Industrial Robotic Arms Market Trends and Drivers: Surging to $38.4 Billion by 2030 - Automotive and Electronics Sectors Propel Growth


Dublin, Oct. 17, 2023 (GLOBE NEWSWIRE) -- The "Industrial Robotic Arms - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Industrial Robotic Arms estimated at US$17 Billion in the year 2022, is projected to reach a revised size of US$38.4 Billion by 2030, growing at a CAGR of 10.8% over the analysis period 2022-2030.

Automotive, one of the segments analyzed in the report, is projected to record 10.8% CAGR and reach US$11.9 Billion by the end of the analysis period. Growth in the Electrical / Electronics segment is estimated at 11.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 12.5% CAGR

The Industrial Robotic Arms market in the U.S. is estimated at US$2.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$12.6 Billion by the year 2030 trailing a CAGR of 12.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8% and 8.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.4% CAGR.

Select Competitors (Total 102 Featured)

  • ABB Ltd.
  • DENSO Corporation
  • Dobot.cc
  • Fanuc Corporation
  • Flexiv Robotics Inc.
  • Gridbots Technologies Private Limited
  • Kawasaki Heavy Industries, Ltd.
  • KUKA Robotics Corporation
  • Mitsubishi Electric Corporation
  • NACHI-FUJIKOSHI CORP.
  • OMRON Corporation
  • Epson America, Inc.
  • Universal Robots A/S
  • Yaskawa Europe GmbH

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Established Use Case Across Diverse End-Use Sectors Bodes Well
  • Growing Concerns for Increasing Productivity and Ensuring Workers Safety Fuel Demand for Industrial Robotic Arms
  • Continued Emphasis on Automation Widens Business Prospects
  • Robotics End of Arm Tools Witnesses Increased Demand
  • Ongoing Shift Towards Industry 4.0 to Drive Next Wave of Growth
  • Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
  • IoT & Artificial Intelligence to Widen the Capabilities of Robotic Arm
  • Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
  • Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2022 and 2025
  • Shortage of Skilled Workers & Aging Workforce Underpin Uptake Volumes
  • Age Dependency Ratio in Select Countries (2010, 2020 & 2030): Percentage of Dependent People Per 100 Working Age Population
  • Automotive Sector: Dominant Consumer of Robotic Arms
  • World Automobile Production in Million Units: 2008-2022
  • Increasing Acceptance of Electric Vehicles Foster Growth for Industrial Robot Manufacturing Companies
  • High Growth Opportunities Identified in Food & Beverage Sector
  • Global Sales of Processed Foods in US$ Billion for Years 2014, 2016, 2018 and 2020
  • Automated Systems Gain Traction in Electrical & Electronics Production Units
  • Market to Gain from Growing Relevance in Healthcare and Pharmaceuticals Sector
  • Robotic Arms Step In to Resolve Critical Handling Needs
  • Effort to Resolve Prevailing Issues & Challenges Critical for Future Success of Rehabilitation Exoskeleton Robots
  • E-Commerce Widens the Opportunities for Robotic Arms
  • Global e-Commerce Sales as Percentage of Total Retail Sales (2015-2021)
  • Use of Industrial Robots in Agriculture Witnesses a Surge
  • Advancements in Industrial Robotics to Influence Future Prospects
  • Meca500 - The World's Most Compact and Smallest Industrial Robots
  • The SCARA
  • A Look Into Major Trends in the Robotic EOAT Marketspace
  • Resolving the Prevailing Challenges: Critical for Future Success
  • COLDArm, an Innovative Robotic Arm Tested by NASA for Working in Extreme Cold Environments (2022)
  • Introduction of Innovative Technologies Propel Demand for Industrial Robotic Arms

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/78co0

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