The industrial robotics market comprises robots used in manufacturing industries for carrying out tasks with repeatable accuracy and precision. Industrial robots help improve productivity, quality, and reduce downtime in industries such as automotive, electronics, metal, and rubber & plastics. They are integrated with vision systems and sensors to increase flexibility.
The global industrial robotics market is estimated to be valued at US$ 60.91 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The adoption of industrial robots in the manufacturing sector has increased significantly over the past few years. Robots perform repetitive and dangerous tasks with high accuracy and consistency, improving productivity and reducing costs. The use of robotics allows 24/7 operations with minimal human intervention. Furthermore, robots integrated with AI capabilities enable manufacturing industries to automate complex processes. With rising labor costs and the need to improve efficiency, manufacturers are increasingly adopting robotics solutions. Major automotive companies have invested heavily in robotic assembly lines. The growth of e-commerce has also boosted robotics adoption in warehouses for order fulfillment. This rising demand from manufacturing industries is a key factor propelling the industrial robotics market forward.
Segment Analysis
The global industrial robotics market is dominated by the automotive segment, accounting for nearly 30% of the total market share. Industrial robots are extensively used in the automotive industry for welding, painting, assembly, and packaging operations along various automobile production lines. Their deployment helps improve productivity and quality while reducing labor costs for automakers. Within the automotive segment, welding robots form the largest sub-segment due to their widespread application in joining metal components during vehicle assembly.
Key Takeaways
The Global Industrial Robotics Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. Rapid digitalization and automation across major end-use industries will drive the adoption of robotic solutions in manufacturing facilities. The global industrial robotics market is estimated to be valued at US$ 60.91 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023-2030.
Regional analysis: Asia Pacific currently holds the leading share in the industrial robotics market and is expected to maintain its dominance through 2030. Countries like China, Japan, and South Korea have a strong industrial manufacturing base and are major hubs for automotive and electronics production. Strong government support for industrial automation in these countries is supporting the growth of robotic installations.
Key players: Key players operating in the industrial robotics market include Fanuc, Yaskawa, ABB, Kawasaki, and Denso. Fanuc holds the largest market share owing to its vast product portfolio and global presence. Yaskawa and ABB are other prominent players focused on innovating collaborative robot technologies for small and medium enterprises.
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Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
The report contains basic, secondary and advanced information pertaining to the Industrial Robotics global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2018 - 2023.Get FREE Exclusive PDF Sample Copy of This Report @ https://www.upmarketresearch.com/home/requested_sample/3036The scope of the report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The statistics are represented in graphical format for a clear understanding on facts and figures.The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
Region-wise Analysis Global Industrial Robotics Market covers: • North America • Europe • China • Japan • Southeast Asia • India The Report covers in-depth analysis as follows:• Chapter 1 Industrial Robotics Market Overview • Chapter 2 Global Economic Impact on Industrial Robotics Industry • Chapter 3 Global Industrial Robotics Market Competition by Manufacturers • Chapter 4 Global Industrial Robotics Production, Revenue (Value) by Region (2013-2018) • Chapter 5 Global Industrial Robotics Supply (Production), Consumption, Export, Import by Regions (2013-2018)• Chapter 6 Global Industrial Robotics Production, Revenue (Value), Price Trend by Type • Chapter 7 Global Industrial Robotics Market Analysis by Application • Chapter 8 Global Industrial Robotics Manufacturers Analysis• Chapter 9 Industrial Robotics Manufacturing Cost Analysis Chapter 10 Industrial Chain, Sourcing Strategy and Downstream Buyers • Chapter 11 Marketing Strategy Analysis, Distributors/Traders• Chapter 12 Market Effect Factors Analysis• Chapter 13 Global Industrial Robotics Market Forecast (2018-2023) Gain Full Access of Industrial Robotics market industry analysis & forecast 2018-2023 along with complete TOC @ https://www.upmarketresearch.com/reports/Industrial-Robotics-Global-Market-Status-and-Trend-Report-2013-2023“Industrial Robotics Market Industry Analysis and Forecast 2018-2023” report helps the clients to take business decisions and to understand strategies of major players in the industry.
