Industrial Robotics Market to hit USD 103.34 Bn in 2029 at a CAGR of 11.8 percent Growth Hubs, Huge Investments and Research and Development

December 12 18:30 2022
Industrial Robotics Market to hit USD 103.34 Bn in 2029 at a CAGR of 11.8 percent Growth Hubs, Huge Investments and Research and Development
Industrial Robotics Market
Industrial Robotics Market was valued at USD 42.34 Billion in 2021, and is expected to reach USD 103.34 Billion by 2029, exhibiting a CAGR of 11.8 % during the forecast period (2022-2029)

Pune, 12, Dec2022: The report analysed by Maximize Market Research, the global automation and process control market research firm. Industrial Robotics Market covers an extensive competitive and pricing analysis in the report. Asia-Pacific is expected to witness significant growth according to the report. During the Forecast period, the report expects the market to grow from USD 42.34 Billion in 2021 to USD 103.34 Billion in 2029 at a CAGR of 11.8 percent. 

Industrial Robotics Market Scope and Research Methodology

The report on Industrial Robotics Market provides concise and accurate data and analysis on the Artificial Intelligence Market with current market highlights and industry trends. To get a better understanding of the dynamic market, the report covers the key insight such as market drivers, restraints, challenges and opportunities prevailing in the Industrial Robotics Market. Regional analysis of the market is conducted at local, regional and global levels for a better understanding of the market penetration, competitive structure, pricing and demand analysis. The report also covers the strategies followed by key players and gives their analysis based on their growth in the last five years in the industry which helps investors and major companies formulate their investment and marketing strategies.

Since the Industrial Robotics Market has a wide range of end-user industries, the report looks into the government initiatives offered and undertaken in various regions. The report also provides the opportunities prevailing in the Artificial Intelligence Market concerning entry in the market

For grasping the underlying factors that affect the growth and the fall of the Industrial Robotics Market, a competitive analysis is presented. Key manufacturers in the market are profiled based on the revenue generated, region, financial status, portfolio, technological advancements adopted, mergers and acquisitions, joint ventures and strategic alliances. This helps clients to perceive their direct and indirect consumer base along with market penetration and demand and pricing analysis. It also aids clients to understand the new marketing tactics that are being used by their competitors, and new technological advances adopted by them.

For an in-depth analysis of the services being offered, a segment-wise analysis of the Industrial Robotics Market is conducted by Type, Function, End-Use Industry and Region. Data is collected employing both primary and secondary research methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.

SWOT, PESTLE and Porter’s Five Force analysis were conducted to understand the threats of substitution and entry with market gaps in the market. The qualitative methods of analysis present internal and external factors affecting the Industrial Robotics Market. The report thus provides a comprehensive analysis of the Industrial Robotics Market.

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Industrial Robotics Market Overview

Industrial robotics is a machine that is programmed in a manner to undertake intensive production tasks in a moving assembly. This could be a large robot that is positioned in a fixed place where it carries out the assigned task or it can be as small as robotics arms in an assembly line. Manufacturers can choose from an array of options depending on their working needs and budget. Robotics in the industrial space increase productivity by reducing any form of human error and producing high-quality goods in a minimal amount of time and at a lower cost making them popular among industrial manufacturers.

Industrial Robotics Market Dynamics

Industries have been increasingly demanding robotics in their production lines for their superior quality, cost-effectiveness and efficiency that is offered by them. They are employed for various tasks such as raw material handling and finished product packing; in factories for spot welding, arc welding, and extracted die castings; and in infrastructure and logistics for project monitoring. This increases the efficiency and productivity of the industries. They are also deployed to carry out hazardous tasks because of stringent government regulations. These advantages offered by industrial robotics s expected to drive the Industrial Robotics Market growth.

Robotics wipes off any chance of human error and can be customized by tweaking the software. This saves the cost and time spent on training people in the industry. Keeping in mind the growing Industrial Robotics Market, huge investments are being initiated by investors which are fuelling research and development. Such developments in the Industrial Robotics Market are expected to drive the Industrial Robotics Market growth over the forecast period.    

Industrial Robotics Market Regional Insights

Asia-Pacific region is expected to witness significant growth over the forecast period on account of huge investments being initiated that are fuelling research and development in the field. The rapid adoption of industrial robotics by various end-use industries such as food processing, logistics and pharmaceutical industry. Strict government regulations on the safety and security of human labourers are also a major contributing factor towards the growth of the Industrial Robotics Regional Market.

Industrial Robotics Market Segmentation: 

By Type:

  • Articulated
  • Cartesian
  • Cylindrical
  • Others

By Function:

  • Automotive
  • Electrical & Electronics
  • Chemical, Rubber & Plastics
  • Machinery
  • Metals
  • Food & Beverages
  • Precision & Optics
  • Others

By End-Use Industry:

  • Soldering & Welding
  • Materials Handling
  • Assembling & Disassembling
  • Painting & Dispensing
  • Milling, Cutting, & Processing
  • Others 

Industrial Robotics Market Key Manufacturers include: 

  • Daihen Corporation
  • Denso Corporation
  • Epson America, Inc.
  • Fanuc Ltd.
  • Kawasaki Heavy Industries Ltd.
  • KUKA Robotics Corporation
  • Mitsubishi Electric Corporation
  • Nachi Robotic Systems, Inc.
  • Panasonic Corporation
  • Universal Robotics
  • Yaskawa Electric Corporation
  • ABB Ltd.
  • Robofusion
  • Kobelco Paint Robot
  • Kobe Steel Limited

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Key questions answered in the Industrial Robotics Market are: 

  • What is Industrial Robotics? 
  • What is the current growth rate of the Industrial Robotics Market?  
  • What is the growth rate of Industrial Robotics Market for the next five years? 
  • What is the nature of competition in Industrial Robotics industry in developed and developing economies? 
  • Who are the key players in the Industrial Robotics Market?
  • Who are the market leaders in Industrial Robotics in Europe?
  • Who are the market leaders in Industrial Robotics in USA and Canada?
  • Who are the market leaders in Industrial Robotics in India, China, Japan and South Korea?
  • What are the factors affecting growth in the Industrial Robotics Market? 
  • Who held the largest market share in Industrial Robotics Market? 
  • What are the factors for the growth of Asia-Pacific region in Industrial Robotics Market? 

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Type, Function, End-Use Industry and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading automation and process control research firm, has also published the following reports:

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Hyper Automation Market –The Hyper Automation Market size is expected to reach USD 31.4 billion by 2029 at a CAGR of 18.2 percent during the forecast period. The Hyper Automation Market is expected to be driven by technological development and increase in data analytics. 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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