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The industrial robotics services market is estimated to grow at a CAGR of 6.9% between 2022 and 2027. The size of the market is forecast to increase by USD 7,429.08 million. The growth of the market depends on several factors, including the surge in demand for industrial robots, the industrial services for collaborative robots, and an increase in the adoption of industrial robots in developing countries in APAC.
This report extensively covers market segmentation by application (material handling, welding and soldering, assembly line, and others), end-user (healthcare and pharmaceuticals, automotive, food and beverages, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The surge in demand for industrial robots is notably driving the market growth, although factors such as the high cost of services may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Industrial Robotics Services Market Driver
The surge in demand for industrial robots is the key factor driving global industrial robotics services growth. Manufacturers are increasingly automating their daily manual processes by adopting industrial robots to achieve production and operational efficiency. They allow a minimum margin of error and also ensure better safety for workers. Industrial robots are used to improve various applications such as welding and soldering, painting, assembly and disassembly, and cutting and grinding.
Among end users, the automotive industry is the largest segment by revenue in the global industrial robots market. Demand for application-specific robots has grown among end users. Many vendors are developing custom bots to meet market demand and gain a competitive edge over others. Thus, the increase in demand for application-specific industrial robots will have a positive impact on manufacturers who will be able to adopt personalized services during the forecast period and gain a competitive edge over other competitors.
Significant Industrial Robotics Services Market Trend
Technological innovations in industrial robotics services are the primary trend in the global industrial robotics services market. System integrators are taking initiatives to innovate service offerings using technological advances such as the Internet of Things (IoT) and software platforms. Programming platforms are mainly applied to improve the implementation and programming of industrial robots, and trends such as virtual implementation and offline programming will rise during the forecast period.
Additionally, vendors are taking steps to improve industrial robot cell reconfiguration. Robotic cells such as the ReconCell have become more common and are mostly suitable for SMEs that produce small batches. As vendors improve industrial robotic cells in terms of simulation, programming, deployment, and reconfiguration, more and more end users are adopting them to improve productivity. Thus, increasing technological innovations in the field of industrial robotic services will drive the growth of the market during the forecast period
Major Industrial Robotics Services Market Challenge
The high costs of the initial investment in a desalination plant are a major challenge to global industrial robotics services growth. Vendors must strive to develop methods that prevent end users from losing time or money when using services provided by industrial robot deployments. The integration of robot systems includes signed contracts and legal regulations, tenders, and assessments before the robots are deployed and used.
In order to smoothly integrate these systems into their operations, it is also important that the operators and employees of customers participate in relevant training. There are costs associated with these on-site training events, as trainers must be hired and travel and accommodation costs for the training staff are also paid for. This increases the potential total cost to the end user, which limits the market growth during the forecast period.
Key Industrial Robotics Services Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Industrial Robotics Services Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Global.Abb - The company offers industrial robotics services such as a 6-axis articulated robot IRB 1010 for use in material handling, machine tending, spot welding, arc welding, cutting, assembling, testing, inspecting, dispensing, grinding, and polishing applications.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the material handling segment will be significant during the forecast period. In this segment, the biggest demand comes from the automotive industry, where they move bulk cargo that cannot be moved efficiently by hand. Chinese and European companies want to reduce workers' liability for compensation for chemical accidents and remediation costs. The demand for industrial robots used in material handling applications in the chemical industry is significant. Miniaturization has become an emerging trend in the electrical and semiconductor industry, demanding high performance as well as maintaining quality and reducing processing time.
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The material handling segment was valued at USD 6,770.75 million in 2017 and continued to grow by 2021. The market for industrial robotics services in material handling is gaining traction among industrial users for applications such as machine maintenance, metal maintenance, packaging, loading/unloading, palletizing, assembly, and injection molding. Demand for these services is growing significantly among end users who are focused on adopting efficiency-enhancing technologies. System integrators specializing in material handling applications are expected to focus on technologies such as 3D container collection, machine vision, and collaborative robots during the forecast period.
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APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The industrial robotic services market in the APAC region was the largest producer, with high demand coming from China, Japan, South Korea, Taiwan, and India. The region is an important base for the activities of leading foreign manufacturers and system integrators. The region played a key role in providing system solutions using robots manufactured in Europe and Japan. The automotive industry, F and B, metals, textiles, chemicals, and pharmaceuticals are growing sectors in the region. These factors will facilitate market growth during the forecast period.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. COVID-19 led to an upsurge in the demand for APAC. However, the resumption of normal activities is expected to increase sales in the automobile, electronics, and aviation industries that use industrial robots, which, in turn, will boost the growth of the regional market during the forecast period.
Technavio categorizes the global industrial robotics services market as a part of the global industrial machinery market. The parent global industrial machinery market covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Application (Material Handling, Welding and soldering, Assembly line, and Others), End-user (Healthcare and pharmaceuticals, Automotive, Food and beverages, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa).
Industrial Robotics Services Market Scope |
|
Report Coverage |
Details |
Page number |
188 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.9% |
Market growth 2023-2027 |
USD 7,429.08 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.85 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 41% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Carl Cloos Schweisstechnik GmbH, DAIHEN Corp., Denso Corp., Durr AG, FANUC Corp., General Electric Co., Hans Laser Technology Industry Group Co. Ltd., Jenoptik AG, Kawasaki Heavy Industries Ltd., MIDEA Group, Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., OMRON Corp, Panasonic Holdings Corp., Seiko Epson Corp., Staubli International AG, Teradyne Inc., Universal Robots AS, and Yaskawa Electric Corp |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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