Worldwide Industrial Robots Industry to 2028 - Featuring ABB, Fanuc and Schunk Among Others

Dublin, Nov. 03, 2021 (GLOBE NEWSWIRE) -- The "Global Industrial Robots Market 2021-2028" report has been added to's offering.

The global industrial robots market is anticipated to register growth at a CAGR of 10.35% through the projected period of 2021-2028.

Factors such as rising R&D investments in robots, rising adoption of industrial robots, and emerging smart factories are stimulating the growth of the studied market. Robots are widely adopted in the F&B industry as they comply with stringent hygiene regulations, meeting growing demand. Additionally, the employment of cobots in workplaces, coupled with the implementation of AI in industrial robots, creates new opportunities for the industrial robots market.

However, the high cost, lack of skilled labor, and resistance among employees are restricting the development of the industrial robots market to a large extent.

Regional Outlook

The global industrial robots market covers North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa regions.

Globally, the Asia-Pacific is likely to witness the fastest growth in the industrial robots market over the forecasted period. The region is among the strongest market for industrial robots as governments are investing heavily in robotics and AI research. As a result, AI, high investments, and tax incentives at the national level have paved the way for robot adoption across various industries. Among major industries, robots are widely adopted in the electrical and electronics industry. Several manufacturers opt for robotic automation to improve productivity and output quality, which drives the progression of the industrial robots market across the region.

Competitive Outlook

The major companies in the industrial robots market include Nachi Fujikoshi Corporation, Kuka AG, Rethink Robotics, Kawasaki Heavy Industries Ltd, Omron Adept, ABB Ltd, Schunk GmbH, Fanuc Corporation, Universal Robots, Mitsubishi Electric Corporation, Staubli International AG, Rockwell Automation Inc, Aurotek Corporation, Yamaha Robotics, and Seiko Epson Corporation.

ABB Ltd is a global provider of power and automation technologies. It offers products, systems, solutions, and services to enhance productivity, increase power reliability, and improve energy efficiency. Additionally, it provides digitally connected industrial equipment and systems to consumers across transport, utilities, and infrastructure industries, among others. ABB has operations across Europe, Asia-Pacific, Latin America, North America, and Middle East and Africa. It is headquartered in Switzerland.

Key Topics Covered:

1. Global Industrial Robots Market - Summary

2. Industry Outlook
2.1. Impact of Covid-19 on Industrial Robots Market
2.2. Key Insights
2.2.1. Growing Industrial IoT 4.0
2.2.2. Use of Robots to Reduce Carbon Footprint
2.2.3. Incorporating Human-Robot Interaction in Industrial Robots
2.3. Porter's Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitutes
2.3.3. Bargaining Power of Buyers
2.3.4. Bargaining Power of Suppliers
2.3.5. Threat of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Key Market Strategies
2.6.1. Contracts & Agreements
2.6.2. Product Launches
2.6.3. Investments & Expansions
2.7. Market Drivers
2.7.1. Rising R&D Investments in Robots
2.7.2. Increasing Adoption of Industrial Robots
2.7.3. Emerging Smart Factories
2.8. Market Challenges
2.8.1. Scarcity of Skilled Workforce
2.8.2. Resistance Among Employees
2.8.3. High Cost of Industrial Robots
2.9. Market Opportunities
2.9.1. Employing Cobots in Workplaces
2.9.2. Adoption of Autonomous Mobile Robots (Amrs)
2.9.3. Utilization of Ai in Industrial Robots

3. Global Industrial Robots Market Outlook - by Type
3.1. Articulated Robots
3.2. Cartesian Robots
3.3. Scara Robots
3.4. Cylindrical Robots
3.5. Other Robots

4. Global Industrial Robots Market Outlook - by Application
4.1. Material Handling
4.2. Assembling & Disassembling
4.3. Welding & Soldering
4.4. Dispensing
4.5. Processing
4.6. Other Applications

5. Global Industrial Robots Market Outlook - by Verticals
5.1. Automotive
5.2. Electronic & Electric
5.3. Machinery Products & Metal
5.4. Chemical, Plastics, & Rubber
5.5. Food & Beverage
5.6. Other Verticals

6. Global Industrial Robots Market - Regional Outlook
6.1. North America
6.1.1. Market by Type
6.1.2. Market by Application
6.1.3. Market by Verticals
6.1.4. Country Analysis United States Canada
6.2. Europe
6.2.1. Market by Type
6.2.2. Market by Application
6.2.3. Market by Verticals
6.2.4. Country Analysis United Kingdom Germany France Spain Italy Russia Rest of Europe
6.3. Asia-Pacific
6.3.1. Market by Type
6.3.2. Market by Application
6.3.3. Market by Verticals
6.3.4. Country Analysis China Japan India South Korea Asean Countries Australia & New Zealand Rest of Asia-Pacific
6.4. Latin America
6.4.1. Market by Type
6.4.2. Market by Application
6.4.3. Market by Verticals
6.4.4. Country Analysis Brazil Mexico Rest of Latin America
6.5. Middle East and Africa
6.5.1. Market by Type
6.5.2. Market by Application
6.5.3. Market by Verticals
6.5.4. Country Analysis United Arab Emirates Saudi Arabia Turkey South Africa Rest of Middle East & Africa

7. Competitive Landscape
7.1. Abb Ltd
7.2. Aurotek Corporation
7.3. Fanuc Corporation
7.4. Kawasaki Heavy Industries Ltd
7.5. Kuka AG
7.6. Mitsubishi Electric Corporation
7.7. Nachi Fujikoshi Corporation
7.8. Omron Adept
7.9. Rethink Robotics
7.10. Rockwell Automation Inc
7.11. Schunk GmbH
7.12. Seiko Epson Corporation
7.13. Staubli International AG
7.14. Universal Robots
7.15. Yamaha Robotics

8. Research Methodology & Scope

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