Industrial Robots Market Hitting New Highs Explored In Latest Research 2021-2028 with Emerging Players Are ABB, KUKA AG, Mitsubishi Electric, FANUC, OMRON

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Industrial robots market will reach at an estimated value of USD 69.01 billion by 2028 and grow at a CAGR of 10.05% in the forecast period of 2021 to 2028. Rise in the demand for industrial robotics from SEMs is an essential factor driving the industrial robots market.

Rise in the investments for innovations and automation in industries is a crucial factor accelerating the market growth, also rise in the demand for automation activities and reduction in custom duties in the industry, increase in the demand for minimizing defect, waste and downtime, high requirement for automation, increase in the labour cost and dearth of skilled human workforce and rise in the investments in R&D activities are the major factors among others boosting the industrial robots market. Moreover, rise in the application areas, rise in the growth in emerging economies and evolving robotics and AI industry will further create new opportunities for industrial robots market in the forecast period mentioned above.

Industrial Robots Market Scope and Market Size

Industrial robots market is segmented on the basis of type, industry and technology. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of type, industrial robots market is segmented into traditional industrial robots and collaborative robots.
Based on industry, the industrial robots market is segmented into automotive, electrical and electronics, plastics, rubber, and chemicals, metals and machinery, food and beverages, precision engineering and optics, pharmaceuticals and cosmetics and others.
The industrial robots market is also segmented on the basis of technology into motion control and drives systems, robotics systems, integrated manufacturing systems, machine vision systems, manufacturing execution systems, programmable logic control system and others.

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The countries covered in the industrial robots market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific dominates the industrial robots market due to rise in the demand for automation activities and reduction in custom duties in the industry, increase in the demand for minimizing defect, waste and downtime, high requirement for automation and increase in the labour cost and dearth of skilled human workforce. This region is also expected to witness a high growth rate in the respective market over the forecast period.

Leading Key Players Operating in the Industrial Robots Market Includes:

The major players covered in industrial robots market report are ABB, KUKA AG, Mitsubishi Electric Corporation, FANUC CORPORATION, Kawasaki Heavy Industries Ltd., YASKAWA ELECTRIC CORPORATION., Seiko Epson Corporation, Stäubli International AG., NACHI-FUJIKOSHI CORP., DENSO CORPORATION., Comau SpA VAT, DAIHEN Corporation, OMRON Corporation, Universal Robots, CMA ROBOTICS SPA ITALY, Artech Automation AS and Panasonic Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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Scope of the Study:

Industrial Robots Market revenue forecasts across three post-COVID pandemic case scenarios, 2021- 2028
Industrial RobotsIndustrial Robots market size outlook by type, 2021- 2028
Industrial RobotsIndustrial Robots market size outlook by application segment, 2021- 2028
Industrial RobotsIndustrial Robots market outlook of 15 countries, 2021- 2028
Strategies, Trends, Drivers, and Risks facing Industrial Robots companies
Company profiles of leading five players in Industrial Robots industry
Market News and Developments

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