Industrial Robots Market Size, Share & COVID-19 Impact 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

The global industrial robots market size was valued at USD 16.78 billion in 2022. The market 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.

An industrial robot is a sort of mechanical equipment that is fed data and is programmed to execute activities linked to industry production automatically. These robots can be programmed, and the program may be modified as many times as required, depending on the application. Industrial robots aid in improving productivity while lowering costs and generating high-quality goods in automation applications. Drives, end-effectors, robotic manipulators, sensors, and controls make up the majority of robots. The robotic controller is the robot's brain that aids in the delivery of commands. Microphones and cameras are used as robot sensors to keep the robot aware of the industrial surroundings.

The robotic manipulator is the robot arms that assists the robot in moving and positioning, while the end effectors assist the robot in engaging with the workpieces. Cartesian, collaborative, SCARA, articulated, cylindrical robots are types of robots utilized in the industry. The degree of freedom of movement, size requirements, and payload capacity all influence the type of robot chosen. These equipment aid in the optimization of production processes for a healthy and efficient outcome.

COVID-19 IMPACT

Positive Surge in Demand for Industrial Robots During COVID-19 Pandemic Owing to Rising Need for Synchronization

The continuing shift from manual to automated operations is driving up the demand for these systems. The synchronization of management, production, and control is critical to the seamless operation of an industry's workflow. During the manufacturing of robots, however, interruption and inefficiency in any of these roles might impede operations and product quality. In such a situation, robotic technology is gaining traction since it streamlines procedures and improves workflow efficiency. Due to the growth of small and medium-sized businesses, increased expenditures on automation across sectors and strict regulatory rules governing the handling of dangerous chemicals and goods, the need for robots is speeding up.

Similarly, these robots aid in high-payload lifting during vehicle production and machinery customization. The rise of smart factories will expand market opportunities. Furthermore, factors such as increased public awareness of industrial accidents, expanding consumer goods demand, and employee safety are all contributing to the market growth. Several manufacturers are concentrating their investment in the research & development to bring new technological advancements such as artificial intelligence and build advanced sensors in these systems, which will boost the industrial robots market growth. Venture investors are taking notice of market changes and are eager to invest in companies that develop, test, and produce robots.

Furthermore, manufacturers are pursuing different business strategies such as mergers, acquisitions, and cooperation to broaden their global reach and meet market capitalization. For instance, in June 2022, ABB launched a new next generation robot namely as OmniVance Flex Arc, and OmniVance machining cell. It offers high durable solution, and capable to operate up to 20,000 hours in extremely harsh condition. It having features such as small in space, easy to use, robust, and flexible.

LATEST TRENDS

Rise in the Logistics Sector is Expected to Aid the Market Growth

Consumers' increasing preference for purchasing online is helping the e-commerce business. The integration of automated robotic systems is becoming a priority for distribution centers, merchants, warehouses, and facility owners. The goal is to deliver on time, save money on labor, and improve efficiency and production at every step. This is one of the most important considerations for the deployment of these systems. Many firms are also creating interesting solutions throughout the whole logistics value chain, such as self-driving trucks, intelligent warehouses, and service robots. Such factors boost the growth of the global market.

DRIVING FACTORS

Increase in Investments across Industries to Drive the Growth of the Market

An increasing demand for these robots in industries such as automotive, pharmaceuticals, consumer electronics, packaging, and equipment. This need, however, is predicted on the sort of robot that they need to place throughout their locations to harness industrial activity and cut costs. Players in the consumer electronics industry, for example, could deploy collaborative robots at a faster rate to increase production flexibility.

As a result, there are significant investments being made in the business, which is increasing the need for these robots. For example, Nissan Motor purchased two lines of UR10 collaborative robots that is arms for its Yokohama facility from Universal Robots in order to cut labor costs while maintaining the efficiency of manufacturing procedures such as Takt Time. Similarly, pharmaceuticals, consumer electronics, & industrial companies all have a stake in the market which has contributed to the robot market size.

RESTRAINING FACTORS

High Costs of Investments at Initial Stage and Maintenance to Hinder the Market Growth

For organizations with little or no relevant expertise, the initial investment necessary might be difficult. Procurement, integration, programming, accessories, and maintenance, among other things, necessitate a large capital investment. This might stifle market expansion. Due to low-volume manufacturing and a poor return on investment, small and medium businesses also find it difficult to park large sums of money (ROI).

Moreover, the recent collapse of the COVID-19 pandemic is having a significant influence on the market. The quick shutdown of different industrial units and businesses has impacted overall production and supply networks significantly. Industrial robot makers, on the other hand, are projected to see a boost in sales and overcome the obstacles following the pandemic.

SEGMENTATION

By Robot Type Analysis

Articulated Robots Segment to Show a Higher Growth Rate Due to Growing Penetration

Based on robot type, the market is divided into SCARA, articulated, cartesian/linear, cylindrical, parallel, and others.

The articulated robots segment dominates the market along with highest CAGR during the forecast period.

Articulated robot has the largest global industrial robots market share with a highest growth rate, due to its ability to conduct exact motions repeatedly, which is used in applications such as material handling, assembly, and others. The employment of articulated robots in food and beverage, pharmaceuticals, and autos, increasing the global market size.

Due to its construction built to accomplish duties in a hostile environment, SCARA and cylindrical robots are predicted to expand significantly throughout the projection period. Furthermore, they conduct a variety of selective and repetitive tasks, such as pick and place, sorting, prescription medicine dispensing, and tiny part assembly, all with a short cycle time. An adoption of industrial robots surge in end users such as food and beverage, automotive, and industrial industries, driving the demand for these systems.

Cartesian/linear and parallel robots are expected to see significant expansion in the future years as warehouses, distribution centers, and manufacturing industries become more automated.

The others segment consists of delta robots, which is expected to exhibit decent growth over the forecast period. This is due to the increasing demand from food processing, medical & pharmaceutical, and logistics sectors.

By Application Analysis

Material Handling Segment to Grow Rapidly During the Forecast Period Impelled by Rising Demand from Pharmaceutical Sector

Based on application, the market is classified into welding & soldering, pick & place, assembling, material handling, cutting & processing, and others.

Material handling is likely to see progress during the forecast period due to demand from the food and beverage, pharmaceutical, and electrical and electronics industries. Furthermore, as certain chemicals are concentrated and transport hazardous compounds, material handling plays a key role in the chemical and pharmaceutical industries. In such a situation, robots are frequently used to decrease accidents and maintain staff safety.

During the forecast period, assembly, welding & soldering and pick and place applications are likely to have a significant increase. A surge in the automotive, metal industrial, electrical, and electronic industries, where bespoke spare parts are built and placed in the completed product, is expected to boost growth.

With the rising trend of automotive personalization and the increased focus on precision cutting across many applications, the cutting and processing industry is likely to rise significantly in the future years.

The others segment consists of painting and others. Painting robots are projected to exhibit decent growth. This is due to rise in demand from automotive, glass, aerospace, smartphones, shipyards, and household products industries.

By Industry Analysis

Demand Across Healthcare & Pharmaceutical Sectors to Develop Rapidly Owing to Increasing Usage in Medical Operations

Based on industry, the market is segregated into electrical & electronics, automotive, food & beverages, healthcare & pharmaceutical, metals & machinery, rubber & plastic, and others.

The healthcare & pharmaceutical segment is predicted to develop rapidly. The expanding trend of combining robots and humans to conduct diverse medical tasks is expected to fuel growth. This involves supporting surgeons with surgeries, which are usually less invasive. These robots use powerful 3DHD technology to provide the operator with the spatial references needed for very intricate operations. Furthermore, speed and precision are important attributes for rising industrial robot deployments. At testing labs and production companies, these robots can handle liquids, powder, and even viscous materials.

Due to the huge growing move from manual to electric vehicles, the automotive industry is predicted to develop quickly. Furthermore, regulatory authorities' growing worries about reducing emissions compel manufacturers to lower vehicle weight in order to meet emission regulations. In addition, major countries such as Germany, the U.K., the U.S., and China are focusing on extending their manufacturing units across borders to fulfill increased demand.

With increasing integration of robotics for handling delicate semiconductors, uncertain chemicals in research & development centers, and other applications, the metals & machinery, electrical & electronics, and food & beverage segments are expected to grow significantly in the future. In addition, with the increased need for specialized and modified machinery, industrialization has picked up speed in recent years. To withstand the enormous strain in operations, these machines require precise soldering & welding.

The others segment includes construction, defense, and logistics industry. A growing focus of construction organizations on reducing building materials waste, and labor resources, which increases the adoption of these systems in the construction sector, is expected to fuel the market growth.

REGIONAL INSIGHTS

The report's scope comprises five major regions, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Asia Pacific is expected to dominate the worldwide market during the forecast period. Rising automation, particularly in Japan, China, and India, is expected to fuel growth in the area. Furthermore, as the population and disposable income of people rise, so does the demand for consumer goods and other items, resulting in increased production capacity, which adds to the growth of this industry. Similarly, there is a growing need for bespoke machinery and autos, which necessitates high accuracy and rapid manufacturing capacity. The use of robots in industrial applications is increasing in order to keep up with demand, further increasing the global market share.

China to Dominate the Market Attributed to Adoption of Technological Advanced Industrial Robots in Various End User Industries

China is projected to dominate the market in Asia Pacific in 2022, owing to increasing labor costs in the Asia pacific, which in turn, surge in the automation in the industrial facilities. Also, by end of 2022, an increasing adoption of automation technology in China, Taiwan, and Thailand, which driving the growth of the market. Additionally, Asia Pacific dominates the market in the global market, owing to factors such as shortage of labors, cheap manufacturing costs, and government investment in the automation technologies, are the push factors for the market growth.

North America is predicted to rise significantly as the worldwide market is driven by the advent of smart factories and industry 4.0, resulting in increased demand for customized and small robotic systems. Furthermore, as the manufacturing process is hastened and production capacity is increased, producers get an early return on investment (ROI).

Manufacturers are working on creating and adopting collaborative robots in Europe, which is likely to exhibit significant growth in the future years as the up-gradation of industrial operations is at an all-time high in this area. These robots are particularly built to operate with people and are equipped with advanced sensors that allow them to recognize and interact with them. This sort of robot is employed to do heavy-duty tasks.

The Middle East & Africa and Latin America are expected to show substantial growth in the near future. The growth is attributed to the supply of the bulk of these robots from the automotive industry. This has prompted businesses in the electronics, food, and beverage, and aerospace industries to use robots for a variety of tasks. In recent years, corporations, such as Philips, Ford, GM, and Nestle, have introduced robotic work cells. In April 2021, Accenture purchased Pollux, a Brazilian firm that specializes in robots and automation solutions, to strengthen its digital manufacturing, operations, and supply chain capabilities. Furthermore, the increased utilization of robots is fueling the growth of this market in Brazil.

KEY INDUSTRY PLAYERS

Key Players Focus on Upgrading Existing Technology and Geographical Expansion Strategies 

Key players such as Kawasaki Heavy Industries, KUKA AG, and others are concentrating on introducing its product streamlined with innovative technologies to gain recognition in the global market. For instance, in February 2021, ABB is planning to expand its existing cobot portfolio by introducing the new GoFa and SWIFT cobot families to offer higher payloads and speeds. Also, owing to the growing need for robotics technology, the players are emphasizing reaching out to various industries across the potential geographies to uplift their customer base and presence. Apparently, Fanuc Corporation invested USD 240 million to expand its business presence in Shanghai (China) with the expectation to maintain its high-edge competition in the China market.

LIST OF KEY COMPANIES PROFILED:

• 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)

KEY INDUSTRY DEVELOPMENTS:

• July 2022:- 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.


• July 2022: - 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.


• March 2022: - 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. 


• March 2021:- 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.


• March 2020: -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.


• February 2020: - 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.

REPORT COVERAGE

The report provides detailed information regarding various insights into the industry. Some of them are growth drivers, restraints, competitive landscape, regional analysis, and challenges. It further offers an analytical depiction of the market trends and estimations to illustrate the forthcoming investment pockets. The market is quantitatively analyzed from 2023 to 2030 to provide financial competency. The information gathered in the report has been taken from several primary and secondary sources.

Report Scope and Segmentation

ATTRIBUTE	DETAILS
Study Period	2019 - 2030
Base Year	2022
Estimated Year	2023
Forecast Period	2023-2030
Historical Period	2019-2021
Growth Rate	CAGR of 12.3% from 2023 to 2030
Unit	Value (USD Billion), and Volume (Thousand Units)
Segmentation	By Robot Type Articulated SCARA Cylindrical Cartesian/Linear Parallel Others (Collaborative, etc.) By Application Pick & Place Welding & Soldering Material Handling Assembling Cutting & Processing Others (Painting, etc.) By Industry Automotive Electrical & Electronics Healthcare & Pharmaceutical Food & Beverages Rubber & Plastic Metals & Machinery Others (Construction, Defense, etc.) By Region 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