Artificial Intelligence
[Latest] Global Industrial Robots Market Size/Share Worth USD 40.03 Billion by 2030 at an 14.10% CAGR: Markets N Research (Analysis, Drivers, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
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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.
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- 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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DUBAI, UAE, Dec. 9, 2023 /PRNewswire/ — The simplicity and lax requirements of digital nomad visas have made them easily accessible, and countries like Portugal and Spain, which have excellent infrastructure, great internet connection, and an outstanding standard of living, draw in more digital nomads by the day, according to experts at Dubai-headquartered citizenship and residency by investment advisors Savory and Partners.
A recent research quoted by the company estimates that there are 16.9 million digital nomads roaming the globe. This is a whopping 162% increase from 2019, just four years earlier.
As soon as Portugal introduced its digital nomad visa in October of 2022, the applications started pouring in. While the government hasn’t announced the number of applications it has received, Portugal’s Labour Minister did announce that the country approved 550 applications within the first six months.
Two months after launching its visa in September of 2021, Greece received 2,918 applications, approving an astonishing 1,693 applicants. The government is yet to release any new statistics, but going off that outstanding start it is safe to assume it is still garnering massive attention.
Germany also boasts impressive numbers, having issued a total of 3,638 visas in just one year since the introduction of its visa in 2018.
According to Residency Malta, the government branch responsible for the digital nomad visa, it has issued 1,041 visas to date, with an average approval rate of 78%.
Croatia, one of the first countries to introduce a pure digital nomad visa in early 2021 as a response to the rise in remote workers, has approved 680 applications, while 672 are still pending approval.
Not just Europe
“It’s not just Europe but even Barbados’ digital nomad visa, dubbed the Welcome Stamp, has been doing outstandingly well, receiving a total of 3,511 applications between 2020 and 2022”, a digital nomad specialist at Savory & Partners reports.
While digital nomads typically use visa-free access or visas to stay in countries for a few months at a time before moving on to the next, digital nomad visas provide a sense of comfort and stability that aligns perfectly with their lifestyle, giving them ample time to enjoy the country they are in before moving on to the next.
Unsurprising demand
The rapid growth in application numbers and the surging demand for digital nomad visas isn’t surprising. They are extremely simple to apply to, have fast processing times ranging from a few days to a couple of months, and they do not require any business establishment or investment.
Portugal’s digital nomad visa, for example, only requires applicants to prove a monthly income of €3,040 per month, while Spain’s visa has a lower threshold of just €2,160 per month.
Savory & Partners is an accredited agent for multiple governments where citizenship by investment is offered. The company has coverage in over 20 jurisdictions, including Europe and was the first firm to obtain all five authorised agent licenses for the governments of the Caribbean Islands. It has processed second passports for over 4,000 citizens with a 100 per cent success rate.
With a presence in 3 continents and 7 countries and more than 60 experts worldwide, the company’s multinational staff comprises advisors who guide clients in English, Arabic, Farsi, French, Spanish and Hindi.
To know more about Savory & Partners, visit www.savoryandpartners.com.
For more information, please send an email to [email protected] can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
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Artificial Intelligence
Robotic Lawn Mower Market to Reach $2.4 Billion, by 2032 at 10.9% CAGR: Allied Market Research
The increasing demand for smart appliances for garden maintenance by global consumers, along with the development of IOT enabled features is fueling the growth of the robotic lawn mower market.
WILMINGTON, Del., Dec. 8, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Robotic Lawn Mower Market by Range (Low-Range Robotic Lawn Mower, Medium-Range Robotic Lawn Mower, and High-Range Robotic Lawn Mower), End User (Residential User and Commercial User), and Distribution Channel (Retail and Online): Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global robotic lawn mower market size was valued at $838.5 million in 2022, and is projected to reach $2.4 billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.
Request Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/5117
Prime determinants of growth
The robotic lawn mower market is driven by factors such as increase in demand for automation, rise in advancements for technology, and increase in popularity of online platforms. However, the rise in regular maintenance and repair costs restricts market growth. Moreover, the increase in demand for rental robotic lawn mowers offers new opportunities in the coming years.
Report coverage & details:
Report Coverage
Details
Forecast Period
2023–2032
Base Year
2022
Market Size in 2022
$838.5 million
Market Size in 2032
$2.4 billion
CAGR
10.9 %
No. of Pages in Report
250
Segments covered
Range, End User, Distribution Channel, and Region
Drivers
Increase in demand for automation
Rise in advancements for technology
Reduction in the labor costs
Opportunities
Increase in demand for rental robotic lawn mowers
Growth in the adoption of internet of things
Declining Cost of Batteries/Fuel Cells
Restraints
Less adoption in developing markets
Regular maintenance and repair costs
Procure Complete Report (250 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/64e274edbc38210d8eac6958c5995e56
The medium range robotic lawn mower segment to maintain its leadership status throughout the forecast period
Based on range, the medium range robotic lawn mower segment dominated the market in 2022 accounting for more than half of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.4% from 2023 to 2032, owing to the increase in residential and commercial spaces such as buildings, corporate spaces, sports centers, and public parks, which has fueled the requirement for medium range robotic lawn mowers.
The residential segment to maintain its leadership status throughout the forecast period
Based on end user, the residential segment dominated the market in 2022 accounting for less than three-fourths of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.7% from 2023 to 2032, owing to the increase in the demand for low and medium range robotic lawn mowers in the residential sector due to the increased requirement for lawn care and maintenance.
The retail segment to maintain its lead position during the forecast period
On the basis of the distribution channel, the retail segment dominated the market in 2022 accounting for less than half of the market share and is expected to maintain its dominance during the forecast period. The increased demand for ecologically friendly and sustainable robotic lawn mowers, which is being driven by the rising awareness of environmental challenges, is one of the main factors boosting retail sales.
Europe to maintain its dominance by 2032
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the market share and is expected to maintain its dominance during the forecast period. The growing popularity in artificial intelligence for performing day-to-day activities with higher efficiency is among the primary factors driving the Europe robotic lawn mower market.
Enquire before buying: https://www.alliedmarketresearch.com/purchase-enquiry/5117
Leading Market Players: –
Robert Bosch GmbHHusqvarna ABHonda Motor Co., Ltd.Zucchetti Centro Sistemi S.p.A.Stiga C S.a.r.l.Andreas Holding AG & Co. KGPositec Tool CorporationWiper S.R.L.Suzhou Cleva Electric Appliance Co., Ltd.Stanley Black & Decker, Inc.The report provides a detailed analysis of these key players in the robotic lawn mower market. These players have adopted different strategies such as acquisition, partnerships, and new product launches to increase their market share and maintain dominant shares in the market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Read More Trending “AMR Exclusive Insights:
Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2023-2032Canada Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Mexico Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Europe Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032France Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Germany Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected]: www.alliedmarketresearch.comAllied Market Research Blog:https://blog.alliedmarketresearch.com/consumer-goods
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LONDON, Dec. 8, 2023 /PRNewswire/ — HH Global has furthered its commitment to environmental transparency by completing a full assessment of the carbon footprint of our business for the fourth year in a row and disclosing our impact through CDP, the world’s leading environmental disclosure platform.
With a record +23,000 companies disclosing through CDP in 2023, HH Global’s data will be added to the most comprehensive inventory of self-reported environmental data in the world – helping to drive action through greater transparency.
CDP is a global non-profit that runs the disclosure platform for companies, cities, states and regions. CDP pioneered using capital markets and corporate procurement to motivate companies to report on their environmental impacts – and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Their aim is to see a thriving economy that works for both people and planet in the long term.
Kevin Dunckley, Chief Sustainability Officer at HH Global commented:”HH Global is proud to have disclosed our environmental data through CDP for the fourth successive year. Tracking progress on reducing emissions is essential if we are to secure a 1.5°C world. Commitment to meaningful and measurable environmental action is more critical than ever and reporting where we are, our goals for a sustainable future and how we are getting there is vital.”
Sherry Madera, Chief Executive Officer at CDP said:
“With over 23,000 businesses disclosing through CDP this year, it is clear that sustainability – and the data that underpins it – is not a ‘nice to have’, but an essential part of long-term success in the business community that is showing no sign of slowing down – nor should it.
“Disclosure works, and today we should take a short pause to celebrate the dedication to transparency and accountability shown by HH Global reporting through CDP this year.
“A 1.5-degree future is still possible if the global community works in lockstep to get there.
“By sharing their environmental data with CDP, HH Global is continuing an environmental journey that will contribute to keeping that future in sight.”
The full list of companies disclosing through CDP can be accessed here: https://www.cdp.net/en/responses.
About HH Global
HH Global is a tech-enabled, creative production and procurement partner that delivers big impact for big ideas across the globe. With +4,500 experts in every market and a thirty-year track record of success, we help the biggest brands on the planet achieve stronger, more sustainable growth. Across every channel. At the speed of modern business. With an unmatched supply chain, a growing suite of tech tools and data insights—we make our clients’ brilliant ideas unmissable everywhere.
About CDP
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 740 financial institutions with over $137 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 25,000 organizations around the world disclosed data through CDP in 2023, with more than 23,000 companies – including listed companies worth two thirds global market capitalization – and over 1,100 cities, states and regions.
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