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The Asia Pacific (APAC) - Industrial Robotics Market size is estimated to grow at a CAGR of 13.52% between 2022 and 2027. The market size is forecast to increase by USD 17.57 billion. The growth of the industrial robotics market share in APAC depends on several factors such as a surge in demand for industrial robots, the rising adoption of Industry 4.0 industries, and vendor initiatives to improve service delivery. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
This report extensively covers market segmentation by application (material handling, welding and soldering, assembling and disassembling, painting and coating, and others) and end-user (automotive, electrical and electronics, metal and heavy machinery, food and beverages, and others). It also includes an in-depth analysis of drivers, trends, and challenges.
APAC Industrial Robotics Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
In APAC, the industrial robotics market has experienced strong demand for various industrial applications with technological advancements and investments in R&D in robotics. By incorporating industrial robots to attain production and operational efficiency, they allow for minimal margins of error and also guarantee greater employee safety. Industrial robots are being deployed to improve several applications such as welding and soldering, painting, assembly and disassembly, cutting, and milling, among others. The automotive sector is the biggest segment in terms of revenue contribution to the Asia Pacific (APAC) - industrial robotics market in the end user. There is an increased demand for application-specific robots from end-users.
However, many companies are expanding customized robots to fulfil the demand of the market and gain a competitive edge over peers. It is expected to positively impact manufacturers that can launch services to cater to customized requirements and gain a competitive advantage over other competitors as the demand for application-specific industrial robots increases thus generating new opportunities for the industrial robotics market size. These factors will propel the industrial robotics market growth in APAC.
The integration of IoT robotics is one of the major industrial robotics market trends. The Internet of Things (IoT) is an interconnection to several devices which can be mechanical or digital devices and objects. It also allows data to be transmitted from one end to another without human intervention. With the advent of Industry 4.0, IoT is commercialized in several areas thereby initiating an industrial revolution. To achieve the organisation's desired goals and key performance indicators (KPIs), IoT assimilates smart machines, warehouses, industrial robots (including articulated robots), and other systems.
Moreover, many sensors placed in conjunction with articulated robots deliver real-time information on machine performance and maintenance requirements which can have a positive impact on the APAC - industrial robotics market. Consequently, the adoption of the IoT in manufacturers shifts them into connected and synchronized units. These factors are anticipated to fuel the growth of the market during the forecast period.
There are various applications associated with the introduction of industrial robots. Nevertheless, the issues pertaining to the need for a professional and skilled workforce impede the Asia Pacific (APAC) - industrial robotics market growth. Robotic technology is a cutting-edge method of carrying out industrial operations accurately and this technology requires collaboration with skilled industrial workers who can understand the data exchange between robots and the assembly line. Moreover, finding a professionally trained or skilled workforce and experienced engineers to control robots in industrial facilities is very challenging.
Moreover, the growing ageing population has led to a deficit of skilled workers. in APAC, the non-availability of adequate skilled manufacturing expertise and the hesitation of youth to enter the manufacturing sector have led to a substantial upsurge in labour costs which can have a negative on the Asia Pacific - industrial robotics market expansion. Thus, the lack of skilled robotic technicians is expected to limit the adoption of industrial robots, and this will hamper market growth during the forecast period.
The market share growth by the material handling segment will be significant during the forecast period. In APAC, material handling has a substantial application in the rapidly growing Asia Pacific (APAC) - industrial robotics market. For effective automation solutions, the region's booming manufacturing and e-commerce sectors drive the demand and APAC - industrial robotics market growth. For operations such as picking, packing, and palletizing, Industrial robots are generally used such as autonomous mobile robots (AMRs) and robotic arms in warehouses and factories.
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The material handling segment was the largest segment and was valued at USD 6.19 billion in 2017. For instance, order fulfilment robots are used by e-commerce behemoths such as Alibaba and JD.com. Also, car manufacturers use robotics for assembly line operations. Asia Pacific - industrial robotics market is characterized by a spike in investments, technological breakthroughs, and company alliances to address the increasing demand for material handling automation. Due to such factors, the introduction of industrial robotics is anticipated to advance material handling applications, which will thus fuel the growth of the market during the forecast period.
Based on end-user, the market has been segmented into automotive, electrical and electronics, metal and heavy machinery, food and beverages, and others. The automotive segment will account for the largest share of this segment.?The APAC automobile sector is a substantial end-user in the Asia Pacific - industrial robotics market. Automakers are progressively utilizing robots for operations such as welding, painting, assembly, and material handling to improve manufacturing efficiency and quality. For instance, Toyota uses advanced robotics for assembly line automation, while Chinese auto manufacturer BYD uses robots for battery production. The continuous development of the automotive industry and technological innovation in the region are driving the introduction of industrial robotics, forging important prospects for APAC - industrial robotics market growth. Hence, the demand for industrial robotics is anticipated to decline from the automotive sector, thereby propelling the growth of the market during the forecast period.
Companies 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.
ABB Ltd. - The company offers a comprehensive range of industrial robots under the brand IRB series to help various manufacturers, including automotive manufacturers, improve productivity, product quality, and worker safety.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
ABB Ltd., Aurotek Corp. Inc., Daikin Industries Ltd., DENSO Corp., Durr AG, FANUC Corp., General Electric Co., Hans Laser Technology Industry Group Co. Ltd., Kawasaki Heavy Industries Ltd., KUKA AG, MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., OMRON Corp., Panasonic Holdings Corp., Seiko Epson Corp., Stellantis NV, Universal Robots AS, Yamaha Motor Co. Ltd., and Yaskawa Electric Corp.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The APAC industrial robotics market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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APAC Industrial Robotics Market Scope |
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Report Coverage |
Details |
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Page number |
164 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 13.52% |
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Market growth 2023-2027 |
USD 17.57 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
13.0 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., Aurotek Corp. Inc., Daikin Industries Ltd., DENSO Corp., Durr AG, FANUC Corp., General Electric Co., Hans Laser Technology Industry Group Co. Ltd., Kawasaki Heavy Industries Ltd., KUKA AG, MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., OMRON Corp., Panasonic Holdings Corp., Seiko Epson Corp., Stellantis NV, Universal Robots AS, Yamaha Motor Co. Ltd., and Yaskawa Electric Corp. |
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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, and Market condition analysis for the forecast period. |
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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 market research 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
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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