Global Industrial Robotics Market: Leading Trends and Growth Prospects

The Industrial Robotics Market is expected to reach $32.7 billion by 2029, at a CAGR of 6.2% from 2022 to 2029.

Exponential Growth in Industrial Robot Adoption

The last decade has witnessed an exponential rise in the adoption of industrial robots, driven by their numerous advantages such as enhanced productivity, consistent speed and quality, improved workplace safety, and efficient floor space utilization. According to the World Robotics 2021 Industrial Robots report by the International Federation of Robotics (IFR), industrial robots reached a record number, with 3 million units operating in factories worldwide. This represented a 10% increase from 2020, despite global disruptions caused by the pandemic. In 2020, new robot sales slightly grew by 0.5%, with 384,000 units shipped globally, marking a resilient demand for industrial automation.

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Strong Rebound in Global Robot Installations

Following the challenging year of 2020, the IFR projected a robust recovery in global robot installations, expecting them to increase by 27% in 2022. The year set a new record with 486,800 units installed, reflecting a strong rebound and a 27% increase from 2021. Asia and Australia led the global demand surge, with installations growing by 33% and reaching 354,500 units. The Americas followed closely, experiencing a 27% rise with 49,400 units sold, while Europe saw a 15% increase, with 78,000 units installed. These figures underscore the increasing reliance on robotics across multiple regions, with industries leveraging these advanced technologies to boost production capabilities.

Global Leadership in Robotics and Automation

Robotics and control systems form the backbone of automation, with Asia emerging as a global leader in this field. According to the International Monetary Fund (IMF), the region employed 1 million robots in 2018. Singapore, South Korea, and Japan lead the charge, with high robot densities per 10,000 employees, particularly in the electronics sector. Singapore boasted the highest robot density in 2019, with 918 units per 10,000 employees, followed by South Korea with 868 units, Japan with 365, and Germany with 346 units. China, though relatively behind in robot density, is making strides, particularly in its manufacturing sector, which had a density of 140 robots per 10,000 employees in 2018.

Japan’s Dominance in Robot Manufacturing

Japan is a key player in global robotics, responsible for 45% of the world’s industrial robot supply. Robotics are heavily integrated into various industries, including healthcare, agriculture, food and beverage, and manufacturing. In the healthcare sector, advanced medical robots are widely adopted, offering significant advantages such as reduced post-surgical hospitalization, minimized pain, and enhanced precision. In the automotive industry, industrial robots are critical for assembly line tasks such as welding, painting, assembly, packaging, labeling, and product inspection. Their ability to perform repetitive tasks with precision and efficiency is one of the main drivers of their increased adoption.

The Expanding Role of Industrial Robots

Industrial robots offer unmatched precision and are capable of operating 24/7, significantly reducing human errors and worker fatigue. Learning models enhance robot efficiency, making them increasingly indispensable across process and discrete industries. Unlike human labor, robots occupy less floor space, allowing manufacturers to better utilize available space for other production processes. The growing demand for robots is also propelled by their consistent speed and quality in performing complex, time-consuming tasks, driving greater productivity across sectors.

Technological Advancements Fueling Adoption

With rapid technological advancements, robots are becoming more energy-efficient and easier to deploy across industries. Modern mobile robots are equipped with sophisticated navigation systems, enabling them to interact seamlessly with other robots and production systems. This expanded functionality has allowed robots to enter new markets, including textiles, wood products, and plastics. As a result, the growing adoption of robots, especially in the manufacturing sector, is expected to propel the industrial robotics market forward.

Conclusion

The adoption of industrial robots continues to surge, fueled by technological advancements and the increasing need for automation across industries. With their ability to perform tasks efficiently and continuously, robots are revolutionizing sectors from manufacturing to healthcare. As robot technologies advance and spread into new industries, the industrial robotics market is poised for further growth, driving innovation and productivity worldwide.

Key Players:

The key players profiled in the global industrial robotics market study include ABB Ltd (Sweden), Fanuc Corporation (Japan), Yaskawa Electric Corporation (Japan), KUKA AG (Germany), Mitsubishi Electric Corporation (Japan), Kawasaki Heavy Industries, Ltd. (Japan), Denso Corporation (Japan), Seiko Epson Corporation (Japan), Dürr Group (Germany), Universal Robots A/S (Denmark), Stäubli International AG (Switzerland), Comau S.p.A. (Italy), Hyundai Robotics (South Korea), SIASUN Robot & Automation CO., Ltd (China), OMRON Corporation (Japan), Techman Robot Inc. (Taiwan), FRANKA EMIKA GmbH (Germany), and F&P Robotics AG (Switzerland).

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Scope of the Report

Industrial Robots Market, by Component

• Robots
  • Cartesian Robots
  • SCARA Robots
  • Articulated Robots
  • Cylindrical Robots
  • Delta Robots
  • Polar Robots
  • Collaborative Robots
• Robot Accessories
  • End of Arm Tooling (EOAT)
  • Vision Systems
  • Sensors
• Software
• Controllers

Industrial Robots Market, by Payload

• Up to 60 kg
• 60–100 kg
• 100–225 kg
• Above 225 kg

Industrial Robots Market, by Application

• Material Handling
  • Palletizing & Depalletizing
  • Stacker
  • Bucket elevator
  • Grain elevator
• Assembling & Disassembling
• Welding & Soldering
  • Resistance Spot Welding
  • Arc Welding
  • Laser Welding
  • Plasma Welding
  • Ultrasonic Welding
  • Other Welding (Laser Hybrid Welding)
• Dispensing
• Processing
• Machine Tending
  • Grinding
  • Milling and Turning
  • Injection Molding
  • Other Applications
• Inspection
  • Laser Inspection
  • Leak Tests
  • Flow Tests
  • Dimensional Checks
  • Vision Systems
• Other Applications (Casting, Molding)

Industrial Robots Market, by End-use Industry

• Automotive
• Electrical & Electronics
• Metal & Machinery
• Plastic & Chemicals
• Food & Beverage
• Healthcare
• Biotechnology
• Oil & Gas
• Aerospace & Defense
• Paper & Pulp
• Other End-use Industries

Industrial Robots Market, by Geography

• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • Australia & New Zealand
  • South Korea
  • Taiwan
  • Singapore
  • Thailand
  • Rest of Asia-Pacific
• Europe
  • Germany
  • U.K.
  • Italy
  • Spain
  • France
  • Netherlands
  • Sweden
  • Denmark
  • Norway
  • Austria
  • Rest of Europe (RoE)
• North America
  • U.S.
  • Canada
• Latin America
• Middle East & Africa

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