Industrial Robotics Market to grow at a CAGR of 11.8 percent during the forecast period to reach USD 103.34 Bn by 2029, Market Share and Size
Pune, 11, April, 2023: As per the “Industrial Robotics Market” report, the total market for Industrial Robotics is USD 42.34 Bn in 2022 and is expected to reach USD 103.34 Bn by 2029 with a CAGR of 11.8 percent. The report published by Maximize Market research, on the Global Industrial Robotics Market, covers an extensive regional analysis, market dynamics and competitive landscape.
Industrial Robotics Market Report Scope and Research Methodology
The Industrial Robotics market report majorly focuses on the market size, shares, regional insights and dynamics. The detailed analysis of Industrial Robotics market dynamics includes growth drivers, restraints, major challenges and prevailing opportunities, which guides the clients in investment planning. To estimate the global and regional Industrial Robotics market size, the bottom-up approach was used. Both primary and secondary research methods were employed for the Industrial Robotics market report. The primary research includes interviews with important opinion leaders and Industrial Robotics industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals while the secondary research includes a review of annual and financial reports of leading manufacturers’ government sites, industry journals, white papers, releases of product manufacturers and suppliers in the Industrial Robotics industry along with paid and free databases. The Industrial Robotics market report includes a list of competitors and a SWOT analysis was used to provide the strengths and weaknesses of these competitors. PORTER, PESTEL analysis was employed to understand the potential impact of macroeconomic and microeconomic factors on the Industrial Robotics Market.
Industrial Robotics Market Dynamics
The primary factors driving the growth of the Industrial Robotics Market are the increasing automation in the electronics industry and the increasing demand for robots across industries. The involvement of digitalization and AI are the main factors increasing the demand for industrial robots in industrial robots in the automotive sector. Factors such as increasing consumer goods demand, increased public awareness of industrial accidents and employee safety are the main factors contributing to the growth of the Industrial Robotics Market. The high initial investment required for the robotics systems is the major restraining factor for the market growth.
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Industrial Robotics Market Regional Insights
The Industrial Robotics Market in the Asia Pacific region is expected to grow at a high rate during the forecast period. China is the largest contributor to regional market growth. The market is driven by increasing automation, especially in China, Japan and India.
The North America region is expected to hold the largest Industrial Robotics Market share during the forecast period. This growth of eth regional market is attributed to the advent of smart factories and Industry 4.0, which is resulting in increasing demand for small and customized robotic systems.
Industrial Robotics Market Segmentation
By Type
- Articulated
- Cartesian
- SCARA
- Cylindrical
- Others
By Function
- Automotive
- Electrical & Electronics
- Chemical, Rubber & Plastics
- Machinery
- Metals
- Food & Beverages
- Precision & Optics
- Others
By End-Use Industry
- Soldering & Welding
- Materials Handling
- Assembling & Disassembling
- Painting & Dispensing
- Milling, Cutting, & Processing
- Others
Industrial Robotics Key Competitors include:
- Daihen Corporation
- Denso Corporation
- Epson America, Inc.
- Fanuc Ltd.
- Kawasaki Heavy Industries Ltd.
- KUKA Robotics Corporation
- Mitsubishi Electric Corporation
- Nachi Robotic Systems, Inc.
- Panasonic Corporation
- Universal Robotics
- Yaskawa Electric Corporation
- ABB Ltd.
- Robofusion
- Kobelco Paint Robot
- Kobe Steel Limited
Table of Content for Industrial Robotics Market
- Global Industrial Robotics Market: Research Methodology
- Global Industrial Robotics Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Industrial Robotics Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Industrial Robotics Market Segmentation
- Global Market, by Type (2021-2029)
- Global Market, by Function (2021-2029)
- Global Market, by End-Use (2021-2029)
- Regional Industrial Robotics Market (2021-2029)
- Regional Market, by Type (2021-2029)
- Regional Market, by Function (2021-2029)
- Regional Market, by End-Use (2021-2029)
- Regional Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key questions answered in the Industrial Robotics Market are:
- What is the expected Industrial Robotics Market size by the end of the forecast period?
- What are the global trends in the Industrial Robotics Market?
- What are the upcoming industry applications and trends for the Industrial Robotics Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Industrial Robotics Market?
- How is the intervention from regulatory authority shaping the Industrial Robotics Market?
- What growth strategies are the players considering to increase their presence in Industrial Robotics?
- Who are the leading companies and what are their portfolios in Industrial Robotics Market?
- What are the major challenges that the Industrial Robotics Market could face in the future?
- Who held the largest market share in Industrial Robotics Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Type, Function, End-Use Industry and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Automation & Process Control research firm, has also published the following reports:
Warehouse Robotics Market – The market size is expected to reach USD 11.83 billion by 2029 at a CAGR of 13.9 percent during the forecast period. The market is expected to be driven by the increasing demand for automation and increased awareness of the importance of safety and high-quality production.
Industrial Computers Market – The market size is expected to reach USD 9.74 billion by 2029 at a CAGR of 7.6 percent during the forecast period. The market is expected to be driven by the increasing adoption of automation and other advanced technologies such as robotics, artificial intelligence and internet of things across various industrial sectors.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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