GLOBAL INDUSTRIAL ROBOTICS MARKET FORECAST 2018-2026

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GLOBAL INDUSTRIAL ROBOTICS MARKET FORECAST 2018-2026

Industrial Revolution 4.0 witness convergence of technologies, disrupting the existing systems & posing unique socio-economic, governance & legal challenges. Surely an industrial shift is underway & robots are playing an increasingly crucial role in it. Industrial robotics is the technology used to automate a variety of manufacturing processes across different industries such as Automotive, Electronics, and Food & Beverage. Global Industrial Robotics market was valued at XX billion in 2017 & is expected to grow at 9.52% CAGR over the forecast period of 2018-2026.

GLOBAL INDUSTRIAL ROBOTICS MARKET FORECAST 2018-2026

Global Industrial Robotics Market by Robot Type (Articulated Robots, Cartesian or Gantry Robots, Selective Compliant Articulated Robot for Assembly (Scara) Robots, Cylindrical Robots,delta or Parallel Robots, Polar or Spherical Robots) by End User Sectors (Automotive,  Electronic & Electric, Machinery Products & Metal, Plastic & Rubber,Food & Beverage, Other End User Sectors) Market by Geography

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Industrial Revolution 4.0 witness convergence of technologies, disrupting the existing systems & posing unique socio-economic, governance & legal challenges. Surely an industrial shift is underway & robots are playing an increasingly crucial role in it. Industrial robotics is the technology used to automate a variety of manufacturing processes across different industries such as Automotive, Electronics, and Food & Beverage. Industrial robots are programmed to automate & control the manufacturing processes such as welding, painting, assembly, product inspection, testing, & packaging.

Global Industrial Robotics market was valued at XX billion in 2017 & is expected to grow at 9.52% CAGR over the forecast period of 2018-2026. The base year considered for the market study is 2017 & the estimated period is between 2018 & 2026. Several factors that are responsible for the market advancements are:

  • Growing demand for industrial robots from numerous industries.
  • Rise in the need for industrial automation.
  • Shortage of skilled labor.
  • High labor & energy costs.
  • Heavy investments, research & development in the field of robotics.
  • Increasing government support

Industrial Robotics Market Infographic

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The growth of the global industrial robotics market is driven by many factors, of which the growing need for industrial automation is one of the main drivers. Industrial robotics help manufacturing companies in developing & manufacturing accurate and reliable products without errors. It also aids in reducing product failure & wastage cost. In addition, the average labour cost continues to rise & therefore manufacturing companies prefer to adopt industrial robotics. Through the automation of production units, industrial robotics reduces the number of employees required to manufacture a product, which in turn leads to an increased demand for industrial robots from manufacturing industries.

In terms of the end user segment, the market is primarily dominated by the automotive sector, which accounted for a market share of XX% in the year 2017. Since the 1960s, industrial robots have been at the forefront of modern automotive manufacturing. The automotive industry includes automotive component manufacturing companies, automotive parts manufacturing companies, & motor vehicle manufacturing companies. Robot orders to the automotive components industry increased by XX%, while robots ordered by automotive OEMs grew by XX%.  The most common applications for these robots included material handling (XX%), spot welding (XX%), & coating & dispensing (XX%).  The use of robotics in the automotive sector has improved the entire production chain, from operation in press shops to paint shops & final assembly. Some major tasks carried by robots in the automotive industry include welding, foundry operation, laser application, & palletizing.

The impressive growth of the global industrial robotics market propelled by the various drivers is inhibited by certain challenges. The high costs of initial investment, installation, system engineering & technology are restraining the market. Also, there are still some limitations in terms of the type of tasks these robots can perform. Furthermore, cyber-security threats, safety issues, and strict regulations coupled with a continuous decline in the average selling price of industrial robotics are several other major challenges. Vendors are being forced to reduce prices to attract cost-driven companies & gain or retain the market share in this highly competitive market. In addition, another key challenge, which manufacturers of industrial robots are facing at present is the limitation of industrial robots in interacting with the real world & their ability to understand the unstructured environment.

Global industrial robotics market segmentation includes industrial robot type & its end-user sectors. They are further classified as:

Market By Robot Type;

  • Articulated Robots
  • Cartesian Robots
  • SCARA Robots
  • Cylindrical Robots
  • Other (Delta & Polar Robots)

Market By End User Industry:

  • Automotive
  • Electronic & Electric
  • Metal & Machinery
  • Plastic & Rubber
  • Food & Beverage
  • Other End-Users

The report scope is widely categorized on the basis of its major components, which includes hardware, & software (System Engineering & Technology). However, the total market revenue in the report is calculated by considering the hardware components only. Revenue from software, i.e., system engineering & technology component is excluded from the scope of the report.

On the basis of geography, the global industrial robotics market has been segmented into four major regions;

Geographically, Asia Pacific clearly dominated the market by accounting for XX% of the overall market share in 2017, & it is also touted to be the fastest evolving market. It is expected to grow at CAGR of XX% over the forecast period. The Industrial Robotics market is anticipated to grow at a high rate in the Asia Pacific due to the presence of a large number of discrete manufacturing companies.  With the rising wages & pressure from countries to enhance the working condition of workers, multiple industrial set-ups are opting for industrial robots in their facilities in the Asia Pacific region. Many international players, such as Yaskawa, FANUC, & KUKA, continue to invest in China & other Asian countries. Japan, South Korea, & China lead the market in the region with more than XX% share of the market & are playing a major role in the growth of this market. This, coupled with government stimulus packages to improve infrastructure is expected to drive the Industrial Robotics market in the Asia Pacific countries. An increase in the outsourcing of manufacturing activities to low-cost countries, especially in the Asia Pacific region, is another important driver benefitting this region.

The overall industrial robotics market is segmented on the basis of its robot type into Articulated Robots, Cartesian or Gantry Robots, SCARA Robots, Cylindrical Robots, Delta (Parallel) Robots & Polar (Spherical) Robots. In this segment, mechanical structure or design, applications, advantages & disadvantages of each type of industrial robot are discussed in detail. Further, the market is segmented into end user industries, such as automotive, electronic & electric, machinery products & metal, food & beverage, plastic & rubber, & others.

The key companies operating in the global industrial robotics market are:

  • ABB Ltd.
  • Yaskawa Electric Corporation
  • KUKA AG
  • Fanuc Corporation
  • Epson Robots

Market share analysis & company profiles of the prominent market players are discussed in detail. Most of the companies look for strategies such as merger & acquisition, partnership, contracts, agreements & new product launches in order to gain a competitive edge over each other. For instance, in September 2018, Epson Robots launched new Flexion N6 6-Axis robot. Featuring the world’s first folding-arm design & a strong footprint-to-reach ratio, this compact 6-Axis robot offers a powerful solution for tight or confined spaces in factory automation. In July 2018, Yaskawa Electric Corporation built the third plant at Yaskawa (China) robotics Co., Ltd. (Changzhou City, Jiangsu, China). In June 2018, ABB & Kawasaki Heavy Industries, both leading global players in industrial automation & robotics, unveiled the world’s first common collaborative robot operating interface at Automatica in Munich, Germany. In 2017, Fanuc Corporation, a Japanese company well-known for its robot manufacturing, opened a European Customization & Distribution Center in Contern, Europe. Similarly, in July 2016, KUKA Aktiengesellschaft launched its Development & Technology Center at its headquarters in Augsburg, Germany.

Key findings of the Global Industrial Robotics market:

  • Asia Pacific accounts for the largest market share of the overall Industrial Robotics market. Additionally, it is also the fastest evolving region.
  • Automotive, Electronic & Electric Industry, are the two key end-user sectors that are dominating the Industrial Robotics Market.
  • Articulated Robots rules the Industrial Robotics market by holding a major chunk of the overall
  • The Industrial robotics market is witnessing a major makeover in terms of investments for both R&D activities & product development.
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY & FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • ASIA PACIFIC RULES THE OVERALL MARKET
      • AUTOMOTIVE, ELECTRONIC & ELECTRIC SECTORS – KEY END USERS
      • ARTICULATED ROBOTS CONSTITUTES FOR THE LARGEST REVENUE SHARE
      • INCREASED INVESTMENTS, RESEARCH & DEVELOPMENT IN THE FIELD OF ROBOTICS
  1. MARKET DYNAMICS
    • MARKET DEFINITION & SCOPE
    • MARKET DRIVERS
      • GROWING DEMAND OF INDUSTRIAL ROBOTS
      • RISING NEED OF AUTOMATION
      • SHORTAGE OF LABOR
    • MARKET RESTRAINTS
      • HIGH COSTS OF INITIAL INVESTMENT, INSTALLATION, SYSTEM ENGINEERING & TECHNOLOGY
      • SAFETY STANDARDS TO BE ADHERED BY INDUSTRIAL OPERATIONS
      • CYBERSECURITY THREATS
    • MARKET OPPORTUNITIES
      • EMERGENCE OF “COBOTS”- COLLABORATIVE ROBOTS
      • INCREASED DEMAND OF CUSTOMIZED & COMPACT ROBOTIC SYSTEMS
    • MARKET CHALLENGES
      • TECHNOLOGICAL LIMITATIONS
      • COMPLIANCE WITH STRINGENT REGULATIONS
      • MISCONCEPTION ABOUT INDUSTRIAL ROBOTICS AMONG UNIONS
  1. MARKET BY ROBOT TYPE
    • ARTICULATED ROBOTS
    • CARTESIAN/GANTRY ROBOTS
    • SCARA ROBOTS
    • CYLINDRICAL ROBOTS
    • OTHER ROBOT TYPES
      • DELTA/PARALLEL ROBOTS
      • POLAR/SPHERICAL ROBOTS
  1. MARKET BY END USERS
    • AUTOMOTIVE
    • ELECTRONIC & ELECTRIC
    • MACHINERY PRODUCTS & METAL
    • PLASTIC & RUBBER
    • FOOD & BEVERAGE
    • OTHER END USERS
  2. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF COMPETITIVE RIVALRY
    • VENDOR LANDSCAPE
    • OPPORTUNITY MATRIX
    • LEGAL, POLICY & REGULATORY FRAMEWORK
    • KEY BUYING CRITERIA
      • APPLICATION
      • NUMBER OF AXES
      • PAYLOAD
    • VALUE CHAIN ANALYSIS
      • RESEARCH & DEVELOPMENT
      • SUPPLIERS
      • MANUFACTURING
      • DISTRIBUTION & MARKETING
      • RECYCLE
  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
      • RUSSIA
      • POLAND
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • THAILAND
      • TAIWAN
      • REST OF ASIA PACIFIC
    • REST OF THE WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPETITIVE LANDSCAPE
    • MARKET SHARE ANALYSIS
    • COMPANY PROFILES
      • ABB, LTD.
      • ADEPT TECHNOLOGY INC
      • APEX AUTOMATION & ROBOTICS
      • AUROTEK CORPORATION
      • EPSON ROBOTS
      • FANUC CORPORATION
      • KAWASAKI ROBOTICS INC.
      • KUKA AG
      • MITSUBISHI ELECTRIC CORPORATION
      • NACHI FUJIKOSHI CORPORATION
      • ROCKWELL AUTOMATION
      • SCHUNK GMBH
      • STAUBLI INTERNATIONAL AG
      • YAMAHA ROBOTICS
      • YASKAWA ELECTRIC CORPORATION

 

TABLE LIST

TABLE 1: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY GEOGRAPHY, 2018-2026 (IN $ BILLION)

TABLE 2: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY ROBOT TYPE, 2018-2026 (IN $ BILLION)

TABLE 3: GLOBAL ARTICULATED INDUSTRIAL ROBOTICS MARKET, BY REGION, 2018-2026, (IN $ BILLION)

TABLE 4: GLOBAL CARTESIAN/GANTRY INDUSTRIAL ROBOTICS MARKET, BY REGION, 2018-2026, (IN $ BILLION)

TABLE 5: GLOBAL SCARA INDUSTRIAL ROBOTICS MARKET, BY REGION, 2018-2026, (IN $ BILLION)

TABLE 6: GLOBAL CYLINDRICAL INDUSTRIAL ROBOTICS MARKET, BY REGION, 2018-2026, (IN $ BILLION)

TABLE 7: GLOBAL OTHER INDUSTRIAL ROBOTICS (DELTA & POLAR) MARKET, BY REGION, 2018-2026, (IN $ BILLION)

TABLE 8: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY END USERS, 2018-2026, (IN $ BILLION)

TABLE 9: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY AUTOMOTIVE, BY REGION, 2018-2026, (IN $ BILLION)

TABLE 10: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY ELECTRONIC & ELECTRIC, BY REGION, 2018-2026, (IN $ BILLION)

TABLE 11: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY MACHINERY PRODUCTS & METAL, BY REGION, 2018-2026, (IN $ BILLION)

TABLE 12: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY PLASTIC & RUBBER, BY REGION, 2018-2026, (IN $ BILLION)

TABLE 13: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY FOOD & BEVERAGE, BY REGION, 2018-2026, (IN $ BILLION)

TABLE 14: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY OTHER END USER, BY REGION, 2018-2026, (IN $ BILLION)

TABLE 15: OPPORTUNITY MATRIX

TABLE 16: VENDOR LANDSCAPE

TABLE 17: LEGAL, POLICY & REGULATORY FRAMEWORK

TABLE 18: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY GEOGRAPHY, 2018-2026, (IN $ BILLION)

TABLE 19: NORTH AMERICA INDUSTRIAL ROBOTICS MARKET, BY COUNTRY, 2018-2026 (IN $ BILLION)

TABLE 20: EUROPE INDUSTRIAL ROBOTICS MARKET, BY COUNTRY, 2018-2026 (IN $ BILLION)

TABLE 21: ASIA PACIFIC INDUSTRIAL ROBOTICS MARKET, BY COUNTRY,2018-2026 (IN $ BILLION)

TABLE 22: REST OF WORLD INDUSTRIAL ROBOTICS MARKET, BY REGION, 2018-2026 (IN $ BILLION)

TABLE 23: MARKET SHARE ANALYSIS OF KEY PLAYERS IN 2017 (IN %)

FIGURE LIST

FIGURE 1: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY ROBOT TYPE, 2017 & 2026 (IN %)

FIGURE 2: ESTIMATED ANNUAL SUPPLY OF INDUSTRIAL ROBOTS ACROSS THE WORLD, 2005-2015, (IN ‘000 UNITS)

FIGURE 3: INDUSTRIAL ROBOTS SOLD BY END USER SECTORS, 2015 & 2016, (IN ‘000 UNITS)

FIGURE 4: MECHANICAL STRUCTURE / DESIGN OF ARTICULATED ROBOT

FIGURE 5: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY ARTICULATED ROBOTS, 2018-2026 (IN $ BILLION)

FIGURE 6: MECHANICAL STRUCTURE / DESIGN OF CARTESIAN/GANTRY ROBOT

FIGURE 7: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY CARTESIAN/GANTRY ROBOTS, 2018-2026 (IN $ BILLION)

FIGURE 8: MECHANICAL STRUCTURE / DESIGN OF SCARA ROBOTS

FIGURE 9: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY SCARA ROBOTS, 2018-2026 (IN $ BILLION)

FIGURE 10: MECHANICAL STRUCTURE / DESIGN OF CYLINDRICAL ROBOTS

FIGURE 11: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY CYLINDRICAL ROBOTS, 2018-2026 (IN $ BILLION)

FIGURE 12: MECHANICAL STRUCTURE / DESIGN OF DELTA /PARALLEL ROBOTS

FIGURE 13: MECHANICAL STRUCTURE / DESIGN OF POLAR/SPHERICAL ROBOTS

FIGURE 14: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY OTHER (DELTA & POLAR) ROBOTS, 2018-2026 (IN $ BILLION)

FIGURE 15: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY AUTOMOTIVE, 2018-2026 (IN $ BILLION)

FIGURE 16: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY ELECTRONIC & ELECTRIC, 2018-2026 (IN $ BILLION)

FIGURE 17: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY MACHINERY PRODUCTS & METAL, 2018-2026 (IN $ BILLION)

FIGURE 18: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY PLASTIC & RUBBER, 2018-2026 (IN $ BILLION)

FIGURE 19: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY FOOD & BEVERAGE, 2018-2026 (IN $ BILLION)

FIGURE 20: GLOBAL INDUSTRIAL ROBOTICS MARKET, BY OTHER END USERS, 2018-2026 (IN $ BILLION)

FIGURE 21: PORTERS FIVE FORCE ANALYSIS

FIGURE 22: VALUE CHAIN ANALYSIS

FIGURE 23: GLOBAL INDUSTRIAL ROBOTICS MARKET, REGIONAL OUTLOOK, 2017 & 2026 (IN %)

FIGURE 24: UNITED STATES INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 25: CANADA INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 26: UNITED KINGDOM INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 27: GERMANY INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 28: FRANCE INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 29: ITALY INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 30: SPAIN INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 31: RUSSIA INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 32: POLAND INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 33: REST OF EUROPE INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 34: CHINA INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 35: JAPAN INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 36: INDIA INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 37: SOUTH KOREA INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 38: DEMAND FOR INDUSTRIAL ROBOTS IN SOUTH KOREA, 2006-2021, (IN $ MILLION)

FIGURE 39: THAILAND INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 40: TAIWAN INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 41: REST OF ASIA PACIFIC INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 42: LATIN AMERICA INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 43: MIDDLE EAST & AFRICA INDUSTRIAL ROBOTICS MARKET, 2018-2026 (IN $ BILLION)

  1. MARKET BY ROBOT TYPE
    • ARTICULATED ROBOTS
    • CARTESIAN/GANTRY ROBOTS
    • SCARA ROBOTS
    • CYLINDRICAL ROBOTS
    • OTHER ROBOT TYPES
      • DELTA/PARALLEL ROBOTS
      • POLAR/SPHERICAL ROBOTS
  1. MARKET BY END USERS
    • AUTOMOTIVE
    • ELECTRONIC & ELECTRIC
    • MACHINERY PRODUCTS & METAL
    • PLASTIC & RUBBER
    • FOOD & BEVERAGE
    • OTHER END USERS
  2. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
      • RUSSIA
      • POLAND
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • THAILAND
      • TAIWAN
      • REST OF ASIA PACIFIC
    • REST OF THE WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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