Information Technology
Industrial Robots Market to Be Worth $37.1. Billion by 2031- Exclusive Report by Meticulous Research
Industrial robots refer to automated machines or robotic systems used in industrial environments to perform tasks that enhance manufacturing efficiency, productivity, safety, and precision. These robots are designed to carry out repetitive, labor-intensive, or hazardous tasks that would otherwise require human workers. They are commonly deployed in settings such as assembly lines, factories, warehouses, and distribution centers. Typical applications include welding, painting, assembly, packaging, material handling, quality inspection, and more. In certain sectors, such as healthcare, industrial robots are also adapted for specialized tasks, including surgical procedures.
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The growth of the Industrial robots market is primarily driven by the increasing adoption of robots in the manufacturing sector and government support to encourage the adoption of industrial robots. However, the high initial investment requirements and performance issues with robots may restrain the growth of this market.
Moreover, the increasing automation across the automotive and electronics sectors, and rising focus on reducing human labor across industries are expected to generate growth opportunities for the players operating in this market. However, the lack of skilled professionals and safety concerns associated with robots interacting with other industrial systems are some of the challenges impacting the growth of this market.
The Industrial robots market is segmented based on component (robots, robot accessories, controllers, software), payload capacity (up to 60 kg, 60 to 100 kg, 100 to 225 kg, and above 225 kg), application (material handling, welding & soldering, assembling & dissembling, machine tending, dispensing, processing, inspection, and other applications), end-use industry (automotive, electrical & electronics, metal & machinery, plastic & chemicals, oil & gas, food & beverage, aerospace & defense, biotechnology, healthcare, and other end-use industries). The report also provides a comprehensive analysis of the industrial robots market in North America , Europe , Asia-Pacific , Latin America , and the Middle East & Africa .
the robots segment is slated to register the highest CAGR during the forecast period. This growth is driven by the increasing adoption of robots in the manufacturing sector, the rising demand for collaborative robots, and the growing need for robots to improve workplace safety. Additionally, the benefits offered by robots, such as enhanced productivity, precision, quality control, cost reduction, improved workplace safety, better operational efficiency, and optimized inventory and supply chain management, are expected to further drive its growth.
, the 60 to 100 kg segment is slated to register the highest CAGR during the forecast period. This growth is driven by the increased demand for automation in manufacturing, the rising need for robots with a 60-100 kg payload capacity in the automotive sector, and the growing demand for robots capable of handling heavy-duty tasks across various industries.
, the material handling segment is slated to register the highest CAGR during the forecast period. This growth is driven by the rising demand for material handling robots to improve production line efficiency, the growing adoption of these robots, and the increasing need for speed and accuracy in material handling operations.
, the automotive segment is slated to register the highest CAGR during the forecast period. This growth is driven by the increasing demand for electric and autonomous vehicles, a growing adoption of automation and Industry 4.0 technologies, and the need for manufacturers in the automotive industry to accelerate production, reduce costs, and enhance product quality.
, the market in Asia-Pacific is slated to record the highest CAGR during the forecast period. This growth is driven by the growing adoption of industrial robotics across various sectors, the increasing use of collaborative robots, the presence of key market players, and the rising need for manufacturers to automate production processes. Additionally, factors such as the region's infrastructure development, especially in China , South Korea , Japan , and India ; the rapid growth of regional economies; the expansion of industries like automotive and electronics; advancements in robotics, AI, and ML technologies; and increasing investments by market players further contribute to the growth of this regional market.
The key players operating in the industrial robots market are ABB Ltd ( Switzerland ), Fanuc Corporation ( Japan ), YASKAWA Electric Corporation ( Japan ), KUKA AG ( Germany ), Mitsubishi Electric Corporation ( Japan ), Kawasaki Heavy Industries, Ltd. ( Japan ), Universal Robots Als (A Part of Teradyne Inc.) ( Denmark ), Stdubli International AG ( Switzerland ), Techman Robot lnc ( Taiwan ), Denso Corporation ( Japan ), OMRON Corporation ( Japan ), HD Hyundai Co Ltd ( South Korea ), Bosch Rexroth AG (A Part of Robert Bosch GmbH) ( Germany ), Seiko Epson Corporation ( Japan ), Dürr Aktiengesellschaft ( Germany ), Comau S.p-A. (Ita F&P Robotics AG ( Switzerland ), and Franka Robotics GmbH ( Germany ).
Collaborative Robots Market Size, Share, Forecast, & Trends Analysis by Type, Component (Hardware, Software), Payload, Application (Material Handling, Welding & Soldering, Assembling and Disassembling), and End-use Industry (Oil & Gas, Automotive, Food & Beverage, Others) -Global Forecast to 2031 - https://www.meticulousresearch.com/product/collaborative-robots-market-5014
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