Industrial Robotics Market Size, Share & Trends | 2030
- VynZ Research
- Sep 12, 2023
- 2 min read
The global industrial robotics market is projected to reach USD 78.2 billion by 2030, exhibiting a CAGR of 10.3% during the forecast period 2022-2030. The growth of the market is driven by the increasing demand for automation in manufacturing, rising labor costs, and the need to improve productivity.
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The market is segmented by type, application, end-use industry, and region. By type, the market is segmented into articulated robots, SCARA robots, parallel robots, Cartesian robots, and others. Articulated robots are the most widely used type of industrial robots, accounting for the largest share of the market. They are used in a variety of applications, such as welding, assembly, and painting.
By application, the market is segmented into handling, dispensing, processing, and others. Handling is the largest application segment, accounting for the largest share of the market. Handling robots are used to move materials and parts around a factory. Dispensing robots are used to apply adhesives, sealants, and other materials. Processing robots are used to perform tasks such as welding, cutting, and grinding.
By end-use industry, the market is segmented into automotive, electronics, metal and machinery, plastics and rubber, and others. The automotive industry is the largest end-use industry for industrial robots, accounting for the largest share of the market. Robots are used in the automotive industry for a variety of tasks, such as welding, assembly, and painting.
The Asia Pacific region is the largest market for industrial robotics, accounting for the largest share of the market. The growth of the market in this region is driven by the increasing demand for automation in manufacturing and the rising labor costs.
The key players in the industrial robotics market are ABB, Fanuc, Kuka, Yaskawa, and Universal Robots. These players are focusing on developing new technologies and expanding their product offerings to meet the growing demand for industrial robots.
Here are some of the key trends in the industrial robotics market:
Increasing demand for automation in manufacturing
Rising labor costs
Need to improve productivity
Development of new technologies, such as collaborative robots and cloud robotics
Expansion of the market in emerging economies
The industrial robotics market is a rapidly growing market with a lot of potential. The key players in the market are focusing on developing new technologies and expanding their product offerings to meet the growing demand for industrial robots. The market is expected to continue to grow in the coming years.
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