Industrial Robotics Market Report 2021 with Countries Data and Covid-19 Analysis Overview By Size, Share, Trends, Factors and Player and forecast to 2026 | ABB Ltd., Yaskawa Electric Corporation, Denso Corporation, Fanuc Corporation

The "Industrial Robotics Market" provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the Market’s growth. The rise in the aviation sector is escalating the growth of the Industrial Robotics Market. Increased adoption of superior technology consisting of synthetic intelligence and system learning, a developing quantity of records and growing utility of records answers through an extensive variety of ends person verticals consisting of banking, economic services, and insurance, authorities and public sector, telecommunications and IT, energy, healthcare and others are the foremost elements as a consequence of the increase of the market.

Key players in the global Industrial Robotics Market covered:

ABB Ltd., Yaskawa Electric Corporation, Denso Corporation, Fanuc Corporation, KUKA AG, Kawasaki Robotics, Toshiba Corporation, Panasonic Corporation, Staubli Mechatronics Company, Yamaha Robotics, Epson Robots, Comau SPA, Adept Technologies, Nachi Robotic Systems Inc.

Recent Development:

- ABB Ltd and Kawasaki Heavy Industries announced collaborative robot automation cooperation. Both the companies are projected to join forces, to share the knowledge and promote the benefits of collaborative robots, in particular, those with dual-arm designs. The companies also created the worlds first common interface for collaborative robots. The common interface is poised to help address the shortage of skilled workers in several industries.
- Denso Corporation announced plans to exhibit Cobotta and other robots, at the Automatica fair in Munich, Germany. Cobotta is an innovative compact robot for a safe human-robot collaboration. The next highlight is a dual-arm control - a new feature of the RC8A controller is its capability to control two SCARA robots in different operations, at the same time.

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Market Overview

The industrial robotics market was valued at USD 20.24 billion in 2019 and is expected to reach USD 42.34 billion by 2025, at a CAGR of 12.15% over the forecast period (2020-2025). Industrial robots play a crucial role in industrial automation, with many core operations in industries being managed by robots. With economic growth across regions, the growth of e-commerce, electronics, and the automotive industry, among others has been on the rise.

- With the increased demand across economies, product manufacturers are adopting robots to automate some of the repetitive processes. According to the Robotic Industries Association, more than 250,000 industrial robots had been installed in the United States alone, which gives an estimate of the penetration of industrial robots.
- Robots have been employed in manufacturing units across most of industries, because of their ability to take up complicated, repetitive tasks with accuracy, even in hazardous environments.

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Key Market Trends

Automotive Industry to Hold Major Share

- The growing adoption of automation in the automotive manufacturing process and involvement of digitization and AI are the primary factors driving the demand for industrial robots in the automotive sector.
- In 2017, more than 170,000 robots took part in the production process in the European automotive industry. The growing presence of robots and automation in the European automotive industry is expected to fuel the market for industrial robots further in the region.
- According to the Robotic Industries Association (RIA), in the first quarter of 2018 shipments to the automotive OEM sector were down by 43%, while units shipped to the automotive component industry increased by 42% in North America.

Key questions answered in this report:

What are the current market trends and dynamics in the circulating Industrial Robotics market and valuable opportunities for emerging players?
Estimated forecast and market projections up to 2026
Which segment accounts for the fastest CAGR during the forecast period?
Which is the largest regional market for circulating the Industrial Robotics market?
What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
The worldwide market value of the circulating Industrial Robotics market in 2021 and 2026
Which are the key trends driving the global circulating Industrial Robotics market growth?
Who are the leading service providers in the circulating Industrial Robotics market worldwide?

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North America to Hold a Significant Market Share

- According to the Association for Advancing Automation (A3), the North American automation market had set new records very recently. For the first nine months of 2017, 27,294 orders of robots, valued at approximately USD 1.473 billion, were sold in North America.
- Modern manufacturing facilities in North America are relying on new technologies and innovations to produce higher quality products at faster speeds with lower costs. In order to survive in the current competitive scenario, they are implementing more intelligent software and hardware.
- With over five heavy-duty assembly plants, over 540 OEM parts manufacturers, 400 dealerships, and many other automotive-related industries, Canada is the 9th largest vehicle producer in the world, and the automotive sector is the biggest contributor to the manufacturing industry of the country.

Effect of COVID-19:

Industrial Robotics Market report investigates the effect of Coronavirus (COVID-19) on the industry. Since December 2019, the COVID-19 infection has spread to practically 180+ nations around the world with the World Health Organization pronouncing it a general wellbeing crisis. The worldwide effects of the Covid infection 2019 (COVID-19) are now beginning to be felt, and will essentially influence the market in 2020

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This release was published on openPR.