The global industrial robotics market is estimated to grow at a CAGR of around 10% during the forecast period. Industrial robots assist in the manufacturing units and perform various industrial procedures such as assembling, processing, welding, labeling, packaging, and many others. There is an increasing demand for industrial robots owing to the increasing adoption of smart factory systems, in which industrial robots play an important role.
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The growing demand for reducing the operational costs in the manufacturing plants is one of the key factors driving the growth of the global industrial robotics market. The decrease in functional cost can be achieved by eliminating raw material wastage, errors in the production workflow, and improvement in operational flexibility. The adoption of robotic solutions in the automotive industry will provide efficient ways to eliminate these operational costs, which in turn will foster the profitability of the OEMs. Thus, providing growth opportunities to the market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Industrial Robotics Market – Segmentation
By Type
- Traditional Robots
- Collaborative Robots
By End-User Industry
- Automotive
- Chemical, Rubber, and Plastic
- Electrical &Electronics
- Food &Beverages
- Metal & Heavy Machinery
- Others
Global Industrial Robotics Market – Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global industrial robotics market. Based on the availability of data, information related to products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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