The Industrial Robotics Market size was valued at USD 21.5 billion in 2023 and is projected to reach USD 68.28 billion by 2032, growing at a CAGR of 13.7% from 2024 to 2032.

The industrial robotics market worldwide is steadily growing due to the increased automation in manufacturing sectors, higher labor expenses, and advancements in robotic technology. Important sectors in the market consist of automotive, electronics, metalworking, and logistics. Intense competition exists in the market between well-established companies and new startups that are introducing collaborative robots and solutions powered by artificial intelligence. The outlook for the industrial robotics market appears positive, as manufacturers aim to enhance efficiency, productivity, and quality by adopting automation, leading to anticipated growth in the future.

Key Prominent Players In The Industrial Robotics Market:

  • ABB(Switzerland)
  • Comau (Italy)
  • Denso Robotics (US)
  • Fanuc (Japan)
  • Kuka (Germany)
  • Mitsubishi (Japan)
  • Omron (Japan)
  • Staubli (Switzerland)
  • Universal Robots (Denmark)
  • Yaskawa Electric Corporation (Japan)
  • Epson (US)
  • Nachi-Fujikoshi (Japan)
  • Adept Technology (US)
  • TM Robotics (UK)
  • Siasun (China)

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Global Industrial Robotics Market Segmentation:

By Type          

  • Articulated Robot
  • Linear Robots
  • Cylindrical Robots
  • Parallel Robots
  • SCARA Robots.

 

By Application          

  • Automotive
  • Electrical & Electronics
  • Chemical Rubber & Plastics
  • Machinery
  • Food & Beverage

By Function   

  • Soldering & Welding
  • Materials Handling
  • Milling
  • Cutting

 Geographic Segment Covered in the Report:

  • North America (US, Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

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This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the Industrial Robotics market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the Industrial Robotics market segments and regions.

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Industrial Robotics Market Trend Analysis

Collaborative Robotics: Collaborative robots, or cobots, are becoming increasingly popular due to their ability to work safely alongside human workers. They are well-suited for tasks that require flexibility, precision, and human-machine interaction.

Artificial Intelligence Integration: The integration of artificial intelligence (AI) into industrial robots is enhancing their capabilities, enabling them to learn from data, adapt to changing environments, and perform more complex tasks.

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