The global industrial robotics market size is expected to reach USD 60.56 billion by 2030, expanding at a CAGR of 10.5% from 2023 to 2030. The increasing trend of mass production, predominantly in the manufacturing of automobiles, electronics, and packaged food, among others, is expected to drive market growth. For instance, in March 2022, Ford Motor Company integrated industrial robots in its factories to operate 3D printers which produced small car parts.
Moreover, the increasing demand for products to be available at a fast rate has resulted in producers opting for high-volume goods production. For instance, in December 2022, Taiwan Semiconductor Manufacturing Company Limited announced that it had begun mass manufacturing its 3-nanometer chips due to global demand. Therefore, the factories are using industrial robotics and automation systems as they can complete processes in shorter timelines without significant human intervention.
Additionally, governments around the world are pushing for automation and robotics in the industrial sector to boost national exports, increase technology penetration, and attract foreign investment. For instance, in September 2022, the crown prince of Dubai launched The Dubai Robotics and Automation Program to boost robotics in the country. Under the program, around 200,000 robots will be provided to the industrial and logistics sectors to boost production.
The COVID-19 pandemic had a significant impact on the industrial robotics industry as almost all industries were affected due to government lockdowns and regulations. During this time, there was a decline in the manufacturing of industrial robots itself. However, social distancing and partial workforce regulations during the pandemic increased the demand for automation robots and systems in the industrial sector to keep up with manufacturing and industrial processes demand. Moreover, the demand for industrial robots has remained constant post-pandemic due to the ongoing trend of automation in factories.
Moreover, the increasing demand for products to be available at a fast rate has resulted in producers opting for high-volume goods production. For instance, in December 2022, Taiwan Semiconductor Manufacturing Company Limited announced that it had begun mass manufacturing its 3-nanometer chips due to global demand. Therefore, the factories are using industrial robotics and automation systems as they can complete processes in shorter timelines without significant human intervention.
Additionally, governments around the world are pushing for automation and robotics in the industrial sector to boost national exports, increase technology penetration, and attract foreign investment. For instance, in September 2022, the crown prince of Dubai launched The Dubai Robotics and Automation Program to boost robotics in the country. Under the program, around 200,000 robots will be provided to the industrial and logistics sectors to boost production.
The COVID-19 pandemic had a significant impact on the industrial robotics industry as almost all industries were affected due to government lockdowns and regulations. During this time, there was a decline in the manufacturing of industrial robots itself. However, social distancing and partial workforce regulations during the pandemic increased the demand for automation robots and systems in the industrial sector to keep up with manufacturing and industrial processes demand. Moreover, the demand for industrial robots has remained constant post-pandemic due to the ongoing trend of automation in factories.
Industrial Robotics Market Report Highlights
- Based on end-use, the chemical, rubber, & plastics segment is expected to grow at the highest CAGR of over 12% over the forecast period as the robots can work around the clock and help avoid health issues to laborers due to toxic fumes and harmful chemicals
- Based on application, the handling segment recorded the largest market share in 2022 owing to the trend of e-commerce shopping, and increasing demand for robotics in logistics & warehouse applications
- Based on geography, the Middle East & Africa is expected to grow at the highest CAGR over the forecast period owing to favorable government initiatives for automation and robotics along with significant foreign investment
Table of Contents
Chapter 1 Methodology and Scope1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Industrial Robotics Industry Outlook
3.1 Market Segmentation and Scope
3.2 Industrial Robotics Market - Value Chain Analysis
3.3 Industrial Robotics Market - Market Dynamics
3.3.1 Market driver analysis
3.3.1.1 Increasing penetration of collaborative robots
3.3.1.2 The rapid shift towards smart manufacturing
3.3.1.3 Rapid adoption of automation among emerging economies
3.3.2 Market challenge analysis
3.3.2.1 High initial investments & maintenance cost
3.4 Industrial Robotics Market - Porter’s Five Forces Analysis
3.5 Industrial Robotics Market - PESTEL Analysis
Chapter 4 Industry Robotics Application Outlook
4.1 Industrial Robotics Market Share By Application, 2018 - 2030 (USD Million)
4.2 Application Movement Analysis & Market Share, 2022 & 2030
4.3 Industrial Robotics Market Estimates & Forecast, By Application (USD Million)
4.3.1 Handling
4.3.2 Assembling & Disassembling
4.3.3 Welding & Soldering
4.3.4 Cleanroom
4.3.5 Dispensing
4.3.6 Processing
4.3.7 Others
Chapter 5 Industrial Robotics End-Use Outlook
5.1 Industrial Robotics Market Share By End-Use, 2018 - 2030 (USD Million)
5.2 End-Use Movement Analysis & Market Share, 2022 & 2030
5.3 Industrial Robotics Market Estimates & Forecast, By End-Use (USD Million) (Thousand Units)
5.3.1 Automotive
5.3.2 Electrical/Electronic
5.3.3 Metal/Heavy Soldering
5.3.4 Chemical, Rubber, & Plastics
5.3.5 Food
5.3.6 Others
Chapter 6 Industrial Robotics Regional Outlook
6.1 Industrial Robotics Market Share By Region, 2022 & 2030
6.2 North America
6.2.1 North America industrial robotics market, 2018 - 2030
6.2.2 U.S.
6.2.2.1 U.S. industrial robotics market, 2018 - 2030 (USD Million)
6.2.3 Canada
6.2.3.1 Canada industrial robotics market, 2018 - 2030 (USD Million)
6.3 Europe
6.3.1 Europe industrial robotics market, 2018 - 2030
6.3.2 U.K.
6.3.2.1 U.K. industrial robotics market, 2018 - 2030 (USD Million)
6.3.3 Germany
6.3.3.1 Germany industrial robotics market, 2018 - 2030 (USD Million)
6.3.4 Italy
6.3.4.1 Italy industrial robotics market, 2018 - 2030 (USD Million)
6.3.5 France
6.3.5.1 France industrial robotics market, 2018 - 2030 (USD Million)
6.3.6 Spain
6.3.6.1 Spain industrial robotics market, 2018 - 2030 (USD Million)
6.4 Asia Pacific
6.4.1 Asia Pacific industrial robotics market, 2018 - 2030
6.4.2 China
6.4.2.1 China industrial robotics market, 2018 - 2030 (USD Million)
6.4.3 Japan
6.4.3.1 Japan industrial robotics market, 2018 - 2030 (USD Million)
6.4.4 South Korea
6.4.4.1 South Korea industrial robotics market, 2018 - 2030 (USD Million)
6.4.5 India
6.4.5.1 India industrial robotics market, 2018 - 2030 (USD Million)
6.5 Latin America
6.5.1 Latin America industrial robotics market, 2018 - 2030
6.5.2 Brazil
6.5.2.1 Brazil industrial robotics market, 2018 - 2030 (USD Million)
6.5.3 Mexico
6.5.3.1 Mexico industrial robotics market, 2018 - 2030 (USD Million)
6.6 MEA
6.6.1 MEA industrial robotics market, 2018 - 2030
6.6.2 Saudi Arabia
6.6.2.1 Saudi Arabia industrial robotics market, 2018 - 2030 (USD Million)
6.6.3 South Africa
6.6.3.1 South Africa industrial robotics market, 2018 - 2030 (USD Million)
Chapter 7 Competitive Landscape
7.1 Key Market Participants
7.1.1 ABB Ltd.
7.1.2 Yaskawa Electric Corporation
7.1.3 Mitsubishi Electric Corporation
7.1.4 Nachi-Fujikoshi Corp.
7.1.5 Comau SpA
7.1.6 KUKA AG
7.1.7 Fanuc Corporation
7.1.8 Denso Corporation
7.1.9 Kawasaki Heavy Industries, Ltd.
7.1.10 Omron Corporation
7.2 Recent Developments & Impact Analysis, By Key Market Participants
7.3 Company Categorization
7.4 Participant’s Overview
7.5 Financial Performance
7.6 Product Benchmarking
7.7 Company Heat Map Analysis
7.8 Company Market Share Analysis, 2022
7.9 Strategy Mapping
7.9.1 Expansion
7.9.2 Mergers & acquisitions
7.9.3 Collaborations
7.9.4 New product launches
7.9.5 Research & development
List of Tables
Table 1 Industrial robotics market - key market driver impact
TABLE 2 Key market restraint/challenges impact
TABLE 3 Global industrial robotics market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
TABLE 4 Global industrial robotics market revenue estimates and forecast, by end-use, 2018 - 2030 (USD Million)
TABLE 5 Global industrial robotics market revenue estimates and forecast, by end-use, 2018 - 2030 (Thousand Units)
TABLE 6 Company heat map analysis
TABLE 7 Key companies undergoing expansion
TABLE 8 Key companies involved in mergers & acquisitions
TABLE 9 Key companies involved in collaborations
TABLE 10 Key companies' new product launches
TABLE 11 Key companies' research & development
List of Figures
Fig. 1 Market snapshot
FIG. 2 Information procurement
FIG. 3 Data analysis models
FIG. 4 Market formulation and validation
FIG. 5 Data validating & publishing
FIG. 6 Market snapshot
FIG. 7 Segment snapshot
FIG. 8 Competitive landscape snapshot
FIG. 9 Industrial robotics market value, 2022 & 2030 (USD Million) (Thousand Units)
FIG. 10 Key opportunity analysis
FIG. 11 Industry value chain analysis
FIG. 12 Market dynamics
FIG. 13 Porter’s analysis
FIG. 14 PESTEL analysis
FIG. 15 Industrial robotics market, by application, key takeaways
FIG. 16 Industrial robotics market, by application, market share, 2022 & 2030
FIG. 17 Handling market estimates & forecasts, 2018 - 2030 (USD Million)
FIG. 18 Assembling & disassembling market estimates & forecasts, 2018 - 2030 (USD Million)
FIG. 19 Welding & soldering market estimates & forecasts, 2018 - 2030 (USD Million)
FIG. 20 Cleanroom market estimates & forecasts, 2018 - 2030 (USD Million)
FIG. 21 Dispensing market estimates & forecasts, 2018 - 2030 (USD Million)
FIG. 22 Processing market estimates & forecasts, 2018 - 2030 (USD Million)
FIG. 23 Others market estimates & forecasts, 2018 - 2030 (USD Million)
FIG. 24 Industrial robotics market, by end-use, key takeaways
FIG. 25 Industrial robotics market, by end-use, market share, 2022 & 2030
FIG. 26 Automotive market estimates & forecasts, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 27 Electric/Electronics market estimates & forecasts, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 28 Metal/Heavy Machinery market estimates & forecasts, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 29 Chemical market estimates & forecasts, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 30 Food market estimates & forecasts, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 31 Others market estimates & forecasts, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 32 Industrial robotics market revenue, by region, 2022 & 2030, (USD Million)
FIG. 33 North America industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 34 U.S. industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 35 Canada industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 36 Europe industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 37 U.K. industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 38 Germany industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 39 Italy industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 40 France industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 41 Spain industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 42 Asia Pacific industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 43 China industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 44 Japan industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 45 South Korea industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 46 India industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 47 Latin America industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 48 Brazil industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 49 Mexico industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 50 MEA industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 51 Saudi Arabia industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 52 South Africa industrial robotics market estimates & forecast, 2018 - 2030 (USD Million) (Thousand Units)
FIG. 53 Company market share analysis, 2022
FIG. 54 Strategic framework
Companies Mentioned
- ABB Ltd.
- Yaskawa Electric Corporation
- Mitsubishi Electric Corporation
- Nachi-Fujikoshi Corp.
- Comau SpA
- KUKA AG
- Fanuc Corporation
- Denso Corporation
- Kawasaki Heavy Industries, Ltd.
- Omron Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 163 |
| Published | March 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 26.52 Billion |
| Forecasted Market Value ( USD | $ 60.56 Billion |
| Compound Annual Growth Rate | 10.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
