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Chicago, Feb. 02, 2023 (GLOBE NEWSWIRE) — Markets N Research has recently released expansive research on Global Industrial Robots Market with 220+ market data Tables, Pie Chart, and Graphs & Figures spread through Pages and easy to understand detailed analysis. The report endows with wide-ranging statistical analysis of the market’s continuous developments, capacity, production, production value, cost/profit, supply/demand and import/export. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. This market research report serves the clients by providing data and information on their business scenario with which they can stay ahead of the competition in today’s rapidly changing business environment.

The global industrial robots market is expected to exhibit strong growth, reaching USD 40.03 billion by 2030. As per the report titled “Industrial robots Market Size, Share & COVID-19 Impact Analysis, By Type (Traditional Robots and Collaborative Robots), By Payload (Up to 16.00 kg, 16.01-60.00 kg, 60.01-225.00 KG and More than 225.00 kg), By Component (Robot Arm, Robot Accessories (End Effectors, Controllers, etc.), Additional Robotic Hardware (Safety Fencing, Fixtures, Conveyors)), By Application (Handling, Welding & Soldering, Assembling & Disassembling, Dispensing, Processing and Others), By End Use Industry (Automotive, Electrical & Electronics, Metals & Machinery, Plastics, Rubbers, & Chemicals, Food & Beverages, Precision Engineering & Optics, Pharmaceutical & Cosmetics and Others), and Regional Forecasts, 2023-2030″ observes that the market size in 2022 stood at USD 15.9 billion and USD 40.03 billion in 2030. The market is expected to exhibit a CAGR of 14.10% during the forecast period.

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Industrial Robots Market Analysis:

Industrial robots provide many advantages, including lower costs, faster production rates, smaller, higher-quality products, and more flexible and efficient manufacturing processes. A growing understanding of their advantages is predicted to have a favorable impact on the market. Robotic technology installation enables businesses to gain financially in several ways, including decreased overhead expenses, increased productivity, decreased waste, and flexibility. Throughout the forecast period, the market is expected to be driven by developments in artificial intelligence, including deep learning and the creation of self-programming robots.

Report Scope:

Report Coverage	Details
Forecast Period	2023-2030
Forecast Period 2023 to 2030 CAGR	14.10 %
2030 Value Projection	40.03 billion
Base Year	2022
Market Size in 2022	15.9 billion
Historical Data for	2016 – 2021
Segments covered	By Type, By Payload, By Component, By Application, By End Use Industry and By Geography
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America

List Of Key Companies Profiled:

• ABB LTD. (ABB ROBOTICS)
• DAIHEN CORPORATION
• DENSO CORPORATION (DENSO ROBOTICS)
• FANUC CORPORATION
• KAWASAKI HEAVY INDUSTRIES LTD
• KUKA ROBOTICS CORPORATION
• MITSUBISHI ELECTRIC CORPORATION
• NACHI-FUJIKOSHI CORPORATION (NACHI ROBOTIC SYSTEMS, INC.)
• PANASONIC CORPORATION
• SEIKO EPSON CORPORATION
• UNIVERSAL ROBOTS A/S
• YASKAWA ELECTRIC CORPORATION

FANUC And BMW AG Reached A Framework Agreement To Provide 3,500 Robots

In February 2020, following a framework agreement agreed upon by FANUC and BMW AG, 3,500 robots will be provided by FANUC for new manufacturing facilities and lines. These robots will be used to create both current and upcoming BMW cars.

Major Players Develop Acquisition Plans to Boost Brand Image

The leading businesses in the industrial robots market plan acquisitions to improve their brand recognition globally. For instance, in February 2022, wearable robotics solutions are being introduced by Comau and IUVO to increase operator productivity when transferring goods manually. The goal is to improve health by reducing lower back fatigue.

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Our Free Sample Report Consists of the following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
• The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on the Request
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
• Includes Tables and figures have been updated
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
• MNR research methodology

Driving Factors:

• Shortage Of Skilled Workers To Propel Market Expansion

The market for industrial robots is expanding as a result of the labor crisis. Due to a lack of trained workers, firms cannot meet the demand given the rise in production requirements and the increasing demand. The existence of unskilled workers and the availability of skilled workers who aren’t looking for work are the two main causes of the shortage of skilled labor. According to the Department of Labor, the US economy had 7 million job opportunities as of January 2020, but only 5.6 million people were looking for work. Thus, in order to ensure a high supply, producers choose to deploy robots. The company has become more productive, efficient, and effective thanks to industrial robots. Because of this, there are more opportunities to integrate robots into the workforce as a result of the labor shortage.

• Growing Investment Across Industries is Fueling Market Growth

In general, industries including automotive, pharmaceuticals, consumer electronics, packaging, and equipment have a significant demand for industrial robots. But in order to harness industrial activity and reduce expenses, they must decide what kind of robot to install throughout their locations. Players in the consumer electronics sector, for instance, may speed up the deployment of collaborative robots to improve production flexibility. As a result, the company is receiving substantial investments, driving demand for these robots. For instance, Nissan Motor bought two lines of UR10 collaborative robots—arms—from Universal Robots for its Yokohama factory to reduce labor costs while preserving the effectiveness of manufacturing processes like Takt Time. Similar to how consumer electronics, medicines, and industrial firms all have a stake in the industry, this has helped the business expand.

Restraining Factors:

• High Industrial Robot Installation And Purchasing Costs Are Anticipated To Restrain Market Expansion

The market for industrial robots is predicted to grow slowly due to high purchase and installation costs. A robot installation is quite expensive because it involves not only the robot’s purchase but also its integration, programming, and upkeep. Small and medium-sized businesses (SMEs) will face significant challenges as a result of their low production volumes and difficult returns on investment. Additionally, rapidly shifting consumer tastes will necessitate machine customization, which will be challenging for SMEs. According to RobotWorx, the average cost of a new industrial robot from a manufacturer is between $50,000 and $80,000, if application-specific features are added, the cost might increase to between $100,000 and $150,000.

Challenging Factors:

• System Safety Issues With Industrial Robotics To Limit Market Growth

Several safety concerns accompany industrial robots. Some robots are quick and strong, especially those used in typical industrial settings. This raises the risk of danger since, for example, one swing from a robotic arm could result in catastrophic physical trauma. When a robot breaks down or needs maintenance, there are additional risks. A malfunctioning robot may hurt workers because these devices are frequently unreliable. If a robotic arm in a vehicle assembly line develops a jammed motor, the worker repairing the jam can be struck by the arm when it becomes unjammed. Similarly to this, other moving machinery could injure a person standing in an area where robotic arms are present.

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Global Industrial Robots Market Segmentations:

Global Industrial Robots Market By Type:

• Traditional Robots
• Collaborative Robots

Global Industrial Robots Market By Payload:

• Up to 16.00 kg
• 16.01-60.00 kg
• 60.01-225.00 KG
• More than 225.00 kg

Global Industrial Robots Market By Component:

• Robot Arm
• Robot Accessories (End Effectors, Controllers, etc.)
• Additional Robotic Hardware (Safety Fencing, Fixtures, Conveyors)

Global Industrial Robots Market By Application:

• Handling
• Welding & Soldering
• Assembling & Disassembling
• Dispensing
• Processing
• Others

Global Industrial Robots Market By End Use Industry:

• Automotive
• Electrical & Electronics
• Metals & Machinery
• Plastics, Rubbers, & Chemicals
• Food & Beverages
• Precision Engineering & Optics
• Pharmaceutical & Cosmetics
• Others

Global Industrial Robots Market Regional Insights:

The Asia Pacific is projected to hold the largest share of the industrial robots market over the forecast period. Growing automation, especially in Japan, China, and India, is anticipated to expand the sector. Additionally, as the population and average household income expand, so does the demand for goods for consumption and other items, leading to an expansion of the industry’s production capacity. Similarly, there is an increasing need for customized vehicles and machinery, which calls for high accuracy and quick manufacturing capabilities.

Further Report Findings:

• The market in the Asia Pacific is expected to gain a huge portion of the global industrial robots market share in the coming years. Rising automation, particularly in Japan, China, and India, is projected to fuel the sector’s growth.
• The demand for goods for consumption and other commodities also increases along with the population and average family income, which increases the industry’s production capacity.
• In North America, the growth in this region is primarily driven by the introduction of “smart factories,” “industry 4.0,” and rising demand for specialized, small-footprint robotic equipment.

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Key questions answered in this report:

• What is the size of the Industrial Robots market and what is its expected growth rate?
• What are the primary driving factors that push the Industrial Robots market forward?
• What are the Industrial Robots Industry’s top companies?
• What are the different categories that the Industrial Robots Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Industrial Robots market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis By Type, By Payload, By Component, By Application, By End Use Industry and By Geography
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Table of Content

Chapter 1: Preface

Chapter 2: Report Summary

Chapter 3: COVID 19 Impact Analysis

Chapter 4: Global Industrial Robots Market, By Type Segment Analysis

Chapter 5: Global Industrial Robots Market, By Payload Segment Analysis

Chapter 6: Global Industrial Robots Market, By Component Segment Analysis

Chapter 7: Global Industrial Robots Market, By Application Segment Analysis

Chapter 8: Global Industrial Robots Market, By End Use Industry Segment Analysis

Chapter 9: Industrial Robots Market – Regional Analysis, 2023 – 2030

Chapter 10: Industrial Robots Market – Industry Analysis

Chapter 12: Competitive Landscape

Chapter 13: Company Profiles

Chapter 14: Research Methodology

Chapter 15: Questionnaire

Chapter 16: Related Reports

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Key Insights from Primary Research/Key Insights & Findings from the report:

• As per the analysis shared by our primary respondents, the Industrial Robots market is expected to grow annually at a CAGR of around 14.10%.
• Through primary research, it was established that the Industrial Robots market was valued at around USD 15.9 billion in 2022.
• The Industrial Robots market is segmented based on product: traditional robots and collaborative robots. The traditional robots category was predicted to show maximum market share in the year 2021.
• The key factor driving the market is Shortage Of Skilled Workers
• The “Asia Pacific” region will lead the global Industrial Robots market during the forecast period 2022 to 2030.

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