Global Industrial Robotics Market was worth US$ 41.23 Bn in 2020 and total revenue is expected to grow at a rate of 7 % CAGR from 2021 to 2027, reaching almost US$ 66.21 Bn in 2027.
To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the a year of exception and analyzed specially with the impact of lockdown by region.
With a market share of 58 % in 2019, APAC dominated the Industrial Robotics market, followed by Europe and North America. High and early adoption of innovative technologies in countries like India and China is expected to drive market expansion. Its excellent financial position enables it to make significant investments in the adoption of cutting-edge tools and technology to ensure efficient corporate operations. The Chinese government's "Made in China 2025" initiative intends to boost Chinese enterprises' competitiveness through automation. The government's Robotic Industry Development Plan sets a target robot density (number of robots per 10,000 workers) of 150 by 2020 as part of its strategy to achieve this. The Chinese government, on the other hand, has committed $577 million to the development of intelligent robots. The automobile industry is a significant adopter of industrial robotics with a wide range of applications; therefore the market will be propelled by the region's increasing automotive industry. In the projection year 2020-2025, companies such as BAIC Motors and Changan Automobile Group have been aggressively investing in robotics adoption. Furthermore, the launch of ‘Make in India' has raised the focus on the Indian manufacturing sector, which is expected to be one of the fastest-growing markets in the APAC region and globally. The manufacturing sector's output has increased, and it is expected to continue to develop rapidly until 2020. India's government has pledged to invest more than $13 billion in industrial robotics research and development. By 2025, the government expects that the manufacturing industry will be worth $1 trillion. Major corporations such as GE, Bosch, and Panasonic have announced plans to invest in India, boosting the country's economic growth. 
Objective of the report is to present a comprehensive analysis of the Global Industrial Robotics market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global market dynamics, structure by analyzing the market segments and project the Global Industrial Robotics market size. Clear representation of competitive analysis of key players by Product, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Industrial Robotics market make the report investor’s guide
Global Industrial Robotics Market Key Findings:
• With a market share of 58 % in 2019, APAC dominated the Industrial Robotics market in 2019. The industry is expected to develop due to the widespread and early adoption of sophisticated technology. Its excellent financial position enables it to make significant investments in the adoption of cutting-edge tools and technology to ensure efficient corporate operations. • Machine Learning (ML), Internet of Things (IoT), and Artificial Intelligence (AI) use in robotics will drive the collaborative robot (COBOT) market to a market value of $6 billion by 2026. • The market for parallel robotics is expected to develop at a CAGR of 11.8 %. These robots, also known as spider-like robots, will be created by attaching parallelograms to a common basis.Global Industrial Robotics Market Overview:
The implementation of various types of Type ion control techniques, as well as the introduction of automation solutions, is significant components of current Type ion improvement plans. Furthermore, as people become more aware of industrial robots, they are being used in a variety of industries, from manufacturing to healthcare. Industrial robotics is a rapidly growing sector with a wide range of applications in a variety of industries. Also, the rising need for automation in the Asia Pacific market has resulted in an increase in industrial robot exports for applications ranging from basic consumer to manufacturing applications. Moreover, this market is primarily driven by an increase in labor costs around the world, which has compelled businesses to replace human labor with robots. Asia and Europe are the world's primary growing regions, with top companies such as ABB, Fanuc, KUKA, Kawasaki, and Yaskawa Electric Corporation situated there. To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the a year of exception and analyzed specially with the impact of lockdown by region.
COVID -19 Impacts on Global Industrial Robotics Market:
The COVID-19 pandemic, a deadly respiratory ailment that began in China, has now spread throughout the world. The COVID-19 pandemic has a negative impact on the industrial robotics market in 2019 because China has been the leading market for industrial robots (40–50 % share) for the past 5 years. The leading players in the industrial robots market are all based in Japan, and their revenue is expected to plummet in 2019. For example, FANUC (Japan) revealed in March 2020 that its ROBOT division revenue was down 6.9% in 2019 compared to 2018. The COVID-19 pandemic impacted global supply chains and slowed the deployment of industrial robots in a number of critical industries, including automotive, electrical and electronics, and metals and machinery. However, the situation in Q1 2021 is expected to improve over 2020 and return to normalcy by the end of 2022.Global Industrial Robotics Market Dynamics:
The Advanced Robotics for Manufacturing (ARM) Institute is a public–private partnership that aims to increase manufacturers' competitiveness in the United States by fostering collaborations and developing new robotics solutions. The US Department of Defense pays for it. The accepted proposals would be funded by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Firms are encouraged to offer creative solutions as a result of such enticing deals. The Indian government has granted an Rs 1.45 trillion incentive package by extending the Type ion-linked incentive (PLI) plan to ten industrial sectors, with a particular focus for the automobile and vehicle component industries. As part of its China exit programmer, the Japanese government is providing a USD 221 million subsidy to Japanese enterprises looking to relocate to India and other locations. The French government has offered financial assistance to help businesses overcome liquidity challenges through its State Guarantee scheme, which guarantees the repayment of certain qualified loans up to a total of USD 358 billion. A robotic automation project might be difficult, especially for companies who have never done one before. Not only does the robot cost a lot of money to buy, but it also costs a lot of money to integrate, develop, and maintain it. A bespoke integration may be necessary in some circumstances, which will increase the overall expenses. Robot deployment may not always be possible due to a lack of space and infrastructure. Return on investment (ROI) can be difficult for SMEs because they are typically engaged in low-volume Type ion. The existence of businesses with seasonal or irregular Type ion schedules demonstrates the problem even further. Because items are updated once a year on average, fast-changing consumer tastes will necessitate constant reprogramming of robots. Over-automation can be problematic as well. In comparison to its Japanese rivals, the US car sector initially used a higher level of automation. Cost overruns occurred when product lines and consumer demand altered over time, and many robots became unnecessary or obsolete. A single collaborative robot system can range in price from 3,000 to 100,000 dollars. An industrial robotic system might cost anywhere between USD 15,000 to USD 150,000. Automation is a costly investment for SMEs, especially when they are engaged in low-volume Type ion, due to the cost of industrial robots, as well as integration costs and the cost of peripherals such as end effectors and vision systems. Electronics businesses will be able to develop more as automation improves, as they will be able to manufacture prototypes in less time and with less capital. Robots can be utilized in a variety of tasks throughout the manufacturing process, including assembling, dispensing, milling, inspection, packaging, and palletizing. The desire for robotics is also aided by advancements in end effectors and vision systems. Random bin selection, for example, allows robots to select unsorted components from bins and install them in the desired orientation. The majority of factory workers in the electronics industry still do repetitive and redundant tasks such as hand assembly and tooling. Robotics will shift the expectations placed on workers since they will be able to focus on high-criticality jobs like final inspection and quality control. Because collaborative robots can operate alongside people, they can be integrated into existing production lines. Because these robots are easy to programmer, they can be reprogrammed to perform new tasks after their first use. Because electronics product cycles are generally only a few months long, robots enable flexibility and reusability. Some businesses have developed specialist robots.Global Industrial Robotics Market Segment Analysis:
Global Industrial Robotics Market can be sub-segmented into Type and Industry. Based on Application, the market is sub-segmented into Automotive, Electrical and Electronics, Plastics, Rubber, and Chemicals, Metals and Machinery, Food and Beverages, Precision Engineering and Optics, Pharmaceuticals and Cosmetics and Others. Electrical and electronics is the fastest expanding area in the industrial robotics market, with a CAGR of 9.4% expected. With its better adoptability due to growing digitalization, the electronics sector has been slowly emerging as a prominent end user for the industrial robots market. The electronics industry has been proactively adopting industrial robots, supporting its market growth, because accuracy and precision are crucial aspects in an electronic production plant. As a result, rising adoption has had a beneficial impact on the growth of the industrial robot industry. The growing expansion of the electronics sector as a result of expanding consumer demand for electronic gadgets has acted as a primary driver for increased demand for industrial robots. As industries shift to smart technologies, industrial robots are gaining popularity in the electronics industry due to their ability to perform tasks such as integration and assembly of various small sized components within electronic devices such as mobile phones, computers, and many others more efficiently and in shorter time intervals.
Global Industrial Robotics Market Regional Insights:
With a market share of 58 % in 2019, APAC dominated the Industrial Robotics market, followed by Europe and North America. High and early adoption of innovative technologies in countries like India and China is expected to drive market expansion. Its excellent financial position enables it to make significant investments in the adoption of cutting-edge tools and technology to ensure efficient corporate operations. The Chinese government's "Made in China 2025" initiative intends to boost Chinese enterprises' competitiveness through automation. The government's Robotic Industry Development Plan sets a target robot density (number of robots per 10,000 workers) of 150 by 2020 as part of its strategy to achieve this. The Chinese government, on the other hand, has committed $577 million to the development of intelligent robots. The automobile industry is a significant adopter of industrial robotics with a wide range of applications; therefore the market will be propelled by the region's increasing automotive industry. In the projection year 2020-2025, companies such as BAIC Motors and Changan Automobile Group have been aggressively investing in robotics adoption. Furthermore, the launch of ‘Make in India' has raised the focus on the Indian manufacturing sector, which is expected to be one of the fastest-growing markets in the APAC region and globally. The manufacturing sector's output has increased, and it is expected to continue to develop rapidly until 2020. India's government has pledged to invest more than $13 billion in industrial robotics research and development. By 2025, the government expects that the manufacturing industry will be worth $1 trillion. Major corporations such as GE, Bosch, and Panasonic have announced plans to invest in India, boosting the country's economic growth. Objective of the report is to present a comprehensive analysis of the Global Industrial Robotics market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global market dynamics, structure by analyzing the market segments and project the Global Industrial Robotics market size. Clear representation of competitive analysis of key players by Product, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Industrial Robotics market make the report investor’s guide
