heavy duty industrial robot market growth, although factors such as high installation cost may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the heavy duty industrial robot industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Heavy Duty Industrial Robot Market Trend
The engagement of industrial workers is declining with the rising trend for the implementation of heavy-duty industrial robots. This has enabled various industries to enhance their productivity and reduce their operational breakdown. The employment of industrial robots ensures the prevention of any damage to the raw material and products as they are designed to carry heavy loads efficiently. It also results in effective and efficient distribution of workforce for productive industrial operations in the industries. Technavio’s market research report identifies that the growing need for uninterrupted industrial operations as one of the primary growth drivers for the global heavy-duty industrial robot market growth. Industries benefit in several ways since uninterrupted operations aid in reduced wastage and optimized operational cost. Technavio’s market research analysts predict that this market will grow at a CAGR of over 8% by 2025.
This heavy duty industrial robot market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Heavy Duty Industrial Robot Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
ABB Ltd.
Comau Spa
FANUC Corp.
Kawasaki Heavy Industries Ltd.
KRONES AG
KUKA AG
Liebherr-International AG
NACHI-FUJIKOSHI Corp.
OMRON Corp.
Yaskawa Electric Corp.
This statistical study of the heavy duty industrial robot market encompasses successful business strategies deployed by the key vendors. The heavy duty industrial robot market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The heavy duty industrial robot market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Heavy Duty Industrial Robot Market?
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64% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for the heavy-duty industrial robot market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The presence of many system integrators and raw material suppliers and a reasonable number of distributors and suppliers will facilitate the heavy duty industrial robot market growth in APAC over t
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The global industrial robotics market size is projected to grow from US$30.2 billion in 2024 to US$90.5 billion by 2035, representing a CAGR of 10.51%, during the forecast period, 2024-2035.