openPR Logo
Press release

The Global Industrial Robots Market to Rise at CAGR of 10.35% by 2028

12-06-2022 12:16 PM CET | IT, New Media & Software

Press release from: Triton Market Research

Industrial Robots Market

Industrial Robots Market

Triton Market Research presents the Global Industrial Robots Market segmented by Application (Dispensing, Material Handling, Welding & Soldering, Assembling & Disassembling, Processing, Other Applications), Verticals (Machinery Products & Metal, Automotive, Food & Beverage, Electronic & Electric, Chemical, Plastics, & Rubber, Other Verticals), Type (SCARA Robots, Articulated Robots, Cylindrical Robots, Cartesian Robots, Other Robots), and by Geography (Middle East and Africa, North America, Latin America, Asia-Pacific, Europe). It also discusses the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter's Five Forces Analysis, Market Attractiveness Matrix, Vendor Scorecard, Key Market Strategies, Drivers, Challenges, Opportunities, Competitive Landscape, Methodology & Scope, Global Market Size, Forecasts & Analysis (2021-2028).

Request Free Sample Report:

Triton's report estimates that the global industrial robots market is set to grow at a CAGR of 10.35% over the forecasted period 2021-2028.

Industrial robots are automated, programmable, and can move on three or more dimensions. They are widely used in an industrial setting for production purposes.

In recent years, several companies have started employing collaborative robots for various applications. For instance, Craft and Technik Industries, an automotive components manufacturer in India, resorted to a cobot after facing client rejections due to human errors. Therefore, the growing adoption of collaborative robots in industrial settings is likely to create affluent opportunities for the industrial robots market.

However, lack of a skilled workforce, resistance among employees, and the high cost of industrial robots are negatively impacting the studied market's progress.

Purchase our report:

Geographically, the Asia-Pacific is anticipated to witness the fastest growth rate in the industrial robots market over the forecast period. This is because the region accounts for a significant percentage of industrial robot adoption, as per the International Monetary Fund study. Moreover, several governments invested heavily in robotics and AI research with the hope of gaining commercial value. Hence, the growing adoption of robots, investments in AI, and tax incentives are estimated to widen the scope of the industrial robots market in the APAC region over the forecasted period.

The major companies in the industrial robots market are Schunk GmbH, Mitsubishi Electric Corporation, Rethink Robotics, Kuka AG, ABB Ltd, Fanuc Corporation, Kawasaki Heavy Industries Ltd, Rockwell Automation Inc, Nachi Fujikoshi Corporation, Yamaha Robotics, Universal Robots, Omron Adept, Staubli International AG, Seiko Epson Corporation, and Aurotek Corporation.

Several prominent companies like ABB and Kawasaki are dominating the industrial robots market. The market requires high investments in R&D and manufacturing plants to produce a more extensive product portfolio. This estimated the threat of new players to be on a moderate level. On the other hand, companies are investing heavily and acquiring smaller companies to expand their footings in the market. Thus, the competition level among existing market players is likely to be higher.

Triton Market Research
196, wards wharf approach
London E16 2EQ
Phone: +44 7441 911839

We are a leading market research company with offices in the UK, providing the best online market research and data search reports to our clients.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Global Industrial Robots Market to Rise at CAGR of 10.35% by 2028 here

News-ID: 2836302 • Views:

More Releases from Triton Market Research

Asia-Pacific Dermatology Devices Market Forecast 2023-2030: Trends and Growth Analysis
Asia-Pacific Dermatology Devices Market Forecast 2023-2030: Trends and Growth An …
The Asia-Pacific Dermatology Devices Market is experiencing significant growth, driven by increasing awareness and prevalence of skin disorders. Countries within this market include China, Japan, South Korea, India, Australia & New Zealand, ASEAN countries, and the Rest of Asia-Pacific. According to a research report by Triton, the market is expected to grow at a compound annual growth rate (CAGR) of 13.36% from 2023 to 2030. Read the Market Summary Here:
Future Insights: Middle East and Africa Dermatology Devices Market Forecast 2023-2030
Future Insights: Middle East and Africa Dermatology Devices Market Forecast 2023 …
The MIDDLE EAST AND AFRICA DERMATOLOGY DEVICES MARKET is poised for substantial growth, driven by the rising prevalence of skin disorders and increasing demand for advanced dermatological treatments. The market includes countries such as the United Arab Emirates, Saudi Arabia, Turkey, South Africa, and the Rest of the Middle East & Africa. According to Triton's research report, the dermatology devices market in this region is expected to advance at a
Expanding Scope of the Global Membranes Market in 2024-2032
Expanding Scope of the Global Membranes Market in 2024-2032
According to Triton's research report, the global membranes market generated $XX million in 2023 and is expected to generate a CAGR of 6.74% in revenue over the forecasting years 2024-2032. A recent study by Triton Market Research titled Global Membranes Market includes the Global Analysis and Forecasts by Material (Polymeric, Ceramic, Other Materials), Technology(Reverse Osmosis (RO), Nanofiltration (NF), Ultrafiltration (UF), Microfiltration (MF), Other Technologies), End-User (Utilities, Commercial, Industrial, Residential, Other End-Users),
Europe Synthetic Leather Market Size & Forecast to 2030
Europe Synthetic Leather Market Size & Forecast to 2030
Triton Market Research states that the Europe Synthetic Leather Market is poised for significant expansion, with an anticipated compound annual growth rate (CAGR) of 7.23% in revenue from 2023 to 2030. Read the Market Summary Here: This growth is driven by increasing consumer preference for cruelty-free and sustainable alternatives to genuine leather, as well as advancements in synthetic leather technology. Countries leading this market include Spain, Italy, France, Germany, the

All 5 Releases

More Releases for Robots

Pharmaceutical Robots Market 2021 Scope by Type (Traditional Robots (Articulated …
Pharmaceutical Robots Market report has been structured after a thorough study of various key market segments like market size, latest trends, market threats and key drivers which drives the market. This market study report has been prepared with the use of in-depth qualitative analysis of the global market. The report displays a fresh market research study that explores several significant facets related to Pharmaceutical Robots Market covering industry environment, segmentation
Packaging Robots : Robots that Make Packaging Easier
Packaging robots are robotics system used for packaging purposes and reduce labor cost and package time. These packaging robots are flexible and can easily integrate into workspace. Packaging robots are type of industrial robots are used for packaging applications in manufacturing facilities for operations such as filling, primary packaging, placing, picking, palletizing, and de-palletizing. Packaging robots provide a variety of benefits including reduced part package time, labor cost reduction, and
Global Medical Robots Market (Surgical Robots, Rehabilitation Robots, Telepresen …
The new and innovative report of the Medical Robots Market research has been published by Report Consultant to give desired insights to drive the growth of businesses. The report comprises the summarized data of the current scenario as well as predictions about the upcoming trends. A medical robot is a robot used in the medical sciences. They include surgical robots. These are in most tele-manipulators, which use the surgeon's actions on
Global Medical Robots Market by Application (Orthopedic, Laparoscopy, Neurology) …
Medical Robot is a robot which enables the surgeons to perform surgeries with more precision. Medical robotics is emerging field. There are a wide variety of medical applications had emerged such as Surgical robots, laboratory robots, telesurgery, remote surgery, and teleconsultation robots, rehabilitation robots to help for the deaf and the blind. Medical robots assist in surgeries and make possible to decrease risk of infection. Medical robots are enables to
Smart Robots Market 2023 By Application - Collaborative Industrial Robots, Perso …
Smart Robots Market: Smart robots are the robotic systems which are capable to carry out operation without direct human intervention. They are currently being designed to perform autonomous tasks and work along with humans. The smart robots market for industrial applications consist of collaborative robots which are designed to work along with humans and they are adopted by various industrial sectors such as automotive, electronics among others. The collaborative robots
Global Top Robotics Market In Japan, 2017 - 2022: For Applications - Logistics R …
Researchmoz added Most up-to-date research on "Global Top Robotics Market In Japan, 2017 - 2022: For Applications - Logistics Robots, Domestic Robots, Medical Robots & Field Robots" to its huge collection of research reports. The global Top Robotics market is valued at XX million USD in 2016 and is expected to reach XX million USD by the end of 2017, growing at a CAGR of XX% between 2016 and 2022. Japan plays