ASIA-PACIFIC INDUSTRIAL ROBOTICS MARKET FORECAST 2024-2032
SCOPE OF THE REPORT
Asia-Pacific Industrial Robotics Market by Robot Type (Articulated Robots, Cartesian Robots, SCARA Robots, Cylindrical Robots, Other Robot Types) Market by Application (Material Handling, Assembling & Disassembling, Welding & Soldering, Dispensing, Processing, Other Applications) Market by End-user (Automotive, Electronic & Electric, Machinery Products & Metal, (Chemical, Plastics, and Rubber), Food & Beverage, Other End-users) by Geography
REPORTS » AUTOMATION » ROBOTICS » ASIA-PACIFIC INDUSTRIAL ROBOTICS MARKET FORECAST 2024-2032
MARKET OVERVIEW
The Asia-Pacific industrial robotics market is expected to register a CAGR of 12.73% during the forecast period, 2024-2032, and is set to reach a revenue of $xx million by 2032.
One of the primary drivers of the Asia-Pacific industrial robotics market growth is the thriving electronics and electrical industries. In addition, the governments in the region have been investing in AI research and robotics, eyeing commercial value. Accordingly, tax incentives, high investments, and AI at national levels have increased the adoption of wage-controlled robots.
The Asia-Pacific industrial robotics market growth assessment includes the analysis of India, China, South Korea, Japan, Singapore, Australia & New Zealand, and Rest of Asia-Pacific. The robotics industry in China experienced significant growth in 2020. Despite the global slowdown in the manufacturing sector due to the pandemic, China’s industrial robots market thrived. This was attributed to major tech companies focusing on the modernization and digitalization of production as a response to the pandemic.
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China’s strategic goal is to broaden the scope of its industrial robots, moving beyond traditional caged robots that handle payloads quickly and precisely to incorporating new collaborative robots that can work safely alongside humans, seamlessly integrated into workbenches.
Prominent Chinese brands like FANUC, ABB, Yaskawa, and KUKA, which have a strong global presence, are headquartered in the country. Additionally, numerous leading companies in specialized sectors, including Xiaoi, CloudMinds, Gaussian Robotics, and TMiRob, have emerged as influential forces in the industrial and technological landscape, experiencing rapid growth.
Furthermore, Japan leads the world in robot manufacturing, with a primary emphasis on incorporating automation and cutting-edge technology to counter the challenges posed by a diminishing workforce. Due to the growing need for automated systems and advanced industrial machinery, the Japanese government has initiated support for small and medium-sized enterprises (SMEs) to encourage investments in upgrading their plant and equipment for enhanced automation. Similarly, in March 2021, Mitsubishi Electric Corporation expanded its facility in Nagoya, Japan, specifically for the production of industrial mechatronic products.
The Asia-Pacific industrial robotics market segmentation includes robot type, end-user, and application. The application segment includes processing, material handling, dispensing, welding & soldering, assembling & disassembling, and other applications.
The process of welding involves the joining of materials, typically metals or thermoplastics, by applying high heat to melt the components together and allowing them to cool, leading to fusion. In industrial settings, robot welding is commonly employed, and ongoing research aims to enhance welding techniques for improved weld quality.
Soldering, on the other hand, is a method where two or more items are fused together by melting and introducing a filler metal (solder) into the joint, with the filler metal having a lower melting point than the adjacent metal. Soldering finds applications in various fields, such as plumbing, electronics, and metalwork, spanning from flashing to jewelry and musical instruments. The utilization of articulated robots and cylindrical robots is prevalent in both welding and soldering processes.
Some of the leading companies in the Asia-Pacific industrial robotics market include Mitsubishi Electric Corporation, FANUC Corporation, KUKA AG, Kawasaki Heavy Industries Ltd, etc.
FANUC Corporation is a manufacturer of industrial equipment. The organization is engaged in the development, production, and sale of factory automation solutions, which encompass computer numerical control (CNC) systems, lasers, and servo motors. Its product portfolio includes various robotic offerings such as Genkotsu robots, collaborative robots, large and mini robots, palletizing robots, paint robots, SCARA robots, and ARC welding robots.
Additionally, FANUC produces robotic machines like compact machining centers, electric injection molding machines, wire-cut electric discharge machines, and ultra-precision machines marketed under the Robodrill, Roboshot, Robocut, and Robodrill brands. The company also provides maintenance services through its service centers. FANUC Corporation is headquartered in Oshino-mura, Japan, and conducts its operations in Asia, North America, South America, and Europe.
REPORT SYNOPSIS
REPORT SCOPE | DETAILS |
---|---|
Market Forecast Years | 2024-2032 |
Base Year | 2023 |
Market Historical Years | 2018-2022 |
Forecast Units | Revenue ($ Million) |
Segments Analyzed | Robot Type, End-User, and Application |
Countries Analyzed | India, China, South Korea, Japan, Singapore, Australia & New Zealand, and Rest of Asia-Pacific |
Companies Analyzed | ABB Ltd, Aurotek Corporation, FANUC Corporation, Kawasaki Heavy Industries Ltd, KUKA AG, Mitsubishi Electric Corporation, Nachi Fujikoshi Corporation, Omron Adept, Rethink Robotics, Rockwell Automation Inc, SCHUNK GmbH, Seiko Epson Corporation, Stäubli International AG, Universal Robots, Yamaha Robotics |
RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- SCOPE OF STUDY
- CRISIS SCENARIO ANALYSIS
- MAJOR MARKET FINDINGS
MARKET DYNAMICS
- KEY DRIVERS
- EMERGENCE OF SMART FACTORIES
- GROWING ADOPTION OF INDUSTRIAL ROBOTS IN THE FOOD & BEVERAGE, AUTOMOTIVE, ELECTRICAL, AND ELECTRONICS INDUSTRIES
- CONTINUAL R&D AND INVESTMENTS IN ROBOTICS
- KEY RESTRAINTS
- COST OF INITIAL PURCHASE AND MAINTENANCE OF ROBOTICS
- RESISTANCE FROM WORKER UNIONS
- LACK OF SKILLED WORKFORCE
- KEY DRIVERS
KEY ANALYTICS
- KEY TECHNOLOGY TRENDS
- INTEGRATING IOT AND AI WITH INDUSTRIAL ROBOTS
- USE OF AUTONOMOUS MOBILE ROBOTS (AMRS)
- SHIFTING FOCUS TOWARDS COLLABORATIVE ROBOTS (COBOTS)
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- GROWTH PROSPECT MAPPING
- MARKET CONCENTRATION ANALYSIS
- KEY BUYING CRITERIA
- TASK AND APPLICATION
- EASE OF USE AND PROGRAMMING
- COST AND ROI
- KEY TECHNOLOGY TRENDS
MARKET BY ROBOT TYPE
- ARTICULATED ROBOTS
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- CARTESIAN ROBOTS
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- SCARA ROBOTS
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- CYLINDRICAL ROBOTS
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- OTHER ROBOT TYPES (DELTA AND POLAR ROBOTS)
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- ARTICULATED ROBOTS
MARKET BY APPLICATION
- MATERIAL HANDLING
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- ASSEMBLING & DISASSEMBLING
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- WELDING & SOLDERING
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- DISPENSING
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- PROCESSING
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- OTHER APPLICATIONS
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- MATERIAL HANDLING
MARKET BY END-USER
- AUTOMOTIVE
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- ELECTRONIC & ELECTRIC
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- MACHINERY PRODUCTS & METAL
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- CHEMICAL, PLASTICS, AND RUBBER
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- FOOD & BEVERAGE
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- OTHER END-USERS
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- AUTOMOTIVE
GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET SIZE & ESTIMATES
- ASIA-PACIFIC INDUSTRIAL ROBOTICS MARKET DRIVERS
- ASIA-PACIFIC INDUSTRIAL ROBOTICS MARKET CHALLENGES
- KEY PLAYERS IN ASIA-PACIFIC INDUSTRIAL ROBOTICS MARKET
- COUNTRY ANALYSIS
- CHINA
- CHINA INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
- JAPAN
- JAPAN INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
- INDIA
- INDIA INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
- SOUTH KOREA
- SOUTH KOREA INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
- SINGAPORE
- SINGAPORE INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
- AUSTRALIA & NEW ZEALAND
- AUSTRALIA & NEW ZEALAND INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
- REST OF ASIA-PACIFIC
- REST OF ASIA-PACIFIC INDUSTRIAL ROBOTICS MARKET SIZE & OPPORTUNITIES
- CHINA
- ASIA-PACIFIC
COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- COMPANY PROFILES
- FANUC CORPORATION
- COMPANY OVERVIEW
- PRODUCTS LIST
- STRENGTHS & CHALLENGES
- KAWASAKI HEAVY INDUSTRIES LTD
- COMPANY OVERVIEW
- PRODUCTS LIST
- STRENGTHS & CHALLENGES
- MITSUBISHI ELECTRIC CORPORATION
- COMPANY OVERVIEW
- PRODUCTS LIST
- STRENGTHS & CHALLENGES
- NACHI FUJIKOSHI CORPORATION
- COMPANY OVERVIEW
- PRODUCTS LIST
- STRENGTHS & CHALLENGES
- OMRON ADEPT
- COMPANY OVERVIEW
- PRODUCTS LIST
- STRENGTHS & CHALLENGES
- SEIKO EPSON CORPORATION
- COMPANY OVERVIEW
- PRODUCTS LIST
- YAMAHA ROBOTICS
- COMPANY OVERVIEW
- PRODUCTS LIST
- FANUC CORPORATION
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – INDUSTRIAL ROBOTICS
TABLE 2: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY ROBOT TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 3: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY ROBOT TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 4: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 5: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 6: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 10: KEY PLAYERS OPERATING IN ASIA-PACIFIC INDUSTRIAL ROBOTICS MARKET
TABLE 11: LIST OF MERGERS & ACQUISITIONS
TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS
LIST OF FIGURES
FIGURE 1: KEY TECHNOLOGY TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR ASIA-PACIFIC
FIGURE 4: MARKET CONCENTRATION ANALYSIS
FIGURE 5: KEY BUYING CRITERIA
FIGURE 6: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, GROWTH POTENTIAL, BY ROBOT TYPE, IN 2023
FIGURE 7: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY ARTICULATED ROBOTS, 2024-2032 (IN $ MILLION)
FIGURE 8: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY CARTESIAN ROBOTS, 2024-2032 (IN $ MILLION)
FIGURE 9: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY SCARA ROBOTS, 2024-2032 (IN $ MILLION)
FIGURE 10: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY CYLINDRICAL ROBOTS, 2024-2032 (IN $ MILLION)
FIGURE 11: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY OTHER ROBOT TYPES, 2024-2032 (IN $ MILLION)
FIGURE 12: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023
FIGURE 13: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY MATERIAL HANDLING, 2024-2032 (IN $ MILLION)
FIGURE 14: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY ASSEMBLING & DISASSEMBLING, 2024-2032 (IN $ MILLION)
FIGURE 15: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY WELDING & SOLDERING, 2024-2032 (IN $ MILLION)
FIGURE 16: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY DISPENSING, 2024-2032 (IN $ MILLION)
FIGURE 17: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY PROCESSING, 2024-2032 (IN $ MILLION)
FIGURE 18: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)
FIGURE 19: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023
FIGURE 20: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY AUTOMOTIVE, 2024-2032 (IN $ MILLION)
FIGURE 21: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY ELECTRONIC & ELECTRIC, 2024-2032 (IN $ MILLION)
FIGURE 22: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY MACHINERY PRODUCTS & METAL, 2024-2032 (IN $ MILLION)
FIGURE 23: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY CHEMICAL, PLASTICS, AND RUBBER, 2024-2032 (IN $ MILLION)
FIGURE 24: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY FOOD & BEVERAGE, 2024-2032 (IN $ MILLION)
FIGURE 25: AISA-PACIFIC INDUSTRIAL ROBOTICS MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)
FIGURE 26: ASIA-PACIFIC INDUSTRIAL ROBOTICS MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 27: CHINA INDUSTRIAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)
FIGURE 28: JAPAN INDUSTRIAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)
FIGURE 29: INDIA INDUSTRIAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)
FIGURE 30: SOUTH KOREA INDUSTRIAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)
FIGURE 31: SINGAPORE INDUSTRIAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)
FIGURE 32: AUSTRALIA & NEW ZEALAND INDUSTRIAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)
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