New innovative developments are positively impacting the manufacturing sector in terms of limiting waste, defects, and downtime. Industrial robotics overcomes the shortcomings of conventional work in industries and improves the capacity of operators. Industrial robots also provide an upper hand by influencing business processes to be more unique. Increasing focus on improving the productivity of large volume production, especially in the manufacturing of electronic gadgets and vehicles is one of the factors influencing market development.
The global market for industrial robotics is predicted to witness a CAGR of 9% during the forecast period from 2019 to 2027, with an estimated value of US$ 297 Bn by end of 2027.
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Industrial robots are the fulcrum of industrial robotics, which by definition are automatically controlled, reprogrammable, multipurpose manipulator laid out in three or more axes. Industrial robots can either be fixed or mobile for use in industrial automation.
The scope definition of industrial robots is not limited to this. For the manufacturing sector, industrial robots are defined as labor that can perform dangerous or repetitive tasks for manufacturing operation with a high degree of accuracy.
The entirety of industrial robots with their impressive advantages has led to the emergence of industrial robotics – the highly specialized branch of technology. It deals with the design, building, operation, and application of robots.
Currently industrial robotics is at an early stage, with the manufacturing sector witnessing leading adoption for production processes. However, the scope of deployment of industrial robotics is immense with collaborative robots anticipated to continue the leading demand. This is because collaborative robots are designed to automate work easily, hence find extensive applications mainly in the manufacturing sector.
Besides automation of processes, collaborative robots are used in pick and place, screw driving, assembly, lab testing, and quality inspection processes. Advantages of improvement of safety aspect, improved production output, and faster rate of performing repetitive tasks attract the deployment of collaborative robots.
The growth of industrial robotics market is receiving impetus from prospects of adoption of industrial robots by SMEs in developing economies of Asia Pacific. High ROI of deployment of industrial robots is attracting investments from stakeholders in the industrial robotics market.
In addition, the expanding scope of deployment of industrial robots in automotive and consumer electronics sectors will provide promising growth in the industrial robotics market.
The adoption of industrial robots and the field of industrial robotics is also related to the need to develop innovative approaches in production cycles. This is because deployment of industrial robots is directly proportional to limit waste, limit defects, and minimize downtime in production cycles. This implies the processes of industrial robotics help overcome the limitations of conventional production processes and improve capacity of operators as well.
The advantage to influence business processes to be unique is accentuating growth in industrial robotics market.
Collaborative robots are built to work alongside human beings through interaction in a shared workspace. Collaborative robots have the ability to automate the work easily and hence, are used across a variety of applications such as packaging, pick and place, screw driving, assembly, lab testing, and quality inspection. Furthermore, collaborative robots help companies to enhance the production output with better work safety, as these robots can perform repetitive work at a faster pace. Demand for collaborative robots is continuously on the rise from different industry verticals including retail, healthcare, automotive manufacturing, and others, owing to their numerous benefits and associated applications. Several manufacturers operate in the industrial robotics domain such as Universal Robots, KUKA AG, and Franka Emika GmbH, offering a wide variety of collaborative robots for various industries.
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Industrial robots provide a high ROI to entrepreneurs and producers operating in the industrial robotics marketplace around the world. However, underlying expenses of buying these gadgets is high and can be especially costly to organizations that purchase these gear in bulk instead of a replacement purchase or one-time purchase. Besides, these costs are followed by initial installation and training expenses and repeated cost for support and maintenance. These high rates are unfeasible to players having an extremely restricted spending plan.
Globally, Asia Pacific is expected to be the fastest developing market to a great extent due to the rise in research and development activities in Australia, Japan, India, and China. Adoption and popularity of robotics in small and medium enterprises (SME's) is additionally anticipated to strengthen the industrial robotics market in the region of Asia Pacific. Additionally, the application of industrial robots is growing across a large number of applications; for instance, consumer electronics, electrical, and automotive is additionally anticipated to boost the development of the market during the forecast period from 2019 to 2027.
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Some of the key players operating in the global industrial robotics market are
These players are introducing novel and technologically advanced industrial robots to capture a prominent portion of market share around the world. For instance, in 2020, KUKA AG, an industrial robot manufacturer, launched a novel industrial robot named “KR IonTec” for payload capacity of 30-70 kg.
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Research Methodology
Chapter 2 Executive Summary
Chapter 3 Market Overview
3.1 Introduction
3.2 Value chain analysis
3.3 Market Drivers
3.3.1 Rising demand for automation as labor gets expensive
3.3.2 Reduction of duties and increased investments on research and development
3.3.3 Access to new industries and adoption of robotics in SME’s
3.4 Market Restraints
3.4.1 Postponement in investment due to high capital costs
3.4.2 Stagnation of industrial manufacturing
3.1 Market Opportunities
3.1.1 Major usage of industrial robotics in manufacturing
3.1.2 Geographic as well as strategic expansion
3.2 Porter’s Five Forces Analysis
3.2.1 Bargaining power of suppliers
3.2.2 Bargaining power of buyers
3.2.3 Threat from substitutes
3.2.4 Threat of new entrants
3.2.5 Degree of competition
3.3 Industrial robotics: Market attractiveness analysis
3.4 Industrial robotics: Company market share analysis
Chapter 4 Global Industrial Robotics Market: By Types
4.1 Industrial robotics market: Type overview
4.1.1 Global industrial robotics market revenue share, by types, 2017 – 2027
4.2 Articulated Robots
4.2.1 Global articulated robots market, 2017 – 2027, (USD Bn)
4.2.2 Global articulated robots market, by industry, 2017 – 2027, (USD Bn)
4.3 Cartesian Robots
4.3.1 Global Cartesian robots market, 2017 – 2027, (USD Bn)
4.3.2 Global Cartesian robots market, by industry, 2017 – 2027, (USD Bn)
4.4 Selective Compliant Assembly Robot Arm (SCARA) Robots
4.4.1 Global SCARA robots market, 2017 – 2027, (USD Bn)
4.4.2 Global SCARA robots market, by industry, 2017 – 2027, (USD Bn)
4.5 Cylindrical Robots
4.5.1 Global cylindrical robots market, 2017 – 2027, (USD Bn)
4.5.2 Global cylindrical robots market, by industry, 2017 – 2027, (USD Bn)
4.6 Other Robots
4.6.1 Global other robots market, 2017 – 2027, (USD Bn)
4.6.2 Global other robots market, by industry, 2017 – 2027, (USD Bn)
Chapter 5 Global Industrial Robotics Market: By Industry
5.1 Industrial robotics market: Industry overview
5.1.1 Global industrial robotics market revenue share, by industry, 2017 – 2027
5.2 Automotive
5.2.1 Global automotive industry market, 2017 – 2027, (USD Bn)
5.3 Electrical & Electronics
5.3.1 Global electrical & electronics industry market, 2017 – 2027, (USD Bn)
5.4 Chemical, Rubber & Plastics
5.4.1 Global chemical, rubber & plastics industry market, 2017 – 2027, (USD Bn)
5.5 Machinery
5.5.1 Global machinery industry market, 2017 – 2027, (USD Bn)
5.6 Metals
5.6.1 Global metals industry market, 2017 – 2027, (USD Bn)
5.7 Food & Beverages
5.7.1 Global food & beverages industry market, 2017 – 2027, (USD Bn)
5.8 Precision & Optics
5.8.1 Global precision & optics industry market, 2017 – 2027, (USD Bn)
5.9 Others
5.9.1 Global others industry market, 2017 – 2027, (USD Bn)
Chapter 6 Global Industrial Robotics Market: By Function
6.1 Industrial robotics market: Function overview
6.1.1 Global industrial robotics market revenue share, by function, 2017 – 2027
6.2 Soldering and Welding
6.2.1 Global soldering and welding function market, 2017 – 2027, (USD Bn)
6.3 Materials Handling
6.3.1 Global materials handling function market, 2017 – 2027, (USD Bn)
6.4 Assembling and Disassembling
6.4.1 Global assembling and disassembling function market, 2017 – 2027, (USD Bn)
6.5 Painting and Dispensing
6.5.1 Global painting and dispensing function market, 2017 – 2027, (USD Bn)
6.6 Milling, Cutting and Processing
6.6.1 Global milling, cutting and processing function market, 2017 – 2027, (USD Bn)
6.7 Others
6.7.1 Global others function market, 2017 – 2027, (USD Bn)
Chapter 7 Global Industrial Robotics Market – By Region
7.1 Global industrial robotics market: Regional overview
7.1.1 Global industrial robotics market revenue share, by geography, 2013 and 2020
7.2 North America
7.2.1 North America industrial robotics market, 2017 – 2027, (USD Bn)
7.2.2 North America industrial robotics market, by types, 2017 – 2027, (USD Bn)
7.2.3 North America industrial robotics market, by industry, 2017 – 2027, (USD Bn)
7.2.4 North America industrial robotics market, by function, 2017 – 2027, (USD Bn)
7.3 Europe
7.3.1 Europe industrial robotics market, 2017 – 2027, (USD Bn)
7.3.2 Europe industrial robotics market, by types, 2017 – 2027, (USD Bn)
7.3.3 Europe industrial robotics market, by industry, 2017 – 2027, (USD Bn)
7.3.4 Europe industrial robotics market, by function, 2017 – 2027, (USD Bn)
7.4 Asia Pacific (APAC)
7.4.1 Asia Pacific industrial robotics market, 2017 – 2027, (USD Bn)
7.4.2 Asia Pacific industrial robotics market, by types, 2017 – 2027, (USD Bn)
7.4.3 Asia Pacific industrial robotics market, by industry, 2017 – 2027, (USD Bn)
7.4.4 Asia Pacific industrial robotics market, by function, 2017 – 2027, (USD Bn)
7.5 Rest of the World (RoW)
7.5.1 Rest of the World industrial robotics market, 2017 – 2027, (USD Bn)
7.5.2 Rest of the World industrial robotics market, by types, 2017 – 2027, (USD Bn)
7.5.3 Rest of the World industrial robotics market, by industry, 2017 – 2027, (USD Bn)
7.5.4 Rest of the World industrial robotics market, by function, 2017 – 2027, (USD Bn)
Chapter 8 Company Profiles
8.1 Daihen Corporation
8.1.1 Company overview
8.1.2 Financial overview
8.1.3 Business strategy
8.1.4 SWOT analysis
8.1.5 Recent developments
8.2 Denso Corporation
8.2.1 Company overview
8.2.2 Financial overview
8.2.3 Business strategy
8.2.4 SWOT analysis
8.2.5 Recent developments
8.3 Epson America, Inc.
8.3.1 Company overview
8.3.2 Financial overview
8.3.3 Business strategy
8.3.4 SWOT analysis
8.3.5 Recent developments
8.4 FANUC Ltd.
8.4.1 Company overview
8.4.2 Financial overview
8.4.3 Business strategy
8.4.4 SWOT analysis
8.4.5 Recent developments
8.5 Kawasaki Heavy Industries Ltd.
8.5.1 Company overview
8.5.2 Financial overview
8.5.3 Business strategy
8.5.4 SWOT analysis
8.5.5 Recent developments
8.6 KUKA Robotics Corporation
8.6.1 Company overview
8.6.2 Financial overview
8.6.3 Business strategy
8.6.4 SWOT analysis
8.6.5 Recent developments
8.7 Mitsubishi Electric Corporation
8.7.1 Company overview
8.7.2 Financial overview
8.7.3 Business strategy
8.7.4 SWOT analysis
8.7.5 Recent developments
8.8 Nachi Robotic Systems, Inc.
8.8.1 Company overview
8.8.2 Financial overview
8.8.3 Business strategy
8.8.4 SWOT analysis
8.8.5 Recent developments
8.9 Panasonic Corporation
8.9.1 Company overview
8.9.2 Financial overview
8.9.3 Business strategy
8.9.4 SWOT analysis
8.9.5 Recent developments
8.10 Universal Robots
8.10.1 Company overview
8.10.2 Financial overview
8.10.3 Business strategy
8.10.4 SWOT analysis
8.10.5 Recent developments
8.11 Yaskawa Motoman Robotics
8.11.1 Company overview
8.11.2 Financial overview
8.11.3 Business strategy
8.11.4 SWOT analysis
8.11.5 Recent developments
List of Tables
TABLE 1 Snapshot: Global Industrial Robotics Market
TABLE 2 Drivers for the industrial robotics market: Impact analysis
TABLE 3 Restraints for the global industrial robotics market: Impact analysis
TABLE 4 Global articulated robots market, by industry, 2017 – 2027, (USD Bn)
TABLE 5 Global Cartesian robots market, by industry, 2017 – 2027, (USD Bn)
TABLE 6 Global SCARA robots market, by industry, 2017 – 2027, (USD Bn)
TABLE 7 Global cylindrical robots market, by industry, 2017 – 2027, (USD Bn)
TABLE 8 Global other robots market, by industry, 2017 – 2027, (USD Bn)
TABLE 9 North America industrial robotics market, by types, 2017 – 2027, (USD Bn)
TABLE 10 North America industrial robotics market, by industry, 2017 – 2027, (USD Bn)
TABLE 11 North America industrial robotics market, by function, 2017 – 2027, (USD Bn)
TABLE 12 Europe industrial robotics market, by types, 2017 – 2027, (USD Bn)
TABLE 13 Europe industrial robotics market, by industry, 2017 – 2027, (USD Bn)
TABLE 14 Europe industrial robotics market, by function, 2017 – 2027, (USD Bn)
TABLE 15 Asia Pacific industrial robotics market, by types, 2017 – 2027, (USD Bn)
TABLE 16 Asia Pacific industrial robotics market, by industry, 2017 – 2027, (USD Bn)
TABLE 17 Asia Pacific industrial robotics market, by function, 2017 – 2027, (USD Bn)
TABLE 18 Rest of the World industrial robotics market, by types, 2017 – 2027, (USD Bn)
TABLE 19 Rest of the World industrial robotics market, by industry, 2017 – 2027, (USD Bn)
TABLE 20 Rest of the World industrial robotics market, by function, 2017 – 2027, (USD Bn)
List of Figures
FIG. 1 Value chain analysis of industrial robotics
FIG. 2 Average wage/hour for industrial sector
FIG. 3 Number of industrial robots deployment for manufacturing purpose, 2017-2027
FIG. 4 Porter’s Five Forces Analysis
FIG. 5 Market attractiveness analysis of industrial robotics market, by application, 2018
FIG. 6 Industrial robotics: Company market share analysis, 2018
FIG. 7 Global industrial robotics market revenue share, by types, 2017 – 2027
FIG. 8 Global articulated robots market, 2017 – 2027, (USD Bn)
FIG. 9 Global Cartesian robots market, 2017 – 2027, (USD Bn)
FIG. 10 Global SCARA robots market, 2017 – 2027, (USD Bn)
FIG. 11 Global cylindrical robots market, 2017 – 2027, (USD Bn)
FIG. 12 Global other robots market, 2017 – 2027, (USD Bn)
FIG. 13 Global industrial robotics market revenue share, by industry, 2017 – 2027
FIG. 14 Global automotive industry market, 2017 – 2027, (USD Bn)
FIG. 15 Global electrical & electronics industry market, 2017 – 2027, (USD Bn)
FIG. 16 Global chemical, rubber & plastics industry market, 2017 – 2027, (USD Bn)
FIG. 17 Global machinery industry market, 2017 – 2027, (USD Bn)
FIG. 18 Global metals industry market, 2017 – 2027, (USD Bn)
FIG. 19 Global food & beverages industry market, 2017 – 2027, (USD Bn)
FIG. 20 Global precision & optics industry market, 2017 – 2027, (USD Bn)
FIG. 21 Global others industry market, 2017 – 2027, (USD Bn)
FIG. 22 Global industrial robotics market revenue share, by function, 2017 – 2027
FIG. 23 Global soldering and welding function market, 2017 – 2027, (USD Bn)
FIG. 24 Global materials handling function market, 2017 – 2027, (USD Bn)
FIG. 25 Global assembling and disassembling function market, 2017 – 2027, (USD Bn)
FIG. 26 Global painting and dispensing function market, 2017 – 2027, (USD Bn)
FIG. 27 Global milling, cutting and processing function market, 2017 – 2027, (USD Bn)
FIG. 28 Global others function market, 2017 – 2027, (USD Bn)
FIG. 29 Global industrial robotics market revenue share, by geography, 2013 and 2020
FIG. 30 North America industrial robotics market, 2017 – 2027, (USD Bn)
FIG. 31 Europe industrial robotics market, 2017 – 2027, (USD Bn)
FIG. 32 Asia Pacific industrial robotics market, 2017 – 2027, (USD Bn)
FIG. 33 Rest of the World industrial robotics market, 2017 – 2027, (USD Bn)
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Industrial Robotics Market Analysis, Outlook 2027
