Abstract
Summary
The Industrial Robotics market is valued at USD 17.0 billion in 2023 and is projected to reach USD 32.5 billion by 2028, growing at a CAGR of 13.8% from 2023 to 2028. Shortage of skilled labor in manufacturing industries is one of the major driving factors in the market.
“Market for traditional robots to hold largest share during the forecast period.”
Traditional industrial robots are developed to offer speed and accuracy. They are generally built to carry high payloads and are programmed to perform a single task continuously. The robots are well suited for high-volume production and have been fundamental in scaling up productivity in major industries such as metals & machinery and automotive. The robots are dangerous in close proximity to humans and are generally deployed in a cage or an enclosure.
“Market for Upto 16.00 Kg segment is expected to hold the largest share during the forecast period”
Industries across various sectors are currently adopting robots with a payload of up to 16 kg due to the significant advantages such as high accuracy, flexibility, and cost-effectiveness. In manufacturing, these robots are being widely implemented to enhance productivity, efficiency, and precision. With the growth in demand for machines in sectors such as agriculture, packaging, and manufacturing, the market for industrial robots with payload carrying capacity of up to 16.00 kg for the metals & machinery industry is expected to record the highest CAGR between 2023 and 2028. This category mainly includes articulated, parallel, SCARA, and collaborative robots.
“Market for Automotive end use industry segment to witness largest share during the forecast period”
Welding has been one of the first and most popular applications of industrial robots in the automotive industry. Spot welding is extensively used to weld sheet metals for four-wheelers. Spot welding robots have a larger size and reach than arc welding robots, which are used for welding smaller parts, such as brackets and mounts, and producing two-wheelers. Due to the speed and repeatability of automated welding, manual welding is seldom used in assembly line manufacturing. Spray painting automation is another widespread application in assembly lines, majorly used to protect workers from toxic fumes. Robots provide consistency in paint application and minimize wastage. They are also used for machine tending and material removal applications..
“Europe is expected to have second-largest market size during the forecast period”
The growth of the automotive, pharmaceuticals, glass, and food industries in Europe will lead to the growth of the industrial robotics market in the region. Recently, Europe signed free trade agreements with South Korea and Singapore. This increase in industrialization is expected to boost the demand for industrial robots. ABB (Switzerland), KUKA (Germany), and Universal Robots (Denmark) are among the major players in the industrial robotics market in the region. The number of industrial robots in Europe is increasing, with a 6% year-on-year growth in 2022.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the industrial robotics market space. The break-up of primary participants for the report has been shown below:
• By Company Type: Tier 1 – 35%, Tier 2 – 40%, and Tier 3 – 25%
• By Designation: C-level Executives – 45%, Directors –35%, and Others – 20%
• By Region: North America –30%, Asia Pacific– 40%, Europe – 20%, and RoW – 10%
The report profiles key players in the industrial robotics market with their respective market ranking analysis. Prominent players profiled in this report are include — ABB (Switzerland), FANUC CORPORATION (Japan), Yaskawa Electric Corporation (Japan), KUKA AG (Germany), and Mitsubishi Electric (Japan). Apart from these Kawasaki Heavy Industries (Japan), DENSO Corporation (Japan), Nachi-Fujikoshi (Japan), Durr (Germany), and SEIKO EPSON (Japan).are among a few emerging companies in the industrial robotics market.
Report Coverage
The report defines, describes, and forecasts the industrial robotics market based on type, component, payload, application, end use industry and region. It provides detailed information regarding drivers, restraint, opportunities, and challenges influencing the growth of industrial robotics market. It also analyzes competitive developments such as product launches, acquisition, collaboration, partnership, and action carries out by the key players to grow the market.
Reasons to Buy This Report
The report will help the market leaders/new entrants in the market with information on the closest approximations of the revenue for the overall industrial robotics market and the subsegments. The report will help stakeholders understand the competitive landscape and gain more insight to position their business better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provide them information on key drivers, restraint, opportunities, and challenge.
The report will provide insights to following pointers:
• Analysis of key drivers (growing demand for collaborative robots across industries), opportunities (Emergence of Industry 5,0) and challenges (Safety concerns related to industrial robotics systems) of the industrial robotics market.
• Product development /Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the industrial robotics market.
• Market Development: Comprehensive information about lucrative markets, the report analyses the industrial robotics market across various regions.
• Market Diversification: Exhaustive information about new product & services, untapping geographies, recent developments, and investments in the industrial robotics market.
• Competitive Assessment: In depth assessment of market share, growth strategies, and services, offering of leading players like ABB (Switzerland), FANUC CORPORATION (Japan), Yaskawa Electric Corporation (Japan), KUKA AG (Germany), and Mitsubishi Electric (Japan). among others in industrial robotics market.
Table of Contents
1 INTRODUCTION 53
1.1 STUDY OBJECTIVES 53
1.2 MARKET DEFINITION 54
1.3 INCLUSIONS AND EXCLUSIONS 54
1.4 STUDY SCOPE 55
1.4.1 REGIONAL SCOPE 57
1.4.2 YEARS CONSIDERED 57
1.5 CURRENCY AND PRICING 58
1.6 LIMITATIONS 58
1.7 STAKEHOLDERS 58
1.8 SUMMARY OF CHANGES 58
1.9 RECESSION ANALYSIS 59
2 RESEARCH METHODOLOGY 60
2.1 RESEARCH DATA 60
2.1.1 SECONDARY DATA 61
- 2.1.1.1 Major secondary sources 61
- 2.1.1.2 Key data from secondary sources 62
2.1.2 PRIMARY DATA 62
- 2.1.2.1 Key data from primary sources 63
- 2.1.2.2 Breakdown of primaries 63
2.1.3 SECONDARY AND PRIMARY RESEARCH 64
- 2.1.3.1 Key industry insights 65
2.2 MARKET SIZE ESTIMATION 66
2.2.1 BOTTOM-UP APPROACH 67
- 2.2.1.1 Capturing market share using bottom-up approach (demand side) 68
2.2.2 TOP-DOWN APPROACH 68
- 2.2.2.1 Capturing market share using top-down analysis (supply side) 70
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 70
2.4 RESEARCH ASSUMPTIONS 72
2.4.1 ASSUMPTIONS 72
2.5 IMPACT OF RECESSION 73
2.6 RISK ASSESSMENT 73
2.7 RESEARCH LIMITATIONS 74
3 EXECUTIVE SUMMARY 75
3.1 INDUSTRIAL ROBOTICS MARKET: RECESSION IMPACT 76
4 PREMIUM INSIGHTS 82
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDUSTRIAL ROBOTICS MARKET 82
4.2 INDUSTRIAL ROBOTICS MARKET, BY TYPE 83
4.3 INDUSTRIAL ROBOTICS MARKET, BY PAYLOAD 83
4.4 INDUSTRIAL ROBOTICS MARKET, BY COMPONENT 84
4.5 INDUSTRIAL ROBOTICS MARKET, BY APPLICATION 84
4.6 INDUSTRIAL ROBOTICS MARKET, BY END USE INDUSTRY 85
4.7 TRADITIONAL INDUSTRIAL ROBOTICS MARKET, BY COUNTRY 85
5 MARKET OVERVIEW 86
5.1 INTRODUCTION 86
5.2 MARKET DYNAMICS 86
5.2.1 DRIVERS 87
- 5.2.1.1 Rising demand for collaborative robots across industries 87
- 5.2.1.2 Anticipated shortage of skilled labor in manufacturing industries 88
- 5.2.1.3 Growing adoption of Industry 4.0 88
- 5.2.1.4 Rising demand for automation in manufacturing and logistics 89
- 5.2.1.5 AI and digital automation to enhance capabilities of industrial robots 90
5.2.2 RESTRAINTS 91
- 5.2.2.1 High cost of deployment for SMEs 91
- 5.2.2.2 Complexity and integration difficulties 92
5.2.3 OPPORTUNITIES 93
- 5.2.3.1 Increasing automation in electronics industry 93
- 5.2.3.2 Emergence of Industry 5.0 93
5.2.4 CHALLENGES 94
- 5.2.4.1 Safety concerns related to industrial robotics systems 94
- 5.2.4.2 Workforce skills and interoperability 95
5.3 VALUE CHAIN ANALYSIS 96
5.3.1 SUPPLY CHAIN PARTICIPANTS 98
- 5.3.1.1 OEMs 98
- 5.3.1.2 Suppliers 98
- 5.3.1.3 Robot integrators 98
- 5.3.1.4 Distributors 99
- 5.3.1.5 IT/Big data companies 99
- 5.3.1.6 Research centers 99
5.4 MARKET MAP 99
5.5 PRICING ANALYSIS 102
5.5.1 AVERAGE SELLING PRICE OF VARIOUS INDUSTRIAL ROBOTS 102
5.5.2 AVERAGE SELLING PRICE TREND, BY PAYLOAD CAPACITY 104
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 104
5.6.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR INDUSTRIAL ROBOTICS PROVIDERS 105
5.7 TECHNOLOGY ANALYSIS 105
5.7.1 KEY TECHNOLOGY TRENDS 105
- 5.7.1.1 Integration of industrial robots and vision systems 105
5.7.2 COMPLEMENTARY TECHNOLOGIES 106
- 5.7.2.1 Penetration of Industrial Internet of Things and AI in industrial manufacturing 106
- 5.7.2.2 Adoption of safety sensors in industrial robotics 107
5.7.3 ADJACENT TECHNOLOGIES 107
- 5.7.3.1 Introduction of 5G into industrial manufacturing 107
5.8 PORTER’S FIVE FORCES ANALYSIS 108
5.8.1 INTENSITY OF COMPETITIVE RIVALRY 109
5.8.2 BARGAINING POWER OF SUPPLIERS 110
5.8.3 BARGAINING POWER OF BUYERS 110
5.8.4 THREAT OF SUBSTITUTES 110
5.8.5 THREAT OF NEW ENTRANTS 110
5.9 KEY STAKEHOLDERS & BUYING CRITERIA 111
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 111
5.9.2 BUYING CRITERIA 112
5.10 CASE STUDY ANALYSIS 113
5.11 TRADE ANALYSIS AND TARIFF ANALYSIS 117
5.11.1 TRADE ANALYSIS 117
- 5.11.1.1 Trade data for HS code 847950 117
5.11.2 TARIFF ANALYSIS 118
5.12 PATENT ANALYSIS 120
5.12.1 MAJOR PATENTS 122
5.13 KEY CONFERENCES AND EVENTS, 2023-2024 131
5.14 REGULATORY LANDSCAPE 133
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS RELATED TO INDUSTRIAL ROBOTICS 133
5.14.2 STANDARDS AND REGULATIONS RELATED TO INDUSTRIAL ROBOTICS 136
6 REFURBISHMENT OF INDUSTRIAL ROBOTS (QUALITATIVE) 140
6.1 INTRODUCTION 140
6.2 KEY PARAMETERS 140
6.2.1 CYCLE TIME 140
6.2.2 PERFORMANCE & ACCURACY 141
6.2.3 WEAR & TEAR 141
6.3 REFURBISHMENT TRENDS FOR VARIOUS INDUSTRIAL ROBOTS 141
6.4 TOP FIVE INDUSTRIES ADOPTING REFURBISHED ROBOTS 142
6.4.1 AUTOMOTIVE 142
6.4.2 METALS & MACHINERY 143
6.4.3 ELECTRICAL & ELECTRONICS 143
6.4.4 SMALL WORKSHOPS 144
6.4.5 FOOD & BEVERAGES 144
6.4.6 PHARMACEUTICALS & HEALTHCARE 145
6.4.7 LOGISTICS & WAREHOUSING 145
6.5 KEY PRACTICES OF INDUSTRIAL ROBOT OEMS 145
6.5.1 FOCUS ON NEW ROBOTS 145
6.5.2 POST-SALES SERVICE 146
6.5.3 RESEARCH & DEVELOPMENT 146
6.5.4 CUSTOMIZATION & FLEXIBILITY 146
6.5.5 INTEGRATION & CONNECTIVITY 146
6.5.6 SAFETY STANDARDS AND COMPLIANCE 147
6.5.7 USE CASE: JACOBS DOUWE EGBERTS ENHANCES PERFORMANCE WITH ABB IRB640 REFURBISHED ROBOT 147
6.5.8 USE CASE: OSSID MACHINERY BOOSTS RELIABILITY PERFORMANCE WITH AND MITSUBISHI ELECTRIC AUTOMATION PORTFOLIO 148
7 INDUSTRIAL ROBOTICS MARKET, BY TYPE 149
7.1 INTRODUCTION 150
7.2 TRADITIONAL ROBOTS 151
7.2.1 INCREASING ADOPTION OF ARTICULATED ROBOTS TO FUEL MARKET GROWTH 151
7.2.2 ARTICULATED ROBOTS 156
- 7.2.2.1 Increased flexibility and performance of complex movements to boost demand 156
7.2.3 SCARA ROBOTS 164
- 7.2.3.1 High-speed capabilities to drive demand 164
7.2.4 PARALLEL ROBOTS 172
- 7.2.4.1 Improved accuracy and super dynamic performance to augment market size 172
7.2.5 CARTESIAN ROBOTS 180
- 7.2.5.1 Simple movements and ease of programmability to augment market size 180
7.2.6 CYLINDRICAL ROBOTS 188
- 7.2.6.1 Compatibility with various automation technologies to drive market 188
7.2.7 OTHERS 195
- 7.2.7.1 Spherical robots 195
- 7.2.7.1.1 Ability to navigate challenging terrains to drive demand 195
- 7.2.7.2 Swing-arm robots 196
- 7.2.7.2.1 Ongoing development in sensing AI to drive market 196
- 7.2.7.1 Spherical robots 195
7.3 COLLABORATIVE ROBOTS 203
7.3.1 EASE OF USE AND LOW-COST DEPLOYMENT TO DRIVE MARKET 203
8 INDUSTRIAL ROBOTICS MARKET, BY PAYLOAD 206
8.1 INTRODUCTION 207
8.2 UP TO 16.00 KG 209
8.2.1 HIGH ACCURACY AND FLEXIBILITY TO STRENGTHEN MARKET 209
8.3 16.01-60.00 KG 210
8.3.1 AUTOMOTIVE INDUSTRY TO OFFER LUCRATIVE OPPORTUNITIES 210
8.4 60.01-225.00 KG 212
8.4.1 ENSURED SAFETY IN INDUSTRIES WITH HEAVY AND CUMBERSOME MATERIALS TO BOOST DEMAND 212
8.5 MORE THAN 225.00 KG 213
8.5.1 REDUCED RISK OF HUMAN INJURY AND IMPROVED PRODUCTIVITY TO AUGMENT MARKET SIZE 213
9 INDUSTRIAL ROBOTICS MARKET, BY COMPONENT 214
9.1 INTRODUCTION 215
9.2 ROBOT ARMS 216
9.2.1 PHARMACEUTICAL AND FOOD AND BEVERAGE SECTORS TO GENERATE SIGNIFICANT DEMAND 216
9.3 ROBOT ACCESSORIES 217
9.3.1 GROWING INVESTMENT IN RESEARCH AND DEVELOPMENT TO DRIVE MARKET 217
9.3.2 END EFFECTORS 218
- 9.3.2.1 Growth in welding and painting applications to boost demand 218
- 9.3.2.2 Welding guns 218
- 9.3.2.2.1 Suitable for high-volume production applications 218
- 9.3.2.3 Grippers 219
- 9.3.2.3.1 Growing need to handle sensitive objects cautiously to boost demand 219
- 9.3.2.3.2 Mechanical 219
- 9.3.2.3.2.1 Cost-effective nature to drive market 219
- 9.3.2.3.3 Electric 220
- 9.3.2.3.3.1 Programmability and seamless integration with other robotic systems to boost demand 220
- 9.3.2.3.4 Magnetic 220
- 9.3.2.3.4.1 Capability to function during blackout to drive market 220
- 9.3.2.4 Tool changers 221
- 9.3.2.4.1 Increasing need to use robotic tool changers for multiple functioning of robot arms 221
- 9.3.2.5 Clamps 222
- 9.3.2.5.1 Space-saving benefits and enhanced safety to strengthen market 222
- 9.3.2.6 Suction cup 222
- 9.3.2.6.1 Inexpensive and versatility to benefit market growth 222
- 9.3.2.7 Others 223
- 9.3.2.7.1 Deburring tools 223
- 9.3.2.7.2 Milling tools 223
- 9.3.2.7.3 Soldering tools 223
- 9.3.2.7.4 Painting tools 224
- 9.3.2.7.5 Screwdrivers 224
9.3.3 CONTROLLERS 224
- 9.3.3.1 Ease of programming and minimizing compatibility issues to drive demand 224
9.3.4 DRIVE UNITS 225
- 9.3.4.1 Ability to enhance capacity of robot to boost demand 225
- 9.3.4.2 Hydraulic drive 225
- 9.3.4.2.1 Ability of being used around highly explosive materials to boost demand 225
- 9.3.4.3 Electric drives 225
- 9.3.4.3.1 Low maintenance requirements to augment market size 225
- 9.3.4.4 Pneumatic drives 225
- 9.3.4.4.1 Ease of installation to benefit market 225
9.3.5 VISION SYSTEMS 226
- 9.3.5.1 Reduced human involvement and operational benefits to strengthen market 226
9.3.6 SENSORS 226
- 9.3.6.1 Incorporation of sensors in industrial robots to gather information about environment to strengthen market 226
9.3.7 POWER SUPPLY 226
- 9.3.7.1 Incorporation of safety features like voltage regulation to drive market 226
9.3.8 OTHERS 227
9.4 ADDITIONAL HARDWARE 227
9.4.1 SAFETY FENCING 227
- 9.4.1.1 Addresses safety concerns by machine perimeter guarding, among others 227
9.4.2 FIXTURES 228
- 9.4.2.1 Enhanced flexibility in manufacturing to expand segment growth 228
9.4.3 CONVEYORS 228
- 9.4.3.1 High efficiency in manufacturing processes to augment market size 228
9.5 SYSTEM ENGINEERING 228
9.5.1 FACILITATES INSTALLATION OF ROBOTIC SYSTEM IN INDUSTRIAL ENVIRONMENT 228
9.6 SOFTWARE & PROGRAMMING 229
9.6.1 EASE OF MAINTENANCE AND OPERATIONS OF INDUSTRIAL ROBOTS TO BOOST DEMAND 229
10 INDUSTRIAL ROBOTICS MARKET, BY APPLICATION 230
10.1 INTRODUCTION 231
10.2 HANDLING 239
10.2.1 INCREASING DEMAND FOR PALLETIZING ROBOTS IN MATERIAL HANDLING APPLICATIONS 239
10.2.2 PICK & PLACE 242
- 10.2.2.1 Increasing demand in electronics and food & beverages sectors to benefit market 242
10.2.3 MATERIAL HANDLING 243
- 10.2.3.1 Increased productivity in manufacturing and logistics to drive market 243
10.2.4 PACKAGING & PALLETIZING 243
- 10.2.4.1 Integration of advanced sensors and grippers in packaging and palletizing robots to boost operation 243
10.3 ASSEMBLING & DISASSEMBLING 244
10.3.1 INCREASING DEMAND FOR ROBOTS OFFERING SPEED AND PRECISION TO BOOST DEMAND 244
10.4 WELDING & SOLDERING 248
10.4.1 RISING DEMAND FOR ROBOTS WITH HOLLOW WRISTS TO DRIVE MARKET 248
10.5 DISPENSING 251
10.5.1 INCREASING DEMAND IN PHARMACEUTICAL AND COSMETIC INDUSTRIES TO DELIVER HIGH PRECISION 251
10.5.2 GLUING 252
- 10.5.2.1 Increasing demand for highly precise adhesive dispensers from automotive and electronics industries to boost market 252
10.5.3 PAINTING 253
- 10.5.3.1 Need for explosion- and contamination-proof robots to drive market 253
10.5.4 FOOD DISPENSING 253
- 10.5.4.1 Technological advances to result in rising demand for robots in food processing 253
10.6 PROCESSING 256
10.6.1 FOOD AND BEVERAGE INDUSTRY TO OFFER LUCRATIVE OPPORTUNITIES 256
10.6.2 GRINDING AND POLISHING 257
- 10.6.2.1 Time and cost savings while machining complex designs to boost demand 257
10.6.3 MILLING 257
- 10.6.3.1 High degree of freedom due to multi-axis robot arms to boost demand 257
10.6.4 CUTTING 258
- 10.6.4.1 Automotive industry to generate significant demand 258
10.7 CLEANROOM 261
10.7.1 INCREASING USE IN PHARMACEUTICALS, ELECTRONICS, AND SEMICONDUCTOR MANUFACTURING 261
10.8 OTHERS 264
10.8.1 INSPECTION & QUALITY TESTING 264
- 10.8.1.1 Automotive sector to offer lucrative opportunities 264
10.8.2 DIE-CASTING & MOLDING 265
- 10.8.2.1 Improved worker safety by minimizing exposure to hazardous materials to boost demand 265
11 INDUSTRIAL ROBOTICS MARKET, BY END USE INDUSTRY 269
11.1 INTRODUCTION 270
11.2 AUTOMOTIVE 279
11.2.1 INCREASING NEED FOR CONSISTENCY AND REPEATABILITY TO DRIVE MARKET 279
11.3 ELECTRICAL & ELECTRONICS 284
11.3.1 EXTENSIVE USE OF SCARA ROBOTS FOR HANDLING APPLICATIONS TO DRIVE MARKET 284
11.4 METALS & MACHINERY 290
11.4.1 INCREASING DEMAND FOR COST-EFFECTIVE PRODUCTION COMPONENTS TO BENEFIT MARKET 290
11.5 PLASTICS, RUBBER & CHEMICALS 295
11.5.1 RISING USE OF ROBOTIC MOLDING AND HANDLING FOR VARIOUS PURPOSES TO STRENGTHEN MARKET 295
11.6 FOOD & BEVERAGES 301
11.6.1 GROWING REQUIREMENT FOR FOOD-GRADE AND WATER-RESISTANT ROBOTS 301
11.7 PRECISION ENGINEERING & OPTICS 306
11.7.1 RISING USE OF ROBOTS FOR BUFFING AND POLISHING TASKS 306
11.8 PHARMACEUTICALS & COSMETICS 311
11.8.1 USE OF ROBOTS IN HOSPITALS AND RESEARCH LABORATORIES FOR HANDLING AND DISPENSING APPLICATIONS TO DRIVE MARKET 311
11.9 OIL & GAS 316
11.9.1 IMPROVED OIL AND GAS SAFETY, PRODUCTIVITY, AND QUALITY TO DRIVE MARKET 316
11.10 OTHERS 322
12 INDUSTRIAL ROBOTICS MARKET, BY REGION 328
12.1 INTRODUCTION 329
12.2 NORTH AMERICA 334
12.2.1 PROLIFERATION OF INDUSTRIAL ROBOTS AMONG REGIONAL AUTOMOTIVE MANUFACTURERS 334
12.2.2 IMPACT OF RECESSION ON INDUSTRIAL ROBOTICS MARKET IN NORTH AMERICA 339
12.2.3 US 339
- 12.2.3.1 Increasing initiatives to automate business operations in manufacturing sector to drive market 339
12.2.4 CANADA 340
- 12.2.4.1 Increased foreign investments in industrial robotics to drive market 340
12.2.5 MEXICO 341
- 12.2.5.1 Engagement in free trade agreements to boost market 341
12.3 EUROPE 342
12.3.1 RISING INDUSTRIALIZATION IN GERMANY, FRANCE, SPAIN, AND ITALY TO BOOST DEMAND FOR INDUSTRIAL ROBOTS 342
12.3.2 IMPACT OF RECESSION ON INDUSTRIAL ROBOTICS MARKET IN EUROPE 348
12.3.3 GERMANY 349
- 12.3.3.1 Growth of automobile industry to drive demand for industrial robots 349
12.3.4 ITALY 350
- 12.3.4.1 Increasing initiatives from players to propel market 350
12.3.5 FRANCE 351
- 12.3.5.1 Rising adoption of electric and hybrid vehicles to drive demand for robots 351
12.3.6 SPAIN 351
- 12.3.6.1 Pharmaceuticals and automotive sectors to create significant demand for industrial robots 351
12.3.7 UK 352
- 12.3.7.1 Strong manufacturing industry to push demand for industrial robots 352
12.3.8 REST OF EUROPE 352
- 12.3.8.1 High labor cost expected to propel industrial robotics market 352
12.4 ASIA PACIFIC 353
12.4.1 INCREASING GOVERNMENT INITIATIVES PRIORITIZING ADOPTION OF INDUSTRIAL ROBOTS TO DRIVE MARKET GROWTH 353
12.4.2 IMPACT OF RECESSION ON INDUSTRIAL ROBOTICS MARKET IN ASIA PACIFIC 359
12.4.3 CHINA 360
- 12.4.3.1 Growth of automotive and electronics sectors to drive market 360
12.4.4 SOUTH KOREA 361
- 12.4.4.1 Electrical & electronics industry to offer lucrative opportunities 361
12.4.5 JAPAN 361
- 12.4.5.1 Rise in aging population to boost demand for industrial robots 361
12.4.6 TAIWAN 362
- 12.4.6.1 Favorable government policies to drive market 362
12.4.7 INDIA 363
- 12.4.7.1 Growing adoption of robots to benefit market 363
12.4.8 THAILAND 363
- 12.4.8.1 Thailand 4.0 initiative to benefit market 363
12.4.9 REST OF ASIA PACIFIC 364
12.5 ROW 364
12.5.1 IMPACT OF RECESSION ON INDUSTRIAL ROBOTICS MARKET IN ROW 369
12.5.2 MIDDLE EAST & AFRICA 369
- 12.5.2.1 Automation across industries expected to drive market 369
12.5.3 SOUTH AMERICA 370
- 12.5.3.1 Increasing use of robotics in various industries to fuel market growth 370
13 COMPETITIVE LANDSCAPE 371
13.1 INTRODUCTION 371
13.2 KEY PLAYER STRATEGIES 371
13.2.1 PRODUCT PORTFOLIO 374
13.2.2 REGIONAL FOCUS 374
13.2.3 MANUFACTURING FOOTPRINT 374
13.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 374
13.3 MARKET SHARE ANALYSIS, 2022 374
13.4 REVENUE ANALYSIS OF TOP PLAYERS IN INDUSTRIAL ROBOTICS MARKET 376
13.5 COMPANY EVALUATION MATRIX, 2022 378
13.5.1 STARS 378
13.5.2 PERVASIVE PLAYERS 378
13.5.3 EMERGING LEADERS 378
13.5.4 PARTICIPANTS 378
13.6 START-UP/SME EVALUATION QUADRANT 380
13.6.1 PROGRESSIVE COMPANIES 380
13.6.2 RESPONSIVE COMPANIES 380
13.6.3 DYNAMIC COMPANIES 380
13.6.4 STARTING BLOCKS 380
13.7 COMPANY PRODUCT FOOTPRINT 382
13.8 COMPETITIVE BENCHMARKING 386
13.9 COMPETITIVE SCENARIO AND TRENDS 388
13.9.1 PRODUCT LAUNCHES 388
13.9.2 DEALS 390
13.9.3 OTHERS 392
14 COMPANY PROFILES 394
14.1 KEY PLAYERS 394
14.1.1 ABB 394
14.1.2 YASKAWA ELECTRIC CORPORATION 403
14.1.3 FANUC CORPORATION 410
14.1.4 KUKA AG 418
14.1.5 MITSUBISHI ELECTRIC CORPORATION 427
14.1.6 KAWASAKI HEAVY INDUSTRIES, LTD 434
14.1.7 DENSO CORPORATION 439
14.1.8 NACHI-FUJIKOSHI CORP 443
14.1.9 SEIKO EPSON CORPORATION 447
14.1.10 DÜRR GROUP 451
14.2 OTHER PLAYERS 455
14.2.1 YAMAHA MOTOR CO., LTD 455
14.2.2 ESTUN AUTOMATION CO., LTD 456
14.2.3 SHIBAURA MACHINE CO. LTD 457
14.2.4 DOVER CORPORATION 458
14.2.5 AUROTEK CORPORATION 459
14.2.6 HIRATA CORPORATION 460
14.2.7 RETHINK ROBOTICS 461
14.2.8 FRANKA EMIKA 462
14.2.9 TECHMAN ROBOT 463
14.2.10 BOSCH REXROTH AG 464
14.2.11 UNIVERSAL ROBOTS (TERADYNE) 465
14.2.12 OMRON ADEPT 466
14.2.13 STÄUBLI 467
14.2.14 COMAU 468
14.2.15 B+M SURFACE SYSTEMS 469
14.2.16 ICR SERVICES 470
14.2.17 IRS ROBOTICS 471
14.2.18 HD HYUNDAI ROBOTICS 472
14.2.19 SIASUN ROBOT AUTOMATION CO., LTD 473
14.2.20 ROBOTWORX 474
15 APPENDIX 475
15.1 DISCUSSION GUIDE 475
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 479
15.3 CUSTOMIZATION OPTIONS 481
15.4 RELATED REPORTS 481
15.5 AUTHOR DETAILS 482