Industrial Robotics Industry Overview
The global industrial robotics market was valued at USD 26.52 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.5% from 2023 to 2030.
The growing trend of Industry 4.0 is driving the use of robotics and smart manufacturing in the industrial sector. Manufacturers are expanding their factories to cater to the growing demand for industrial robotics. For instance, in December 2022, ABB Ltd. opened a new mega robotics factory for production and research in Shanghai, China. The company invested around USD 150 million to launch the 67,000-square-meter factory.
Moreover, companies are developing robots with advanced technologies and modern features due to the growing industrial sector and its complex processes. For instance, in June 2022, Epson Robotics launched its GX4 and GX8 SCARA robotics series. The company announced that the robots would provide multiple arm support and offer high precision task accuracy for complex handling tasks. Technological advancements of similar nature are expected to drive market growth during the forecast period.
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The rising trend of electric automobiles among new car owners remains promising, given the cost-benefit. It is expected to significantly impact the industrial robotics industry as car manufacturers have begun using automated robotic systems for the high-volume production of vehicles. For instance, in December 2022, Kuka AG completed the delivery of its industrial arm robots to Tesla Inc. to help the company mass produce its electric vehicles. Similarly, other major automobile companies are also using automated robotic solutions, thus driving the demand for industrial robotics.
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Industrial Robotics Market Segmentation
Grand View Research has segmented the global industrial robotics market based on application, end-use, and region.
Industrial Robotics Application Outlook (Revenue, USD Million, 2018 - 2030)
- Handling
- Assembling Disassembling
- Welding Soldering
- Cleanroom
- Dispensing
- Processing
- Others
Industrial Robotics End-Use Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)
- Automotive
- Electrical/Electronics
- Metal/Heavy Machinery
- Chemical, Rubber Plastics
- Food
- Others
Industrial Robotics Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)
- North America
- S.
- Canada
- Europe
- K.
- Germany
- Italy
- France
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East Africa
- Saudi Arabia
- South Africa
Key Companies profiled:
- ABB Ltd.
- Yaskawa Electric Corporation
- Mitsubishi Electric Corporation
- Nachi-Fujikoshi Corp.
- Comau SpA
- KUKA AG
- Fanuc Corporation
- Denso Corporation
- Kawasaki Heavy Industries, Ltd.
- Omron Corporation
Key Companies Insights
- November 2022, Epson America, Inc. announced the expansion of the VT6L-Series through the launch of the VT6L-DC All-in-One 6-Axis Robot. The newly launched product is ideal for mobile solutions and delivers next-level technology that helps to improve operational efficiency.
- September 2022, Doosan Robotics partnered with Industrial Automation Supply to be its reseller partner in the northeast U.S. Such partnerships help increase the potential market for companies in the industry.
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