A recent study published by FMI predicts that the global Industrial Robots Market will expand at a Compound Annual Growth Rate (CAGR) of 12% from 2022 to 2032. By the conclusion of this assessment period, the market is expected to attain a valuation of US$ 55.66 billion. The growing adoption of industrial robots across various end-user industries such as automotive, food & beverage, and pharmaceuticals is exerting a positive impact on market growth.
Between 2017 and 2021, the industry exhibited significant growth, achieving a value CAGR of 9% and reaching a total of US$ 16 billion. Despite the disruptive effects of the COVID-19 pandemic on industrial robot growth, the demand for automation continues to drive the market. Moreover, industrial robots are not only saving time in manufacturing processes but are also enhancing productivity rates. This increased efficiency has led to a growing reliance on industrial robots.
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Key Takeaways from the Market Study
- By end use, electric and electrical industry is expected to procure 40% market share for industrial robots.
- China is expected to account for 45% of the total Industrial Robots in 2022
- U.S. is expected to hold 40% market share for industrial robots in 2022
- France is expected to possess 30% market share for industrial robots
“Industrial robots have the potential to change the functioning of end user industries. Multitasking, precision and accuracy are making industrial robots a popular option across industries. This, in turn, is gaining traction for the same.” states an FMI analyst
Market Competition
Key players in the industrial robot market are Denso Corporation, Kawasaki Heavy Industries, Brenton, LLC, Krones AG, Mitsubishi Electric Corporation, YASKAWA Electric Corporation, KUKA AG, Fanuc Corporation and ABB Limited.
- Denso Corporation, a key player in the industrial robots market is focusing on studying the infrastructure and requirements of end user industries and designing industrial robots for the same.
- Mitsubishi Electric Corporation, is focusing on research for designing industrial robots. The company is developing industrial robots that can carry out complex tasks easily.
About the Industrial Automation Domain at Future Market Insights
The industrial automation domain team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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Key Segments Profiled in the Industrial Robots Industry Survey
Industrial Robots by Product Type:
- Industrial Robots by Articulated Robots
- Industrial Robots by SCARA Robots
- Industrial Robots by Parallel Robots
- Industrial Robots by Cartesian Robots
- Industrial Robots by Cylindrical Robots
- Industrial Robots by Others
Industrial Robots by End Use:
- Industrial Robots by Automotive
- Industrial Robots by Electrical & Electronics
- Industrial Robots by Metals & Machinery
- Industrial Robots by Chemicals, Plastic & Rubber
- Industrial Robots by Food & Beverages
- Industrial Robots by Healthcare
- Industrial Robots by Construction
- Industrial Robots by Others
Industrial Robots by Applications:
- Industrial Robots by Material Handling
- Industrial Robots by Welding & Soldering
- Industrial Robots by Assembly & Disassembly
- Industrial Robots by Painting & Dispensing
- Industrial Robots by Others
Industrial Robots by Technology:
- Industrial Robots by Automatic
- Industrial Robots by Semi- Automatic
- Industrial Robots by Manual
Region:
- North America Industrial Robots Market
- Latin America Industrial Robots Market
- Europe Industrial Robots Market
- Asia Pacific Industrial Robots Market
- Middle East & Africa Industrial Robots Market
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