The new report titled ‘Global Industrial Robotics Market’, published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Industrial Robotics Market outlook over the forecast duration (2019-2030). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market.
The size of the worldwide industrial robots market, which was 42.35 billion dollars in 2021, is anticipated to grow at a revenue CAGR of 12.3% during the next five years. One of the key drivers propelling the market's revenue growth is the quick uptake of automation, IIoT, and AI in industrial manufacturing, along with vision and other sensor systems that make it possible for robots to complete challenging tasks with ease. Furthermore, due to the high premium placed on on-time delivery as well as efficient and economical manufacturing processes, the demand for industrial robots is growing rapidly in warehouses and distribution centres along the logistics and supply chain.
One of the main drivers propelling market expansion is the increasing demand for industrial robots from manufacturers for the automation of activities, enhanced worker safety, and increased overall production output with reduced waste and expensive operational expenses. For instance, collaborative robots, or Cobots, can be used to apply glue and other adhesives when equipped with dispensing tools, and when equipped with a sanding kit, they can be used to polish objects for a bright and smooth finish.
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Segmental Analysis
The global Industrial Robotics market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Industrial Robotics sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Segments Covered in this report are:
Type Outlook (Revenue, USD Billion; 2019-2030)
- SCARA robots
- Cartesian robots
- Articulated robots
- Cylindrical robots
- Collaborative robots
- Others
Application Outlook (Revenue, USD Billion; 2019-2030)
- Material handling
- Welding soldering
- Assembling disassembling
- Dispensing
- Processing
- Others
End-User Industry Outlook (Revenue, USD Billion; 2019-2030)
- Electrical electronics
- Automotive
- Plastics, rubber chemicals
- Food beverages
- Precision engineering optics
- Metals machinery
- Others
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Competitive Outlook:
The global Industrial Robotics market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Industrial Robotics market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Key Companies Profiled in the Report:
ABB, FANUC Corporation, YASKAWA Electric Corporation., DAIHEN Corporation, Mitsubishi Electric Corporation, KUKA, DENSO Corporation, NACHI-FUJIKOSHI CORP, Seiko Epson Corporation, and Panasonic Holdings Corporation.
Report Highlights:
Besides offering a vivid depiction of the global Industrial Robotics business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2020-2027).
The report scrutinizes the salient factors influencing the growth of the market in the near future.
The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.
Global Industrial Robotics Market Geographical Landscape - Synopsis:
The report closely studies the growth trajectory of the global Industrial Robotics market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East Africa.
The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
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