Global Industrial Robotics Market By Robot Type (Articulated, SCARA, Cylindrical, Parallel, and Others), By Application (Material Handling, Welding & Soldering, Assembling & Disassembling, and Others), By End-Use Industry, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033

Report Overview

The Global Industrial Robotics Market was valued at USD 54 billion in 2023. Between 2023 and 2032, this market is estimated to register the highest CAGR of 11.4%. It is expected to reach USD 142.8 billion in the forecast period.

An industrial robot is a type of mechanical machine with inputs to automatically perform production-related tasks in the industry. These robots are reprogrammable and can be reprogrammed many times depending on the application and industrial needs. In automation applications, industrial robots help increase productivity, reduce costs, and produce high-quality products.

A robot manager is the robot’s brain that helps to give instructions. Robot sensors contain microphones and cameras that keep the robot informed about the industrial atmosphere. A robot manipulator is generally an arm of a robot that helps move and position the robot, and an end effector helps the robot interact with the workpiece. The type of robot to choose depends on the degree of freedom of movement, required size, and payload. Industrial robots help optimize manufacturing for healthy and efficient processes.

Note: Actual Numbers Might Vary In the Final Report

Key Takeaways

• Market Valuation: In 2023, the Global Industrial Robotics Market was valued at USD 54 billion. It is projected to grow at a CAGR of 11.4% and reach USD 142.8 billion by 2032.
• Industrial Robot Functionality: Industrial robots are reprogrammable machines used in manufacturing. They are capable of automation and can perform various production-related tasks, enhancing productivity, reducing costs, and ensuring product quality.
• Components of Industrial Robots: Industrial robots consist of key components, including the robot manager (for instructions), sensors (for environment awareness), robot manipulator (for movement), and end effector (for interaction with workpieces). The choice of robot type depends on factors like freedom of movement and payload capacity.
• Market Segmentation: The industrial robotics market is segmented based on robot type (Articulated, SCARA, Cylindrical, Parallel, and Others), application (Material Handling, Welding & Soldering, Assembling & Disassembling, and Others), and end-use industry (including Automotive, Electronics, Aerospace & Defense, and more).
• Market Trends: Some notable trends in the market include increased investments in emerging economies, especially in the automotive sector, and the introduction of wearable robotics solutions to enhance operator efficiency.
• Driving Factors: High labor costs and a shortage of skilled workers are driving companies to adopt industrial robots, reducing errors, boosting productivity, and saving on human resource management expenses.
• Limiting Factors: High initial and maintenance costs, along with a shortage of skilled personnel for controlling robotic systems, pose challenges to market growth.
• Regional Dominance: The Asia Pacific region dominates the market, with a share of 49%, driven by increased automation in countries like Japan, China, and India, and further boosted by rising disposable incomes and growing manufacturing industries.
• Key Market Players: Major players in the industrial robotics market include YASKAWA Electric Corporation, Mitsubishi Electric Corporation, KUKA AG, Comau SpA, and FANUC American Corporation. These companies focus on product innovation and strategic partnerships to drive market growth.
• Growth Opportunities: The industry is expected to benefit from the rising demand for automation in various sectors, fueled by increased investments and infrastructure development in emerging economies.
• Types of Robots: The market includes various types of robots such as articulated, SCARA, cylindrical, and parallel robots, each with its unique applications and advantages.
• Applications: Industrial robots find applications in material handling, welding & soldering, assembling & disassembling, palletizing, packaging, painting & dispensing, milling, cutting, processing, and more.

Robot Type Analysis

The articulated Robots Segment is Dominant

Based on type, the market for industrial robotics is classified into articulated, SCARA, cylindrical, parallel, and others. The articulated robots segment is dominant in the market as it can conduct exact motions repeatedly and is used in assembly, material handling, and others. Also, articulated robots have a high ability to move with great precision. The significant use of articulated robots in the food and beverages and pharmaceutical industries is propelling this segment’s growth in the robotics market.

To perform construction-built tasks in hostile environments, SCARA and cylindrical robot segments are projected to expand significantly during the forecast period. Additionally, they perform a variety of selective and repetitive tasks such as picking and placing, assembling tiny parts, sorting, and others. This type of robot is widely used in the food and beverage, automotive, and industrial sectors. Parallel and Cartesian robots are expected to hold a significant market share in the forecast period due to high demand in manufacturing industries.

Application Analysis

The application market is segmented into material handling, welding & soldering, assembling & disassembling, palletizing, packaging, painting & dispensing, milling, cutting, processing, and others. The material handling segment is dominant in the market, with the largest market share of 45% in 2022, as demand for material handling in the food and beverages industry, pharmaceuticals, and electrical industries is high in industries where chemicals are concentrated, and hazardous industrial robotics plays an important role in decreasing accidents and maintaining staff safety.

Robots are used in the welding process significantly as they automate the process, ensure higher accuracy, and perform faster operations. Robots used for welding have high volumes of welding diverse parts and metals with high speed and efficiency. Industries that have large workloads use industrial robots to palletize anything that can be lifted by overhead cranes. Industrial robots also have significant applications in packaging, painting, and processing, which provide high accuracy and save manpower.

End-Use Industry Analysis

The Automotive Industry is a Dominant

Based on the end-use industry, this market is segmented into automotive, consumer electronics, aerospace & defense, plastic, rubber, chemicals, food & beverages, healthcare & pharmaceuticals, metals & mining, and others. The automotive industry holds the largest share of the industrial robotics market, with a market share of 43% in 2022.

A segment is dominant as industrial robots have large applications in loading and unloading heavy goods, precision in handling, and quick assembling of fine parts. Also, due to the enormous growth move from manual to electric vehicles, the demand for industrial robots in the automotive industries.

The market in healthcare and pharmaceutical industries is also predicted to grow as robots are used a support surgeons with less invasive surgeries. Robots use powerful 3DHD technology to provide the operator with spatial references needed for intricate operations. Also, expanding penetration of robotics handling semiconductors, and chemicals, increasing applications in aerospace and defense industries, and plastic, and rubber industries will surge demand for robotics in the market.

Note: Actual Numbers Might Vary In the Final Report

Driving Factors

• Labor Shortages: A shortage of skilled labor in industries such as manufacturing is driving the adoption of industrial robots to automate tasks and maintain production efficiency.
• Cost Efficiency: Industrial robots are becoming more cost-effective, making them accessible to a broader range of industries and encouraging their adoption.
• Precision and Accuracy: Robots offer unmatched precision and accuracy in tasks such as welding, painting, and quality control, enhancing product quality and reducing defects.
• Safety and Compliance: Industrial robots equipped with advanced safety features and compliance with regulations are increasingly favored for their ability to work alongside human operators safely.

Restraining Factors

• High Initial Costs: The upfront investment required for purchasing and implementing industrial robots can be substantial, particularly for small and medium-sized enterprises (SMEs).
• Complex Integration: Integrating industrial robots into existing manufacturing processes can be complex and may require specialized expertise, slowing down adoption.
• Maintenance and Downtime: Robots require regular maintenance, and unexpected downtime can disrupt production, impacting the overall return on investment.
• Limited Flexibility: Some industrial robots are designed for specific tasks and may lack the flexibility needed to adapt to changing production requirements.

Growth Opportunities

• Collaborative Robotics: The growth of collaborative robots (cobots) offers opportunities for human-robot collaboration in various industries, enhancing productivity and safety.
• AI and Machine Learning Integration: Integrating artificial intelligence (AI) and machine learning into industrial robots enables advanced automation and predictive maintenance.
• E-commerce and Logistics: The rising demand for e-commerce and automation in logistics and warehouses creates growth opportunities for robots in material handling and order fulfillment.
• Medical and Healthcare: The healthcare sector presents opportunities for robot-assisted surgeries, patient care, and laboratory automation, driven by precision and minimally invasive procedures.

Key Market Trends

• Industry 4.0: The adoption of Industry 4.0 principles, emphasizing connectivity and data-driven decision-making, is driving the integration of robotics into smart factories.
• Robotics as a Service (RaaS): The RaaS model, offering robots on a subscription basis, is gaining traction, making robots more accessible to businesses without large upfront costs.
• Sustainable Robotics: The rise of environmentally conscious and energy-efficient robotics solutions is becoming a notable trend in alignment with sustainability objectives and regulatory requirements.
• Human-Machine Interaction: Advancements in human-machine interfaces and natural language processing are elevating the simplicity of interaction between human operators and industrial robots, making the overall experience more user-friendly.

Key Market Segments

Based on Robot Type

• Articulated
• SCARA
• Cylindrical
• Parallel
• Others

Based on Application

• Material Handling
• Welding & Soldering
• Assembling & Disassembling
• Palletizing, Packaging
• Painting & Dispensing
• Milling
• Others

Based on End-Use Industry

• Automotive
• Electrical & Electronics
• Aerospace & Defense
• Chemicals
• Food & Beverages
• Healthcare & Pharmaceuticals
• Others

Regional Analysis

Asia Pacific region is dominant in this global market, with the largest market share of 49%. Increased automation, especially in Japan, China, and India, is expected to fuel growth in this region. In addition, as the population grows and disposable income increases, the demand for consumer goods will rise, and production capacity will increase, contributing to the growth of this industry.

Similarly, there is a growing need for bespoke machines and vehicles that require high precision and rapid manufacturing capabilities. The use of robots in industrial applications is increasing to meet the demand and further increase the global market share. Furthermore, due to growing manufacturing industries, the industrial robotics market is also boosting in several emerging economies such as Brazil, India, South Africa, and China.

North America is estimated to show lucrative growth as in North America, the advancements in R&D facilities and the technological adoption rate are greater. As such, the market for industrial robotics is anticipated to grow. Manufacturers are now focusing on adopting collaborative robots in Europe, which is predicted to boost the market in the European region.

Note: Actual Numbers Might Vary In the Final Report

Key Regions and Countries Covered in this Report:

• North America
  • The US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Russia
  • Netherland
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • New Zealand
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Key Players Analysis

Major players are focused on a variety of strategic policies to develop their respective businesses in foreign markets. Several industrial robotics market companies are concentrating on expanding their existing operations and R&D facilities.

Furthermore, businesses in the industrial robotics market are developing new products and portfolio expansion strategies through investments mergers, and acquisitions. In addition, several key players are now focusing on different marketing strategies and innovations in products that drive this market growth.

Top Key Players in The Market

Listed below are some of the most prominent industrial robotics market players.

• YASKAWA Electric Corporation
• Mitsubishi Electric Corporation
• KUKA AG
• Comau SpA
• KUKA Robotics Corporation
• FANUC American Corporation
• DENSO CORPORATION
• Kawasaki Heavy Industries Ltd.
• Omron Corporation
• DAIHEN Corporation
• Seiko Epson Corporation
• Panasonic Corporation
• Epson America, Inc.
• Other key Players

Recent Developments

• In February 2022, Comau and LUVO introduced wearable robotics solutions to enhance operator work efficiency.
• In May 2021, Kawasaki Heavy Industries, Ltd. And Sony Group Corporation announced an agreement to establish a new company to operate remote robot platform businesses.

Report Scope