Global industrial robot market:
Dublin, June 29, 2022 (GLOBE NEWSWIRE) — The Global Industrial Robots Market: Analysis by Industry, by Type, by Region Size, and Trends with Impact of COVID-19 and Forecast to 2026 report has been added to ResearchAndMarkets.com’s offer.
The global industrial robots market was estimated to be worth $33.90 billion in 2021 and is likely to reach $61.09 billion by 2026. productivity and efficiency by reducing production costs, reducing the total purchase price of products.
The latest industrial revolution, Industry 4.0, has spurred the development of new technologies such as collaborative robots, AI-enabled robots, and so on, enabling industries to use robots to streamline various processes, increase productivity and reduce errors.
Increased worker safety and increased production capacities have prompted industries to invest in robotic systems. In addition, as the next generation of industrial robots becomes cheaper, autonomous, more mobile, more cooperative and adaptable, the demand for robots in many industries is expected to increase. The industrial robots market is expected to grow at a CAGR of 12.50% during the forecast period of 2022-2026.
Over the past five years, there has been a very visible acceleration in the demand for industrial robots worldwide compared to long-term trends. The global industrial robot market volume was 496.87 thousand units in 2021.
Global Industrial Robot Market Dynamics
Factors of Growth: Automation helps to increase productivity, improve quality and reduce errors. The rising demand for automation has rapidly increased the adoption of robots in various industries. The growing demand for automation is an important driver of the market. Furthermore, the industrial robot market is expected to increase due to the growing electronics industry, rapid installations of industrial robots, high wages in manufacturing, the growing role of artificial intelligence in robotics, etc. in recent years.
Challenges: Huge capital investment is required in the purchase and installation of robots, and it can take years for the benefits of industrial robots to outweigh the initial costs. Thus, the high initial investment required for the automation of production using industrial robots could hinder the growth of the industrial robots market. Moreover, other factors such as security issues, privacy issues, etc. are some of the challenges for the market.
Trends: An important trend that is gaining popularity in robotics is the development of collaborative robots or co-bots. Co-bots are designed to interact with humans and are increasingly used in industrial manufacturing applications. Collaborative robots use safety-rated sensors, allowing workers to work in the same area as the robot without harming them.
Market players have also introduced high-quality, innovative robotic technologies to the industrial sector, where they are used for storage, manufacturing and assembly applications. Some of these innovations include underwater robotics, human-robot interaction, legged mobility, machine learning (ML) and self-driving vehicles.
It is believed that more trends in the market will make the industrial robot market grow during the forecast period, including the use of micro-electromechanical systems (MEMS), the emergence of the cloud robotics market, next-generation technology accessories, and employment in industrial robotics, robot advancement, etc.
Yaskawa Electric Corporation
Kawasaki Heavy Industries
Mitsubishi Electric Corporation
Seiko Epson Corporation (EPSON Robots)
Denso Corporation (DENSO Robotics)
Hon Hai Precision Industry Co. Ltd.
Main topics covered:
2.1 Industrial robots: an overview
2.1.1 Advantages of industrial robots
2.1.2 Types of industrial robots
2.2 Segmentation of industrial robots: an overview
2.2.1 Industrial Robot Segmentation
3. Global Market Analysis
3.1 Global Industrial Robots Market: An Analysis
3.1 Global Industrial Robots Market by Value
3.1.2 Global Industrial Robots Market Value by Industry (Automotive, Electrical/Electronics, Chemicals, Rubber)
& plastics, food & beverage and other applications)
3.1.3 Global Industrial Robot Market Value by Type (Hinged, Cartesian, SCARA, Cylindrical And Other Types)
3.1.4 Global Industrial Robots Market Value by Regions (Asia-Pacific, North America, Europe and ROW)
3.1.5 Global Industrial Robots Market by Volume
3.1.6 Global Industrial Robots Market Volume by Regions (China, Japan, USA, Republic of Korea, Germany, and ROW)
3.2 Global Industrial Robots Market: Industry Analysis
3.3 Global Industrial Robot Market: Type Analysis
4. Regional Market Analysis
5. Impact of COVID-19
6. Market Dynamics
6.1 Growth factors
6.1.1 Growing electronics industry
6.1.2 Rapid installations of industrial robots
6.1.3 High wages in the manufacturing industry
6.1.4 Increasing role of artificial intelligence in robotics
6.1.5 Increasing research and development
6.1.6 Growth of the automotive industry
6.1.7 Upward trend of automation
6.2.1 Large upfront investment
6.2.2 Security Issues
6.2.3 Privacy Concerns
6.3 Market trends
6.3.1 Use of micro-electromechanical systems (MEMS)
6.3.2 Cloud robotics
6.3.3 Increasing use of Collaborative Robots (Cobot)
6.3.4 Next Generation Technical Accessories
6.3.5 Employment opportunities in industrial robotics
6.3.6 Robotic Progress
For more information about this report, visit https://www.researchandmarkets.com/r/h90vkb
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