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Industrial Robotics Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Industrial Robotics Market: By Type (Articulated, Cartesian, SCARA, Cylindrical, and Others); Industry (Automotive, Electrical & Electronics, Chemical Rubber & Plastics, Machinery, Food & Beverages, and Others); Function (Soldering & Welding, Materials Handling, Assembling & Disassembling, Painting & Dispensing, Milling, Cutting, & Processing, and Others) — Market Size, Industry Dynamics, Opportunity Analysis and Forecast, For 2023–2031

  • Published Date: 07-Apr-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0423388
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Industrial Robotics Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2022US$ 18.2 Billion
Expected Revenue in 2031US$ 151.4 Billion
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Bn)
CAGR27.2%
Segments coveredBy Type, By Industry, By Function, By Region
Key Companies                                                                                 ABB Limited, DAIHEN Corporation, Denso Corporation, Epson America Incorporated, Fanuc Corporation, Kawasaki Heavy Industries Limited, Kobe Steel, Limited, Kuka AG, Mitsubishi Electric Corporation, Yaskawa Electric Corporation, Other Prominent Players
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

The Industrial Robotics Market was valued at US$ 18.2 Bn in 2022. 

The market is projected to grow at a CAGR of 27.2% during the forecast period (2023-2031).

Rising application of industrial robotics in various end use industries and increasing labor cost & lack of skilled workforce are driving the Global Industrial Robotics Market. 

High Cost & competition from low-cost labor markets are the restraints of market growth.

The Global Industrial Robotics Market is analyzed based on various segmentations such as type, industry, function and region. 

Rising government initiatives towards the adoption of industrial robotics is expected to provide an opportunity for market growth during the forecast period. 

Cartesian type is the highest shareholding segment based on type in 2022.

Automotive industry held the highest segmental share in the Global Industrial Robotics Market in 2022. 

Materials handling segment held the highest segmental share in 2022 based on function. 

Asia Pacific dominates the Global Industrial Robotics Market in 2022. 

The key players analyzed in the  Global Industrial Robotics Market are DAIHEN Corporation, Mitsubishi Electric Corporation, Kobe Steel, Limited, Fanuc Corporation, ABB Limited, Kuka AG, Epson America Incorporated, Denso Corporation, Yaskawa Electric Corporation and Kawasaki Heavy Industries Limited among others. 

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