Industrial Robotics Market to 2025 - Global Analysis and Forecasts by Types (Articulated, Cartesian, SCARA, and Collaborative)

The industrial robotics market size is projected to reach US$ 48,166.9 million by 2025 from US$ 16,847.6 million in 2017; it is expected to witness healthy market growth of 14.2% CAGR during 2018-2025.

The industrial robotics market operates in a highly competitive marketplace. As leading companies in the industrial robotics market continues to broaden its addressable market by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all prominent players face an increasing level of competition, both from regional players as well as the leading global companies across the world. Companies such as ABB are aggressively investing in next-generation robotic technology; recently, KUKA AG was acquired by Midea Group Co. of China, one of the leading electrical manufacturers. This trend can be seen across a broad range of robotics companies.

In addition, industrial robotics are in high demand in industries such as automotive, pharmaceuticals, consumer electronics, packaging, and machinery. This need, however, is predicated on the type of robot that they need to place across their sites to harness industrial activity and cut costs. Players in the consumer electronics industry, for instance, could install collaborative robots at a faster rate to increase production flexibility. For instance, Nissan Motor Company purchased two lines of UR10 collaborative robot arms from Universal Robots for its Yokohama facility to cut labor costs while maintaining the efficiency of production procedures such as Takt Time. Consumer electronics, pharmaceuticals, and manufacturing companies have a significant investment stake in the industrial robotics market. Therefore, there are heavy investments taking place in the market that are driving the industrial robotics market growth.

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The players operating in the industrial robotics market are mainly focused on the development of advanced and efficient products. The companies operating in the industrial robotics market are implementing various strategies to match the technological advancements.

In 2021, ABB annouced to add the new GoFa and SWIFT cobot families to its existing cobot range to provide increased payloads and speeds.
In 2021, KUKA AG unveiled the first glimpse at its new operating system, iiQKA.OS, which would make robot use easier. This new operating system serves as the foundation for a whole ecosystem, offering a diverse range of programs, components, apps, hardware, and services.

Furthermore, consumers' increasing preference for online purchasing is helping the e-commerce industry. Distributors, merchants, warehouses, and facility owners are increasingly focusing on integrated automated robotic systems. The goal is to deliver on time, save money on labor, and improve efficiency and production in every step. This is one of the most important considerations for the deployment of industrial robots, which is thereby expanding the market size of the industrial robotics market. For example, every year, labor costs in the UK rise by more than 12%, resulting in a labor shortage. To address these issues, market participants are investing in industrial robotics. For instance, in January 2022, the chancellor of the Exchequer, Rishi Sunak, invested in robotics to help the UK people and economy deal with the inflation crisis brought on by labor shortages. Similarly, many firms are also creating interesting solutions across the whole logistics value chain, such as self-driving trucks, intelligent warehouses, and service robots.

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In the coming years, Asia Pacific is expected to take the lead in the global industrial robots market. This can be attributed to increased automation, particularly in Japan, China, and India. Furthermore, as the population and disposable income of individuals rise, so does the demand for consumer goods and other items, resulting in increased production capacity and a larger market. Similarly, there is a growing need for bespoke autos and machines, which necessitates high precision and production capacity. The use of robotics in industrial applications is increasing to keep up with demand. These factors are expected to boost the growth of the industrial robotics market in APAC.

The global industrial robotics market is segmented on the basis of types into articulated robots, Cartesian robots, SCARA robots, collaborative robots, and others. The global industrial robotics market is further segmented by function into soldering & welding, material handling, assembling & disassembling, painting & dispensing, milling, cutting & processing, and others. Similarly, based on industry, the global industrial robotics market is segmented into automotive, medical & pharmaceuticals, electrical & electronics, chemical, rubber & plastics, metals and machinery, and foods & agriculture.

Some of the key players operating in the industrial robotics market are ABB Ltd; Kawasaki Heavy Industries, Ltd.; Yaskawa Electric Corporation; FANUC Corp; KUKA AG; Mitsubishi Electric Corporation; Denso Corp.; Nachi-Fujikoshi Corp.; Comau S.P.A.; and Universal Robots A/S.
Type-Based Industrial Robotics Market Insights

The global industrial robotics market is sub-divided based on types into articulated robots, Cartesian robots, SCARA robots, collaborative robots, and other. The others segment includes robots such as drones, milking robots, maintenance & inspection robots, underwater robots, and automated guided vehicle. Articulated robots rely upon its movement in 4 or 6 axes and may go up to 10 axes, which make them perfect for usage in the automotive industry with greater possibilities. The automotive sector was the largest user of industrial robotics owing to which articulated robots captured a lion's share of 42.3% in 2017.

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This release was published on openPR.