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Industrial Robotics Market: USD 60.05 billion by 2030 and Expected to Grow at a CAGR of 13.7%

Industrial Robotics

Industrial Robotics Market Overview:

The Industrial Robotics Market size was valued at USD 18.91 billion in 2022 and is projected to reach USD 60.05 billion by 2030, growing at a CAGR of 13.7% from 2022 to 2030.

The Industrial Robotics Market is witnessing remarkable growth and innovation in recent years, transforming manufacturing and automation across various industries. Industrial robots are autonomous or semi-autonomous machines designed to perform tasks with precision and efficiency, offering benefits such as increased productivity, reduced labor costs, improved product quality, and enhanced workplace safety. These robots are employed in sectors ranging from automotive and electronics to healthcare and logistics, making them a crucial element of the modern industrial landscape.

Top Key Players for Electric Vehicle TIC (Testing, Inspection and Certification) Market:

ABB(Switzerland), Comau (Italy), Denso Robotics (US), Fanuc (Japan), Kuka (Germany), Mitsubishi (Japan), Omron (Japan), Staubli (Switzerland), Universal Robots (Denmark), Yaskawa Electric Corporation (Japan), Epson (US), Nachi-Fujikoshi (Japan), Adept Technology (US), TM Robotics (UK), Siasun (China), EFORT Robot (China), Hiwin (Taiwan), Robotiq (Canada), Aethon (US), Grey Orange (INDIA), Agility Robotics (US), Boston Dynamics (US), Anybots (US) and Other Major Players.

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Market Dynamics and Factors for Industrial Robotics Market:

Market Driver:

One of the primary drivers behind the growth of the Industrial Robotics Market is the increasing need for improved productivity and operational efficiency. Manufacturers are under constant pressure to meet rising demands while maintaining high-quality standards. Industrial robots offer a solution by automating repetitive and labor-intensive tasks, resulting in enhanced production output and cost savings. This driver compels industries to invest in robotics to stay competitive and meet evolving market demands.

Market Opportunity:

A significant opportunity within the Industrial Robotics Market lies in the expansion of collaborative robotics or “cobots.” These are robots designed to work alongside human workers, providing assistance in tasks that require precision, strength, or agility. The opportunity here is to continue developing and integrating cobots into various industries, especially in small and medium-sized enterprises (SMEs) that may have previously found traditional industrial robots too expensive or complex. The ease of collaboration between humans and robots can drive productivity improvements and safety enhancements in a wide range of applications.

Key Chapter Will Be Provided In The Report

  • Patent Analysis
  • Regulatory Framework
  • Technology Roadmap
  • BCG Matrix
  • Heat Map Analysis
  • Price Trend Analysis
  • Investment Analysis

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Industrial Robotics

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Segmentation of The Industrial Robotics Market

By Type

  • Articulated Robot
  • Linear Robots
  • Cylindrical Robots
  • Parallel Robots
  • SCARA Robots.

By Application

  • Automotive
  • Electrical & Electronics
  • Chemical Rubber & Plastics
  • Machinery
  • Food & Beverage

By Function

  • Soldering & Welding
  • Materials Handling
  • Milling
  • Cutting

Industrial Robotics Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast Period. The North American industrial robotics market is characterized by a strong emphasis on automation across industries such as automotive, electronics, and manufacturing. The presence of technologically advanced countries like the United States and Canada has driven significant growth in the adoption of industrial robots. Collaborative robots have gained traction in this region due to their versatility and ability to work alongside humans safely.

By Region     

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

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Key Industry Developments in the Industrial Robotics Market

In February 2021, ABB launches next-generation coots to unlock automation for new sectors and first-time users    ABB is expanding its collaborative robot (cobot) portfolio with the new GoFa™ and SWIFTI™ cobot families, offering higher payloads and speeds, to complement YuMi® and Single Arm YuMi® in ABB’s cobot line-up. These stronger, faster, and more capable cobots will accelerate the company’s expansion in high-growth segments including electronics, healthcare, consumer goods, logistics, and food and beverage, amongst others, meeting the growing demand for automation across multiple industries.

IN May 2022, CONTINENTAL AND TÜV SÜD Continental, a pioneering technology company, and TÜV SÜD, a global leader in safety and sustainability solutions, joined forces in a momentous partnership aimed at ensuring the safe deployment of Autonomous Mobile Robots (AMRs) in public spaces.

Essential points covered in Industrial Robotics Market report are: –

  • What will the market size and the growth rate be in 2030?
  • What are the key growth stimulants of Industrial Robotics Market?
  • What are the key market trends impacting Industrial Robotics Market valuation?
  • What are the challenges to market proliferation?
  • Who are the key vendors in the Industrial Robotics Market?
  • Which are the leading companies contributing to Industrial Robotics Market valuation?
  • What was the market share held by each region in 2030?
  • What is the estimated growth rate and valuation of Industrial Robotics Market in 2030?

Table of Content:

  1. INTRODUCTION
  2. RESEARCH OBJECTIVES
  3. RESEARCH METHODOLOGY
  4. RESEARCH PROCESS
  5. SCOPE AND COVERAGE
  • Market Definition
  • Key Questions Answered

MARKET SEGMENTATION

EXECUTIVE SUMMARY

MARKET OVERVIEW

GROWTH OPPORTUNITIES BY SEGMENT

MARKET LANDSCAPE

PORTER’S FIVE FORCES ANALYSIS

  • Bargaining Power Of Supplier
  • Threat Of New Entrants
  • Threat Of Substitutes
  • Competitive Rivalry
  • Bargaining Power Among Buyers

INDUSTRY VALUE CHAIN ANALYSIS

MARKET DYNAMICS

  • Drivers
  • Restraints
  • Opportunities
  • Challenges

MARKET TREND ANALYSIS

REGULATORY LANDSCAPE

PESTLE ANALYSIS

PRICE TREND ANALYSIS

PATENT ANALYSIS

TECHNOLOGY EVALUATION

ANALYSIS OF THE IMPACT OF COVID-19

  • Impact On The Overall Market

Continue.

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