Worldwide Industrial Robots Industry Is Expected to Reach $30.8 Billion by 2027 - ResearchAndMarkets.com

Worldwide Industrial Robots Industry Is Expected to Reach $30.8 Billion by 2027 – ResearchAndMarkets.com

Dublin – ()–The Industrial Robots Market by Type (Traditional and Collaborative Robotics), Component, Payload, Application (Handling, Processing), Industry (Automotive, Food and Beverage), and Region (North America, Europe, and Asia Pacific, and Central Asia) – Global Forecast to 2027” Report added to ResearchAndMarkets.com Show.

The Industrial Robots Market is expected to grow from US$ 15.7 billion in 2022 to US$ 30.8 billion by 2027; It is expected to grow at a compound annual growth rate of 14.3% during the forecast period.

The application handling market will grow at a higher CAGR during the forecast period

The handling applications segment of the industrial robots market for traditional robots, in terms of freight, shows a trend similar to that of the market; It is expected to represent the largest market size and highest growth rate in the forecast period due to the integration of traditional low-weight industrial robots with automated guided vehicles (AGVs) to make them mobile. Handling activities such as pick and place, packaging, loading and unloading are common and applicable in most industries.

Handling application includes many sub-applications such as material handling, machine care as well as box picking, which is currently thriving. Industry-wide handling application is used in diverse industries ranging from automotive, chemical, electrical, and electronics to food and beverage; Thus it was expected to account for about 45% of the industrial robots market for 2021.

Robot arm component market is growing at the highest CAGR during the forecast period

The degree of industrial automation has increased significantly in recent years due to increased productivity, reduced labor costs, increased efficiency in production processes, and improved product quality.

Also in the future, industries such as food and beverage, automotive, oil and gas will be more inclined towards automation due to intense market competition and the need to stay ahead of competitors by improving product quality and production speed.

Robots have greatly transformed automation. In recent years, there has been a rise in the robotic arms market. This demand is expected to escalate further during the forecast period from 2022 to 2027.

Asia-Pacific to create the highest growth opportunities for the Industrial Robots market among other regions during the forecast period

Asia Pacific countries are seeing an increase in the demand for industrial robots and this demand is expected to grow at a significant rate during the forecast period as well. APAC is one of the major manufacturing centers in the world and is expected to provide significant growth opportunities for the industrial robotics market. Low production costs, ease of labor availability, lax safety and emissions standards, and government initiatives for foreign direct investment are key factors fueling the growth of this market in the Asia Pacific region.

The aging population in China and Japan has led to rising labor costs, which has led to a growing adoption of automation. The growing population is also attracting companies to invest in the Asia Pacific region. China is expected to remain the largest market for both traditional and collaborative robots.

market dynamics

drivers

  • The growing demand for collaborative robots across industries

  • The expected shortage of skilled labor in the manufacturing industries

  • Growing adoption of Industry 4.0

limitations

  • High cost of publishing for small and medium businesses

chances

  • Increasing automation in the electronics industry

  • The emergence of industry 5.0

Challenges

  • Interoperability and integration issues

  • Safety concerns related to industrial robotics systems

mentioned companies

  • ABB Ltd.

  • Aurotek company

  • B + M . deck systems

  • Bosch Rexroth AG

  • Kumau

  • Denso

  • Dover Company

  • Elder

  • Estune Company

  • Fanuc

  • Franca Emica

  • Hirata Corporation

  • Hyundai robots

  • ICR . Services

  • Irs . robots

  • Kawasaki Heavy Industries

  • Coca

  • Mitsubishi Electric

  • Nachi Fujikoshi

  • Omron is brilliant

  • Rethink robots

  • robotworks

  • Seiko Epson

  • Shibura Machinery Co., Ltd.

  • Siasun . robots

  • stuple

  • tikman robot

  • Global Robots (Teradyne)

  • Yamaha Motors Corporation

  • Yaskawa Electric Company

For more information about this report visit https://www.researchandmarkets.com/r/eiayml

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