Latest published report by fortune business insights titled “Industrial Robots Market Research Report by 2024?. This report provides an in-depth analysis of the industrial robots industry, providing information about its current state. It assesses and verifies critical market metrics such as CAGR, gross margin, revenue, pricing, production growth rate, volume, value, market share, and annual growth. This analysis, using both advanced primary and secondary research methods.

Industrial Robots Market Size, Share & Industry Analysis, By Robot Type (Articulated, SCARA, Cylindrical, Cartesian/Linear, Parallel, and Others), By Application (Pick and Place, Welding & Soldering, Material Handling, Assembling, Cutting & Processing, and Others), By Industry (Automotive, Electrical & Electronics, Healthcare & Pharmaceutical, Food & Beverages, Rubber & Plastic, Metals & Machinery, and Others), and Regional Forecast, 2023-2030

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Market Overview:

The global industrial robots market size was valued at USD 16.78 billion in 2022 and is projected to grow from USD 18.19 billion in 2023 to USD 41.02 billion by 2030, exhibiting a CAGR of 12.3% during the forecast period. Asia Pacific dominated the industrial robots market with a market share of 48.98% in 2022.

The purpose of this report is to provide market and strategic insights to help decision-makers make informed investment decisions and identify potential gaps and growth opportunities. The Industrial Robots Market report provides a thorough overview of marketing strategies, allowing leading players to make informed decisions. Report provides depth analysis of industrial robots industry this analysis, using both advanced primary and secondary research methods, includes:

  • Company Profiles: Learn about major companies’ markets, production capacity, revenues, market shares, recent innovations, and gross profit margins.
  • Examine market dynamics: including drivers, constraints, opportunities, influencers, challenges, and trends.

Industrial Robots Market Key Players:

  • ABB (Switzerland)
  • YASKAWA ELECTRIC CORPORATION (Japan)
  • Mitsubishi Electric Corporation (Japan)
  • NACHI-FUJIKOSHI CORP. (Japan)
  • Comau SpA (Italy)
  • KUKA AG (Germany)
  • FANUC CORPORATION (Japan)
  • DENSO CORPORATION (Japan)
  • Kawasaki Heavy Industries, Ltd. (Japan)
  • Omron Corporation (Japan)

Industrial Robots Market Drivers:

  • Technological Advancements: Innovations in robotics technology, including AI, machine learning, and advanced sensors, enhance the capabilities and performance of industrial robots.
  • Increased Demand for Automation: The push for higher efficiency, productivity, and precision in manufacturing drives the adoption of industrial robots across various sectors.
  • Growth in Manufacturing and Production: Expanding manufacturing and production industries, including automotive, electronics, and consumer goods, boost the demand for industrial robots.
  • Focus on Quality and Consistency: The need for high-quality, consistent output and reduced human error in production processes encourages the use of robotic automation.
  • Labor Shortages and Cost Reduction: The shortage of skilled labor and the need to reduce labor costs drive the adoption of industrial robots as a solution for efficient and cost-effective operations.

Reasons to Buy This Report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the Industrial Robots Market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the industrial robots industry. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Insights:

  • North America (By Robot Type, By Application, By Industry, and By Country)
    • U.S. (By Robot Type)
    • Canada (By Robot Type)
  • Europe (By Robot Type, By Application, By Industry, and By Country)
    • Germany (By Robot Type)
    • U.K. (By Robot Type)
    • France (By Robot Type)
    • Italy (By Robot Type)
    • Rest of Europe
  • Asia Pacific (By Robot Type, By Application, By Industry, and By Country)
    • China (By Robot Type)
    • Japan (By Robot Type)
    • India (By Robot Type)
    • Southeast Asia (By Robot Type)
    • Rest of Asia Pacific
  • Middle East & Africa (By Robot Type, By Application, By Industry, and By Country)
    • GCC (By Robot Type)
    • South Africa (By Robot Type)
    • Rest of the Middle East & Africa
  • Latin America (By Robot Type, By Application, By Industry, and By Country)
    • Brazil (By Robot Type)
    • Mexico (By Robot Type)
    • Rest of Latin America

Key Industry Developments

  • Compau SpA introduced a new Racer-5 SE industrial robot. It is used in vital industries such as pharmaceutical, health & beauty, food & beverages industry, and electronics sectors. It improves the production capacity, the productivity of operations, and good quality.
  • ABB introduced a new FlexPicker IRB 365 delta robot specifically designed for packing and picking applications with a capacity of 1.5 KG. These type of robots are used in packaging lightweight products such as peppers, candies, small bottles, and chocolates.
  • Mitsubishi Electric Corporation introduced an artificial intelligence (AI)-enabled industrial robots for food processing, and manufacturing sectors. It is used for improving the productivity of manufacturing operations. Additionally, these new systems are largely adopted in manufacturing sectors, and it reduces the timeline by the range of 5 hours to 60 hours.
  • Nachi-Fujikoshi Corp launched a new series of small cooperative robot named as “EZ” small robot. It is specifically designed for industries such as electronic, electrical, automotive, and general industrial machinery. It has features such as smart cable routing, having load capacity of 6 KGs, high speed, long durability, and highly precise operations.
  • FANUC introduced the newest collaborative robot, the CRX 10-iA. The new robot can perform highly functional tasks under a flip motion to perform repetitive tasks.
  • FANUC and BMW AG signed a framework agreement wherein FANUC will supply 3,500 robots for new production lines and plants. These robots will be deployed in developing the existing and future generations of BMW models.

Table of Content :

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Industrial Robots Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Industry Developments – Merger, Acquisitions, and Partnerships
    • Porter’s Five Forces Analysis
    • SWOT Analysis
    • Technological Developments
    • Value Chain Analysis

TOC Continued…!

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