The industrial robotics market is expected to grow from US$ 16,847.6 Mn in 2017 to US$ 48,166.9 Mn by 2025 at a CAGR of 14.2% between 2018 and 2025.
The Industrial Robotics market is at its growing phase in certain countries and at infant stage in some developing countries. The industrial robotics market is further expected to flourish with increasing government support for automation in industries including, industrial robotics across the globe. One of the key factor propelling the market growth for industrial robotics is constantly aging population of several countries worldwide resulting in increasing labor costs. Further, increasing support from governments is also bolstering the growth of industrial robotics market. For instance, Chinese government announced a five-year ‘Robotics Industry Development Plan’ for the expansion of China’s industrial robotics sector. The government is offering considerable subsidies and tax breaks for industrial automation. The report focuses on an in-depth segmentation of industrial robotics market based by types, function and industry.
China holds almost 30% of the overall Industrial Robotics Market share
China is leading the global industrial robotics market with a share of approximately 30%. The constantly aging population of the country along with rising labor costs is insisting companies to adopt industrial robots. Additionally, Chinese government provides enormous support for the robotics industry to grow with an aim to strengthen the country’s technology sector as well to reduce dependence on foreign players. Further, the government is aiming to reach the annual production of country’s industrial robot to 100,000 by 2020. Majority of industrial robots deployed by Chinese companies are purchased from international companies, making the country dependent on foreign manufacturers. Thus, to fill this gap, the government is providing support through incentive and subsidies to robotics manufacturers in China. This has further resulted in acquisitions of foreign companies. For instance, Midea, an appliance manufacturer in China acquired Kuka, one of the leading manufacturer of industrial robotics in Germany.
Electrical & Electronics industry gaining the market traction
Electrical & Electronics industry is one of the major industry propelling the growth for industrial robotics market. Majority of electrical & electronics manufacturers are located in countries of Asia Pacific such as Taiwan, South Korea, and China. According to IFR, sale of industrial robots to the electrical and electronics industry increased by 41% i.e. 91300 units, which is approximately 31% of the total supply in 2016. The accelerating demand for electrical and electronic products particularly, by the growing population in emerging economic owing to their increased affordability is driving the market growth.
Market initiative was observed as the most adopted strategy in global industrial robotics market. Few of the recent strategies by some of the players in industrial robotics market landscape are listed below-
2018: Universal Robots and Apex Motion Control to launch zero footprint palletizer.
2018: Comau signs Flex-Line Automation as a new system integrator in the USA.
2017: Surgere partners with Locus Robotics to unveil Cycle-Counting Robot to eliminate inventory tracking failures.
2017: Fetch Robotics Partners with Robotics Integrator ONExia to Bring Logistics Expertise to Mid-Atlantic
Global Industrial robotics- Market Segmentation
Table of Contents1 Table of Contents
List of TablesTable 1:Global Industrial Robotics Market Revenue and Forecasts to 2025 – (US$ Mn)
List of FiguresFigure 1: Basic Elements of Robots
The List of Companies - Industrial Robotics Market
1. ABB Ltd.
2. Kuka AG
3. FANUC CORPORATION
4. Toshiba Machine Co. Ltd.
5. Mitsubishi Electric Corporation
6. Comau SpA
7. GE Inspection Robotics
8. Yaskawa Electric Corporation
9. Kawasaki Heavy Industries Ltd.
10. Universal Robots A/S
11. NACHI-FUJIKOSHI CORP.
12. Fuji Robotics
13. Clearpath Robotics Inc.
14. AgEagle Aerial Systems
15. AIRBORNE ROBOTICS GMBH
16. Aquabotix Technology Corporation
17. Bastian Solutions, Inc.
18. DEEP TREKKER INC.
19. DENSO WAVE INCORPORATED
20. Fetch Robotics, Inc.
21. General Dynamics Mission Systems, Inc.
22. Honeybee Robotics
23. Locus Robotics
24. Inuktun Services Ltd.
25. Kongsberg Maritime
26. OPENROV CA
27. Precise Automation, Inc.
28. iFuture Robotics
29. inVia Robotics, Inc.
30. GEEK+ INC.