Industrial Robotics Market - Trends Forecast Till 2028

Market Overview

The global industrial robotics market size is projected to reach a CAGR of 13.3% from 2021 to 2028.

An industrial robot is a robot system used for manufacturing. Industrial robots are automated, programmable, and capable of movement on three or more axis. Typical applications of robots include welding, painting, assembly, pick and place for printed security boards, packing and labelling, palletizing, product inspection, and testing, all accomplished with high endurance, speed, and precision.

The growing adoption of automation in the automotive manufacturing process and involvement of digitization and AI are some of the factors that have supported long-term expansion for Industrial Robotics Market.

Regional Analysis

APAC to hold the largest share of market for traditional industrial robots in 2021 both in terms of value and the volume. This can be attributed to the increasing labour costs in APAC that are forcing manufacturers to automate the manufacturing processes to maintain their cost advantage.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• ABB Ltd.
• Yaskawa Electric Corporation
• Denso Corporation
• Fanuc Corporation
• KUKA AG

Recent Developments

• In October 2020, ABB announced the acquisition of Codian Robotics (Netherlands), a leading provider of delta robots used primarily for high-precision pick and place applications. Codian Robotics offering includes a hygienic design line, ideal for hygiene-sensitive industries including food and beverage and pharmaceuticals. With the acquisition, ABB is expected to increase its delta robot offerings.
• In September 2020, KUKA(Germany) announced its new SCARA robots under the KR SCARA line-up that excel in applications like in small parts assembly, materials handling and inspection tasks with a payload of 6 kg. The robots will be mainly offered to cost sensitive markets.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Industrial Robotics Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope