Heavy Duty Industrial Robot Market by End-user, Application, Product Feature, and Geography - Forecast and Analysis 2021-2025
- Published: Apr 2021
- Pages: 120
- SKU: IRTNTR70559
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The heavy-duty industrial robot market has the potential to grow by USD 3.78 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 8.12%.
This heavy-duty industrial robot market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (automotive industry, foundry industry, and aerospace and defense industry), application (material handling, assembly line, and logistics), product feature (payload capacity 0.50 to 1 ton, payload capacity 1 to 2 ton, and payload capacity more than 2 ton), and geography (APAC, Europe, North America, South America, and MEA). The heavy-duty industrial robot market report also offers information on several market vendors, including ABB Ltd., Comau Spa, FANUC Corp., Kawasaki Heavy Industries Ltd., KRONES AG, KUKA AG, Liebherr-International AG, NACHI-FUJIKOSHI Corp., OMRON Corp., and Yaskawa Electric Corp. among others.
What will the Heavy Duty Industrial Robot Market Size be in 2021?
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Heavy Duty Industrial Robot Market: Key Drivers and Trends
The uninterrupted operations provided by heavy-duty industrial robots is notably driving the heavy-duty industrial robot market growth, although factors such as high installation cost may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the heavy-duty industrial robot industry get your FREE report sample now.
The engagement of industrial workers is declining with the rising trend for the implementation of heavy-duty industrial robots. This has enabled various industries to enhance their productivity and reduce their operational breakdown. The employment of industrial robots ensures the prevention of any damage to the raw material and products as they are designed to carry heavy loads efficiently. It also results in effective and efficient distribution of workforce for productive industrial operations in the industries. Technavio’s market research report identifies that the growing need for uninterrupted industrial operations as one of the primary growth drivers for the global heavy-duty industrial robot market growth. Industries benefit in several ways since uninterrupted operations aid in reduced wastage and optimized operational cost. Technavio’s market research analysts predict that this market will grow at a CAGR of over 8% by 2025.
This heavy-duty industrial robot market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.
Who are the Major Heavy Duty Industrial Robot Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- ABB Ltd.
- Comau Spa
- FANUC Corp.
- Kawasaki Heavy Industries Ltd.
- KRONES AG
- KUKA AG
- Liebherr-International AG
- NACHI-FUJIKOSHI Corp.
- OMRON Corp.
- Yaskawa Electric Corp.
The heavy-duty industrial robot market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the heavy-duty industrial robot market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Heavy Duty Industrial Robot Market?
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64% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for the heavy-duty industrial robot market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The presence of many system integrators and raw material suppliers and a reasonable number of distributors and suppliers will facilitate the heavy-duty industrial robot market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
What are the Revenue-generating End-user Segments in the Heavy Duty Industrial Robot Market?
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The demand for heavy-duty industrial robots is increasing in the automotive industry due to the popularity of the concept of smart factories and flexible assembly lines and the robotic automation of production lines. The growing need for speeding up the supply chain management and manufacturing processes is driving the industry to adopt heavy-duty industrial robots in assembly line operations and material handling. The increasing demand for smart cars from the automotive industry will also boost growth in the heavy-duty industrial robot market.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the heavy-duty industrial robot market size.
What are the Key Factors Covered in this Heavy Duty Industrial Robot Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive the heavy-duty industrial robot market growth during the next five years
- Precise estimation of the heavy-duty industrial robot market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the heavy-duty industrial robot industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of heavy-duty industrial robot market vendors
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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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- South Korea (Republic of Korea)
- Low price of components
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