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Global Industrial Robotics Market, Size, Share, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Company Analysis

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    Report

  • 190 Pages
  • February 2022
  • Region: Global
  • Renub Research
  • ID: 5546185
Global Industrial Robotics Market will reach US$ 43.95 Billion by 2027. Robotics refers to that element of engineering and science where diverse robots are designed, manufactured, and then employed to substitute human involvement in various applications. Further, industrial robotics is the most progressive reform in the industries where a programmable device or mechanical machine is used to execute the day-to-day activities, which are not easy for a human to function as usual. Remarkably, the main benefit of an industrial robotics system is to reduce operational costs by reducing the time required to complete the work.



Worldwide Industrial Robotics Industry is expected to expand with a CAGR of 9.4% during 2021-2027:


Advancement in technology, growing demand for sophisticated products and components with high accuracy, and increasing professional working activity in remote and hazardous environments are significant factors driving the growth of the global industrial robotics market. Moreover, robots are also being used across the entire production cycle in assembly, dispensing, milling, inspection, packaging, and palletizing. Further, advancements in end effectors and vision systems are also expected to contribute to the push for the industrial robotics industry.

By Segment: Automotive Industry Capture Lion’s Share:


By Segment, the global Industrial robotics market is segmented into Automotive Industry, Electrical & Electronics Industry, Metal & Machinery Industry, Plastic & Chemical Products, and Food Industry. As per our analysis, the automotive industry segment of the global industrial robotics market is projected to capture the lion’s share. The efficiency in vehicle manufacturing, inspection, and superior finishing, along with the review, are some of the prime factors contributing to the industrial robotics demand in the automotive market. According to the publisher, Global Industrial Robotics Market Size has reached US$ 25.69 Billion in 2021.

Asia & Australia has Dominant Market in the Global Industrial Robotics Market


Asia/Australia has become dominant in the global industrial robotics market in recent years. The dominance of the Asian/Australian region is ascribable to the rising automation in countries such as China, India, Japan, the Republic of Korea, and Thailand. Furthermore, the increasing population and disposable income of people expand the consumption of consumer goods and other products, owing to which the production capability is increasing, further supplementing the market size. Hence, the adoption of robotics in industrial applications is enriching to map the demand.

Similarly, European countries like France, Germany, Italy, and Spain are anticipated to show exponential augmentation due to the instantaneous emergence of industry 4.0 and smart factories. In addition, increasing demand for customized & compact robotic systems. Furthermore, the United States, Canada, and Mexico, located in the American region, have also shown substantial growth due to its demand across the manufacturing vistas. Numerous suppliers are also scheming to extend their business in the coming years across the region.

Competitive Landscape:


The industrial robotics market is highly fragmented. Industry and digitalization initiatives across regions provide lucrative opportunities in the industrial robotics market. The degree of transparency is high, considering the number of robotic trade shows across conducted areas from time to time. Overall, the competitive rivalry amongst existing competitors is elevated. Driving forward, acquisitions and collaboration of large companies with start-ups are anticipated to focus on innovation.

The key players studied in our report are iRobot Corporation, Intuitive Surgical, Inc, Panasonic Corporation, Fanuc, ABB Ltd, Stryker Corporation, and Yaskawa Electric Corporation. April 2021: ABB’s new ‘cobot GoFa ‘was awarded the prestigious - “Best of the Best Red Dot” award for its unique design concept, making new robots appealing to the users and efficient.

COVID-19 Impact on Global Industrial Robotics Market Growth Trends:


Amidst the COVID-19 era, it has been observed that the demand for industrial robotics had slowed down. Further, to control the spread of the pandemic, many countries across the globe implemented strict lockdown norms, which hampered all kinds of business activities. Demand & supply of products, raw materials, and manufacturing facilities have been completely disrupted due to the pandemic, which created weak demand for industrial robotics across the globe. However, the market grew at a healthy pace in 2021.

This latest research report “Industrial Robotics Market, Global Forecast By Segments (Automotive Industry, Electrical & Electronics Industry, Metal &Machinery Industry, Plastic & Chemical Products, and Food Industry), Region [America (the United States, Canada, and Mexico), Europe(France, Germany, Italy, and Spain) and(Asia/Australia (China, India, Japan, the Republic of Korea, and Thailand), Rest of The World], Companies (iRobot Corporation, Intuitive Surgical, Inc, Panasonic Corporation, Fanuc, ABB Ltd, Stryker Corporation, and Yaskawa Electric Corporation)” provides a detailed analysis of Industrial Robotics Industry.

Segments - Market & Volume Analysis have been covered from 6 viewpoints:


  • Automotive Industry
  • Electrical & Electronics Industry
  • Metal & Machinery Industry
  • Plastic & Chemical Products
  • Food Industry
  • Others

Region - Robotics Market have been covered from 4 viewpoints:


  • America

  • United States
  • Canada
  • Mexico
  • Others

  • Europe

  • France
  • Germany
  • Italy
  • Spain
  • Others

  • Asia/Australia

  • China
  • India
  • Japan
  • Republic of Korea
  • Thailand
  • Others

  • Rest of The World

Company Insights:


  • Overview
  • Recent Development & Strategies
  • Financial Insights

Company Analysis:


  • iRobot Corporation
  • Intuitive Surgical, Inc
  • Panasonic Corporation
  • Fanuc
  • ABB Ltd
  • Stryker Corporation
  • Yaskawa Electric Corporation
Frequently Asked Questions about the Global Industrial Robotics Market

What is the estimated value of the Global Industrial Robotics Market?

The Global Industrial Robotics Market was estimated to be valued at $25.69 Billion in 2021.

What is the growth rate of the Global Industrial Robotics Market?

The growth rate of the Global Industrial Robotics Market is 9.4%, with an estimated value of $43.95 Billion by 2027.

What is the forecasted size of the Global Industrial Robotics Market?

The Global Industrial Robotics Market is estimated to be worth $43.95 Billion by 2027.

Who are the key companies in the Global Industrial Robotics Market?

Key companies in the Global Industrial Robotics Market include iRobot Corporation, Intuitive Surgical, Inc, Panasonic Corporation, Fanuc, ABB Ltd, Stryker Corporation and Yaskawa Electric Corporation.

Table of Contents

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Market & Volume Analysis - Global Industrial Robotics
5.1 Market
5.2 Volume
6. Share Analysis - Global Industrial Robotics
6.1 By Segment Market Share
6.2 By Segment Volume Share
6.3 By Region Market Share
6.3.1 America
6.3.2 Europe
6.3.3 Asia/Australia
7. Segments- Industrial Robotics Market & Volume Analysis
7.1 Automotive Industry
7.1.1 Market
7.1.2 Volume
7.2 Electrical & Electronics Industry
7.2.1 Market
7.2.2 Volume
7.3 Metal & Machinery Industry
7.3.1 Market
7.3.2 Volume
7.4 Plastic & Chemical Products
7.4.1 Market
7.4.2 Volume
7.5 Food Industry
7.5.1 Market
7.5.2 Volume
7.6 Others
7.6.1 Market
7.6.2 Volume
8. Region Industrial Robotics Market
8.1 America
8.1.1 United States
8.1.2 Canada
8.1.3 Mexico
8.1.4 Others
8.2 Europe
8.2.1 France
8.2.2 Germany
8.2.3 Italy
8.2.4 Spain
8.2.5 Others
8.3 Asia/Australia
8.3.1 China
8.3.2 India
8.3.3 Japan
8.3.4 Republic Of Korea
8.3.5 Thailand
8.3.6 Others
8.4 Rest of the World
9. Porters Five Forces
9.1 Overview
9.2 Bargaining Power of Buyers
9.3 Bargaining Power of Suppliers
9.4 Degree of Competition
9.5 Threat of New Entrants
9.6 Threat of Substitutes
10. Company Analysis
10.1 iRobot Corporation
10.1.1 Overview
10.1.2 Recent Development
10.1.3 Financial Insights
10.2 Intuitive Surgical, Inc
10.2.1 Overview
10.2.2 Recent Development
10.2.3 Financial Insights
10.3 Panasonic Corporation
10.3.1 Overview
10.3.2 Recent Development
10.3.3 Financial Insights
10.4 Fanuc
10.4.1 Overview
10.4.2 Recent Development
10.4.3 Financial Insights
10.5 ABB Ltd
10.5.1 Overview
10.5.2 Recent Development
10.5.3 Financial Insights
10.6 Stryker Corporation
10.6.1 Overview
10.6.2 Recent Development
10.6.3 Financial Insights
10.7 Yaskawa Electric Corporation
10.7.1 Overview
10.7.2 Recent Development
10.7.3 Financial Insights
List of Figures
Figure 01: Global - Industrial Robotics Market (Million US$), 2018 - 2021
Figure 02: Global - Forecast for Industrial Robotics Market (Million US$), 2022 - 2027
Figure 03: Global - Industrial Robotics Volume (Thousand), 2018 - 2021
Figure 04: Global - Forecast for Industrial Robotics Volume (Thousand), 2022 - 2027
Figure 05: Segments - Automotive Industry Market (Million US$), 2018 - 2021
Figure 06: Segments - Forecast for Automotive Industry Market (Million US$), 2022 - 2027
Figure 07: Segments - Automotive Industry Volume (Thousand), 2018 - 2021
Figure 08: Segments - Forecast for Automotive Industry Volume (Thousand), 2022 - 2027
Figure 09: Segments - Electrical & Electronics Industry Market (Million US$), 2018 - 2021
Figure 10: Segments - Forecast for Electrical & Electronics Industry Market (Million US$), 2022 - 2027
Figure 11: Segments - Electrical & Electronics Industry Volume (Thousand), 2018 - 2021
Figure 12: Segments - Forecast for Electrical & Electronics Industry Volume (Thousand), 2022 - 2027
Figure 13: Segments - Metal & Machinery Industry Market (Million US$), 2018 - 2021
Figure 14: Segments - Forecast for Metal & Machinery Industry Market (Million US$), 2022 - 2027
Figure 15: Segments - Metal & Machinery Industry Volume (Thousand), 2018 - 2021
Figure 16: Segments - Forecast for Metal & Machinery Industry Volume (Thousand), 2022 - 2027
Figure 17: Segments - Plastic & Chemical Products Market (Million US$), 2018 - 2021
Figure 18: Segments - Forecast for Plastic & Chemical Products Market (Million US$), 2022 - 2027
Figure 19: Segments - Plastic & Chemical Products Volume (Thousand), 2018 - 2021
Figure 20: Segments - Forecast for Plastic & Chemical Products Volume (Thousand), 2022 - 2027
Figure 21: Segments - Food Industry Market (Million US$), 2018 - 2021
Figure 22: Segments - Forecast for Food Industry Market (Million US$), 2022 - 2027
Figure 23: Segments - Food Industry Volume (Thousand), 2018 - 2021
Figure 24: Segments - Forecast for Food Industry Volume (Thousand), 2022 - 2027
Figure 25: Segments - Others Market (Million US$), 2018 - 2021
Figure 26: Segments - Forecast for Others Market (Million US$), 2022 - 2027
Figure 27: Segments - Others Volume (Thousand), 2018 - 2021
Figure 28: Segments - Forecast for Others Volume (Thousand), 2022 - 2027
Figure 29: America - United States Industrial Robotics Market (Million US$), 2018 - 2021
Figure 30: America - Forecast for United States Industrial Robotics Market (Million US$), 2022 - 2027
Figure 31: America - Canada Industrial Robotics Market (Million US$), 2018 - 2021
Figure 32: America - Forecast for Canada Industrial Robotics Market (Million US$), 2022 - 2027
Figure 33: America - Mexico Industrial Robotics Market (Million US$), 2018 - 2021
Figure 34: America - Forecast for Mexico Industrial Robotics Market (Million US$), 2022 - 2027
Figure 35: America - Others Industrial Robotics Market (Million US$), 2018 - 2021
Figure 36: America - Forecast for Others Industrial Robotics Market (Million US$), 2022 - 2027
Figure 37: Europe - France Industrial Robotics Market (Million US$), 2018 - 2021
Figure 38: Europe - Forecast for France Industrial Robotics Market (Million US$), 2022 - 2027
Figure 39: Europe - Germany Industrial Robotics Market (Million US$), 2018 - 2021
Figure 40: Europe - Forecast for Germany Industrial Robotics Market (Million US$), 2022 - 2027
Figure 41: Europe - Italy Industrial Robotics Market (Million US$), 2018 - 2021
Figure 42: Europe - Forecast for Italy Industrial Robotics Market (Million US$), 2022 - 2027
Figure 43: Europe - Spain Industrial Robotics Market (Million US$), 2018 - 2021
Figure 44: Europe - Forecast for Spain Industrial Robotics Market (Million US$), 2022 - 2027
Figure 45: Europe - Others Industrial Robotics Market (Million US$), 2018 - 2021
Figure 46: Europe - Forecast for Others Industrial Robotics Market (Million US$), 2022 - 2027
Figure 47: Asia/Australia - China Industrial Robotics Market (Million US$), 2018 - 2021
Figure 48: Asia/Australia - Forecast for China Industrial Robotics Market (Million US$), 2022 - 2027
Figure 49: Asia/Australia - India Industrial Robotics Market (Million US$), 2018 - 2021
Figure 50: Asia/Australia - Forecast for India Industrial Robotics Market (Million US$), 2022 - 2027
Figure 51: Asia/Australia - Japan Industrial Robotics Market (Million US$), 2018 - 2021
Figure 52: Asia/Australia - Forecast for Japan Industrial Robotics Market (Million US$), 2022 - 2027
Figure 53: Asia/Australia - Republic Of Korea Industrial Robotics Market (Million US$), 2018 - 2021
Figure 54: Asia/Australia - Forecast for Republic Of Korea Industrial Robotics Market (Million US$), 2022 - 2027
Figure 55: Asia/Australia - Thailand Industrial Robotics Market (Million US$), 2018 - 2021
Figure 56: Asia/Australia - Forecast for Thailand Industrial Robotics Market (Million US$), 2022 - 2027
Figure 57: Asia/Australia - Others Industrial Robotics Market (Million US$), 2018 - 2021
Figure 58: Asia/Australia - Forecast for Others Industrial Robotics Market (Million US$), 2022 - 2027
Figure 59: Rest Of The World - Industrial Robotics Market (Million US$), 2018 - 2021
Figure 60: Rest Of The World - Forecast for Industrial Robotics Market (Million US$), 2022 - 2027
Figure 61: iRobot Corporation - Global Revenue (Million US$), 2018 - 2021
Figure 62: iRobot Corporation - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 63: Intuitive Surgical, Inc - Global Revenue (Million US$), 2018 - 2021
Figure 64: Intuitive Surgical, Inc - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 65: Panasonic Corporation - Global Revenue (Million US$), 2018 - 2021
Figure 66: Panasonic Corporation - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 67: Fanuc - Global Revenue (Million US$), 2018 - 2021
Figure 68: Fanuc - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 69: ABB Ltd - Global Revenue (Million US$), 2018 - 2021
Figure 70: ABB Ltd - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 71: Stryker Corporation - Global Revenue (Million US$), 2018 - 2021
Figure 72: Stryker Corporation - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 73: Yaskawa Electric Corporation - Global Revenue (Million US$), 2018 - 2021
Figure 74: Yaskawa Electric Corporation - Forecast for Global Revenue (Million US$), 2022 - 2027
List of Tables
Table 01: Global - Industrial Robotics Market Share by Segment (Percent), 2018 - 2021
Table 02: Global - Forecast for Industrial Robotics Market Share by Segment (Percent), 2022 - 2027
Table 03: Global - Industrial Robotics Volume Share by Segment (Percent), 2018 - 2021
Table 04: Global - Forecast for Industrial Robotics Volume Share by Segment (Percent), 2022 - 2027
Table 05: Global - Industrial Robotics Market Share by America (Percent), 2018 - 2021
Table 06: Global - Forecast for Industrial Robotics Market Share by America (Percent), 2022 - 2027
Table 07: Global - Industrial Robotics Market Share by Europe (Percent), 2018 - 2021
Table 08: Global - Forecast for Industrial Robotics Market Share by Europe (Percent), 2022 - 2027
Table 09: Global - Industrial Robotics Market Share by Asia/Australia (Percent), 2018 - 2021
Table 10: Global - Forecast for Industrial Robotics Market Share by Asia/Australia (Percent), 2022 - 2027

Companies Mentioned

  • iRobot Corporation
  • Intuitive Surgical, Inc
  • Panasonic Corporation
  • Fanuc
  • ABB Ltd
  • Stryker Corporation
  • Yaskawa Electric Corporation

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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