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Industrial Robotics Market Size - By Product (Articulated, SCARA, Gantry, Cartesian, Parallel, Cylindrical, Collaborative), By End-Use – Global Forecast 2023 - 2032

  • Report ID: GMI1729
  • Published Date: Sep 2023
  • Report Format: PDF

Industrial Robotics Market Size

Industrial Robotics Market size was valued at over USD 14.5 billion in 2022 and is anticipated to grow at a CAGR of over 12% up to 2032 Owing to the growing adoption of collaborative robots, often referred to as cobots. Cobots are designed to work alongside human operators in a shared workspace, enabling human-robot collaboration in tasks that require close interaction & coordination. Cobots are built with advanced safety features that allow them to operate safely while being in proximity with humans. This eliminates the need for traditional safety barriers, enabling enhanced efficiency in the use of workspaces and reducing the need for dedicated robot zones.

 

Industrial Robotics Market

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An industrial robot is a mobile or fixed multifunctional manipulator that can be autonomously controlled or reprogrammed in three or more axes and used in industrial automation applications. The industrial robot consists of a manipulator with actuators, a controller with a teach pendant, and any communication interface (hardware & software).

 

The operation & maintenance of industrial robots requires a skilled workforce, with expertise in robotics, automation, and troubleshooting. The shortage of qualified personnel will pose challenges for the industries seeking to adopt robotic solutions. Companies may need to invest in trainings or compete to attract skilled technicians. The integration of industrial robots into existing production workflows can be a complex process. Specialized skills & expertise is required to ensure that robots work seamlessly with other machinery along with coordinating tasks and following the desired sequence.

 

COVID-19 Impact

The pandemic disrupted global supply chains, causing delays in the production and delivery of industrial robots and their components. Many robot manufacturers rely on a global network of suppliers, and lockdowns, restrictions, and disruptions in various countries affected the availability of parts. Some industries, such as automotive and aerospace, which are significant users of industrial robots, experienced a sharp decline in demand during the pandemic.

 

Industrial Robotics Market Trends

Industry 4.0 and smart manufacturing emphasize the integration of automation & digitization throughout the production value chain. Industrial robots are at the forefront of this transformation, automating tasks that were previously manual, repetitive, and error prone. This automation not only improves efficiency but also reduces the likelihood of human errors, leading to higher product quality. Smart manufacturing requires production systems that can quickly adapt to the changing market demands and product variations.

 

Industrial robots excel in this aspect by being easily reprogrammable and capable of handling diverse tasks. This flexibility enables manufacturers to switch between different products and production processes without extensive downtime. The government initiatives are augmenting the adoption of Industry 4.0. For instance, the Government of India is taking initiatives, such as the National Manufacturing policy and the SAMARTH Udyog Bharat 4.0, to positively influence the nation’s adoption of factory automation techniques and industrial robots.

 

Industrial Robotics Market Analysis

 Industrial Robotics Market Share, By Type 2021- 2032 (USD Billion)

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Based on type, the industrial robotics market is divided into articulated robots, cartesian robots/ gantry robots, scara robots, cylindrical robots, collaborative robots/ cobots, parallel robots/ delta robots, polar robots/ spherical robots. The Collaborative Robots/ COBOTS segment is expected to grow at a highest CAGR of over 20% from 2023 to 2032. Cobots are designed to work alongside human workers in a shared workspace. This collaboration allows them to perform tasks that require human judgment, dexterity, and adaptability, making them ideal for industries where close interactions between humans and robots is beneficial. 

 

Collaborative robots can assist human workers in performing ergonomically challenging tasks. This helps reduce the risk of repetitive strain injuries and improves the overall worker well-being, making them valuable in industries where manual labor is involved. Collaborative robots are known for their rapid deployment capabilities. They can be easily set up and integrated into existing production lines with minimal disruptions. This agility appeals to industries seeking swift automation solutions to meet the changing demands. For instance, in February 2022, Yaskawa Motoman launched collaborative robots: HC10DTP and HC20DTP. It can be installed by connecting single cables to the manipulator and the controller, resulting in easy setup and reduced expenses for maintenance and spare parts inventory.
 

Industrial Robotics Market Share, By End Use, 2022

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Based on end use, the industrial robotics market is segmented into automotive, metal & machinery, rubber & plastic, food & beverage, electrical & electronics, consumer goods, pharmaceuticals and medical devices, others. The Automotive segment held a market share of over 30% in and market revenue of over USD 4 billion in 2022. The shift toward Electric Vehicles (EVs) and Autonomous Vehicles (AVs) requires advanced manufacturing processes. Robots are integral in the production of EV components such as batteries and electric drivetrains. Additionally, the assembly & quality control of AV technologies benefit from robotic precision and consistency, driving the demand for industrial robots in the automotive sector.

 

Major players are developing robots for EV manufacturing, which is expected to positively influence the industrial robotics market gains in the automotive sector. For instance, in May 2022, ABB launched IRB 5710 and 5720, material handling robots for EV battery production. Both robots can perform a variety of manufacturing tasks such as assembly, machine tending, and material handling. Additionally, it can carry out EV-specific tasks such as picking & placing battery modules, handling parts, and precise assembly. Consumer demand for customized vehicles is increasing. Industrial robots are highly adaptable and can be reprogrammed or reconfigured quickly to accommodate changes in production requirements.
 

China Industrial Robotics Market Size, 2021-2032, (USD Billion)

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The Asia Pacific region is expected to be the largest industrial robotics market by 2032. The development of smart cities in China, South Korea, and Singapore is driving the need for advanced Industrial robotics to support various IoT applications. The deployment of 5G networks in Asia Pacific is impacting the industry as manufacturers seek switches capable of handling high-speed and low-latency communication. China is actively adopting robots in various industries, aided by government initiatives to upgrade manufacturing capabilities.

 

Industrial Robotics Market Share

Major companies operating in the Industrial Robotics market

  • ABB Group
  • Comau SpA
  • Denso Corporation
  • Epson America, Inc.
  • Fanuc Corporation
  • HD HYUNDAI ROBOTICS
  • Kawasaki Heavy Industries, Ltd.
  • KUKA AG
  • Mitsubishi Electric Corporation
  • Nachi Fujikoshi Corp
  • Daihen, Inc.
     

Industrial Robotics Market News:

  • In October 2022, ABB partnered with Scalable Robotics to develop its portfolio of robotics welding systems. The Scalable Robotics technology enables users to easily program welding robots without the need for coding owing to 3D vision and embedded process understanding.
     
  • In April 2022, Comau expanded its product portfolio with the 220 kg payload N-200 robot. The robot is equipped with integrated forklift adapters and optional high-torque washers for automatic anchoring, base fixing, easier relocations, and faster installations.
     

The Industrial Robotics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Thousand units) from 2018 to 2032, for the following segments:

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By Type, 2018 – 2032

  • Articulated Robots
  • Cartesian Robots/ Gantry Robots
  • SCARA Robots
  • Cylindrical Robots
  • Collaborative Robots/ COBOTS
  • Parallel Robots/ Delta robots
  • Polar Robots/ spherical robots

By End Use, 2018 – 2032

  • Automotive
  • Metal & Machinery 
  • Rubber & Plastic 
  • Food & beverage
  • Electrical & electronics
  • Consumer goods
  • Pharmaceuticals and medical devices
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Singapore
  • Latin America
    • Brazil
    • Argentina
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE

 

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Global market for industrial robotics was valued at over USD 14.5 billion in 2022 and is anticipated to grow at a CAGR of over 12% between 2023 and 2032, owing to the growing adoption of collaborative robots or cobots.
The automotive segment held a market share of over 30% and was valued at USD 4 billion in 2022. It is expected to grow at a lucrative pace through 2032, favored by the shift toward Electric Vehicles (EVs) and Autonomous Vehicles (AVs) that require advanced manufacturing processes.
Asia Pacific industry is estimated to grow tremendously through 2032, attributable to the development of smart cities in China, South Korea, and Singapore with advanced IoT applications, along with the wider deployment of 5G networks.
ABB Group, Comau SpA, Denso Corporation, Epson America, Inc., Fanuc Corporation, HD HYUNDAI ROBOTICS, Kawasaki Heavy Industries, Ltd, KUKA AG, Mitsubishi Electric Corporation, Nachi Fujikoshi Corp, and OTC Daihen, Inc.

Industrial Robotics Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 434
  • Countries covered: 18
  • Pages: 250
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