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Industrial Robotics Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71923
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The industrial robotics market share is expected to increase by 145.02 thousand units from 2021 to 2026, at a CAGR of 6.62%.

This industrial robotics 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 industrial robotics market segmentation by application (electrical and electronics, automotive, metal and machinery, plastic and chemical, and others) and geography (APAC, Europe, North America, MEA, and South America). The industrial robotics market report also offers information on several market vendors, including ABB Ltd., Comau Spa, DENSO Corp., FANUC Corp., Kawasaki Heavy Industries Ltd., MIDEA GROUP, Mitsubishi Electric Corp., Seiko Epson Corp., Universal Robots AS, and Yaskawa Electric Corp. among others.

What will the Industrial Robotics Market Size be During the Forecast Period?

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Industrial Robotics Market: Key Drivers and Challenges

The surge in demand for industrial robots is notably driving the industrial robotics market growth, although factors such as lack of skilled workers to operate industrial robots may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial robotics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Industrial Robotics Market Driver

The technological advancements and investments in R&D in robotics will increase the demand for many industrial applications. This will encourage the manufacturers to automate their day-to-day manual processes by incorporating robots to gain a competitive edge over peers, which in turn will lead to the high demand for industrial robots. The adoption of industrial robots will help to minimize errors, ensure employee safety, and maintain operational efficiency. The lack of a working-age population and rising need for employees who can oversee the whole operations continuously will positively impact the growth of the market in focus during the forecast period.

Key Industrial Robotics Market Challenge

The major challenge to the industrial robotics market growth will be the lack of skilled workers to operate industrial robots. The market will require a skilled workforce and trained engineers to control robots in industrial facilities. Lack of workers who can understand the data exchange between robots and the assembly line will be a matter of concern for the end-users, as the robotic solutions cannot be used by regular operators without the necessary qualification and training. The growing aging population in countries such as Japan, the unwillingness of youth to enter the manufacturing sector, and the high cost of deploying robotics interoperability will further impede the growth of the market in focus.

This industrial robotics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Industrial Robotics Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Comau Spa
  • DENSO Corp.
  • FANUC Corp.
  • Kawasaki Heavy Industries Ltd.
  • MIDEA GROUP
  • Mitsubishi Electric Corp.
  • Seiko Epson Corp.
  • Universal Robots AS
  • Yaskawa Electric Corp.

 

This statistical study of the industrial robotics market encompasses successful business strategies deployed by the key vendors. The industrial robotics market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

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.

The industrial robotics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Industrial Robotics Market?

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63% 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 industrial robotics in APAC. However, the market growth rate in APAC will be slower than the growth of the market in other regions.

The significant increase in the demand for industrial robots from the automotive, electronics, and metal industries will facilitate the industrial robotics market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Industrial Robotics Market?

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The industrial robotics market share growth by the electrical and electronics segment will be significant during the forecast period. The use of industrial robots in the manufacturing and assembly of computers and their peripherals such as printers, monitors, and storage devices is expected to drive the growth in this market segment during the forecast period. Factors like the adoption of collaborative robots (that work alongside humans) and the introduction of IoT will be driving the global industrial robotics market growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial robotics market size and actionable market insights on post COVID-19 impact on each segment.

 

Industrial Robotics Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 6.62%

Market growth 2022-2026

145.02 th units

Market structure

Fragmented

YoY growth (%)

7.55

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 63%

Key consumer countries

China, Japan, US, South Korea (Republic of Korea), and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Comau Spa, DENSO Corp., FANUC Corp., Kawasaki Heavy Industries Ltd., MIDEA GROUP, Mitsubishi Electric Corp., Seiko Epson Corp., 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 the forecast period

Customization purview

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What are the Key Data Covered in this Industrial Robotics Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive industrial robotics market growth during the next five years
  • Precise estimation of the industrial robotics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial robotics industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial robotics market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Electrical and electronics - Market size and forecast 2021-2026
    • Automotive - Market size and forecast 2021-2026
    • Metal and machinery - Market size and forecast 2021-2026
    • Plastic and chemical - Market size and forecast 2021-2026
    • Others - Market size and forecast 2021-2026
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • North America - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor Landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • ABB Ltd.
      • Comau Spa
      • DENSO Corp.
      • FANUC Corp.
      • Kawasaki Heavy Industries Ltd.
      • MIDEA GROUP
      • Mitsubishi Electric Corp.
      • Seiko Epson Corp.
      • Universal Robots AS
      • Yaskawa Electric Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The industrial robotics market growth will increase by $145.02 thousand units during 2021-2026.
      The industrial robotics market is expected to grow at a CAGR of 6.62% during 2021-2026.
      Technavio has segmented the industrial robotics market by application (Electrical and electronics, Automotive, Metal and machinery, Plastic and chemical, and Others) and geographic (APAC, Europe, North America, MEA, and South America).
      ABB Ltd., Comau Spa, DENSO Corp., FANUC Corp., Kawasaki Heavy Industries Ltd., MIDEA GROUP, Mitsubishi Electric Corp., Seiko Epson Corp., Universal Robots AS, Yaskawa Electric Corp. are a few of the key vendors in the industrial robotics market.
      APAC will register the highest growth rate of 63.07% among the other regions. Therefore, the industrial robotics market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • Japan
      • US
      • South Korea (Republic of Korea)
      • Germany
      The key factors driving the industrial robotics market growth are:
      • Surge in demand for industrial robots
      The industrial robotics market vendors should focus on grabbing business opportunities from the electrical and electronics segment as it accounted for the largest market share in the base year.
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