Market Overview:
The global industrial robotics market size reached US$ 18.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 49.7 Billion by 2032, exhibiting a growth rate (CAGR) of 11.95% during 2024-2032. Bolstering growth of the automotive industry, the rising product adoption across the food and beverage (F&B) industry, and ongoing product innovations and technological advancements represent some of the key factors driving the market.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023 |
US$ 18.0 Billion |
Market Forecast in 2032 |
US$ 49.7 Billion |
Market Growth Rate 2024-2032 |
11.95% |
Industrial robotics are machines that can perform production-related tasks automatically and are commonly used in industrial settings. They are utilized for various purposes, such as painting, welding, packaging, labeling, palletizing, testing, and inspecting industrial products. In addition to this, industrial robotics are employed for mechanical cutting, grinding, deburring, adhesive sealing, spot welding, and material handling. These robots help increase production, improve quality consistency, reduce wastage, enhance safety, optimize the use of space and time resources, and improve manufacturing and production processes. Consequently, they are extensively adopted across pharmaceutical, construction, automotive, chemical, manufacturing, and food and beverage (F&B) industries.
Industrial Robotics Market Trends:
The bolstering expansion of the automotive industry, wherein industrial robotics are extensively employed for various tasks, including painting, welding, quality inspection, and assembling components, such as door handles, pumps, and windshield wipers, represents the key factor driving the market growth. Moreover, the surging demand for ready-to-eat (RTE) and packaged food products across the globe has led to the widespread adoption of industrial robotics in the thriving F&B sector, thus creating a favorable outlook for the market. In addition to this, the integration of advanced technologies like artificial intelligence (AI) and big data solutions that help manage supply chains, handle products, and monitor accuracy, production, and performance are acting as significant growth-inducing factors. Concurrent with this, the introduction of collaborative robots, which can enhance production output, safety, and flexibility in the human environment, and perform repetitive tasks faster, is contributing to the market growth. Furthermore, the advent of smart factory systems, rising consumer spending in emerging economies, and various government initiatives for the development of intelligent robots are presenting remunerative growth opportunities for the market.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial robotics market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, function and end use industry.
Type Insights:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Articulated Robots
- Cartesian Robots
- SCARA Robots
- Cylindrical Robots
- Parallel Robots
- Others
The report has provided a detailed breakup and analysis of the industrial robotics market based on the type. This includes articulated, cartesian, SCARA, cylindrical, parallel, and other robots. According to the report, articulated robots represented the largest segment.
Function Insights:
- Soldering and Welding
- Materials Handling
- Assembling and Disassembling
- Painting and Dispensing
- Milling, Cutting and Processing
- Others
A detailed breakup and analysis of the industrial robotics market based on the function has also been provided in the report. This includes soldering and welding, materials handling, assembling and disassembling, painting and dispensing, milling, cutting and processing, and others. According to the report, materials handling accounted for the largest market share.
End Use Industry Insights:
- Automotive
- Electrical and Electronics
- Chemical, Rubber, and Plastics
- Machinery and Metals
- Food and Beverages
- Precision and Optics
- Pharmaceutical
- Others
The report has provided a detailed breakup and analysis of the industrial robotics market based on the end-use industry. This includes automotive, electrical and electronics, chemical, rubber, and plastics, machinery and metals, food and beverages, precision and optics, pharmaceutical, and others. According to the report, electrical and electronics represented the largest segment.
Breakup by Region:
To get more information on the regional analysis of this market, Request Sample
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Russia, Spain, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for industrial robotics. Some of the factors driving the Asia Pacific industrial robotics market included the growing product demand from the automotive and F&B industries, continuous product innovations, and the advent of smart factories.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global industrial robotics market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include ABB Ltd., DAIHEN Corporation, DENSO Corporation, FANUC, Kawasaki Heavy Industries Ltd., KUKA AG, Mitsubishi Electric Corporation, Nachi-Fujikoshi Corp., OMRON Corporation, Panasonic Corporation, Seiko Epson Corporation, Universal Robots A/S (Teradyne Inc.), Yamaha Motor Co. Ltd. and Yaskawa Electric Corporation. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Type, Function, End Use Industry, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
ABB Ltd., DAIHEN Corporation, DENSO Corporation, FANUC, Kawasaki Heavy Industries Ltd., KUKA AG, Mitsubishi Electric Corporation, Nachi-Fujikoshi Corp., OMRON Corporation, Panasonic Corporation, Seiko Epson Corporation, Universal Robots A/S (Teradyne Inc.), Yamaha Motor Co. Ltd. and Yaskawa Electric Corporation. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global industrial robotics market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global industrial robotics market?
- What is the impact of each driver, restraint, and opportunity on the global industrial robotics market?
- What are the key regional markets?
- Which countries represent the most attractive industrial robotics market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the industrial robotics market?
- What is the breakup of the market based on the function?
- Which is the most attractive function in the industrial robotics market?
- What is the breakup of the market based on the end use industry?
- Which is the most attractive end use industry in the industrial robotics market?
- What is the competitive structure of the global industrial robotics market?
- Who are the key players/companies in the global industrial robotics market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the industrial robotics market from 2018-2032.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global industrial robotics market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the industrial robotics industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.