Industrial Robotics Market Outlook to 2025 - Top Leading Players ABB, Kawasaki Heavy Industries, Yaskawa Electric Corporation, Fanuc Corporation, Kuka AG, Mitsubishi Electric, Denso Corporation, Comau SpA and Nachi-Fujikoshi
Industrial Robotics Market is expected to grow from US$ 16,847.6 million in 2017 to US$ 48,166.9 million by 2025 at a CAGR of 14.2% between 2018 and 2025.
The report focuses on an in-depth segmentation of this market based by types, function and industry. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By industry segment, automotive sector accounted for the largest share of the industrial robotics market in 2017; whereas APAC region is expected to grow at the highest CAGR during the forecast period.
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The major players operating in the global industrial robotics market includes ABB Ltd., Kawasaki Heavy Industries, Ltd., Yaskawa Electric Corporation, Fanuc Corporation, Kuka AG, Mitsubishi Electric Corporation, Denso Corporation, Comau SpA, Nachi-Fujikoshi Corp. and Universal Robots A/S among others.
The market for industrial robotics is at its growing phase in certain countries and at infant stage in some developing countries. The market is further expected to flourish with increasing government support for automation in industries including, industrial robotics across the globe. One of the key factor propelling the market growth for industrial robotics is constantly aging population of several countries worldwide resulting in increasing labor costs.
As per WHO, approximately 2 Bn people globally are anticipated to be more than 60 years old by 2050, which is over triple of what it was in 2000. Diminishing fertility rates and longer lifespans are the major factors contributing to this growth. Further, increasing support from governments is also bolstering the growth of the market. For instance, Chinese government announced a five-year ‘Robotics Industry Development Plan’ for the expansion of China’s industrial robotics sector.
APAC is one of the prominent regions in industrial robotics market which is contributing highest revenue globally due to rapidly growing manufacturing sector of the region and increasing competition demanding for better productivity and efficiency. Rapidly growing economies in Asia-Pacific (APAC) with significant growth manufacturing will pave the path for increasing adoption and propel the market for industrial robotics.
The Industrial Robotics Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2025, considering 2018 as the base year and 2018 – 2025 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
Browse market data tables and in-depth TOC of the Global INDUSTRIAL ROBOTICS Market (2018-2025)
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The report segments the global Industrial Robotics market as follows:
Global Industrial Robotics Market- By Types
• Articulated Robots
• Cartesian Robots
• SCARA Robots
• Collaborative Robots
Global INDUSTRIAL ROBOTICS Market- By Function
• Soldering & Welding
• Material Handling
• Assembling & Disassembling
• Painting & Dispensing
• Cutting & Processing
Global INDUSTRIAL ROBOTICS Market- By Industry
• Medical & Pharmaceuticals
• Electrical & Electronics
• Rubber & Plastics
• Metal & Machinery
• Food & Agriculture
Reason to Buy:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Industrial Robotics Market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Industrial Robotics, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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