Dublin, April 24, 2023 (GLOBE NEWSWIRE) -- The "Industrial Robotics Market Size, Share & Trends Analysis Report By Application (Handling, Assembling, Processing), By End-Use (Automotive, Electronics), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
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.
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
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.
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
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 163 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $26.52 Billion |
| Forecasted Market Value (USD) by 2030 | $60.56 Billion |
| Compound Annual Growth Rate | 10.5% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
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
Chapter 7 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/am14a
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