Global Industrial Robotics Market by Application (Heavy Machinery, Automotive, Rubber & Plastics, Chemical, Electrical/Electronics, Food) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Outlook

In 2016, the global industrial robotics market was worth USD 31.45 trillion. The market is expected to grow at a rate of 7.0% during the forecast period. One trend driving market growth is the increasing emphasis on improving productivity in high-volume production lines, especially in the manufacture of electronic devices and vehicles.

Many benefits of industrial robots include cost reduction, improved operation speed, smaller size, better quality, and increased manufacturing efficiency. The market will benefit from increased awareness of the benefits they provide.

The market is expected to grow if there are more robots that can integrate vision and touch. This will increase efficiency and speed up delivery systems. New generation robots have human characteristics, including intelligence, flexibility and memory. They also have learning abilities, object recognition, and memory. Industries can reap the financial benefits of robotic technology, such as a reduction in overhead costs and increased productivity. The market will be driven by advancements in artificial Intelligence like deep learning and the development of self-programming robotics over the forecast period.

Supportive government policies in Asia, such as China and Korea, are geared to benefit the entire market. These include R&D subsidies, tax incentives, loans, and investment in skills. SPARC robotics is expected to create more than 240,000 jobs in Europe by 2020. The European Union (EU), invested USD 872 millions.

Application Insights

By application, the market is segmented into chemical, rubber, and plastics, automotive, electrical/electronic, metal/heavy machinery, and food. The largest revenue share was held by the automotive segment, which accounted for nearly 45.0% in the global market. The cost-effectiveness, safety, and efficiency of automobile robotics have all contributed to the rapid development.

Over the forecast period, the CAGR for the food segment will be the greatest. However, there were few industrial robots available due to the lack of food safety standards and government regulations. Their demand will increase due to the rising demand for packaged foods and fast food.

Regional Insights

The key contributors to the industrial robotics market include Germany, China and Japan. With a revenue share exceeding 52.0%, the Asia Pacific region was the dominant market. It is expected to maintain its dominance through the forecast period. It also shipped the most units in 2016, with around 151 000 units. The forecast period will see a significant CAGR.

China, Japan and Korea are the major industrial robot manufacturing centers in Asia Pacific. South Korea and Japan are the leaders in the installation of industrial robots in the region. The booming electronics industry is responsible for the rapid growth of these markets.

Market Share in Industrial Robotics

YRG, Inc., ABB, Toshiba Machine Co., Ltd., Panasonic Corporation, Omron Adept Technologies, Inc., Fanuc Robotics, DENSO Corporation, Mitsubishi Electric Corporation, EPSON Electronics, and KU.K.a AG are the key players in this market. Market players need high levels of funding and investments in order to develop new products and maintain their position in the market. This can lead to high exit and entry barriers.

Major market players tend to look for new segments, such as lightweight robotics, and then think outside of heavy industrial robots while keeping a foothold within that segment. Custom robots are generally preferred over standard robots in manufacturing. They are specifically programmed for a particular work environment.

The Report Covers Certain Segments

The report provides forecasts for revenue growth at the global, regional and country level and analyzes industry trends in each sub-segment from 2014 to 2025. Up Market Research segmented the global industrial robots market report based on application and region.

• App Outlook (Revenue USD Million 2012-2020)

  • Automotive

  • Electrical/Electronics

  • Metal/Heavy Machinery

  • Chemical, Rubber, & Plastics

  • Food

  • Other

• Regional Outlook (Revenue USD Million 2012-2020)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • Italy

    • Spain

    • The U.K.

    • France

  • Asia Pacific

    • China

    • Japan

    • Korea

    • Taiwan

  • Rest of the World

Up Market Research published a new report titled “Industrial Robotics Market research report which is segmented by Application (Heavy Machinery, Automotive, Rubber & Plastics, Chemical, Electrical/Electronics, Food), By Players/Companies which leads to high entry as well as exit barriers, Inc; Fanuc Robotics; DENSO Corporation; Mitsubishi Electric Corporation; EPSON Electronics; and KUKa AG Market players often require high funding and investments to develop products and consolidate their position in the arena, Inc; ABB; Toshiba Machine Co, YRG, Ltd; Panasonic Corporation; Omron Adept Technologies”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Industrial Robotics Market Report Segments:

The market is segmented by Application (Heavy Machinery, Automotive, Rubber & Plastics, Chemical, Electrical/Electronics, Food).

Industrial Robotics Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Industrial Robotics Market

Overview of the regional outlook of the Industrial Robotics Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Industrial Robotics Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Industrial Robotics Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Heavy Machinery

                2. Automotive

                3. Rubber & Plastics

                4. Chemical

                5. Electrical/Electronics

                6. Food

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Industrial Robotics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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Reasons to Purchase the Industrial Robotics Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.