Global Industrial Robots Market Size, Share, Growth Analysis, By Application(Handling, Assembling & Disassembling), By End Use(Automotive, Electrical) - Industry Forecast 2024-2031

Report ID: SQMIG20I2134 | Region: Global | Published Date: March, 2024
Pages: 202 | Tables: 69 | Figures: 77

Global Industrial Robots Market Insights

Global Industrial Robots Market size was valued at USD 23.97 billion in 2021 and is poised to grow from USD 26.66 billion in 2022 to USD 62.42 billion by 2030, at a CAGR of 11.22% during the forecast period (2023-2030).

The usage of robotics and smart manufacturing in the industrial sector is being driven by the emerging trend of Industry 4.0. To meet the rising demand for industrial robotics, producers are increasing their facilities. For instance, ABB Ltd. established a new, massive robotics complex for production and research in Shanghai, China, in December 2022. Launching the 67,000 square metre factories required an investment from the corporation of over USD 150 million. Given the cost-benefit ratio, the growing trend towards electric cars among new car owners is nevertheless encouraging. The use of automated robotic systems by automakers for the high-volume production of vehicles is anticipated to have a substantial impact on the industrial robotics sector. For instance, Tesla Inc. received Kuka AG's industrial arm robots in December 2022 to assist with the company's mass production of electric vehicles. The use of automated robotic systems by other significant automakers is similar, fuelling the demand for industrial robots.

Global Industrial Robots Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

The major companies in the market utilize tactics such as alliances, purchases, ventures, inventions, R&D, and geographic expansions to strengthen their positions in the market and the industry. In order to remain competitive, businesses are putting more effort into enhancing their product offerings to better meet users' evolving needs. 'ABB (Switzerland)', 'FANUC Corporation (Japan)', 'Yaskawa Electric Corporation (Japan)', 'KUKA AG (Germany)', 'Kawasaki Heavy Industries Ltd. (Japan)', 'Universal Robots A/S (Denmark)', 'Mitsubishi Electric Corporation (Japan)', 'Denso Corporation (Japan)', 'Comau S.p.A (Italy)', 'Nachi-Fujikoshi Corporation (Japan)', 'Epson Robots (Japan)', 'Stäubli International AG (Switzerland)', 'Omron Corporation (Japan)', 'Adept Technology Inc. (United States)', 'Hanwha Robotics (South Korea)', 'FANUC Robotics America Inc. (United States)', 'Panasonic Corporation (Japan)', 'Toshiba Machine Co., Ltd. (Japan)', 'Hyundai Robotics (South Korea)', 'KAWASAKI Robotics GmbH (Germany)', 'Aurotek Corporation (Taiwan)', 'Siasun Robot & Automation Co., Ltd. (China)'

Industrial robots offer higher speed, precision, and consistency compared to human workers. They can work continuously without breaks and do not experience fatigue, resulting in improved production efficiency. With the rising demand for faster and more efficient production processes, industrial robots are being deployed to streamline operations and optimize output.

Vision systems play a crucial role in industrial robotics by providing robots with the ability to perceive and understand their surroundings. Vision-guided robots can perform tasks such as object recognition, quality inspection, and precise manipulation. The advancements in camera technology, image processing, and deep learning algorithms have significantly enhanced the capabilities of vision systems in industrial robots.

In 2022, the Asia Pacific region controlled the industrial robot’s market and contributed more than 65% of the market. During the foreseeable term as well, the region is anticipated to continue to rule. Many industries and enterprises that use industrial robots for manufacturing operations are found in the Asia Pacific region. Additionally, there is substantial room for growth for the local industry due to the rising trend towards automation, artificial intelligence, and other cutting-edge technology.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Global Industrial Robots Market Size, Share, Growth Analysis, By Application(Handling, Assembling & Disassembling), By End Use(Automotive, Electrical) - Industry Forecast 2024-2031

Global Industrial Robots Market Insights

Global Industrial Robots Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Industrial Robots Market?

Who are the key vendors in the Global Industrial Robots Market?

What is the key driver of Global Industrial Robots Market?

What is the key market trend for Global Industrial Robots Market?

Which region accounted for the largest share in Global Industrial Robots Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300