Global Industrial Robotics Market is expected to generate a revenue of USD 75.3 Billion by 2026, registering a CAGR of 10.3% during forecast period (2019-2026), owing to the growing use of industrial robotics across various end-use industries including automotive, construction, chemical, manufacturing and food and beverage (F&B).

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Key Drivers and Emerging Trends

The Industrial Robotics Market is predicted to experience a smooth growth curve over the upcoming years, owing to its remarkable benefits, including increased operational efficiency, better efficiency, and elasticity. Increasing adoption of industrial robots in the food industry to cater the growing demand for ready to eat and packaged food items is forecast to expand the market share. With the growing government emphasis on improving the productivity of high-volume production lines, primarily in the electronic devices and vehicle production, the industrial robotics market is projected to boom. Increasing implementation of robotic technologies has helped industries in reducing the overhead costs, improve flexibility, increase productivity, and minimize waste, which will offer enormous opportunities to the market. Moreover, as per the Industrial Robotics Market Analysis, strategic government initiatives such as investment in skills, subsidies for research and development, tax incentives, to encourage the adoption of industrial robots, will expand the market growth. However, the high implementation cost of industrial robots and safety hazards are projected to impede the Industrial Robotics Market size over the upcoming years.

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End-Use Industry Analysis
The automotive segment is anticipated to witness a higher CAGR over the upcoming years, owing to the emerging need of automation in the automotive manufacturing process and rapid digitalization. Further, the cost-efficiency, safety, and job efficiency offered by automotive robotics has encouraged their adoption, driving the segment’s growth. Moreover, the expansion of automotive industry in Asia will generate enormous opportunities for the global industrial robot market. For instance, According to IEA, China recorded total registration of 3.4 million Electric vehicles, which accounted for 51.5% of the global market share.

Type Segment Analysis
With the growing use of articulated robots in the automotive industry to perform a variety of tasks, the articulated robot is estimated to expand at a higher CAGR during the forecast period. In addition, the adoption of articulated robots has increased in pharmaceutical & cosmetic industries to achieve seamless automation across manufacturing processes in the pharmaceutical sector will expand the segment growth.

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Regional Analysis
The constantly rising labour cost in the Asia Pacific region has persuaded producers to emphasize on automating the manufacturing processes to maintain their cost advantage, which is projected to pave the way for Asia Pacific Regional growth. The region is home to several major manufacturing hubs which is another factor driving the regional growth. North America is expected to expand at a faster CAGR over the forecast period, due to the advent of fourth industrial revolution, fueling the demand for customized and small robotic systems.

Top Market Players

Various notable players operating in the market, includes Kawasaki Robotics, Mitsubishi Electric Corporation, Schneider Electric, Comau Robotics, Siemens AG, Omron Corporation, Nachi-Fujikoshi, Universal Robots, Wittmann Battenfeld Group, IGM, Siasun Robot and Automation etc.

Key Developments:

• • In 2022 – Comau and IUVO launched wearable robotics solutions to strengthen the work efficiency of operators engaged in manually moving loads. The main motive is to ensure the well-being by decreasing lower back fatigue.
  • In 2022 – Yaskawa Electric Corporation acquired shares of Doolim-Yaskawa Co., Ltd. to initiate its operation in the sealing system and the robotic painting market.
  • In 2021 – Kawasaki Heavy Industries, Ltd. and Sony Group Corporation entered into an agreement to develop a new company in order to manage the remote robot platform businesses. The new company will lead to advancements in technological capabilities for building remote robot platforms in which the robots can operate from distant areas primarily by providing robot software and solution services.
  • In 2021 – ABB acquired ASTI Mobile Robotics Group (ASTI), to expand the production of ABB robotics and automation and offer a next generation of flexible automation.

Segments covered in the Report:

The Industrial Robotics Market has been segmented on the basis of type, operation, end-use, and key geographies. Based on type, the market comprises of Articulated robots, Cylindrical robots, Selective Compliant Assembly Robot Arm (SCARA) robots, Cartesian robots, and others. The research report “Global Industrial Robotics Market” provides in-depth analysis of global Industrial Robot market based on type, operation, end-use and major geographies for the forecast period from 2019 to 2026. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global Patient Positioning Device market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

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Key questions answered in this research report:
1- At what pace is Industrial Robotics Market growing? What will be growth trend in future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Patient Positioning Device market?
4- What are the various application areas and how they are poised to grow?

Market Segmentation

Global Industrial Robotics Market By Type

• Articulated robots
• Cylindrical Robots
• Selective Compliant Assembly Robot Arm (SCARA) robots
• Cartesian Robots
• Others

Global Industrial Robotics Market By Operation

• Milling
• Drilling
• Material Handling
• Wielding
• Inspection
• Assembly
• Others

Global Industrial Robotics Market By End Use

• Manufacturing, Automotive
• Electrical & Electronics
• Metals & Machinery
• Healthcare
• Others

Global Industrial Robotics Market By Region

• North America Industrial Robotics Market (Option 1: As a part of the free 25% customization)
• • By Type
  • By Operation
  • By End Use
  • US Market All-Up
  • Canada Market All-Up

• Europe Industrial Robotics Market (Option 2: As a part of the free 25% customization)
  • By Type
  • By Operation
  • By End Use
  • UK Market All-Up
  • Germany Market All-Up
  • France Market All-Up
  • Spain Market All-Up
  • Rest of Europe Market All-Up
• Asia-Pacific Industrial Robotics Market (Option 3: As a part of the free 25% customization)
  • By Type
  • By Operation
  • By End Use
  • China Market All-Up
  • India Market All-Up
  • Japan Market All-Up
  • Rest of APAC Market All-Up
• RoW Industrial Robotics Market (Option 4: As a part of the free 25% customization)
  • By Type
  • By Operation
  • By End Use
  • Brazil Market All-Up
  • South Africa Market All-Up
  • Saudi Arabia Market All-Up
  • UAE Market All-Up
  • Rest of world (remaining countries of the LAMEA region) Market All-Up

Leading market players
• Kawasaki Robotics
• Mitsubishi Electric Corporation
• Schneider Electric
• Comau Robotics
• Siemens AG
• Omron Corporation
• Nachi-Fujikoshi
• Universal Robots
• Wittmann Battenfeld Group
• IGM
• Siasun Robot and Automation