TOP 10 COMPANIES IN INDUSTRIAL ROBOTICS MARKET

The Industrial Robotics Market is expected to reach USD 32.7 billion by 2029 from an estimated USD 21,467.8 million in 2022, at a CAGR of 6.2% during the forecast period 2022–2029. By volume, this market is expected to reach 950.1 thousand units by 2029 from an estimated 453.0 thousand units in 2022, at a CAGR of 11.6% during the forecast period. The growth of the industrial robotics market is driven by the increasing adoption of robots in the manufacturing sector, government support to encourage the adoption of industrial robots, and the high labor costs in North America and Europe. However, high initial investment requirements and performance issues with robots are expected to restrain the growth of this market.

Additionally, increasing automation across the automotive and electronics sectors and the rising focus on reducing human labor across industries are expected to create market growth opportunities. However, the lack of skilled professionals and safety issues with robots while working with other industrial systems are major challenges for the players operating in the industrial robotics market.

Here are the top 10 companies operating in the Industrial Robotics Market

ABB, Ltd. (Switzerland)

ABB is an automation company that manufactures, develops, and sells electrical products and solutions; industry-specific integrated automation and electrification systems; and mechanical power transmission products. The company caters to sectors such as automation, electronics, food & beverages, foundry and forging, logistics, metal fabrication, plastic, solar, packaging & palletizing, robot welding, and wood industries. Electrification, Industrial Automation, Motion, Robotics & Discrete Automation, and Corporate and Other are the five segments through which the company operates in the market.

The company’s industrial automation specializes in delivering its products, solutions, and services through two operating divisions, namely, Robotics and Machine Automation. The Robotics division includes industrial robots, software, robotic solutions and systems, field services, spare parts, and digital services, and the machine automation division specializes in solutions based on programmable logic controllers (PLC), industrial PCs (IPC), servo motion, transport systems, and machine vision. The company offers engineering and simulation software and a comprehensive range of digital solutions worldwide through both divisions.

With its subsidiaries and a strong distribution network, the company has a geographical presence across the Americas, Europe, Asia, the Middle East & Africa. Some of its major subsidiaries are ABB Inc. (U.S.), ABB Limited (U.K.), Asea Brown Boveri Lanka (Private) Limited (Sri Lanka), Asea Brown Boveri Ltd. (Mauritius), ABB Technologies Ltd. (Israel), PT ABB Jasa Indonesia, ABB Global Industries and Services Private Limited (India), and ABB (Pvt) Ltd. (Pakistan). As of 2021, the company had a headcount of 105,000 across the world.

Fanuc Corporation (Japan)

Fanuc Corporation (Fanuc) is a robotics company that manufactures, develops, and provides industrial robots, robomachines, and the FANUC Intelligent Edge Link & Drive (FIELD) system. Furthermore, it offers computerized numerical control, servo motors, servo amplifiers, and laser oscillators to manufacturing industries and third-party developers across the globe. The company also contributes across its business activities, including product development, manufacturing, and after-sales services, to achieve sustainable development goals adopted by the United Nations.

The company operates through four major segments, namely, Robomachine, Service, Robot, and FA. Fanuc provides various industrial robots to automate industrial processes or labor-saving and categorizes industrial robots among welding, material handling, assembly, and painting. These applications are utilized by wide-ranging industries, including automotive, electronic parts, logistics, food, pharmaceuticals, and cosmetics. The company’s industrial robotics are general-purpose robotics used in many sectors.

With its subsidiaries and a strong distribution network, the company has a geographical presence across the Americas, Europe, Japan, Asia, Oceania, and South Africa. Some of its major subsidiaries are Fanuc Robotics North America, Inc., Fanuc India Private Limited, Fanuc Philippines Corporation, Fanuc Robotics Europe GmbH., Fanuc Thai Limited, and Fanuc America Corporation. As of 2021, the company had a headcount of 8,256 across the world.

YASKAWA Electric Corporation (Japan)

YASKAWA Electric Corporation is a Japanese robotics company that develops, manufactures, sells, and provides after-sales services for industrial robotics, AC servo motor, controllers, AC drives, and electrical systems. The company focuses on achieving revolutionary industrial automation and is committed to solving customers’ business challenges across the globe and provides its product and services to the logistics industry and industries such as food, pharmaceuticals, and cosmetics worldwide.

YASKAWA operates through four major segments, namely, Motion Control, Robotics, and System Engineering. The company also provides digital solutions with its new solution concept, “i3-Mechatronics” to realize a new industrial automation revolution, set in its long-term business plan, “Vision 2025”. The new solution will enable manufacturers to access robot controllers by machine controller program when servo drives and industrial robotics are introduced together.

With its subsidiaries and a strong distribution network, the company has a geographical presence across the Americas, Europe, Japan, Asia-Pacific, and the Middle East & Africa. Some of its major Subsidiaries are Yaskawa America, Inc., Solectria Renewables, LLC, Yaskawa Canada Inc., Yaskawa Eletrico Do Brasil Ltda., Yaskawa Mexico S.A. De C.V., Yaskawa Europe GmbH, and Yaskawa Electric (China) Co., Ltd. As of 2021, the company had a headcount of 14,892 across the world.

Kuka AG (Germany)

Kuka AG (Kuka) is an automation company that manufactures, develops, and provides industrial robots, process technologies, customized automation solutions, automated guided vehicle systems, and mobility. The company offers its products across the automotive, e-commerce, electronics, energy, healthcare, consumer goods, and metal industries.

The company operates through five major segments, namely, Systems, Robotics, Swisslog, Swisslog Healthcare, and China, and offers wide-ranged industrial robots and systems capable of offering comprehensive support services across the globe. The company’s automation production is supplied by its robotics division, namely industrial, collaborative and mobile robots, along with the robot controllers and software for Industrial IoT purposes.

With its subsidiaries and a strong distribution network, the company has a presence across the Americas, Europe, Asia & Oceania, and the Middle East & Africa. Some of its major subsidiaries are Kuka CEE GmbH, Swisslog Technology Center Austria GmbH, Kuka Robotics Australia Pty. Ltd., Swisslog Healthcare Asia-Pacific Pte. Ltd., Swisslog Middle East LLC, Kand UKA Systems North America LLC. As of 2021, the company had a headcount of 14,128 across the world.

Mitsubishi Electric Corporation (Japan)

Mitsubishi Electric Corporation is a leading company that manufactures and provides electric and electronic equipment used in energy and electric systems, industrial automation, information and communication systems, electronic devices, and home appliances. The company operates through five major segments, namely, Energy and Electric Systems, Industrial Automation Systems, Information and Communication Systems, Electronic Devices, Home Appliances, and Others. Through the Industrial Automation Systems segment, the company sells industrial robots, programmable logic controllers, motors, computerized numerical controllers, and automotive electrical equipment, among others.

With its subsidiaries and a strong distribution network, the company has a geographical presence across the Americas, Asia-Pacific, Europe, the Commonwealth of Independent States (CIS), and the Middle East & Africa. Some of its major subsidiaries are DB Seiko Co., Ltd. (Japan), Mitsubishi Electric TOKKI Systems Corporation (Japan), Seiryo Electric Co. Ltd. (Japan), Taiwan Mitsubishi Elevator Co. Ltd., and Ryoko Co., Ltd. (Japan) among others. As of 2021, the company had a headcount of 145,653 across the world.

Meticulous Research in its latest publication on Industrial Robotics Market has predicted the growth of 6.2% during the forecast year 2022-2029

Kawasaki Heavy Industries, Ltd. (Japan)

Kawasaki Heavy Industries, Ltd. is a Japanese company that manufactures and provides marine machinery, rail cars, industrial equipment, energy solutions, and vehicles. The company develops and supplies systems such as industrial plants, treatment facilities for the environment & recycling, equipment for infrastructure development, systems for the oil & gas and medical industry, and products for factories worldwide.

The company operates through seven major segments, namely, Aerospace Systems, Rolling Stock, Energy Solution & Marine Engineering, Precision Machinery & Robot, Motorcycle & Engine and Others. Kawasaki offers industrial robotics for various applications such as arc welding, assembly, cleanroom, friction spot joining, and machine tending. Kawasaki products and services allow operator interaction with the machine tending process, such as custom human-machine interfaces and custom operator safety solutions.

With its subsidiaries and a strong distribution network, the company has a geographical presence across the Americas, Europe, Asia & Oceania, Japan, and other regions. Some of its major subsidiaries are Kawasaki Heavy Industries (Singapore) Pte. Ltd., Kawasaki Heavy Industries, Ltd., Kawasaki Heavy Industries (Thailand) Co., Ltd., Kawasaki Heavy Industries Management (Shanghai) Ltd., and Kawasaki Heavy Industries (USA) Inc., among others. As of 2021, the company had a headcount of 36,691 across the world.

Denso Corporation (Japan)

Denso Corporation (Denso) is a Japanese automotive company that provides mobility and after-sales services for air-conditioning systems, power-train systems, safety and cockpit systems, automotive service parts, and accessories. The company also manufactures and provides robotics across automobiles, electric and electronics, food & beverages, medical & pharmaceuticals, and other industries. It categorizes its robotics among applications such as assembling, transportation, inspection, and processing.

The company operates through seven major segments, namely, Thermal Systems, Powertrain Systems, Electrification Systems, Mobility Electronics, Sensors & Semiconductors, Non-Automotive Businesses, and Others. In 2017, Denso received multiple patents for a safety system for industrial robots, methods and systems for controlling robots, robot systems, control units for robots, robot control devices, and robot systems, among others.

With its subsidiaries and a strong distribution network, the company has a geographical presence across Japan, Europe, North America, Asia & Oceania, and China. Some of its major subsidiaries are Denso International America Inc., Denso Air Systems Michigan, Inc., Denso Manufacturing Arkansas, Inc., Denso Manufacturing Michigan, Inc., Denso Manufacturing North Carolina, and Denso Manufacturing Canada, Inc. As of 2021, the company had a headcount of 168,391 across the world.

Omron Corporation (Japan)

Omron Corporation (Omron) is a Japanese automotive company that manufactures and provides automation components, equipment, and systems with advanced computer, communications, and control technologies. The company’s lineup of products includes large-scale control and information systems, factory automation computer systems, relays, sensors, and switches. The company offers robotics for various applications such as high-speed pick and place, mechanical assembly, material handling, packaging, machine tending, screw driving, and palletizing in several industries, including food and beverage, pharmaceutical and healthcare, electronics, and automation.

The company operates through four major segments, namely, Industrial Automation Business (IAB), Device & Module Solutions Business (DMB), Social Systems Solution and Service Business (SSB), and Healthcare Business (HCB)

With its subsidiaries and a strong distribution network, the company has a geographical presence across Japan, Europe, the Americas, Korea, Greater China, and Southern Asia. Some of its major subsidiaries are Omron Europe B.V., Omron Telford Ltd. (U.K.), Omron Manufacturing of the Netherlands B.V., and Omron Electronics S.A. (Japan).

Hyundai Robotics (South Korea)

Hyundai Robotics (Hyundai) is a Korean robotics company that manufactures and provides automation of robots and plants, engineering, installation services, test drive, and after-sales services. The company’s lineup of business includes industrial robots, service robots, factory automation, and logistics automation. The company offers industrial robotics for various applications such as arc welding, material handling, sealing, assembly, spot welding, and painting.

Hyundai Robotics is a subsidiary of Hyundai Heavy Industries Co., Ltd. that operates across several locations, including China, the Americas, Europe, Russia, India, Brazil, and Iran. The company operates through six major segments: Olibank, Electric System, Robotics, Construction Equipment, Global Service, Doosan Infracore and Holding. The company is driving global robot businesses by acquiring global safety standard certificates, including CE for Europe, NRTL for North America, Gost-R for Russia, functional safety recognition, and explosion-proof for secure operation.

Bosch Rexroth AG (Germany)

Bosch Rexroth AG (Bosch) is a German technology company that provides automation and manufacturing solutions to factories across the globe. The Bosch business comprises assembly technology for industrial production; electric drives and controls for factories; industrial hydraulics; linear motion and tightening technology; and resistance welding. Furthermore, it provides hydraulics, electronics, and IoT for mobile machines, gear technology for vehicles, molding and casting technology for glass mold production, production assistants (APAS) for factories, xtreme engineering, and components for mobile robotics. The company provides automation for various industries, including assembly and handling, printing and paper, processing and packaging, automotive, solar, and semiconductors & electronics.

Bosch Rexroth AG is a subsidiary of the Bosch Group, headquartered in Gerlingen, Germany. The company operates through four major segments: Mobility Solutions, Industrial Technology, Consumer Goods, and Energyand Building Technology. Bosch Rexroth AG operates through its services across Asia, Europe, the Americas, and Africa. As of 2021, the company had a headcount of 402,614 across the world.

Popular Mentions: Seiko Epson Corporation (Japan), Dürr Group (Germany), Comau S.p.A. (Italy), F&P Robotics AG (Switzerland), Franka Emika GmbH (Germany), Techman Robot Inc. (Taiwan), Stäubli International AG (Switzerland) and Universal Robots A/S (Denmark).

Authoritative Research on the Industrial Robotics Market – Global Opportunity Analysis and Industry Forecast (2022-2029)

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• Recent financial performance
• Key products
• Significant company strategies
• Partnerships and acquisitions

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