Industrial Robotics Market was valued at USD 47.33 Billion in 2022, and is expected to reach USD 103.34 Billion by 2029, exhibiting a CAGR of 11.8 % during the forecast period (2023-2029)
Industrial Robotics Market Overview:
The Industrial Robotics Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Industrial Robotics Market, as well as the causes for variances in the industry’s growth in various places.
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Industrial Robotics Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Industrial Robotics Market Drivers:
The Companies have started focusing on automation of operational processes to reduce cost, save time, deliver high-quality products, and increase productivity to meet the stiff competition. And the report has analysed and has covered the direct positive impact of top line of the companies, which have implemented industrial robotics solution partially or fully. The report will give the penetration of industrial robotics in each industry by countries covered.
Industrial robots automate the internal processes and reduce workload of employees by working in collaboration with workers for better efficiency. They are used in the manufacturing industry for raw material handling and finished product packing; in factories for spot welding, arc welding, and extracted die castings; and in infrastructure and logistics for project monitoring and reducing human labor. Several companies concentrate on deploying industrial robots for dangerous and hazardous environmental tasks, owing to stringent safety regulations. Escalating need for automation across various industries drives the global industrial robotics market.
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Industrial Robotics Market Segmentation:
by Type
1. Articulated
2. Cartesian
3. SCARA
4. Cylindrical
5. Others
by Function
1. Automotive
2. Electrical & Electronics
3. Chemical, Rubber & Plastics
4. Machinery
5. Metals
6. Food & Beverages
7. Precision & Optics
8. Others
by End-Use Industry
1. Soldering & Welding
2. Materials Handling
3. Assembling & Disassembling
4. Painting & Dispensing
5. Milling, Cutting, & Processing
6. Others
Industrial Robotics Market Key Players: The key players are
1. Daihen Corporation
2. Denso Corporation
3. Epson America, Inc.
4. Fanuc Ltd.
5. Kawasaki Heavy Industries Ltd.
6. KUKA Robotics Corporation
7. Mitsubishi Electric Corporation
8. Nachi Robotic Systems, Inc.
9. Panasonic Corporation
10. Universal Robotics
11. Yaskawa Electric Corporation
12. ABB Ltd.
13. Robofusion
14. Kobelco Paint Robot
15. Kobe Steel Limited
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Industrial Robotics market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
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Key Questions Answered in the Industrial Robotics Market Report are:
- Which sub-segment had the largest share in the Industrial Robotics market?
- How is the competitive landscape of the Industrial Robotics market in 2023?
- Which are the key drivers impacting the Industrial Robotics market growth?
- Which region holds the maximum share in the Industrial Robotics market?
- What will be the CAGR of the Industrial Robotics market during the forecast period (2023-2029)?
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