Industrial Robotics Market
According to Market Research Future (MRFR), the global industrial robotics market size is expected to expand at a rate of more than 14% from 2016 to 2022 (forecast period). The study on the global industrial robotics market discusses the COVID-19 review on a critical factor influencing the market growth. The research explores competition in regional and global markets, including a systematic assessment of factors that could significantly affect the outlook of the industry over the forecast period.
Industrial robotics is a system used for manufacturing, welding, painting, assembling, packaging and testing, and many other industrial applications. These are automated, programmable machines that minimize the high and tiring effort of producing and manufacturing consumer goods. Among its various articulated forms, SCARA and Cartesian robots are primarily used by industries.
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Market Dynamics
The primary driver of the growth of the industrial robotics market is the high demand for robotics products in industrial applications, especially in the manufacturing sector, the increasing investment of the automotive industry in technological innovation, and the increasing adoption of robotics in small and medium-sized organizations, among others.
Market Segmentation
The global market for industrial robotics has been segmented on the basis of types, applications, and end-users.
On the basis of types, the global industrial robotics market has been segmented into cartesian, SCARA, articulated, delta, 6-axis robots, redundant, dual-arm, and parallel, among others. The articulated robot segment held the largest market share in the global industrial robotics market in 2016 due to the increased use of these robots in the packaging and healthcare sectors of emerging economies.
Based on application, the global industrial robotics market has been segmented into material handling, welding, assembling, palletizing, and painting, among others.
Based on end-users, the global industrial robotics market has been segmented into automotive, electronics, rubber plastic, entertainment, food beverage, and pharmaceuticals, among others. The automotive industry is the main end-user of industrial robots. However, growth in the segment is expected to plunge due to a projected slowdown in the automotive industry during the assessment period. The food and beverage segment is projected to see the highest growth rate in the near future due to a rising food and beverage industry around the globe.
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Regional Analysis
Regionally, the global industrial robotics market has been segmented into Europe, Asia Pacific, North America, and the rest of the world.
The Asia Pacific dominates the global market for industrial robotics with the highest market share. Japan is the leading market for industrial robotics countries such as China and India are responsible for half of the market revenue and are therefore projected to rise with the highest revenue by 2022, followed by Europe. Europe is the second-highest market for industrial robotics, with more than 50% of the European enterprises adopting robotics technology in order to conduct their operations. North America is also showing a successful development in the industrial robotics industry in the coming years.
Key Players
Some of the industry giants in the global industrial robotics industry include ABB Ltd. (Switzerland), Denso Corporation (Japan), Kuka AG (Germany), Kawasaki Heavy Industries Ltd. (Japan), Bosch GmbH (Germany), Yaskawa Electric Corporation (Japan), Fanuc Corporation (Japan), Mitsubishi Electric Corporation (Japan), Rockwell Automation, Inc. (U.S.) and Toshiba Corporation (Japan) among others.
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