Robotics market is anticipated to grow at a CAGR of 18.1% during the forecast period. Robot installations across the globe are expected to propel the robotics market during the forecast period. The ongoing trend toward automation and rising next-generation technologies is expected to support market growth. For instance, according to the International Federation of Robotics, sales of industrial robots have reached a strong recovery. A new record of 4,86,800 units was shipped globally in 2021 – an increase of 27% compared to the year 2020. Asia/Australia saw the largest growth in demand installations up 33% reaching 354,500 units. The Americas increased by 27% with 49,400 units sold. The Europe region saw double-digit growth of 15% with 78,000 units installed.
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The strong demand across the industries for robot installations is expected to accelerate market growth during the forecast period. For instance, in 2021, the electronics industry (132,000 installations, +21%), surpassed the automotive industry. The industrial industry (109,000 installations +37%) is the largest customer of industrial robots already in 2020. Metal and machinery (57,000 installations, +38%), plastics and chemical products (22,500 installations, +21%) and food and beverages (15,300 installations, +24%).
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Robotics Market by Type
- Industrial Robots
- Articulates
- SCARA
- Cartesian
- Collaborative
- Others (Parallel)
- Service Robots
- Logistics
- Medical
- Domestics
- Others (Security, Rescue)
Global Robotics Market by Application
- Handling
- Welding & Soldering
- Assembling & Disassembling
- Dispensing
- Processing
- Others (Inspections & Quality Testing and Die Casting & Molding)
Global Robotics Market by End-Users
- Manufacturing
- Food & Beverage
- Aerospace
- Healthcare
- Logistics
- Others (Military & Defense)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ABB Group
- Autonox Robotics GmbH
- AV&R
- Bastain Solutions LLC
- Bosch Rexroth AG
- Denso Corp.
- Diligent Robotics Inc.
- Electroimpact Inc.
- FANUC Corp.
- General Dynamics Mission Systems, Inc.
- Gudel Group AG
- Hyundai Robotics Europe GmbH
- JH Robotics, Inc.
- Kuka AG
- Kawasaki Heavy Industries Ltd.
- Mayekawa Mfg. Co. Ltd.
- Mitsubishi Electric Corp.
- Mtorres Disenos Industriales S.A.U.
- Nachi-Fujikoshi Corp.
- Oliver Crispin Robotics Ltd.
- Omron Corp.
- Panasonic Corp.
- Rockwell Automation Inc.
- Rethink Robotics
- Schneider Electric
- Seiko Epson Corp.
- Staubli International AG
- Toshiba Corp.
- Universal Robotics A/S
- Yaskawa Electric Corp.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global robotics market. Based on the availability of data, information related to new product launches, 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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