Industrial Robots Market to Exhibit a CAGR of 10.4% by 2028; Deployment of ABB’s Robots in Food and Packaging Industry to Drive Market: Fortune Business Insights™

Pune, India, May 27, 2021 (GLOBE NEWSWIRE) -- The global industrial robots market size is expected to reach USD 31.13 billion by 2028, exhibiting a CAGR of 10.4% during the forecast period. The growing concerns regarding workers’ safety during industrial operations will spur demand for industrial type of robots during the forecast period, states Fortune Business Insights, in a report, titled “Industrial Robots Market, 2021-2028.” The market size stood at USD 14.61 billion in 2020.

COVID-19 Impact:

High Inclination for Automation to Inspire Growth during Coronavirus 

OEMs are opting for industrial robots due to their accuracy and workflow efficiency. The disruption caused by the pandemic due to stringent regulations has favored this industry. The small and medium-scale enterprises have increased their investments in automation, thus aiding the market growth. Besides, industrial accidents, including hazardous chemicals or mishaps, have led to stringent regulations. Which, in turn, will create opportunities for the industrial robots industry.

Furthermore, the adoption of business strategies such as mergers, acquisitions, and collaborations among major industry players will spur lucrative opportunities for the market amid the global pandemic.  For instance, In April 2018, Teradyne, Inc., an American automatic test equipment designer, and manufacturer acquired Mobile Industrial Robots (MiR) for USD 147 million. In addition, the physical distance and other directives to curb the spread of coronavirus will promote automation during the COVID-19 outbreak.

Request To Sample PDF Brochure:

Market Segments:

Material Handling to Hold the Largest Share

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

The articulated robot is expected to hold the largest share during the forecast period. The growth is attributed to the high adoption of articulated robots in food & beverages, pharmaceutical, and automotive industries.

Based on application, the market is classified into pick and place, welding & soldering, material handling, assembling, cutting & processing, and others. Material handling is expected to experience a steady growth rate during the forecast period. Material handling is a highly critical task in the chemical and pharmaceutical sector due to the hazardous substances.

Based on industry, the market is distributed into automotive, electrical & electronics, healthcare & pharmaceutical, food & beverages, rubber & plastic, metals & machinery, and others. Healthcare & pharmaceutical segment is expected to hold a significant share during the forecast period due to their assistance in performing operations, usually minimally invasive procedures. The automotive segment is expected to grow at a significant growth rate.

Geographically, the market is divided across five major regions, namely North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. They are further categorized into countries.

Please Visit:

The market report stresses on:

  • Incomparable insights into all developments
  • Well-regarded data about eminent players
  • Up-and-coming trends and drivers
  • Regional analysis
  • Notable development
  • COVID-19 impact

Driving Factor:

Deployment of Robots in the Healthcare Industry to Augment Growth

The growing adoption of robotic solutions by OEMs to reduce operational costs and increase operational workflow will bolster the market's growth. Automotive, Healthcare, and electronic industries are utilizing robots to plunge material wastage and enhance production yields, which, in turn, will accelerate the development of the market.  The high labor cost and operational & raw material costs involved in conventional methods have led to a shift towards robots in production processes. Moreover, the increasing demand from food & beverages, metal machinery, rubber & plastic industries will influence the industrial robots market growth. Robots can handle repetitive tasks with accuracy and precision, making them highly propitious in industrial applications. Thus, uplifting the market during the forecast period.

Ask for Customization:

Regional Insights:

Rising Demand for Consumer Goods to Intensify Market Asia Pacific

The market in Asia Pacific stood at USD 7.24 billion in 2020. The region's growth is attributed to growing automation in developing nations such as Japan, China, and India. The growing disposable income of people coupled with the surging population will contribute positively to the region's market growth. Moreover, the high production and consumption of consumer goods will spur demand for industrial robots. The surging demand for customized machinery in the automotive industry can further uplift the industrial robots market share in Asia Pacific. Europe is expected to hold a considerable share in the market. The need for innovative robots in the automotive industry will boost the growth in the region.

Notable Development:

November, 2019: OMRON Corporation, a Japanese electronics company based in Kyoto, Japan, launched mobile robots capable of moving a payload capacity of 250 Kg. The company expanded its existing series of mobile robots with the new cutting-edge robot.

List Of key Companies profiled in Industrial robots market Are:

  •  ABB (Switzerland)
  • Mitsubishi Electric Corporation (Japan)
  • ComauSpA (Italy)
  • KUKA AG(Germany)
  • Kawasaki Heavy Industries, Ltd.(Japan)
  • Omron Corporation(Japan)

Quick Buy -

Table Of Content

  • Introduction
    • Definition, By Segment
    • Research Methodology/Approach
    • Data Sources
  • Key Takeaways
  • Market Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints, Opportunities and Trends
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Force Analysis
  • Global Industrial Robots Key Players Market Share Insights and Analysis, 2020  
  • Key Market Insights and Strategic Recommendations
  • Companies Profiled (Covered for key 10 players only)
    • Overview
      • Key Management
      • Headquarters etc.
    • Offerings/Business Segments
    • Key Details (Subjected to data availability in public domain and/or on paid databases)
      • Employee Size
      • Key Financials
        • Past and Current Revenue
        • Geographical Share
        • Business Segment Share
    • Recent Developments
  • Annexure / Appendix
    • Global Industrial Robots Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
      • By Robot Type (Value)
        • Articulated
        • SCARA
        • Cylindrical
        • Cartesian/Linear
        • Parallel
        • Others (Collaborative, etc.)
      • By Application (Value)
        • Pick & Place
        • Welding & Soldering
        • Material Handling
        • Assembling
        • Cutting & Processing
        • Others (Painting, etc.)
      • By Industry (Value)
        • Automotive
        • Electrical & Electronics
        • Health & Pharmaceutical
        • Food & Beverages
        • Rubber & Plastic
        • Metals & Machinery
        • Others (Construction, Defense, Logistics)
      • By Region (Value and Volume)
        • North America
        • Europe
        • Asia Pacific
        • Middle East & Africa
        • Latin America

TOC Continued…!

Speak To Our Analyst-

Have a Look at Related Research Insights:

Logistics Robots Market Size, Share & COVID-19 Impact Analysis, By Type (Automated Guided Vehicles, Autonomous Mobile Robots, Robot Arms and Others), By Application (Palletizing & De-palletizing, Pick & Place, Transportation, and Others), By Industry (E-commerce, Healthcare, Retail, Food & Beverages, Automotive and Others) and Regional Forecast, 2021-2028

Autonomous Mobile Robots Market Size, Share & COVID-19 Impact Analysis, By Type (Goods-to-person Picking Robots, Self-driving Forklifts, Autonomous Inventory Robots, and Unmanned Aerial Vehicles), By Application (Sorting, Pick & Place, Tugging, Warehouse Fleet Management and Others), By End-User (Warehouse & Distribution Centers and Manufacturing) and Regional Forecast, 2021-2028

Wearable Robotic Exoskeleton Market Size, Share & COVID-19 Impact Analysis, By Technology Type (Powered and Passive), By Application (Healthcare, Industrial, Defense & Aerospace and Others) and Regional Forecast, 2020-2027

Hot Runners for Transportation & Logistics Market Size, Share & Covid-19 Impact Analysis, By Type (Open Gate Hot Runners and Valve Gate Hot Runners), By Application (Garbage Bins, Plastic Pallets, Big Containers, Foldable Crates, and Others), and Regional Forecast, 2020-2027

Ultrasonic Cleaning Equipment Market Size, Share & COVID-19 Impact Analysis, By Type (Standalone, Benchtop, Multistage), By Application (Automotive, Healthcare, Electrical & Electronics, Aerospace & Defense and Others), and Regional Forecast, 2020-2027

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245

Read Press Release:

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.