Industrial Robotics Market was valued at USD 47.33 Billion in 2022, and is expected to reach USD 103.34 Billion by 2029, exhibiting a CAGR of 11.8 % during the forecast period (2023-2029)
Industrial Robotics Market Overview:
The Industrial Robotics Market report includes New recent developments, trade rules, import-export assessment, business model, value chain optimization, market share, the impact of domestic and localized market participants, evaluates opportunity in terms of emerging income pockets, shifts in market restrictions, tactical market growth analysis, sales volume, segment’s market growths, application niches and dominance, product approvals, product releases, geographic regions, etc..
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Industrial Robotics Market Scope:
A competitor’s information is provided in the highly competitive environment for the Industrial Robotics Market. The information includes a business overview, financials, revenue generated, market potential, research and development investment, new market efforts, geographical presence, firm advantages and disadvantages, product introduction, and application dominance. The information shown above is only related to the businesses’ focus on the Industrial Robotics industry.
Industrial Robotics Market Drivers:
The Companies have started focusing on automation of operational processes to reduce cost, save time, deliver high-quality products, and increase productivity to meet the stiff competition. And the report has analysed and has covered the direct positive impact of top line of the companies, which have implemented industrial robotics solution partially or fully. The report will give the penetration of industrial robotics in each industry by countries covered.
Industrial robots automate the internal processes and reduce workload of employees by working in collaboration with workers for better efficiency. They are used in the manufacturing industry for raw material handling and finished product packing; in factories for spot welding, arc welding, and extracted die castings; and in infrastructure and logistics for project monitoring and reducing human labor. Several companies concentrate on deploying industrial robots for dangerous and hazardous environmental tasks, owing to stringent safety regulations. Escalating need for automation across various industries drives the global industrial robotics market.
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Industrial Robotics Market Segmentation:
by Type
1. Articulated
2. Cartesian
3. SCARA
4. Cylindrical
5. Others
by Function
1. Automotive
2. Electrical & Electronics
3. Chemical, Rubber & Plastics
4. Machinery
5. Metals
6. Food & Beverages
7. Precision & Optics
8. Others
by End-Use Industry
1. Soldering & Welding
2. Materials Handling
3. Assembling & Disassembling
4. Painting & Dispensing
5. Milling, Cutting, & Processing
6. Others
Industrial Robotics Market Key Players:
The major players covered in the Industrial Robotics Market report are
1. Daihen Corporation
2. Denso Corporation
3. Epson America, Inc.
4. Fanuc Ltd.
5. Kawasaki Heavy Industries Ltd.
6. KUKA Robotics Corporation
7. Mitsubishi Electric Corporation
8. Nachi Robotic Systems, Inc.
9. Panasonic Corporation
10. Universal Robotics
11. Yaskawa Electric Corporation
12. ABB Ltd.
13. Robofusion
14. Kobelco Paint Robot
15. Kobe Steel Limited
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Regional Analysis:
The causes for the global Industrial Robotics Market’s rise, and the industry’s numerous users, are explored. Market participants, geographies, and special requirements all give data. This study proposal is ready for the market and offers a full evaluation of all important advancements that are now prevalent in all market sectors. Statistics, infographics, and demonstrations have been used to provide key data analysis.
COVID-19 Impact Analysis on Industrial Robotics Market:
The COVID-19 pandemic resulted in a severe and prolonged decline in production utilization, while travel bans and facility closures kept people away from their facilities, leading the Industrial Robotics Market to slow in 2020. The new research features COVID 19’s impact on the Industrial Robotics Market, as well as insights, analysis, estimations, and projections.
Key Questions Answered in the Industrial Robotics Market Report are:
- Which segment was responsible for the largest share in the Industrial Robotics market?
- How was the competitive scenario of the Industrial Robotics market in 2020?
- Which are the key factors responsible for the Industrial Robotics market growth?
- Which region held the maximum share in the Industrial Robotics market in 2020?
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