Industrial Robotics Market

Industrial Robotics Market by Type (Articulated Robots, Collaborative Robots), Application (Handling, Processing, Dispensing), Industry (Automotive, Electrical & Electronics, Metals & Machinery, Food & Beverages) and Geography - Global Forecast to 2024

Report Code: SE 2733 Oct, 2019, by marketsandmarkets.com

[208 Pages Report] MarketsandMarkets forecasts the industrial robotics market size (including the prices of peripherals, software, and system engineering) to grow from USD 48.7 billion in 2019 to USD 75.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period. Technological advancements and decreasing costs are making industrial robots more affordable to SMEs and are enabling seamless integration and programming. Shortage of labor and increasing manufacturing requirements is driving the need and acceptance for automation. Rising penetration of collaborative robots in various industries is another factor driving the market. The objective of the report is to define, describe, and forecast the market size based on type, payload, application, industry, and region.

Industrial Robotics Market

Traditional industrial robots to hold a larger market share in 2019

Traditional industrial robots or manufacturing robots such as articulated robots, delta robots, and Cartesian robots have been in the market for more than 50 years. In comparison, collaborative robots have only started to gain market share during the last decade. The automotive, electronics, and metal industries account for the major clients for the deployment of traditional industrial robots due to their high volume of production. As long as these industries continue to thrive, traditional industrial robots will hold a majority share of the market. Collaborative robots, simply do not have the speed, accuracy, reach, and payload capacity when compared to traditional industrial robots and, therefore, are not the optimal choice in many cases.

Industrial robotics market for processing application to grow at highest CAGR during the forecast period

As less number of workers are inclined to perform hazardous jobs in processing such as grinding and milling, manufacturers are looking into automation. With advances in software, force/torque sensors, and end-effectors, manufacturers are heavily automating these tasks using robots. Repetitive and strenuous tasks such as surface polishing can be automated for consistent results. Advances in features such as wear and tear compensation of tools are enabling easier programming and deployment of robots for such tasks. Automation in processing applications will significantly minimize the exposure to harmful particulates such as metal dust to factory workers.

Industrial Robotics Market

Industrial robotics market in APAC is expected to maintain the highest share during 2019–2024

Although APAC held the largest share in 2018, it lost its share to other regions compared to the previous year. A decrease in sales of industrial robots in countries like China due to the falling demand from the automotive sector and the effects of the US-China trade war is mainly responsible for the slowdown. As a result, major industrial robot manufacturers posted a lower than expected growth and revenue for the year ending 2018. However, APAC remains a significant market for industrial robots and is expected to hold the largest share during the forecast period. 

Industrial Robotics Market : Market Dynamics

Driver: Growing demand for collaborative robots across all industry segments

Collaborative robots enable humans and robots to work together effectively in open or uncaged environments. By using collaborative robots, a human operator and robot can be engaged together in the same process or the operator can simultaneously handle other tasks that might better be solved by a person. The ISO 10218 and ISO/TS 15066 technical specifications define the standards for the design of collaborative robots. Collaborative robots are designed with safety in mind so that there is no risk of injuries and damages. The absence of cages reduces the space required for deploying robots. Collaborative robots are becoming more affordable and easier to program for novice users. For instance, Universal Robots (Denmark) provides the UR+ platform to enable users to program the robot and use various robot end effectors, vision systems, and add-on software from other manufacturers, including Robotiq (Canada), Schunk (Germany), PIAB (Germany), OnRobot (Denmark), Cognex (US), and Energid (US). The peripherals and software offered by these companies are UR+ certified to minimize compatibility issues with robots manufactured by Universal Robots (Denmark).

Restraint: High cost of deployment, especially for SMEs

A robot automation project can be challenging, especially for companies with no prior experience. High capital expenditure is required, not only for the purchase of the robot, but also for integration, programming, and maintenance. In some cases, a custom integration may be required, which can further drive up the overall cost. Companies may not always have the necessary space and infrastructure for deployment of robots. As SMEs are generally engaged in low-volume production, return on investment (ROI) can be a challenge. The existence of companies involved in seasonal or inconstant production schedules further exemplifies the issue. Fast-changing consumer preferences will require frequent reprogramming of robots as products have to be updated yearly on an average. Over-automation can also be problematic. For instance, the US automotive industry initially employed a higher degree of automation compared to Japanese counterparts. This led to cost overruns, as product lines and consumer demand quickly changed over time and many robots became unnecessary or obsolete.

Opportunity: Increasing automation in the electronics industry

For many years, the automotive sector has been the primary driver of robot sales for manufacturing activities. This dominance is shifting rapidly. As per our findings, the growth of the industrial robotics market for the electronics industry is now higher than for the automotive industry. In a few years, robot automation is expected to become a profitable proposition for the electronics industry with increasingly tight profit margins. Customizability is becoming a norm in this industry. The automotive industry has long made provisions in its automation process to build cars to individual requirements and preferences. However, the same has not been the case for the electronics industry, which has traditionally engaged in high volume and mass production of smartphones, laptops, PC peripherals, and printed circuit boards (PCBs).

Challenge: Interoperability and integration issues with industrial robots

Interoperability is an important function in any factory or manufacturing unit. There must exist a modular framework for both hardware and software to connect and coordinate various automation systems. The focus here is on the software side, which is used for programming, diagnosing, and monitoring. It is not uncommon for industries to use robot arms from different manufacturers. Companies may also need to reprogram robots due to a change in production and demand or to accommodate different parts such as vision systems and end effectors. It is the responsibility of the integrator, rather than the manufacturer or end user, to decide on the implementation and set up or programming of the robot. Interoperability issues present a big challenge, especially to SMEs, due to their unique requirements and lack of personnel to set up a complex automation setup.

Industrial Robotics Market

Scope of the Report

Report Metric

Details

Market size available for years

2016–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD) and Volume (Units)

Segments covered

Type (Articulated Robots, SCARA Robots, Cartesian/Linear/Gantry Robots, Parallel/Delta Robots, Cylindrical Robots, Spherical Robots, Swing-arm Robots, and Collaborative Robots), Payload, Application, Industry, and Region

Geographies covered

North America, Europe, APAC, and RoW

Companies covered

ABB (Switzerland), YASKAWA (Japan), FANUC (Japan), KUKA (Germany), Mitsubishi Electric (Japan), Kawasaki Heavy Industries (Japan), DENSO (Japan), NACHI-FUJIKOSHI (Japan), EPSON (Japan), Dόrr (Germany), Universal Robots (Denmark), Omron Adept (US), b+m Surface Systems (Germany), Stδubli (Switzerland), Comau (Italy), Yamaha (Japan), IGM (Austria), ST Robotics (US), Franka Emika (Germany), CMA Robotics (Italy), Delta Electronics (Taiwan), Rethink Robotics (Germany), Techman Robots (Taiwan), Precise Automation (US), and Siasun (China)

The research report categorizes the Industrial Robotics Market to forecast the revenues and analyze the trends in each of the following sub-segments:

Industrial Robotics Market, By Type

  • Traditional Industrial Robots (Articulated, SCARA, Parallel/Delta, Cartesian/Linear/Gantry, Cylindrical, Spherical, and Swing-arm robots)
  • Collaborative Industrial Robots

Industrial Robotics Market, By Payload

  • Up to 16.00 Kg
  • 16.01–60.00 Kg
  • 60.01–225.00 Kg
  • More Than 225.00 Kg

Industrial Robotics Market, By Application

  • Handling (Pick and Place, Material Handling, Packaging and Palletizing, Machine Tending, and Clean Room Applications)
  • Assembling & Disassembling (Screw Driving and Nut Fastening)
  • Welding & Soldering (Laser Welding, Arc Welding, Gas Welding, Spot Welding, and Soldering)
  • Dispensing (Gluing, Painting, and Food & Beverages)
  • Processing (Grinding and Polishing; Milling; and Cutting)
  • Others (Inspection & Testing and Die-casting & Molding)

Industrial Robotics Market, By Industry

  • Automotive
  • Electrical & Electronics
  • Metals & Machinery
  • Plastics, Rubber, & Chemicals
  • Food & Beverages
  • Precision Engineering & Optics
  • Pharmaceuticals & Cosmetics
  • Others (Oil & gas; paper & printing; foundry & forging; ceramics & stone; construction; and wood)

Industrial Robotics Market, By Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • RoW

Major Components of Industrial Robots (Qualitative)

  • Robotic Arm
  • End Effector or End of Arm Tool (EOAT)
    • Welding Guns
    • Grippers
      • Mechanical
        • Hydraulic
        • Pneumatic
        • Vacuum
      • Electrical
      • Magnetic
    • Vacuum Cups
    • Clamps
    • Tool Changers
    • Others
    • Drive
      • Hydraulic
      • Pneumatic
      • Electric
    • Controllers
    • Sensors
    • Power Supply
    • Motors
    • Others

Industrial Robotics Market : Key Market Players

ABB (Switzerland), YASKAWA (Japan), FANUC (Japan), KUKA (Germany), Mitsubishi Electric (Japan), Kawasaki Heavy Industries (Japan), DENSO (Japan), NACHI-FUJIKOSHI (Japan), EPSON (Japan), Dόrr (Germany), Universal Robots (Denmark), Omron Adept (US), b+m Surface Systems (Germany), Stδubli (Switzerland), Comau (Italy), Yamaha (Japan), IGM (Austria), ST Robotics (US), Franka Emika (Germany), CMA Robotics (Italy), Delta Electronics (Taiwan), Rethink Robotics (Germany), Techman Robots (Taiwan), Precise Automation (US), Siasun (China), Carbon Robotics (US), Dahl Automation GmbH (Germany), Empire Robotics (US), Gimatic Srl (Italy), Hanwha Precision Machinery (South Korea), HumaRobotics (France), iCobots (Israel), Industrial Vision Systems (UK), J. Schmalz GmbH (Germany), Life Robotics (Japan), and micropsi industries GmbH (Germany).

YASKAWA (Japan) is one of the key players in the industrial robotics market. YASKAWA is engaged in the manufacture, sale, installation, maintenance, and engineering of mechatronics products. It operates in four primary business segments that include Motion Control, Robotics, System Engineering, and Other. The Robotics segment is responsible for supplying articulated robots for various applications that include welding, assembly, palletizing, machining, deburring, and painting. The company offers both traditional as well as collaborative industrial robots, which includes articulated and parallel robots. The payload capacity of robots offered range anywhere from 0.5 Kg to 900 Kg. These line-up of robots are offered under the MOTOMAN brand. YASKAWA has established a business operation in 30 countries and has production facilities in 12 countries around the world. The company has subsidiaries at major countries across North America, Europe, APAC, Middle East, Africa, and South America. Some of the major subsidiaries of YASKAWA are YASKAWA Electric (China) Co., Ltd. (China), YASKAWA Europe GmbH (Germany), YASKAWA America, Inc. (US), and YASKAWA Electric India Pvt. Ltd. (India).

Industrial Robotics Market : Recent Developments

  • In October 2019, ABB (Switzerland) announced a USD 150 million investment in Shanghai, China to build an advanced robotics factory for the manufacture of robots. The factory is expected to be operational by the end of 2020.
  • In September 2018, YASKAWA (Japan) launched the heavy-duty MH900 6-axis articulated robot with a 900 Kg payload capacity with large horizontal and vertical reach, suited for heavy material handling applications. The company also added 10 new robots to the GP series and newly introduced AR series robots for high-speed welding.
  • In July 2018, Mitsubishi Electric (Japan) announced the collaboration between its subsidiaries in China with the Instrumentation Technology and Economy Institute (China) to support the Made in China 2025 program.
  • In May 2018, Universal Robots A/S extended its distribution partner network in Malaysia by partnering with Bizit Systems, Multitrade Asiapac, Servo Dynamics, and T. E. M. Engineering.
  • In July 2017, Rethink Robotics expanded the reach of its co-bots by signing deals with 9 distribution partners across North America and Europe.

Critical questions the report answers:

  • As new companies enter the market, especially for collaborative robots, who will account for a larger market share in its category?
  • How will the market value and growth of industrial robots change when the process of peripherals, software, and system engineering are taken into account?
  • How will disruptive technologies such as AI, IoT, and 5G change the industrial robotics landscape in the future?
  • In 2018, APAC experienced a slowdown in growth due to a decline of shipment in China. Will other countries in APAC now drive the growth in the region or Europe will outpace APAC in growth?
  • What are the key market dynamics influencing market growth? How will it play into the strength and weaknesses of the company operating in the marketspace?

Customization Options:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Product Analysis
  • Product matrix that gives a detailed comparison of the product portfolio of each company
  • Company Information
  • Detailed analysis and profiling of additional market players (Up to 5).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Content

1 Introduction
    1.1 Objectives of the study
    1.2 Report description
    1.3 Markets covered
    1.4 Stakeholders
    1.5 Market scope

2 Research Methodology
    2.1 Research data
           2.1.1 Secondary and Primary Research
           2.1.2 Secondary Data
           2.1.3 Primary Data
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary

4 Premium Insights

5 Market Overview
    5.1 Market dynamics
           5.1.1 Drivers
           5.1.2 Restraints
           5.1.3 Opportunities
           5.1.4 Challenges
    5.2 Value chain Analysis
    5.3 Technology Trends
           5.3.1 Integration of Vision Systems With Industrial Robots
           5.3.2 Penetration of IIoT and AI in Industrial Manufacturing
           5.3.3 Penetration of 5G in Industrial Manufacturing

6 Industrial Robotics Market, By Type
    6.1 Introduction 
    6.2 Traditional Industrial Robots 
           6.2.1 Articulated Robots
                    6.2.1.1 4-Axis
                    6.2.1.2 5-Axis
                    6.2.1.3 More than 5-Axis and Dual Arm Robots
           6.2.2 SCARA Robots
                    6.2.2.1 3-Axis
                    6.2.2.2 4-Axis
                    6.2.2.3 More than 4-Axis and Dual Arm Robots
           6.2.3 Parallel/Delta Robots
           6.2.4 Cartesian/Gantry/Linear Robots
           6.2.5 Other Robots (Cylindrical robots, Spherical robots, and Swing-arm robots)
    6.3 Collaborative Robots/Human Assistance Robots

7 Industrial Robotics Market, By Payload
    7.1 Introduction
    7.2 Up to 16.00 Kg
    7.3 16.01–60.00 Kg
    7.4 60.01–225.00 Kg
    7.5 More Than 225.00 Kg 

8 Industrial Robotics Market, By Application
    8.1 Introduction
    8.2 Handling
           8.2.1 Pick and Place
           8.2.2 Material Handling
           8.2.3 Packaging and Palletizing
           8.2.4 Machine Tending
           8.2.5 Clean Room Applications
    8.3 Assembling and Disassembling
           8.3.1 Screw Driving
           8.3.2 Nut Fastening
    8.4 Welding and Soldering
           8.4.1 Laser Welding
           8.4.2 Arc Welding
           8.4.3 Gas Welding
           8.4.4 Spot Welding
           8.4.5 Soldering
    8.5 Dispensing
           8.5.1 Gluing
           8.5.2 Painting
           8.5.3 Food & Beverages Dispensing
    8.6 Processing
           8.6.1 Grinding and Polishing
           8.6.2 Milling
           8.6.3 Cutting
    8.7 Others
           8.7.1 Inspection and Quality Testing
           8.7.2 Die-casting and Molding

9 Industrial Robotics Market, By Industry
    9.1 Introduction
    9.2 Automotive
    9.3 Electrical & Electronics
    9.4 Chemical, Rubber, & Plastic
    9.5 Metal & Machinery
    9.6 Food & Beverages
    9.7 Precision Engineering and Optics Industry
    9.8 Pharmaceutical & Cosmetics
    9.9 Others (Paper and printing; foundry and forging; ceramics and stone; and wood)

10 Geographic Analysis
     10.1 Introduction
     10.2 North America 
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 UK
             10.3.2 Germany
             10.3.3 France
             10.3.4 Italy
             10.3.5 Spain
             10.3.6 Rest of Europe
     10.4 APAC
             10.4.1 China
             10.4.2 Japan
             10.4.3 South Korea
             10.4.4 Taiwan
             10.4.5 Thailand
             10.4.6 India
             10.4.7 Rest of APAC
     10.5 RoW
             10.5.1 Middle East and Africa
             10.5.2 South America

11 Major Components of Industrial Robots (Qualitative)
     11.1 Introduction 
     11.2 Robotic Arm
     11.3 End Effector or End of Arm Tool (EOAT)
             11.3.1 Welding Guns
             11.3.2 Grippers
                        11.3.2.1 Mechanical
                                     11.3.2.1.1 Hydraulic
                                     11.3.2.1.2 Pneumatic
                                     11.3.2.1.3 Vacuum
                        11.3.2.2 Electrical
                        11.3.2.3 Magnetic
             11.3.3 Vacuum Cups
             11.3.4 Clamps
             11.3.5 Tool Changers
             11.3.6 Others
     11.4 Drive
             11.4.1 Hydraulic
             11.4.2 Pneumatic
             11.4.3 Electric
     11.5 Controllers
     11.6 Sensors
     11.7 Power Supply
     11.8 Motors
     11.9 Others

12 Competitive Landscape
     12.1 Overview
     12.2 Market Share Analysis
     12.3 Competitive Leadership Mapping
             12.3.1 Visionary Leaders
             12.3.2 Dynamic Differentiators
             12.3.3 Innovators
             12.3.4 Emerging Companies
             12.3.5 Strength of Product Portfolio
             12.3.6 Business Strategy Excellence
     12.4 Competitive Scenario
             12.4.1 Expansions
             12.4.2 Product Launches and Developments
             12.4.3 Acquisitions
             12.4.4 Partnerships, Collaborations, Alliances, and Joint Ventures

13 Company Profiles
     13.1 Key Players
             13.1.1 ABB
             13.1.2 Yaskawa
             13.1.3 Fanuc
             13.1.4 Kuka
             13.1.5 Mitsubishi Electric
             13.1.6 Kawasaki Heavy Industries
             13.1.7 Denso Corporation
             13.1.8 Nachi-Fujikoshi
             13.1.9 Seiko Epson
             13.1.10 Dόrr
     13.2 Other Players
             13.2.1 Universal Robots
             13.2.2 Omron Adept
             13.2.3 B+M Surface Systems
             13.2.4 Stδubli
             13.2.5 Comau
             13.2.6 Yamaha
             13.2.7 IGM
             13.2.8 ST Robotics
             13.2.9 Franka Emika
             13.2.10 CMA Robotics

14 Appendix
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details


List of Tables (149 Tables)

Table 1 Total Size and Shipment for Industrial Robotics Market, in Terms of Value and Volume, 2016–2024
Table 2 Summary of Technology Trends in The Market
Table 3 List of Top Manufacturers of 3D Vision Systems
Table 4 Market (Excluding The Prices of Peripherals, Software, and System Engineering), By Type, 2016–2024 (USD Million)
Table 5 Market, By Type, 2016–2024 (Thousand Units)
Table 6 Market in Terms of Volume, 2016–2024 (Thousand Units)
Table 7 Market (Including The Prices of Peripherals, Software, and System Engineering) for Traditional Robots, By Type, 2016–2024 (USD Billion)
Table 8 Market (Excluding The Prices of Peripherals, Software, and System Engineering) for Traditional Robots, By Type, 2016–2024 (USD Million)
Table 9 Market for Traditional Robots, By Type, 2016–2024 (Units)
Table 10 Articulated Robots: Summary Table
Table 11 Market (Including The Prices of Peripherals, Software, and System Engineering) for Articulated Robots, By Application, 2016–2024 (USD Billion)
Table 12 Industrial Robotics Market for Articulated Robots, By Application, 2016–2024 (Thousand Units)
Table 13 Market for Articulated Robots, By Industry, 2016–2024 (USD Million)
Table 14 Market for Articulated Robots, By Industry, 2016–2024 (Units)
Table 15 SCARA Robots: Summary Table
Table 16 Industrial Robotics Market (Including The Prices of Peripherals, Software, and System Engineering) for SCARA Robots, By Application, 2016–2024 (USD Million)
Table 17 Market for SCARA Robots, By Application, 2016–2024 (Units)
Table 18 Market for SCARA Robots, By Industry, 2016–2024 (USD Million)
Table 19 Market for SCARA Robots, By Industry, 2016–2024 (Units)
Table 20 Parallel Robots: Summary Table
Table 21 Market (Including The Prices of Peripherals, Software, and System Engineering) for Parallel Robots, By Application, 2016–2024 (USD Million)
Table 22 Market for Parallel Robots, By Application, 2016–2024 (Units)
Table 23 Market for Parallel Robots, By Industry, 2016–2024 (USD Million)
Table 24 Market for Parallel Robots, By Industry, 2016–2024 (Units)
Table 25 Cartesian Robots: Summary Table
Table 26 Market (Including The Prices of Peripherals, Software, and System Engineering) for Cartesian Robots, By Application, 2016–2024 (USD Million)
Table 27 Market for Cartesian Robots, By Application, 2016–2024 (Units)
Table 28 Market for Cartesian Robots, By Industry, 2016–2024 (USD Million)
Table 29 Market for Cartesian Robots, By Industry, 2016–2024 (Units)
Table 30 Cylindrical Robots: Summary Table
Table 31 Spherical Robots: Summary Table
Table 32 Swing-Arm Robots: Summary Table
Table 33 Industrial Robotics Market (Including The Prices of Peripherals, Software, and System Engineering) for Other Robots, By Application, 2016–2024 (USD Million)
Table 34 Market for Other Robots, By Application, 2016–2024 (Units)
Table 35 Market for Other Robots, By Industry, 2016–2024 (USD Million)
Table 36 Market for Other Robots, By Industry, 2016–2024 (Units)
Table 37 Collaborative Industrial Robots: Summary Table
Table 38 Market for Collaborative Robots, in Terms of Value and Volume, 2016–2024
Table 39 Market (Excluding The Prices of Peripherals, Software, and System Engineering), By Payload, 2016–2024 (USD Million)
Table 40 Market for Payload Capacity Up to 16.00 Kg, By Type, 2016–2024 (USD Million)
Table 41 Market for Payload Capacity of 16.01–60.00 Kg, By Application, 2016–2024 (USD Million)
Table 42 Market for Payload Capacity of 16.01–60.00 Kg, By Type, 2016–2024 (USD Million)
Table 43 Industrial Robotics Market for Payload Capacity of 60.01–225.00 Kg, By Application, 2016–2024 (USD Million)
Table 44 Market for Payload Capacity of 60.01–225.00 Kg, By Type, 2016–2024 (USD Million)
Table 45 Market for Payload More Than 225.00 Kg, By Application, 2016–2024 (USD Million)
Table 46 Market for Payload More Than 225.00 Kg, By Type, 2016–2024 (USD Million)
Table 47 Market, By Application, 2016–2024 (Units)
Table 48 Market (Excluding The Prices of Peripherals, Software, and System Engineering), By Application, 2016–2024 (USD Million)
Table 49 Industrial Robotics Market (Including Prices of Peripherals, Software, and System Engineering) for Traditional Robots, By Application, 2016–2024 (USD Million)
Table 50 Market for Traditional Robots, By Application, 2016–2024 (Thousand Units)
Table 51 Market for Collaborative Robots, By Application 2016–2024 (USD Million)
Table 52 Market for Collaborative Robots, By Application 2016–2024 (Units)
Table 53 Market for Handling Application, By Robot Type, 2016–2024 (Units)
Table 54 Traditional Industrial Robotics Market for Handling Application, By Robot Type, 2016–2024 (Units)
Table 55 Market (Excluding Prices of Peripherals, Software, and System Engineering) for Handling Application, By Robot Type (USD Million)
Table 56 Market for Handling Application, By Payload (USD Million)
Table 57 Market for Assembling and Disassembling Application, By Robot Type, 2016–2024 (Units)
Table 58 Traditional Industrial Robotics Market for Assembling and Disassembling Application, By Robot Type, 2016–2024 (Units)
Table 59 Market (Excluding Prices of Peripherals, Software, and System Engineering) for Assembling and Disassembling Application, By Robot Type, 2016–2024 (USD Million)
Table 60 Market for Assembling and Disassembling Application, By Payload, 2016–2024 (USD Million)
Table 61 Market for Welding and Soldering Application, By Robot Type, 2016–2024 (Units)
Table 62 Traditional Industrial Robotics Market for Welding and Soldiering Application, By Robot Type, 2016–2024 (Units)
Table 63 Industrial Robotics Market (Excluding Prices of Peripherals, Software, and System Engineering) for Welding and Soldering Application, By Robot Type, 2016–2024 (USD Million)
Table 64 Market for Welding and Soldering Application, By Payload, 2016–2024 (USD Million)
Table 65 Market for Dispensing Application, By Robot Type, 2016–2024 (Units)
Table 66 Traditional Industrial Robotics Market for Dispensing Application, By Robot Type, 2016–2024 (Units)
Table 67 Market (Excluding Prices of Peripherals, Software, and System Engineering) for Dispensing Application, By Robot Type, 2016–2024 (USD Thousand)
Table 68 Market for Dispensing Application, By Payload, 2016–2024 (USD Thousand)
Table 69 Market for Processing Application, By Robot Type, 2016–2024 (Units)
Table 70 Traditional Industrial Robotics Market for Processing Application, By Robot Type, 2016–2024 (Units)
Table 71 Market (Excluding Prices of Peripherals, Software, and System Engineering) for Processing Application, By Robot Type, 2016–2024 (USD Thousand)
Table 72 Market for Processing Application, By Payload, 2016–2024 (USD Thousand)
Table 73 Market for Other Applications, By Robot Type, 2016–2024 (Units)
Table 74 Traditional Industrial Robot Market for Other Applications, By Robot Type, 2016–2024 (Units)
Table 75 Industrial Robotics Market (Excluding Prices of Peripherals, Software, and System Engineering) for Other Applications, By Robot Type, 2016–2024 (USD Million)
Table 76 Market for Other Applications, By Payload, 2016–2024 (USD Million)
Table 77 Market, By Industry, 2016–2024 (USD Million)
Table 78 Market, By Industry, 2016–2024 (Units)
Table 79 Market for Traditional Robots, By Industry, 2016–2024 (USD Million)
Table 80 Market for Traditional Robots, By Industry, 2016–2024 (Units)
Table 81 Market for Collaborative Robots, By Industry, 2016–2024 (USD Million)
Table 82 Market for Collaborative Robots, By Industry, 2016–2024 (Units)
Table 83 Traditional Industrial Robotics Market for Automotive Industry, By Region, 2016–2024 (Units)
Table 84 Traditional Industrial Robotics Market for Automotive Industry in North America, By Country, 2016–2024 (Units)
Table 85 Traditional Industrial Robotics Market for Automotive Industry in Europe, By Country, 2016–2024 (Units)
Table 86 Traditional Industrial Robotics Market for Automotive Industry in APAC, By Country, 2016–2024 (Units)
Table 87 Traditional Industrial Robotics Market for Automotive Industry in RoW, By Region, 2016–2024 (Units)
Table 88 Traditional Industrial Robotics Market for Electrical & Electronics Industry, By Region, 2016–2024 (Units)
Table 89 Traditional Industrial Robotics Market for Electrical and Electronics Industry in North America, By Country, 2016–2024 (Units)
Table 90 Traditional Industrial Robotics Market for Electrical and Electronics Industry in Europe, By Country, 2016–2024 (Units)
Table 91 Traditional Industrial Robots Market for Electrical and Electronics Industry in APAC, By Country, 2016–2024 (Units)
Table 92 Traditional Industrial Robots Market for Electrical and Electronics Industry in RoW, By Region, 2016–2024 (Units)
Table 93 Traditional Industrial Robots Market for Metals & Machinery Industry, By Region, 2016–2024 (Units)
Table 94 Traditional Industrial Robots Market for Metals and Machinery Industry in North America, By Country, 2016–2024 (Units)
Table 95 Traditional Industrial Robotics Market for Metals and Machinery Industry in Europe, By Country, 2016–2024 (Units)
Table 96 Traditional Industrial Robots Market for Metals and Machinery Industry in APAC, By Country, 2016–2024 (Units)
Table 97 Traditional Industrial Robots Market for Metals and Machinery Industry in RoW, By Region, 2016–2024 (Units)
Table 98 Traditional Industrial Robots Market for Plastics, Rubber, & Chemicals Industry, By Region, 2016–2024 (Units)
Table 99 Traditional Industrial Robotics Market for Plactics, Rubber, & Chemicals Industry in North America, By Country, 2016–2024 (Units)
Table 100 Traditional Industrial Robots Market for Plactics, Rubber, & Chemicals Industry in Europe, By Country, 2016–2024 (Units)
Table 101 Traditional Industrial Robots Market for Plactics, Rubber, & Chemicals Industry in APAC, By Country, 2016–2024 (Units)
Table 102 Traditional Industrial Robots Market for Plactics, Rubber, & Chemicals Industry in RoW, By Region, 2016–2024 (Units)
Table 103 Traditional Industrial Robots Market for Food & Beverages Industry, By Region, 2016–2024 (Units)
Table 104 Traditional Industrial Robots Market for Food & Beverages Industry in North America, By Country, 2016–2024 (Units)
Table 105 Traditional Industrial Robots Market for Food & Beverages Industry in Europe, By Country, 2016–2024 (Units)
Table 106 Traditional Industrial Robots Market for Food & Beverages Industry in APAC, By Country, 2016–2024 (Units)
Table 107 Traditional Industrial Robots Market for Food & Beverages Industry in RoW, By Region, 2016–2024 (Units)
Table 108 Traditional Industrial Robots Market for Precision Engineering and Optics Industry, By Region, 2016–2024 (Units)
Table 109 Traditional Industrial Robots Market for Precision Engineering and Optics Industry in North America, By Country, 2016–2024 (Units)
Table 110 Traditional Industrial Robots Market for Precision Engineering and Optics Industry in Europe, By Country, 2016–2024 (Units)
Table 111 Traditional Industrial Robots Market for Precision Engineering and Optics Industry in APAC, By Country, 2016–2024 (Units)
Table 112 Traditional Industrial Robots Market for Precision Engineering and Optics Industry in RoW, By Region, 2016–2024 (Units)
Table 113 Traditional Industrial Robots Market for Pharmaceuticals and Cosmetics Industry, By Region, 2016–2024 (Units)
Table 114 Traditional Industrial Robots Market for Pharmaceuticals and Cosmetics Industry in North America, By Country, 2016–2024 (Units)
Table 115 Traditional Industrial Robots Market for Pharmaceuticals and Cosmetics Industry in Europe, By Country, 2016–2024 (Units)
Table 116 Traditional Industrial Robots Market for Pharmaceuticals and Cosmetics Industry in APAC, By Country, 2016–2024 (Units)
Table 117 Traditional Industrial Robots Market for Pharmaceuticals and Cosmetics Industry in RoW, By Region, 2016–2024 (Units)
Table 118 Traditional Industrial Robots Market for Other Industries, By Region, 2016–2024 (Units)
Table 119 Traditional Industrial Robots Market for Others in North America, By Country, 2016–2024 (Units)
Table 120 Traditional Industrial Robots Market for Others in Europe, By Country, 2016–2024 (Units)
Table 121 Traditional Industrial Robots Market for Others in APAC, By Country, 2016–2024 (Units)
Table 122 Traditional Industrial Robots Market for Others in RoW, By Region, 2016–2024 (Units)
Table 123 Traditional Industrial Robotics , By Region, 2016–2024 (USD Million)
Table 124 Traditional Industrial Robotics , By Region, 2016–2024 (Units)
Table 125 Collaborative Industrial Robotics , By Region, 2016–2024 (USD Million)
Table 126 Collaborative Industrial Robotics , By Region, 2016–2024 (Units)
Table 127 Traditional Industrial Robotics in North America, By Country, 2016–2024 (Units)
Table 128 Traditional Industrial Robotics in North America, By Industry, 2016–2024 (Units)
Table 129 Collaborative Industrial Robotics in North America, By Country, 2016–2024 (USD Million)
Table 130 Collaborative Industrial Robotics Market in North America, By Country, 2016–2024 (Units)
Table 131 Traditional Industrial Robotics in Europe, By Country, 2016–2024 (Units)
Table 132 Traditional Industrial Robotics in Europe, By Industry, 2016–2024 (Units)
Table 133 Collaborative Industrial Robotics in Europe, By Country, 2016–2024 (USD Million)
Table 134 Collaborative Industrial Robotics Market in Europe, By Country, 2016–2024 (Units)
Table 135 Traditional Industrial Robotics in APAC, By Country, 2016–2024 (Units)
Table 136 Traditional Industrial Robotics in APAC, By Industry, 2016–2024 (Units)
Table 137 Collaborative Industrial Robotics in APAC, By Country, 2016–2024 (USD Million)
Table 138 Collaborative Industrial Robotics in APAC, By Country, 2016–2024 (Units)
Table 139 Traditional Industrial Robotics in RoW, By Region, 2016–2024 (Units)
Table 140 Traditional Industrial Robotics in RoW, By Industry, 2016–2024 (Units)
Table 141 Collaborative Industrial Robotics in RoW, By Region, 2016–2024 (USD Million)
Table 142 Collaborative Industrial Robotics in RoW, By Region, 2016–2024 (Units)
Table 143 Contribution of Various End Effectors to Overall Cost of A Robotic System (2018)
Table 144 Comparison Between Mechanical, Electric, and Pneumatic Grippers
Table 145 Product Launches, 2016–2018
Table 146 Partnerships and Collaborations, 2016–2018
Table 147 Expansions, 2016–2018
Table 148 Acquisitions, 2016–2018
Table 149 Contracts and Agreements, 2016–2018


List of Figures (60 Figures)

Figure 1 Segmentation of Industrial Robotics Market
Figure 2 Market: Research Design
Figure 3 Market: Bottom-Up Approach
Figure 4 Market: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Articulated Robots to Account for Largest Size of Traditional Industrial Robots Market During Forecast Period
Figure 7 Handling Application to Hold Largest Share of Tradirional Industrial Robotics , in Terms of Value, By 2024
Figure 8 Automotive Industry to Exhibit Largest Size of Traditional Industrial Robotics During Forecast Period
Figure 9 APAC to Hold Largest Share of Traditional Industrial Robotics , in Terms of Value, in 2019
Figure 10 Growing Demand for Collaborative Robots Across All Industry Segments to Drive Growth of Market During Forecast Period
Figure 11 Market for Collaborative Industrial Robots to Grow at Higher CAGR During Forecast Period
Figure 12 In Terms of Volume, Articulated Robots to Hold Largest Share of Traditional Industrial Robots Market By 2019
Figure 13 Handling Application to Hold Largest Share of Assistive Robotics Market in 2019
Figure 14 Automotive Industry to Hold Largest Share of Traditional Industrial Robotics Market in APAC in 2019
Figure 15 China to Hold Largest Share of Traditional Industrial Robotics Market in 2019
Figure 16 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Value Chain Analysis of Industrial Robots Ecosystem: R&D and Manufacturing Phases Contribute Maximum Value
Figure 18 Market for Collaborative Robots to Grow at Higher CAGR During Forecast Period
Figure 19 Market for Articulated Robots to Register Largest Shipment in 2019
Figure 20 Representation of 6-Axis Articulated Robot
Figure 21 Market for Articulated Robots for Metals and Machinery Industry to Grow at Highest CAGR During Forecast Period
Figure 22 Representation of 4-Axis SCARA Robot
Figure 23 SCARA Robots Will Be Shipped Primarily for Handling Applications During Forecast Period
Figure 24 Representation of Parallel Robot
Figure 25 Market for Parallel Robots in Food and Beverages Industry to Grow at Highest CAGR During Forecast Period
Figure 26 Representation of Cartesian Robot
Figure 27 Processing Application to Witness Highest CAGR in Market for Cartesian Robots During Forecast Period
Figure 28 Other Robots Will Primarily Be Adopted for Handling Applications During Forecast Period
Figure 29 Handling Application to Hold Largest Share of Market By 2019
Figure 30 Handling Application to Hold Largest Size of Collaborative Industrial Robots Market By 2019
Figure 31 Automotive Industry to Maintain Largest Size of Market During Forecast Period
Figure 32 Automotive to Maintain Largest Size of Traditional Industrial Robots Market During Forecast Period
Figure 33 Metals and Machinery Industry to Record Highest CAGR in Market for Collaborative Robots During Forecast Period
Figure 34 Automotive Industry in APAC to Maintain Highest Share During The Forecast Period
Figure 35 Market for Electrical & Electronics Industry in APAC to Grow at Highest CAGR During Forecast Period
Figure 36 Market for Metals and Machinery Industry in APAC to Grow at Highest CAGR During Forecast Period
Figure 37 Plastics, Rubber, & Chemicals Industry in APAC to Maintain Highest Share During Forecast Period
Figure 38 APAC to Be Fastest-Growing Region in Traditional Industrial Robots Market for Food & Beverages Industry During Forecast Period
Figure 39 Market for Precision Engineering and Optics Industry in Europe to Grow at Highest CAGR During Forecast Period
Figure 40 Pharmaceuticals and Cosmetics Industry in APAC to Maintain Highest Share During The Forecast Period
Figure 41 Other Industries in APAC to Maintain Highest Share During Forecast Period
Figure 42 Traditional Industrial Robotics Market in Spain to Grow at Highest CAGR During Forecast Period
Figure 43 North America: Snapshot of Market
Figure 44 Europe: Snapshot of Market
Figure 45 APAC: Snapshot of Market
Figure 46 Middle East & Africa to Maintain Higher Share During Forecast Period
Figure 47 Players in Market Adopted New Product Launches as Their Key Strategy for Business Expansion From, 2016 to 2018
Figure 48 Traditional Industrial Robots Market Share Analysis, 2018
Figure 49 Market (Global), Competitive Leadership Mapping, 2018
Figure 50 Market Witnessed A Significant Growth Between January 2016 and December 2018
Figure 51 ABB: Company Snapshot
Figure 52 Yaskawa: Company Snapshot
Figure 53 Fanuc: Company Snapshot
Figure 54 Kuka: Company Snapshot
Figure 55 Mitsubishi Electric: Company Snapshot
Figure 56 Kawasaki Heavy Industries: Company Snapshot
Figure 57 Denso: Company Snapshot
Figure 58 Company Snapshot: Nachi-Fujikoshi
Figure 59 Company Snapshot: Seiko Epson
Figure 60 Dόrr: Company Snapshot

The study involved four major activities in estimating the current size of the industrial robotics market. Exhaustive secondary research has been done to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information pertinent to this study. Secondary sources include annual reports; press releases; investor presentations; white papers; journals and certified publications; and articles from recognized authors, directories, and databases. Secondary research has been conducted to obtain key information about the industry’s supply chain, market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottommost level), geographic markets, and key developments from both market- and technology oriented perspectives.

After the complete market engineering (which includes calculations for market statistics, market breakdown, data triangulation, market size estimations, and market forecasting), extensive primary research has been carried out to gather information, as well as to verify and validate the critical numbers arrived at.

Primary Research

Extensive primary research has been conducted after gaining knowledge about the industrial robotics market scenario through secondary research. Several primary interviews have been conducted with market experts from both demand (commercial application providers) and supply (equipment manufacturers and distributors) sides across four major regions: North America, Europe, APAC, and RoW. Approximately 20% and 80% primary interviews have been conducted with parties from the demand side and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews.

Industrial Robotics Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the industrial robotics market and other dependent submarkets. Key players in the market have been determined through primary and secondary research. This entire research methodology involves the study of the annual and financial reports of top market players and extensive interviews with industry experts, such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) about the industrial robotics market.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the market segments covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analyses from MarketsandMarkets and presented in the report.

Data Triangulation

After arriving at the overall market size using the estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides in handling; assembling and dissembling; welding and soldering; processing; and dispensing applications.

Report Objectives

  • To describe and forecast the industrial robotics market in terms of value and volume, segmented based on type, application, and industry
  • To describe and forecast the market size, in terms of value and volume, for four main regions: North America, Europe, APAC, and RoW
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To provide a detailed overview of the value chain pertaining to the industrial robots ecosystem
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the industrial robotics market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix that gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players (up to 5).
Report Code
SE 2733
Published ON
Oct, 2019
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