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An industrial robot is a system used for manufacturing. These robots are automated, programmable, and can move on three or more axes. They can assist in material handling, product inspection & packaging, labeling, and testing. The demand for industrial robots across major application segments such as automotive and electrical and consumer electronics combined with its increasing usage across other sectors.

The global industrial robotics market is estimated to account for US$ 94.1 Mn in terms of value by the end of 2030.

Recent Developments:

  • In June 2022, Epson America, Inc., an electronics company announced the GX Series SCARA Robots. The GX8 and GX4 SCARA robots offer weighty payloads with progressive Epson GYROPLUS technology, high output, and smooth motion control. Offering numerous arm configurations, a GX8 has a reach of 450-650 mm and the GX4 has a reach of 250-350 mm, with this the robots can reach ultra-high accuracy with tasks including pick & place,  intricate small-parts handling processes, and assembly.
  • In January 2022, Yaskawa Electric Corporation, a manufacturer of industrial robots, acquired shares of Doolim-Yaskawa Co., Ltd., a robotic painting and sealing system integrator. By utilizing synergies with Doolim-Yaskawa, Yaskawa Electric and Yaskawa Korea have been trying to build a business in the robotic painting and sealing system industry.

Industrial Robotics Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 53.5 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 6.7 % 2030 Value Projection: US$ 94.1 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Type: Cartesian, Articulated, Cylindrical, SCARA, Others.
  • By Industry: Electrical & Electronics, Automotive, Machinery, Chemical, Rubber & Plastics, Food & Beverages, Metals, Precision & Optics, Others.
  • By Function: Materials Handling, Milling, Cutting and Processing, Soldering and Welding, Painting and Dispensing, Assembling & Disassembling, Others.
Companies covered:

Daihen Corporation, Yaskawa Motoman Robotics, Denso Corporation, Universal Robots, Epson America, Inc., Panasonic Corporation, Epson America, Inc., Nachi Robotic Systems, Inc., FANUC Ltd., Mitsubishi Electric Corporation, Kawasaki Heavy Industries Ltd., and KUKA Robotics Corporation.

Growth Drivers:
  • Increasing demand for automation as labor gets expensive is expected to drive growth of the global industrial robotics market during the forecast period
  • Access to new industries and adoption of robotics in SMEs is expected to propel the global industrial robotics market growth over the forecast period
Restraints & Challenges:
  • Postponement of investment due to high capital costs is expected to restrain growth of the global industrial robotics market during the forecast period
  • Stagnation of industrial manufacturing is expected to hamper the global industrial robotics market growth over the forecast period

Restraint:

  • Postponement of investment due to high capital costs is expected to restrain the growth of the global industrial robotics market during the forecast period
  • Stagnation of industrial manufacturing is expected to hamper the global industrial robotics market growth over the forecast period

Global Industrial Robotics Market - Impact of Coronavirus (Covid-19) Pandemic:

Due to the Covid-19 pandemic, many industries witnessed a significant shift in their business. The ongoing COVID-19 pandemic had adversely affected many industries in the countries. This is due to the lockdown imposed by several countries to stop the spread of coronavirus. Furthermore, increased demand for medical equipment has driven the growth of industrial robotics in the equipment manufacturing industry.

Increased demand for ventilators and respirators had also increased the demand for industrial robots. Hence, the global industrial robotics market witnessed high growth during the pandemic.

Figure 1: Global Industrial Robotics Market Share (%), By Region, 2021

INDUSTRIAL ROBOTICS MARKET

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Asia Pacific held a dominant position in the global industrial robotics market in 2021

Statistics:

Asia Pacific held a dominant position in the global industrial robotics market in 2021, accounting for 54.1% share in terms of value, followed by North America and Europe respectively.

Figure 2: Global Industrial Robotics Market (US$ Mn) Analysis and Forecast, 2017 - 2030

INDUSTRIAL ROBOTICS MARKET

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The global industrial robotics market was valued at US$ 53.5 Mn in 2021 and is expected to reach US$ 94.1 Mn by 2030, growing at a CAGR of 6.7% between 2022 and 2030.

Major players operating in the global industrial robotics market are Daihen Corporation, Yaskawa Motoman Robotics, Denso Corporation, Universal Robots, Epson America, Inc., Panasonic Corporation, Epson America, Inc., Nachi Robotic Systems, Inc., FANUC Ltd., Mitsubishi Electric Corporation, Kawasaki Heavy Industries Ltd., and KUKA Robotics Corporation

Frequently Asked Questions

The global industrial robotics market is expected to reach US$ 94.1 million by 2030.

The market is expected to witness a CAGR of 6.7% during the forecast period (2022-2030).

Major factor driving the growth of market during the forecast period owing to increasing demand for automation as labor gets expensive. 

Articulated segment held the major market share in 2021 owing to increased usage of these robots in the packaging and healthcare sectors of emerging economies.

Asia Pacific held the largest share of the market in 2021.

The market are Daihen Corporation, Yaskawa Motoman Robotics, Denso Corporation, Universal Robots, Epson America, Inc., Panasonic Corporation, Epson America, Inc., Nachi Robotic Systems, Inc., FANUC Ltd., Mitsubishi Electric Corporation, Kawasaki Heavy Industries Ltd., and KUKA Robotics Corporation.

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