Information Technology & Telecommunication / Industrial Robot Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players - FANUC, KUKA, ABB, Yaskawa, Mitsubishi Electric, Toshiba
Industrial Robot Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - FANUC, KUKA, ABB, Yaskawa, Mitsubishi Electric, Toshiba
Acknowledging the kind of traction gained by this market, recently published a study report asserts the Industrial Robot Market is expected to reach USD 2247.5 million by 2027, registering a phenomenal CAGR of 14.6% during the review period (2022 to 2027).
Industrial Robot Market Overview
The industrial robots market was valued at USD 24.35 billion in 2021 and is predicted to grow at a CAGR of 14.11% to USD 52.85 billion by 2027. (2022 - 2027). Many essential operations in industries are managed by industrial robots, which play a critical role in manufacturing industrial automation. E-commerce, electronics, and the automobile industry, among other industries, have grown in tandem with regional economic growth.
The latest generation of industrial robots are cheaper, autonomous, more mobile, cooperative, and versatile, resulting in growing demand for robots across diverse industries. According to IFR's World Robotics Report 2021, the number of industrial robots installed worldwide is expected to rise to 584000 by 2021.
The report also assesses the key opportunities in the Industrial Robot market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Industrial Robot Market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Who are the Major Players in Industrial Robot Market?
Top Key players in the Industrial Robot Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Industrial Robot Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes FANUC(Japan), KUKA(Germany), ABB(Switzerland), Yaskawa (Motoman)(Japan), Nachi(Japan), Kawasaki Robotics(Japan), Comau(Italy), EPSON Robots(Japan), Staubli(Switzerland), Omron Adept Technologies(US), DENSO Robotics(Japan), OTC Daihen(Japan), Panasonic(Japan) and others.
March 1, 2022:FANUC CORPORATION, the world’s leading supplier of CNCs, robotics, and factory automation products, has introduced the new CRX-5iA, CRX-20iA/L and CRX-25iA collaborative robots, the latest additions to its popular CRX series that includes the CRX-10iA and CRX-10iA/L collaborative robots. FANUC will demonstrate all five CRX models at IREX (International Robot Exhibition), March 9-12, 2022 at the Tokyo Big Sight in booth E4-04, and at IREX Virtual, March 1-18, 2022.
What are the major Applications, Types and Regions for Industrial Robot Market?
Industrial Robot Market is segmented based on the type, applications, companies and regions.
By Type, Industrial Robot Market has been segmented into
Automotive
Electrical and Electronics
Chemical, Rubber and Plastic
Metal and Machinery
Food, Beverages and Pharmaceuticals
Others
The end user’s industry application on Industrial Robot Market is,
Articulated Robots
Parallel Robots
SCARA Robots
Cylindrical Robots
Cartesian Robots
Regional Analysis -
According to CGTN, China's industrial robot production rose by 29.2% year on year in June to 20,761 units, reaching its highest growth rate in the first half of 2020. According to the data provided by the National Bureau of Statistics, with the growth accelerating from 16.9% in May, the country has produced 93,794 units of industrial robots over the past six months, up by 10.3% from the same period last year,
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
What is our Industrial Robot Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 14.11% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
The key insights of the report have been presented through the frameworks of Major Mergers & Acquisitions, Technological Innovations, and Role of Manufacturers during COVID19 Pandemic. Additionally, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.
Key Takeaways from this Industrial Robot Report
Evaluate Industrial Robot market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Industrial Robot market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Questions
What is the study period of this market?
The Industrial Robot Market is studied from 2022 - 2027.
What is the growth rate of Industrial Robot Market?
The Industrial Robot Market is growing at a CAGR of 14.6% over the next 5 years.
Who are the key players in Industrial Robot Market?
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
