The Global Industrial Robotics Market is projected to reach USD 56.62 billion by 2030 from USD 21.78 billion in 2022, growing at a CAGR of 12.68% for the forecast period between 2023 and 2030. Due to the growing popularity of industrial robotics in manufacturing units coupled with a shortage of labor and skills, the market is likely to sustain its present growth pace in the next years.
In addition, growing digitalization, rising trends of automation, and rising focus on user-friendliness are current trends in the industrial robotics sector. Furthermore, while the cost of automation is falling dramatically, labor costs elsewhere are growing swiftly. These are two of the elements that are propelling industry reshoring projects in many developed nations, which has propelled the need for industrial robotics across the globe. Apart from traditional and collaborative robots, a new industrial robot has marked an entry which are adaptive robots. Adaptive robots are a progression of other two robots has the ability to react to the environment and adjust its movements to the exact task which is being performed.
Moreover, the increased accessibility of industrial robot systems makes it easier for companies of all sizes and technical skill levels to use automation. In addition, these technologies are rapidly being employed for a variety of tasks, such as product inspection, packaging, labelling, palletizing, welding, painting, and assembly. Furthermore, the industrial robotics market is expanding because of macroeconomic variables such as growing population, rapid industrialization, and rising urbanization.
The automotive segment is the largest consumer of industrial robotics. According to the International Federation of Robotics, North America’s automotive industry installed 20,391 industrial robots in 2022, which are 30% more than the installations in 2021.
Download Free Sample Report@ https://www.marketsandata.com/industry-reports/industrial-robotics-market/sample-request
Growing Adoption of Collaborative Robots
The global industrial robotics market has witnessed a rising adoption of collaborative robots, also known as cobots, across various industries. Collaborative robots are designed to work alongside humans, enabling safer and more efficient collaboration on the factory floor. Industries such as automotive, electronics, healthcare, and logistics have increasingly embraced cobots to enhance productivity, improve flexibility, and optimize operations. Cobots offer features like advanced sensors, vision systems, and intuitive programming interfaces, allowing easy integration into existing workflows. They can handle repetitive or dangerous tasks while freeing up human workers to focus on more complex or value-added activities. The collaborative nature of these robots also reduces the need for extensive safety measures, making them more accessible and cost-effective for smaller businesses. As a result, the rising adoption of collaborative robots is expected to continue driving growth in the global industrial robotics market, opening new opportunities for manufacturers, and contributing to increased automation across industries.
For Example, in May 2022 FANUC Corporation launched CR-35iB, the strongest collaborative robot in the world, with a weight capacity of up to 35 kilograms, which is particularly suited for a variety of procedures including heavy lifting and placement that were previously handled by people due to its high weight capacity, long reach, and safety certification.
Implementation of Advanced Technologies
The integration of the Industrial Internet of Things (IIoT) has emerged as a significant trend in the global industrial robotics market. IIoT integration involves connecting industrial robots with internet-enabled devices, sensors, and systems to enable data exchange, analysis, and remote monitoring. This integration allows real-time monitoring of robot performance, predictive maintenance, and optimization of manufacturing processes. By collecting and analyzing data from various sources, IIoT integration enables proactive decision-making, reducing downtime, and enhancing productivity. It also facilitates the implementation of advanced technologies such as artificial intelligence and machine learning, enabling robots to learn and adapt to changing conditions. The adoption of IIoT in the industrial robotics market enhances operational efficiency, drives automation, and supports the transition toward smart factories.
Traditional Robots Growing Rapidly
The traditional industrial robots’ segment has been witnessing significant growth due to increasing demand from industries such as automotive, electronics, and metalworking. Traditional industrial robots refer to robots that are typically large and designed for heavy-duty tasks in manufacturing and industrial settings. Various types of traditional robots including cartesian, SCARA, articulated, cylindrical, delta and polar offer high precision, speed, and payload capacity, making them suitable for a wide range of applications such as material handling, packaging, welding, assembling, and so on. Factors such as improved technology, cost-effectiveness, and advancements in robot programming and control systems have contributed to the rapid growth of traditional industrial robots, driving their adoption, and expanding their market share.
Automotive Sector Continues to Lead
The automotive sector is expected to lead the segment in the global industrial robotics market. The automotive industry extensively relies on industrial robots for various applications, including assembly, welding, painting, and material handling. The sector's demand for industrial robots is driven by the need for precision, speed, and efficiency in manufacturing processes. With increasing automation and advancements in robotic technologies, automotive manufacturers are adopting industrial robots to enhance production capabilities, improve quality, and streamline operations. The automotive industry's emphasis on cost reduction, product customization, and meeting stringent safety standards further drives the demand for industrial robots, making it the leading segment in the global market.
For example, the new GoFaTM and SWIFTITM series of robots by ABB launched in 2021, provide increased payloads and speeds, in the company’s line-up of collaborative robots (cobots) in addition to YuMi® and Single Arm YuMi®. These cobots will help the firm expand more quickly in high-growth markets, including automotive, electronic goods, healthcare, consumer goods, logistics, and food and beverage, among others, to address the rising need for automation in a variety of sectors.
Impact of COVID-19
COVID-19 had a significant impact on the global industrial robotics market. The initial outbreak led to disruptions in global supply chains, reduced manufacturing activities, and temporary shutdowns of industries, resulting in a decline in the demand for industrial robots. The travel restrictions and social distancing measures also affected the installation and maintenance of robotics systems. However, the pandemic also highlighted the need for automation and robotics in industries to ensure business continuity and mitigate future risks. As a result, there has been a growing focus on implementing robotic systems to enable contactless operations, enhance productivity, and ensure employee safety. The adoption of robotics in sectors such as healthcare, e-commerce, and logistics has witnessed accelerated growth due to the increased demand for automation and the need to adapt to the new normal. Overall, while COVID-19 initially impacted the global industrial robotics market, it also served as a catalyst for increased automation and robotics adoption in various industries.
Impact of Russia-Ukraine War
The on-going Russia-Ukraine war had a potential impact on the global industrial robotics market. The conflict has resulted in trade disruptions, which can affect the supply chains and manufacturing operations of industries worldwide. The uncertainty surrounding the situation has led to cautious investment decisions and a slowdown in economic activities. This could impact the demand for industrial robotics as companies may delay or scale back their automation plans. Additionally, trade restrictions and political instability can hinder the flow of components and technologies, leading to delays and increased costs for robotics manufacturers. In conclusion, the Russia-Ukraine war introduces uncertainties and risks that could impact the global industrial robotics market in terms of demand, supply chains, and investment decisions.
Report Scope
Global Industrial Robotics Market Assessment, Opportunities and Forecast, 2016-2030F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative & quantitative assessment of the current state of the industrial robotics market globally, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities and forecast between 2023 and 2030. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.
Increasing inclination towards automation is projected to guide the growth trajectory of the market in the foreseeable future.
In the observation presented by Market Research Future MRFR, the global industrial robotics market is presumed to strike 14% CAGR across the forecast period 2016 to 2022.
Industrial sector is the backbone of an economy, which is why it is likely to attract investments over the next couple of years.The advent of Industry 4.0 is the primary driver of the industrial robotics market.
It has led to the availability of cost-effective automation solutions for different industry domains.
In addition, the end-user industries are investing in automation to gain edge over competitors as well as stay ahead of the curve.
The primary factor driving the global industrial robotics market growth is high demand of robotics products in industrial application especially in manufacturing sectors, growing adoption of robotics in small & medium size organizations and growing investment of by the automotive industry in technological advancement.Competitive DashboardABB Ltd. (Switzerland), Kuka AG (Germany), Denso Corporation (Japan), Kawasaki Heavy Industries Ltd. (Japan), Yaskawa Electric Corporation (Japan), Bosch GmbH (Germany), Fanuc Corporation (Japan), Rockwell Automation, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), and Toshiba Corporation (Japan) are few of the key participants of the assessed to play developmental role in the industrial robotics market forecast.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1933 Market SegmentationOn the basis of type, the industrial robotics market has been segmented into Cartesian, articulated, delta, SCARA, 6-axis robots, dual-arm, parallel, redundant, and others.By application, the segmentation of the industrial robotics market covers material handling, assembling, welding, palletizing, painting, and others.On the basis of end-user, the industrial robotics market has been segmented into automotive, Rubber & plastic, entertainment, electronics, food & beverage, pharmaceuticals, and others.Regional AnalysisThe geographical analysis included in the global industrial robotics market reports has been covered for the following regions - North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW).
The report covers the worldwide Industrial Robotics Market execution regarding income commitment from different sections and incorporates a definite investigation of key patterns, drivers, restrictions, and openings impacting income development of the worldwide Industrial Robotics market.The report helps the new participants in the worldwide Industrial Robotics Market to settle on arranged choices upgrading their organizations.
It presents the profound investigation of the benefits and misfortune insights, thing esteem, fabricating capacities, dissemination channels, and grasping characterizations of the worldwide Industrial Robotics Market.DOWNLOAD FREE SAMPLE REPORT @ https://www.indexmarketsresearch.com/report/industrial-robotics-market-2/433879/#requestforsampleThis report features raw numbers of the Industrial Robotics Market in prior years.
The exploration report centers around a scope of revisions done in the worldwide Industrial Robotics Market to improve its advancement execution.
It likewise shows a complete investigation of the Industrial Robotics Market.Also, writers have audited mechanical advancements, market driving elements, existing and arising Industrial Robotics market sections just as SWOT investigation, venture return and achievability examination to assist the peruser with shaping prevailing business inclinations, worthwhile business techniques.
The investigation of new upgrades in development, complete profiles of significant contenders, and extraordinary model examination have consolidated here.
It offers an astounding development open door for the new participants and causes them to accomplish productive outcomes.Research CoverageThe market study covers the Industrial Robotics market size across segments.
Industrial Robotics Market:WiseGuyReports.com adds “Global Industrial Robotics Market Research Report 2020 Analysis and Forecast 2026” reports to its database.Executive SummaryCOVID-19 is an infectious disease caused by a newly discovered virus called corona-virus.
As this virus enables human workforce to stay at home, the industrial robots will be productive in industries at the place of human workforce.
Industrial robots are automated, programmable and capable of movement on three or more axes and can be used in wide range of end use industries such as Automotive, Electrical and Electronics, Chemicals, Rubber and Plastics, Metals & machinery, Food & Beverages, Precision engineering and Optics, Pharmaceuticals and Cosmetics.
For instance, as per Statista, the As of April 20, 2020, the outbreak of the coronavirus disease (COVID-19) had spread to six continents, and approximately 165,082 people had died after contracting the respiratory virus.
Around 23,660 of these deaths occurred in Italy, and around 40,565 of these deaths occurred in US.
Furthermore, the introducing new products and services as well as other strategic alliances by market key player will create a lucrative demand for this market.
