DUBLIN--(BUSINESS WIRE)--The "Industrial Robotics Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 To 2028" report has been added to ResearchAndMarkets.com's offering.
The global industrial robotics market was valued at US$ 18.53 billion in 2019, expanding at a CAGR of 12.1% during the forecast period from 2020 to 2028.
The accelerating pace of automation is transforming a widening range of industries. Therefore, robots have made their way and are spreading throughout warehouses and manufacturing facilities around the world. To a certain extent, the new wave of automation is driven by the same things that first brought robotics and automation into the workplace: to free human workers from dangerous, dirty, and dull jobs, improving quality by reducing variability, eliminating errors, and to cut down manufacturing costs. The growing importance of workplace safety and rising demand for automating processes to increase efficiency, enhance safety, and reduce human errors are some of the major factors driving the growth prospects of the market worldwide.
Industrial robotics revolutionized the conventional industrial processes and allowed manufacturers to increase productivity at higher quality and lower costs. Industrial robots have been in the industry for a long time now. In 1970, approx. 200 robots were used in the U.S., which later increased to 4,000 in 1980 and 5,500 in 1981 and is still increasing. According to the International Federation of Robotics (IFR), the global sales of industrial robots increased by about 6% and reached a new record of 422,000 units in 2018.
Companies Mentioned
- ABB Ltd.
- TOSHIBA MACHINE CO. LTD.
- YRG Inc.
- FANUC Corporation
- Yaskawa Electric Corporation
- Omron Adept Technologies Inc.
- Panasonic Corporation
- DENSO Robotics
- Seiko
- Epson Corporation
- KUKA AG
- Mitsubishi Electric Corporation
- Staubli International AG
- NACHI-FUJIKOSHI CORP.
- Kawasaki Heavy Industries Ltd.
- Comau S.p.A.
- DAIHEN Corporation
- Universal Robots
- CMA Robotics
COVID-19 Impact:
A significant trend that has been observed in the Asia Pacific region is the shifting of manufacturing capabilities for numerous multinational companies out of China. Although most of the probable destination countries for manufacturing such as India, Thailand, and the Philippines, among others belong to the same Asia Pacific region, there are going to be increased investments towards manufacturing capabilities outside of China. Thereby, this provides a significant growth opportunity for industrial robot providers to quickly partner with investors in countries such as India, Thailand, and the Philippines to leverage the situation. Market participants need to assess the countries' manufacturing infrastructure and offer integrated and end-to-end robotic solutions to boots the countries' production quality and efficiency.
Key questions answered in this report
- What was the market size of industrial robotics in 2019 and forecast up to 2028?
- What are the key factors driving the global industrial robotics market?
- What are the key market trends and high-growth opportunities observed in the industrial robotics market?
- Which is the largest regional market for the industrial robotics market?
- Which segment will grow at a faster pace? Why?
- Which region will drive the market growth? Why?
- Which players are leading the industrial robotics market?
- What are the sustainability strategies adopted by the key players operating in the market?
Key Topics Covered:
1. Preface
2. Executive Summary
3. Market Dynamics
3.1. Introduction
3.1.1. Global Industrial Robots Market Value, 2018 - 2028, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. See-Saw Analysis
3.4. Impact Analysis of Drivers and Restraints
3.5. Attractive Investment Proposition, by Geography, 2019
3.6. Market Positioning of Key Players, 2019
3.6.1. Major Strategies Adopted by Key Players
4. Global Industrial Robotics Market, by Product Type, 2018 - 2028 (US$ Mn)
4.1. Overview
4.2. Articulated Robots
4.3. Linear Robots
4.4. Cylindrical Robots
4.5. Parallel Robots
4.6. SCARA Robots
4.7. Others (Delta Robots, Polar Robots, etc.)
5. Global Industrial Robotics Market, by Functionality, 2018 - 2028 (US$ Mn)
5.1. Overview
5.2. Soldering and Welding
5.3. Material Handling
5.4. Assembling & Disassembling
5.5. Painting & Dispensing
5.6. Milling, Cutting & Processing
6. Global Industrial Robotics Market, by End-use Vertical, 2018 - 2028 (US$ Mn)
6.1. Overview
6.2. Automotive
6.3. Electrical & Electronics
6.4. Plastics, Rubber and Chemicals
6.5. Metals & Machinery
6.6. Pharmaceutical
6.7. Food & Beverages
6.8. Precision Engineering & Optics
6.9. Others (Oil & Gas, Construction, etc.)
7. North America Industrial Robotics (IR) Market Analysis, 2018 - 2028 (US$ Mn)
8. Europe Industrial Robotics (IR) Market Analysis, 2018 - 2028 (US$ Mn)
9. Asia Pacific Industrial Robotics (IR) Market Analysis, 2018 - 2028 (US$ Mn)
10. Rest of the World Industrial Robotics (IR) Market Analysis, 2018 - 2028 (US$ Mn)
11. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/mkbugj
