From Factory Floors to New Markets: The Expanding Role of Industrial Robots

The Industrial Robotics Market is projected to grow to $32.7 billion by 2029, with a compound annual growth rate (CAGR) of 6.2% between 2022 and 2029.

The adoption of industrial robots has witnessed a dramatic increase over the past decade, driven by key advantages such as higher productivity, consistent speed and quality, improved workplace safety, and optimal floor space utilization. According to the World Robotics 2021 Industrial Robots report by the International Federation of Robotics (IFR), a record-breaking 3 million industrial robots were operating in factories worldwide, marking a 10% increase from 2020. Even during the global pandemic, the sale of new robots saw a slight growth of 0.5%, with 384,000 units shipped globally in 2020.

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Global Robot Installations on the Rise

The IFR projected a strong rebound in global robot installations, with an anticipated growth of 27% in 2022, surpassing the record levels achieved in 2021. In 2022, a new milestone of 486,800 units was installed globally, representing a 27% year-on-year increase. Asia/Australia led the demand surge, with installations growing by 33% to 354,500 units. The Americas saw a 27% rise, accounting for 49,400 units, while Europe recorded a 15% increase, with 78,000 units installed.

Robotics and Automation Leaders

Robotics and control systems form the backbone of automation. In 2018, Asia had 1 million robots in operation, solidifying its leadership in robotics, according to the International Monetary Fund (IMF). Countries like Singapore, South Korea, Japan, Germany, and Sweden are at the forefront of robotics innovation. In 2019, Singapore topped the global list for robot density, with 918 robots per 10,000 employees in the electronics industry, followed by South Korea with 868 units and Japan with 365 units. China’s manufacturing sector reached 140 units per 10,000 employees in 2018.

Japan’s Dominance in Robot Manufacturing

Japan continues to lead in global robot manufacturing, supplying 45% of the world’s robots. Various industries, including healthcare, agriculture, food & beverage, and manufacturing, leverage robots to handle critical, time-consuming tasks with efficiency and precision. In healthcare, medical robots are gaining popularity due to the advantages they offer, such as shorter hospital stays post-surgery and reduced patient discomfort. In the automotive industry, industrial robots play a vital role in assembly line operations like welding, painting, and product inspection.

Benefits of Industrial Robots in Manufacturing

Industrial robots offer unparalleled precision and the ability to operate continuously. With learning models, robots minimize human errors and fatigue, making them increasingly valuable in both process and discrete industries. These robots deliver consistent speed and quality and take up less floor space than human workers, leaving more room for other production activities.

Technological Advancements and New Market Penetration

As technology advances, robots are becoming more energy-efficient and easier to deploy across industries. Mobile robots, equipped with advanced navigation systems, are now capable of interacting with other robots and systems. Moreover, robots are making their way into new markets, including textiles, wood products, and plastics, further fueling the growth of the industrial robotics sector.

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Conclusion

The industrial robotics market is poised for continued growth as advancements in technology make robots more versatile, efficient, and accessible across a wide range of industries. The increasing demand for automation, coupled with the benefits of improved productivity and reduced human error, ensures that robots will remain central to modern manufacturing and industrial processes.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategies adopted by the leading market participants in the global industrial robotics market over the last four years. The key players profiled in the global industrial robotics market are 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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