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Modular Robotics Market Report Overview, Industry Top Manufacturers, Size, Growth 2023 - 2032
Modular Robotics Market
Modular Robotics Market Size, Growth Rate, And Forecast
The global modular robotics market size is expected to grow from $7.01 billion in 2022 to $8.16 billion in 2023 at a compound annual growth rate (CAGR) of 16.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The modular robotics market size is expected to grow to $15.8 billion in 2027 at a CAGR of 15.8%.
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Modular Robotics Market Drivers
The increasing adoption of robots in the electronics and automotive industries is driving the modular robotics market going forward. Robots are being adopted by the automotive and electronics industries for automation. By increasing automation in a factory, modular robotics decreases costs and improves efficiency in the automotive industry. Modular robots are also used in electronics manufacturing for lean production time and reducing costs.
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Modular Robotics Market Segments
1) By Product Type: SCARA Modular Robots, Articulated Modular Robots, Cartesian Modular Robots, Parallel Modular Robots, Other Robots
2) By Hardware Design: Chain-based, Lattice-based, Strut-based
3) By Configuration: Auto-Configuration, Manual Configuration
4) By End Use Industry: Automotive, Electronics and Electrical, Chemical, Food and Beverages, Pharmaceutical, and Other End Use Industries
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Modular Robotics Market Key Players
Major competitors in the Modular Robotics market include Mitsubishi Electric Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries Limited, Universal Robots, DENSO Corporation, Rethink Robotics GmbH, KUKA, NachiFujikoshi Corporation, Yamaha Motor Company, Acmi SpA, Shibaura Machine, Stäubli, Engel Holding GmbH, Comau SPA, and Cassioli Group.
The Table Of Content For The Modular Robotics Market Include:
1. Executive Summary
2. Modular Robotics Market Characteristics
3. Modular Robotics Market Trends And Strategies
4. Modular Robotics Market - Macro Economic Scenario
5. Modular Robotics Market Size And Growth
……
27. Modular Robotics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Modular Robotics Market
29. Modular Robotics Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Modular Robotics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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