In a report named ” Industrial Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2030,” issued recently by Renub Research, market share insights are incorporated along with a detailed industry analysis. The analysis of competitors, topographical regions, and growth for Industrial Robotics Market is also enclosed in the report.
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Industrial Robotics Market will expand at a CAGR of 7.72% between 2022 and 2030. Typically, industrial robots offer positive benefits like system flexibility, cost effectiveness, advanced data analytics, reduced waste, and workplace safety, which has increased their market popularity. Industrial robots make it easier to lift heavy loads during the customization of machinery and vehicles. The market potential will grow as smart factories proliferate. The market is expanding as a result of factors like rising consumer goods demand, increased public awareness of industrial accidents, and employee safety.
Moreover, with an increase in robot sales, the buzz around robotics is loud. The increasing trend of Industry 4.0 is enterprising the use of robotics and smart manufacturing in the industrial field. Manufacturers are expanding their facilities to meet the growing demand for industrial robotics. For example, in December 2022, ABB Ltd. inaugurated a new mega robotics business unit for production and research in Shanghai, China. The company spent around USD 150 million to build the 67,000-square-meter factory.
Industrial robots make it easier to lift heavy loads during the customization of machinery and vehicles. The market potential will grow as smart factories proliferate. Factors such as rising consumer goods demand, increased public awareness of industrial accidents, and employee safety are all promoting market growth. Furthermore, manufacturers are focusing on R&D efforts in order to incorporate AI and create advanced sensors, which will accelerate the market's growth over the forecast timeline. Due to changes in the market, venture capitalists are ready to fund startups that develop, test, and produce robots.
However, businesses are gradually resuming their usual levels of production and services. Industrial robot companies are expected to resume full operations, which will aid in the market's recovery over the forecast period. Industrial Robotics Market will value about at US$44.51 Billion by 2030.
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The automotive sector unwavering reliance on industrial robotics is poised to expand further, fuelling both market growth and volume.
As automotive manufacturers aim for heightened productivity, quality, and flexibility, industrial robots offer the precise, consistent, and adaptable automation necessary for tasks like welding, painting, and assembly. With the transition to electric vehicles and self-driving technology, innovative production processes require advanced robotics to meet complex demands. As consumer preferences shift and markets expand, the demand for vehicles escalates, driving higher production volumes that necessitate efficient automation. The integration of artificial intelligence and the Industrial Internet of Things (IoT) in robotics enhances predictive maintenance and real-time insights. These factors underpin the automotive industry pivotal role in the global industrial robotics market and its projected growth.
Segments – Global Industrial Robotics Market and Volume has been covered from six viewpoints.
- Automotive Industry & Forecast
- Electrical & Electronics Industry & Forecast
- Metal &Machinery Industry & Forecast
- Plastic & Chemical Products
- Food Industry & Forecast
The United States is poised to dominate the North America industrial robotics market.
With a robust economy and diverse industries, including automotive, electronics, aerospace, and pharmaceuticals, the U.S. drives substantial demand for industrial robots across multiple sectors. Its technological prowess, research institutions, and thriving innovation ecosystem foster continuous advancements in automation and robotics. The nation strategic investments in research and development further propel innovation, resulting in cutting-edge robotic solutions. The ongoing drive for increased productivity, precision, and cost-effectiveness in manufacturing, coupled with reshoring efforts, also aligns with the capabilities of industrial robots. A skilled workforce, supportive government policies, and a history of successful integration of automation technologies position the United States to maintain its dominant position in the competitive North America industrial robotics market.
North America – Industrial Robotics Market has been covered from four viewpoints.
- United States
Due to its long history of manufacturing, outstanding engineering, and technological innovation, Germany has quickly risen to the top of the Europe industrial robotics market.
Germany has established industries, encompassing automotive, machinery, and electronics, which propels demand for industrial robots across various sectors. Germany commitment to Industry 4.0, emphasizing smart manufacturing and automation, aligns with the capabilities of advanced robotics. A strong network of research institutions and industry collaboration fosters continuous technological advancements. The country skilled workforce, favorable investment climate, and comprehensive approach to automation bolster its position as a dominant player in the Europe industrial robotics market.
Europe – Industrial Robotics Market has been covered from 5 viewpoints.
The global industrial robotics market is home to companies like KUKA, iRobot, Intuitive Surgical, Panasonic, Fanuc, ABB Ltd., and Stryker Corporation.
- Recent Development and Initiatives
- Sales Analysis
- iRobot Corporation
- Intuitive Surgical Inc.
- Panasonic Corporation
- ABB Ltd
- Stryker Corporation
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