Industrial Robotics Market

Global Industrial Robotics Market Overview:

Industrial Robotics Market Size valued at USD 18.6 Billion in 2023. The Industrial Robotics market industry is projected to grow from USD 20.68 Billion in 2024 to USD 43.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.77% during the forecast period (2024 - 2032). Increased adoption of industrial robots from various different industries and increasing automotive industry are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Industrial Robotics Market Trends

• Growing demand for collaborative robots across industries is driving market growth.

Market CAGR for industrial robotics is being driven by the rising demand for collaborative robots across industries. The increasing popularity of Industry 4.0 is fueling the utilization of robotics and smart manufacturing in the industrial section. Advanced technologies and modern features are being developed by the companies to provide the growing industrial section and its complex processes. The increasing craze for electric automobiles among new car owners remains favorable, provided the cost-benefits.

Online purchase is becoming a consumer preference, which is helping the e-commerce market. Hence distribution centers, merchants, warehouses, and facility owners are emphasizing the integration of automated robotic systems as a top priority, with the goal of delivering on time, enhance efficiency and production at every step, and saving money on labor. Self-driving trucks, service robots, and warehouses are some of the interesting solutions that are being created by firms throughout the whole logistic value chain. Automotive, consumer electronics, pharmaceuticals, packaging, and equipment are the industries that have a large demand for industrial robots in order to cut costs and harness industrial activity. The players in the consumer electronics industry are aiming to increase productivity at a faster rate, save time, and deliver high-quality products with the use of robots. Therefore, there is a notable growth in the investment made by the business that increases the demand for these robots.

The industrial robotics industry is gaining growth due to the rise of automotive industries in various developing economies, as most of the robots consist of drive, robotic manipulators, sensors, end-effectors, and controllers. The increasing adoption of industrial robotics has fueled the AI robots, IoT, and other digital technologies integration which will eventually enhance the performance of the robots. The robots have wide applications in food & beverages, healthcare & pharmaceuticals, aerospace & defense, metals & mining, and others. Thus, driving the Industrial Robotics market revenue.

The initial investment necessary can be arduous for the organization with less or no relevant expertise as the integration, procurement, accessories, programming, and maintenance require large capital investments, thus, hampering the growth of the market. Small and medium businesses also find it arduous to attain a large sum of money because of low manufacturing and a poor return on investment.

Industrial Robotics Market Segment Insights:

Industrial Robotics Application Insights

The Industrial Robotics Market segmentation, based on application, includes Handling, Assembling & Disassembling, Welding & Soldering, Dispensing, Cleanroom, Processing, and Others. The handling segment dominates the market because of the increasing drift of shopping on e-commerce and quick deliveries. The fast-developing industries, like automotive and electronics, use handling robots for handling and moving around small or heavy materials on the floor of the factories expeditiously and safely. Furthermore, the processing segment is expected to be the fastest growing during the forecast period.

Industrial Robotics End-Use Insights

The Industrial Robotics Market segmentation, based on end-use, includes Automotive, Electronics, Metal & Heavy Machinery, Chemical, Rubber & Plastics, Food, and Others. The electronics segment dominates the market owing to its ability to carry out different activities, like, dispensing, labeling, insertion, and screw driving, with good repeatability. The increase in innovation with rising research and development efforts by the market player will increase the adoption of such robots in order to enhance productivity, cost-efficiency, and minimum manufacturing overheads. Furthermore, the chemical, rubber & plastics segment is anticipated to be the rapid growing during the forecast period.

Figure 1: Industrial Robotics Market, by End-Use, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Industrial Robotics Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Industrial Robotics market, is expected to dominate the market with the presence of a large number of factories and industries that use robots in manufacturing processes to increase productivity. Furthermore, the increasing popularity of AI, automation, and other advanced technology evolution. China's industrial robotics market is the largest contributor.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Industrial Robotics Market SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

North American Industrial Robotics market accounts for the second-largest market share because of the arrival of smart factories and Industry 4.0, which demands small and customized robotics systems. Thus, the producers get an early return on investment as the manufacturing process is speedy and increases production capacity. Further, the US Industrial Robotics market held the largest market share, and the Canadian Industrial Robotics market was the rapid-growing market in the European region.

The European Industrial Robotics Market is expected to grow at the fastest CAGR from 2023 to 2032 as the work on creating and adopting the robots is increased in the region by the manufacturers. Moreover, the German Industrial Robotics market held the largest market share, and the UK Industrial Robotics market was the rapid-growing market in the Asia-Pacific region.

Industrial Robotics Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to spread their product lines, which will help the Industrial Robotics market grow even more. Market participants are also undertaking a various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Industrial Robotics industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Industrial Robotics industry to benefit clients and increase the market sector. In recent years, the Industrial Robotics industry has offered some of the most significant advantages to manufacturing industries. Major players in the Industrial Robotics market, including ABB, FANUC Corporation, Yaskawa Electric Corporation, MRK-Systeme GmbH, Epson, Mitsubishi Electric Corporation, Comau SpA, DENSO Corporation, Kawasaki Heavy Industries, Ltd., Omron Corporation, KUKA AG, Hirata Corporation, Toshiba Machine Co. Ltd, and others, are attempting to increase market demand by investing in research and development operations.

Epson is a Japanese multinational electronics company headquartered in Suwa, Japan, globally the largest manufacturer of computer printers and information and image-related equipment. Inkjet, thermal and laser printers for consumers, business, and industrial use, dot matrix, scanners, laptops and desktop computers, and other associated electronic components. In June 2022, the GX series SCARA Robots was introduced by Epson in order to provide next-level performance and flexibility. High throughput, smooth motion control, and heavy payloads with advanced Epson GYROPLUS technology are offered by the GX4 and GX8 SCARA robots. With a 250-350 mm reach with the GX4 and a 450-650 mm reach with the GX8, offering multiple arm configurations, the robots can attain ultra-high accuracy with roles including assembly, pick and place, and complicated small-parts handling processes.

Yasakawa Electronic Corporation is a Japanese servo, motion controllers, AC motor drives, and industrial robots manufacturer. It was established in 1915 and headquartered in Fukuoka Prefecture; its robot, the Motoman robot, is widely utilized in welding, assembly, packaging, coating material handling, cutting, and general automation as it is a heavy-duty industrial robot. In January 2022, the additional shares of Doolim-Yaskawa Co., Ltd, were acquired by the Yaskawa Electric Corporation through Yaskawa Electric Korea Corporation; doolim-yaskawa Co., Ltd is a Korean robotic painting and sealing system integrator. Yaskawa Electric and Yaskawa Korea to build the business in the robotic painting and sealing system market via leveraging synergies with Doolim-Yaskawa.

Key Companies in the Industrial Robotics market include

• ABB

• FANUC Corporation

• Yaskawa Electric Corporation

• MRK-Systeme GmbH

• Epson

• Mitsubishi Electric Corporation

• Comau SpA

• DENSO Corporation

• Kawasaki Heavy Industries, Ltd.

• Omron Corporation

• KUKA AG

• Hirata Corporation

• Toshiba Machine Co. Ltd

Industrial Robotics Industry Developments

June 2022: The next generation of flexible Automatica 2022 was unveiled by ABB, announcing the launch of transformative products under the new OmniVance brand: the OmniVance FlexArc Compact Cell and the OmniVance Matchining Cell and software.

February 2022: FANUC will supply 3,500 robots for new production lines and plants under the agreement signed between FANUC and BMW AG. These robots will be used in developing the existing and future generations of BMW models.

February 2017: An automation solution was created by MRK-Systeme GmbH for the BMW Group with the use of HRC-compliant KUKA robots. This solution assists the unit in Landshut, Bravia, to provide quality assurance in an ergonomically friendly manner for crankshaft housing.

Industrial Robotics Market Segmentation:

Industrial Robotics Application Outlook

• Handling

• Assembling & Disassembling

• Welding & Soldering

• Dispensing

• Cleanroom

• Processing

• Others

Industrial Robotics End-Use Outlook

• Automotive

• Electronics

• Metal & Heavy Machinery

• Chemical, Rubber & Plastics

• Food

• Others

Industrial Robotics Regional Outlook

• North America

• • US

  • Canada

• Europe

• • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Australia

  • Rest of Asia-Pacific

• Rest of the World

  • Middle East

  • Africa

  • Latin America

Industrial Robotics Market Segmentation

Industrial Robotics Application Outlook (USD Billion, 2018-2032)

• Handling

• Assembling & Disassembling

• Welding & Soldering

• Dispensing

• Cleanroom

• Processing

• Others

Industrial Robotics End-Use Outlook (USD Billion, 2018-2032)

• Automotive

• Electronics

• Metal & Heavy Machinery

• Chemical

• Rubber & Plastics

• Food

• Others

Industrial Robotics Regional Outlook (USD Billion, 2018-2032)

• North America Outlook (USD Billion, 2018-2032)

  • North America Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • North America Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

  • US Outlook (USD Billion, 2018-2032)

  • US Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • US Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

  • CANADA Outlook (USD Billion, 2018-2032)

  • CANADA Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • CANADA Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

• Europe Outlook (USD Billion, 2018-2032)

  • Europe Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • Europe Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

  • Germany Outlook (USD Billion, 2018-2032)

  • Germany Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • Germany Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

  • France Outlook (USD Billion, 2018-2032)

  • France Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • France Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

  • UK Outlook (USD Billion, 2018-2032)

  • UK Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • UK Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

  • ITALY Outlook (USD Billion, 2018-2032)

  • ITALY Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • ITALY Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

  • SPAIN Outlook (USD Billion, 2018-2032)

  • Spain Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • Spain Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

  • Rest Of Europe Outlook (USD Billion, 2018-2032)

  • Rest Of Europe Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • REST OF EUROPE Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

• Asia-Pacific Outlook (USD Billion, 2018-2032)

  • Asia-Pacific Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • Asia-Pacific Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

  • China Outlook (USD Billion, 2018-2032)

  • China Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • China Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

  • Japan Outlook (USD Billion, 2018-2032)

  • Japan Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • Japan Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

  • India Outlook (USD Billion, 2018-2032)

  • India Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • India Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

  • Australia Outlook (USD Billion, 2018-2032)

  • Australia Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • Australia Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

  • Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)

  • Rest of Asia-Pacific Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • Rest of Asia-Pacific Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

• Rest of the World Outlook (USD Billion, 2018-2032)

  • Rest of the World Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • Rest of the World Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

  • Middle East Outlook (USD Billion, 2018-2032)

  • Middle East Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • Middle East Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

  • Africa Outlook (USD Billion, 2018-2032)

  • Africa Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • Africa Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others

  • Latin America Outlook (USD Billion, 2018-2032)

  • Latin America Industrial Robotics by Application

    • Handling

    • Assembling & Disassembling

    • Welding & Soldering

    • Dispensing

    • Cleanroom

    • Processing

    • Others

  • Latin America Industrial Robotics by End-Use

    • Automotive

    • Electronics

    • Metal & Heavy Machinery

    • Chemical

    • Rubber & Plastics

    • Food

    • Others