Asia-Pacific continues to lead the Industrial Robotics market share during 2018-2023:
APAC is the largest market in 2017 with revenue of $5.66 billion led by the fast-growing Chinese market. This segment is projected to grow to $7.37 billion by 2023 at a 4.6% CAGR as increased awareness and lowering costs drive the Industrial Robotics market. Whereas, Americas is projected to register highest growth rate of 4.8% CAGR followed by APAC and Europe. The economic outlook for Asia-Pacific region is favorable owing to the large economic developments in China and India. The APAC region is forecast to be the fastest growing market for industrial robotics. All the major global players have established their operations in this region. The region is composed of a large number of oil importers and supply chain participants.
Selected / Sample Analysis done in the Industrial Robotics Market Report:
Among all the types, the Articulated Robot is dominating the market, which accounted for approximately 68% of the global revenue. This segment is projected to register the highest revenue of $9.13 billion by 2023 from $7.51 billion in 2017 at 3.4% CAGR. Articulated robots have long reached, high speed and larger working envelope. These robots allow a high level of functionality and are the most commonly used robots in next-generation robotics. These robots are used in applications like pick and place tasks, handling jobs, thread fastening, soldering and other similar tasks requiring fast and precise automation.
Excerpts on Market Growth Factors Mentioned in the Industrial Robotics Market Report:
The rising demand for applications of industrial robots in the welding and assembling applications especially in the automotive industry is certainly the key driver of the global industrial robot market.
The increase in labor costs and the need for efficient production techniques in developing countries are among the key drivers of the industrial robotics market.
Advancement in technology combined with increasing need for robotic automation driven by fast, low cost and error-free operation are the major drivers for this market.
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Key Players of the Industrial Robotics Market:
Fanuc Corporation and Yaskawa Motoman are the leading players in the global industrial robotics market accounting for 24% and 21% market share respectively. Fanuc Corporation, a Japan-based manufacturer for industrial robots are the market leader with a wide range of product portfolio and are constantly implementing market strategies to sustain their position in the global market. Recently, Fanuc partnered with technology giant CISCO to embed the latter’s technology in their industrial robots to mitigate any sort of breakdown and maintain their operational efficiency. Fanuc industrial robots would be powered with CISCO embedded technology that would help these devices to communicate properly before any sort of malfunctioning.
Industrial Robotics Market Report is Segmented as below.
Industrial Robotics Market By Type:
Cartesian or Gantry or Rectangular Arm Robots
Delta or Parallel Robots
Polar or Spherical Robots
RCU – Robot Controller Unit
Industrial Robotics Market By Product Type:
Selection & Picking
Industrial Material Removal & Inspection Systems
Industrial Robotics Market By End User:
Automotive & Auto Parts
Electrical & Electronics
Food & Beverages
Packaging and Palletization
Industrial Robotics Market By Geography ( Covers 20+ Countries )
Industrial Robotics Market Entropy
Companies Citied / Interviewed in Industrial Robotics Market
Denso Wave Inc.
Mitsubishi Electric Corp
Schunk Gmbh & Co. Kg
Adept Technology, Inc.
Kawasaki Robotics Inc.
Stäubli International Ag
Seiko Epson Corporation (SEIKO Group)
Toshiba Machine Co., Ltd.
What can you expect from the Industrial Robotics Market report?
The Industrial Robotics Market Report is Prepared with the Main Agenda to Cover the following 20 points:
Market Size by Product Categories
Top 10 End user Analysis
Merges & Acquisition Analysis
Demand Analysis ( By Revenue & Volume )
Country level Analysis (10+)
Market Shares Analysis
Value Chain Analysis
Supply Chain Analysis
Current & Future Market Landscape Analysis
Revenue and Volume Analysis
Frequently Asked Questions:
Does IndustryARC publish country, or application based reports in Industrial Robotics Market?
Response: Yes, we do have separate reports and database as mentioned below:
North America Market for Industrial Robotics Share (2018-2023)
Europe Market for Industrial Robotics Growth(2018-2023)
Asia-Pacific Market for Industrial Robotics Analysis (2018-2023)
Electrical & Electronics Market for Industrial Robotics Insights(2018-2023)
Food & Beverages Market for Industrial Robotics Forecast(2018-2023)
Metal Fabrication Market for Industrial Robotics (2018-2023)
Packaging and Palletization Market for Industrial Robotics (2018-2023)
Pharmaceuticals Market for Industrial Robotics (2018-2023)
Chemicals Market for Industrial Robotics (2018-2023)
Construction Market for Industrial Robotics (2018-2023)
Consumer Market for Industrial Robotics (2018-2023)
Biotechnology Market for Industrial Robotics (2018-2023)
Communication Market for Industrial Robotics (2018-2023)
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