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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"Government initiatives, increasing demand from the automotive industry, and the strong manufacturing sector in APAC are some of the key factors leading to the growth of the market in APAC." 

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.

Market Overview

The parent global industrial machinery market covers companies engaged in the manufacturing of industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Technavio calculates the global industrial machinery market size based on combined revenue generated by manufacturers of machinery and components used in the industrial environment. 

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.

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Industrial Robotics market in the Food and Beverage Industry - The market share is expected to post a CAGR of close to 29% during the 2015-2019 forecast period. 

APAC Industrial Robotics market - The market share will grow at a CAGR of more than 8% by 2020. 

China Industrial Robotics market - The market share will grow at a CAGR of 10.09 percent over the period 2013-2018.

North America Industrial Robotics market - The market share will grow at a CAGR of 12.26% over the period 2015-2019.

US Industrial Robotics market - The market share will grow stupendously at an impressive CAGR of more than 12% over the forecast period.

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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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