Industrial Robotics Market: Overview

New innovative developments are positively impacting the manufacturing sector in terms of limiting waste, defects, and downtime. Industrial robotics overcomes the shortcomings of conventional work in industries and improves the capacity of operators. Industrial robots also provide an upper hand by influencing business processes to be more unique. Increasing focus on improving the productivity of large volume production, especially in the manufacturing of electronic gadgets and vehicles is one of the factors influencing market development.

The global market for industrial robotics is predicted to witness a CAGR of 9% during the forecast period from 2019 to 2027, with an estimated value of US$ 297 Bn by end of 2027.

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Industrial robots are the fulcrum of industrial robotics, which by definition are automatically controlled, reprogrammable, multipurpose manipulator laid out in three or more axes. Industrial robots can either be fixed or mobile for use in industrial automation.

The scope definition of industrial robots is not limited to this. For the manufacturing sector, industrial robots are defined as labor that can perform dangerous or repetitive tasks for manufacturing operation with a high degree of accuracy.

The entirety of industrial robots with their impressive advantages has led to the emergence of industrial robotics – the highly specialized branch of technology. It deals with the design, building, operation, and application of robots.

Currently industrial robotics is at an early stage, with the manufacturing sector witnessing leading adoption for production processes. However, the scope of deployment of industrial robotics is immense with collaborative robots anticipated to continue the leading demand. This is because collaborative robots are designed to automate work easily, hence find extensive applications mainly in the manufacturing sector.

Besides automation of processes, collaborative robots are used in pick and place, screw driving, assembly, lab testing, and quality inspection processes. Advantages of improvement of safety aspect, improved production output, and faster rate of performing repetitive tasks attract the deployment of collaborative robots.

The growth of industrial robotics market is receiving impetus from prospects of adoption of industrial robots by SMEs in developing economies of Asia Pacific. High ROI of deployment of industrial robots is attracting investments from stakeholders in the industrial robotics market.

In addition, the expanding scope of deployment of industrial robots in automotive and consumer electronics sectors will provide promising growth in the industrial robotics market.

The adoption of industrial robots and the field of industrial robotics is also related to the need to develop innovative approaches in production cycles. This is because deployment of industrial robots is directly proportional to limit waste, limit defects, and minimize downtime in production cycles. This implies the processes of industrial robotics help overcome the limitations of conventional production processes and improve capacity of operators as well.

The advantage to influence business processes to be unique is accentuating growth in industrial robotics market.

Growing Demand for Collaborative Robots to Drive Industrial Robotics Market

Collaborative robots are built to work alongside human beings through interaction in a shared workspace. Collaborative robots have the ability to automate the work easily and hence, are used across a variety of applications such as packaging, pick and place, screw driving, assembly, lab testing, and quality inspection. Furthermore, collaborative robots help companies to enhance the production output with better work safety, as these robots can perform repetitive work at a faster pace. Demand for collaborative robots is continuously on the rise from different industry verticals including retail, healthcare, automotive manufacturing, and others, owing to their numerous benefits and associated applications. Several manufacturers operate in the industrial robotics domain such as Universal Robots, KUKA AG, and Franka Emika GmbH, offering a wide variety of collaborative robots for various industries.

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Significant ROI to Propel Market Growth

Industrial robots provide a high ROI to entrepreneurs and producers operating in the industrial robotics marketplace around the world. However, underlying expenses of buying these gadgets is high and can be especially costly to organizations that purchase these gear in bulk instead of a replacement purchase or one-time purchase. Besides, these costs are followed by initial installation and training expenses and repeated cost for support and maintenance. These high rates are unfeasible to players having an extremely restricted spending plan.

Globally, Asia Pacific is expected to be the fastest developing market to a great extent due to the rise in research and development activities in Australia, Japan, India, and China. Adoption and popularity of robotics in small and medium enterprises (SME's) is additionally anticipated to strengthen the industrial robotics market in the region of Asia Pacific. Additionally, the application of industrial robots is growing across a large number of applications; for instance, consumer electronics, electrical, and automotive is additionally anticipated to boost the development of the market during the forecast period from 2019 to 2027.

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Some of the key players operating in the global industrial robotics market are

  • KUKA Robotics Corporation
  • FANUC Ltd.
  • Denso Corporation
  • Yaskawa Motoman Robotics

These players are introducing novel and technologically advanced industrial robots to capture a prominent portion of market share around the world. For instance, in 2020, KUKA AG, an industrial robot manufacturer, launched a novel industrial robot named “KR IonTec” for payload capacity of 30-70 kg.

Industrial Robotics Market - Scope of the Report

The rising demand for industrial robots across different industry verticals, regions, and applications is expected to propel the industrial robotics market during the forecast period 2019– 2027. Globally, Asia Pacific is analyzed to be the fastest growing market largely due to research and development infrastructure growth in countries such as Japan, Australia, China, and India. Adoption of robotics in small and medium enterprises (SME’s) is further expected to bolster the industrial robotics market in the Asia Pacific region. Additionally, demand for industrial robots across major application segments such as electrical, consumer electronics, and automotive is expected to fuel growth over the forecast period 2019– 2027. Countries such as Italy, Germany, France, and the U.K. are expected to be key contributors to the growth of the industrial robotics market in Europe. In North America, Mexico is expected to offer tremendous potential across varied application sectors in the coming years. Thus, the market for industrial robotics is expected to witness healthy growth across industry verticals and regions.

This market research studies the industrial robotics market on a global level and estimates the market in terms of revenue (US$ Bn) from 2019 to 2027. It identifies the drivers and restraints affecting the market and studies their impact over the forecast period 2019 to 2027. In addition, the report analyzes the opportunities for growth in the industrial robotics market over the forecast period.

The report segments the industrial robotics market based on types of robots into cylindrical robots, articulated robots, Cartesian robots, SCARA robots, and other types of robots. The market has further been segmented on the basis of industries served which comprise electrical & electronics, automotive, machinery, chemical, rubber & plastics, metals, precision & optics, food & beverages, and others. Besides, the report segments the market based on functions, which includes materials handling; soldering and welding; assembling & disassembling; milling, cutting and processing; painting and dispensing; and others. Finally, the report segments the market on the basis of region into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). All these segments have been further estimated in terms of revenue (US$ Bn).

A comprehensive analysis of the value chain offers an enhanced understanding of the market. A detailed Porter’s Five Forces analysis has been provided for a better perceptive of the intensity of competition in the industrial robotics market. The study further includes a market attractiveness analysis, wherein industrial robotics applications have been benchmarked based on their growth rate, market size, and overall attractiveness.

The industrial robotics market report provides company market share analysis of key players. These players have been profiled on aspects such as company overview, financial overview, business strategy, SWOT analysis, and recent developments in the market. Some of the key players profiled in the report include Denso Corporation, KUKA Robotics Corporation, FANUC Ltd., and Yaskawa Motoman Robotics.

Global Industrial Robotics Market: Segmentation 

Industrial Robotics Market, by Type

  • Cartesian
  • Articulated
  • Cylindrical
  • SCARA
  • Others

Industrial Robotics Market, by Industry

  • Electrical & Electronics
  • Automotive
  • Machinery
  • Chemical
  • Rubber & Plastics
  • Food & Beverages
  • Metals
  • Precision & Optics
  • Others

Industrial Robotics Market, by Function

  • Materials Handling
  • Milling
  • Cutting & Processing
  • Soldering & Welding
  • Painting
  • Dispensing
  • Assembling & Disassembling
  • Others

Industrial Robotics Market, by Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Chapter 1 Preface

1.1 Report Description

1.2 Research Scope

1.3 Research Methodology

Chapter 2 Executive Summary

Chapter 3 Market Overview

3.1 Introduction

3.2 Value chain analysis

3.3 Market Drivers

       3.3.1 Rising demand for automation as labor gets expensive

       3.3.2 Reduction of duties and increased investments on research and development

       3.3.3 Access to new industries and adoption of robotics in SME’s

3.4 Market Restraints

       3.4.1 Postponement in investment due to high capital costs

       3.4.2 Stagnation of industrial manufacturing

3.1 Market Opportunities

       3.1.1 Major usage of industrial robotics in manufacturing

       3.1.2 Geographic as well as strategic expansion

3.2 Porter’s Five Forces Analysis

       3.2.1 Bargaining power of suppliers

       3.2.2 Bargaining power of buyers

       3.2.3 Threat from substitutes

       3.2.4 Threat of new entrants

       3.2.5 Degree of competition

3.3 Industrial robotics: Market attractiveness analysis

3.4 Industrial robotics: Company market share analysis

Chapter 4 Global Industrial Robotics Market: By Types

4.1 Industrial robotics market: Type overview

       4.1.1 Global industrial robotics market revenue share, by types, 2017 – 2027

4.2 Articulated Robots

       4.2.1 Global articulated robots market, 2017 – 2027, (USD Bn) 

       4.2.2 Global articulated robots market, by industry, 2017 – 2027, (USD Bn) 

4.3 Cartesian Robots

       4.3.1 Global Cartesian robots market, 2017 – 2027, (USD Bn) 

       4.3.2 Global Cartesian robots market, by industry, 2017 – 2027, (USD Bn) 

4.4 Selective Compliant Assembly Robot Arm (SCARA) Robots

       4.4.1 Global SCARA robots market, 2017 – 2027, (USD Bn) 

       4.4.2 Global SCARA robots market, by industry, 2017 – 2027, (USD Bn) 

4.5 Cylindrical Robots

       4.5.1 Global cylindrical robots market, 2017 – 2027, (USD Bn) 

       4.5.2 Global cylindrical robots market, by industry, 2017 – 2027, (USD Bn) 

4.6 Other Robots

       4.6.1 Global other robots market, 2017 – 2027, (USD Bn) 

       4.6.2 Global other robots market, by industry, 2017 – 2027, (USD Bn) 

Chapter 5 Global Industrial Robotics Market: By Industry

5.1 Industrial robotics market: Industry overview

       5.1.1 Global industrial robotics market revenue share, by industry, 2017 – 2027

5.2 Automotive

       5.2.1 Global automotive industry market, 2017 – 2027, (USD Bn) 

5.3 Electrical & Electronics

       5.3.1 Global electrical & electronics industry market, 2017 – 2027, (USD Bn) 

5.4 Chemical, Rubber & Plastics

       5.4.1 Global chemical, rubber & plastics industry market, 2017 – 2027, (USD Bn) 

5.5 Machinery

       5.5.1 Global machinery industry market, 2017 – 2027, (USD Bn) 

5.6 Metals

       5.6.1 Global metals industry market, 2017 – 2027, (USD Bn) 

5.7 Food & Beverages

       5.7.1 Global food & beverages industry market, 2017 – 2027, (USD Bn) 

5.8 Precision & Optics

       5.8.1 Global precision & optics industry market, 2017 – 2027, (USD Bn) 

5.9 Others

       5.9.1 Global others industry market, 2017 – 2027, (USD Bn) 

Chapter 6 Global Industrial Robotics Market: By Function

6.1 Industrial robotics market: Function overview

       6.1.1 Global industrial robotics market revenue share, by function, 2017 – 2027

6.2 Soldering and Welding

       6.2.1 Global soldering and welding function market, 2017 – 2027, (USD Bn) 

6.3 Materials Handling

       6.3.1 Global materials handling function market, 2017 – 2027, (USD Bn) 

6.4 Assembling and Disassembling

       6.4.1 Global assembling and disassembling function market, 2017 – 2027, (USD Bn) 

6.5 Painting and Dispensing

       6.5.1 Global painting and dispensing function market, 2017 – 2027, (USD Bn) 

6.6 Milling, Cutting and Processing

       6.6.1 Global milling, cutting and processing function market, 2017 – 2027, (USD Bn) 

6.7 Others

       6.7.1 Global others function market, 2017 – 2027, (USD Bn) 

Chapter 7 Global Industrial Robotics Market – By Region

7.1 Global industrial robotics market: Regional overview

       7.1.1 Global industrial robotics market revenue share, by geography, 2013 and 2020

7.2 North America

       7.2.1 North America industrial robotics market, 2017 – 2027, (USD Bn) 

       7.2.2 North America industrial robotics market, by types, 2017 – 2027, (USD Bn) 

       7.2.3 North America industrial robotics market, by industry, 2017 – 2027, (USD Bn) 

       7.2.4 North America industrial robotics market, by function, 2017 – 2027, (USD Bn) 

7.3 Europe

       7.3.1 Europe industrial robotics market, 2017 – 2027, (USD Bn) 

       7.3.2 Europe industrial robotics market, by types, 2017 – 2027, (USD Bn) 

       7.3.3 Europe industrial robotics market, by industry, 2017 – 2027, (USD Bn) 

       7.3.4 Europe industrial robotics market, by function, 2017 – 2027, (USD Bn) 

7.4 Asia Pacific (APAC) 

       7.4.1 Asia Pacific industrial robotics market, 2017 – 2027, (USD Bn) 

       7.4.2 Asia Pacific industrial robotics market, by types, 2017 – 2027, (USD Bn) 

       7.4.3 Asia Pacific industrial robotics market, by industry, 2017 – 2027, (USD Bn) 

       7.4.4 Asia Pacific industrial robotics market, by function, 2017 – 2027, (USD Bn) 

7.5 Rest of the World (RoW)

       7.5.1 Rest of the World industrial robotics market, 2017 – 2027, (USD Bn) 

       7.5.2 Rest of the World industrial robotics market, by types, 2017 – 2027, (USD Bn) 

       7.5.3 Rest of the World industrial robotics market, by industry, 2017 – 2027, (USD Bn) 

       7.5.4 Rest of the World industrial robotics market, by function, 2017 – 2027, (USD Bn) 

Chapter 8 Company Profiles

8.1 Daihen Corporation

       8.1.1 Company overview

       8.1.2 Financial overview

       8.1.3 Business strategy

       8.1.4 SWOT analysis

       8.1.5 Recent developments

8.2 Denso Corporation

       8.2.1 Company overview

       8.2.2 Financial overview

       8.2.3 Business strategy

       8.2.4 SWOT analysis

       8.2.5 Recent developments

8.3 Epson America, Inc. 

       8.3.1 Company overview

       8.3.2 Financial overview

       8.3.3 Business strategy

       8.3.4 SWOT analysis

       8.3.5 Recent developments

8.4 FANUC Ltd. 

       8.4.1 Company overview

       8.4.2 Financial overview

       8.4.3 Business strategy

       8.4.4 SWOT analysis

       8.4.5 Recent developments

8.5 Kawasaki Heavy Industries Ltd. 

       8.5.1 Company overview

       8.5.2 Financial overview

       8.5.3 Business strategy

       8.5.4 SWOT analysis

       8.5.5 Recent developments

8.6 KUKA Robotics Corporation

       8.6.1 Company overview

       8.6.2 Financial overview

       8.6.3 Business strategy

       8.6.4 SWOT analysis

       8.6.5 Recent developments

8.7 Mitsubishi Electric Corporation

       8.7.1 Company overview

       8.7.2 Financial overview

       8.7.3 Business strategy

       8.7.4 SWOT analysis

       8.7.5 Recent developments

8.8 Nachi Robotic Systems, Inc. 

       8.8.1 Company overview

       8.8.2 Financial overview

       8.8.3 Business strategy

       8.8.4 SWOT analysis

       8.8.5 Recent developments

8.9 Panasonic Corporation

       8.9.1 Company overview

       8.9.2 Financial overview

       8.9.3 Business strategy

       8.9.4 SWOT analysis

       8.9.5 Recent developments

8.10 Universal Robots

       8.10.1 Company overview

       8.10.2 Financial overview

       8.10.3 Business strategy

       8.10.4 SWOT analysis

       8.10.5 Recent developments

8.11 Yaskawa Motoman Robotics

       8.11.1 Company overview

       8.11.2 Financial overview

       8.11.3 Business strategy

       8.11.4 SWOT analysis

       8.11.5 Recent developments

List of Tables

TABLE 1 Snapshot: Global Industrial Robotics Market

TABLE 2 Drivers for the industrial robotics market: Impact analysis

TABLE 3 Restraints for the global industrial robotics market: Impact analysis

TABLE 4 Global articulated robots market, by industry, 2017 – 2027, (USD Bn) 

TABLE 5 Global Cartesian robots market, by industry, 2017 – 2027, (USD Bn) 

TABLE 6 Global SCARA robots market, by industry, 2017 – 2027, (USD Bn) 

TABLE 7 Global cylindrical robots market, by industry, 2017 – 2027, (USD Bn) 

TABLE 8 Global other robots market, by industry, 2017 – 2027, (USD Bn) 

TABLE 9 North America industrial robotics market, by types, 2017 – 2027, (USD Bn) 

TABLE 10 North America industrial robotics market, by industry, 2017 – 2027, (USD Bn) 

TABLE 11 North America industrial robotics market, by function, 2017 – 2027, (USD Bn) 

TABLE 12 Europe industrial robotics market, by types, 2017 – 2027, (USD Bn) 

TABLE 13 Europe industrial robotics market, by industry, 2017 – 2027, (USD Bn) 

TABLE 14 Europe industrial robotics market, by function, 2017 – 2027, (USD Bn) 

TABLE 15 Asia Pacific industrial robotics market, by types, 2017 – 2027, (USD Bn) 

TABLE 16 Asia Pacific industrial robotics market, by industry, 2017 – 2027, (USD Bn) 

TABLE 17 Asia Pacific industrial robotics market, by function, 2017 – 2027, (USD Bn) 

TABLE 18 Rest of the World industrial robotics market, by types, 2017 – 2027, (USD Bn) 

TABLE 19 Rest of the World industrial robotics market, by industry, 2017 – 2027, (USD Bn) 

TABLE 20 Rest of the World industrial robotics market, by function, 2017 – 2027, (USD Bn) 

List of Figures

FIG. 1 Value chain analysis of industrial robotics

FIG. 2 Average wage/hour for industrial sector

FIG. 3 Number of industrial robots deployment for manufacturing purpose, 2017-2027

FIG. 4 Porter’s Five Forces Analysis

FIG. 5 Market attractiveness analysis of industrial robotics market, by application, 2018

FIG. 6 Industrial robotics: Company market share analysis, 2018

FIG. 7 Global industrial robotics market revenue share, by types, 2017 – 2027

FIG. 8 Global articulated robots market, 2017 – 2027, (USD Bn) 

FIG. 9 Global Cartesian robots market, 2017 – 2027, (USD Bn) 

FIG. 10 Global SCARA robots market, 2017 – 2027, (USD Bn) 

FIG. 11 Global cylindrical robots market, 2017 – 2027, (USD Bn) 

FIG. 12 Global other robots market, 2017 – 2027, (USD Bn) 

FIG. 13 Global industrial robotics market revenue share, by industry, 2017 – 2027

FIG. 14 Global automotive industry market, 2017 – 2027, (USD Bn) 

FIG. 15 Global electrical & electronics industry market, 2017 – 2027, (USD Bn) 

FIG. 16 Global chemical, rubber & plastics industry market, 2017 – 2027, (USD Bn) 

FIG. 17 Global machinery industry market, 2017 – 2027, (USD Bn) 

FIG. 18 Global metals industry market, 2017 – 2027, (USD Bn) 

FIG. 19 Global food & beverages industry market, 2017 – 2027, (USD Bn) 

FIG. 20 Global precision & optics industry market, 2017 – 2027, (USD Bn) 

FIG. 21 Global others industry market, 2017 – 2027, (USD Bn) 

FIG. 22 Global industrial robotics market revenue share, by function, 2017 – 2027

FIG. 23 Global soldering and welding function market, 2017 – 2027, (USD Bn) 

FIG. 24 Global materials handling function market, 2017 – 2027, (USD Bn) 

FIG. 25 Global assembling and disassembling function market, 2017 – 2027, (USD Bn) 

FIG. 26 Global painting and dispensing function market, 2017 – 2027, (USD Bn) 

FIG. 27 Global milling, cutting and processing function market, 2017 – 2027, (USD Bn) 

FIG. 28 Global others function market, 2017 – 2027, (USD Bn) 

FIG. 29 Global industrial robotics market revenue share, by geography, 2013 and 2020

FIG. 30 North America industrial robotics market, 2017 – 2027, (USD Bn) 

FIG. 31 Europe industrial robotics market, 2017 – 2027, (USD Bn) 

FIG. 32 Asia Pacific industrial robotics market, 2017 – 2027, (USD Bn) 

FIG. 33 Rest of the World industrial robotics market, 2017 – 2027, (USD Bn) 

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Global Industrial Robotics Market