The demand for robotics services in industries is gaining traction owing to the cost-effectiveness of the solution and increasing automation trends. Manufacturing industries are moving towards automated solutions for production and operational efficiency and reducing dependency on the human workforce. Strict government policies concerning machine and workers' safety are further contributing to the growth of the industrial robotics services market.
MARKET DYNAMICS
The industrial robotics services market is anticipated to grow in the forecast period owing to driving factors such as increasing R&D investments in the field of robotics, coupled with the growing adoption of automation solutions across industries. However, high initial costs may hamper the growth of the industrial robotics services market during the forecast period. Nevertheless, technological advancements are expected to showcase symbolic growth opportunities for the market players over the coming years.
MARKET SCOPE
The "Global Industrial Robotics Services Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of industrial robotics services market with detailed market segmentation by service type, application, and geography. The global industrial robotics services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading industrial robotics services market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global industrial robotics services market is segmented on the basis of service type and application. Based on service type, the market is segmented as engineering and consulting, installation and commissioning, robot programming, maintenance and repair, and training. On the basis of the application, the market is segmented as material handling, assembling and disassembling, soldering and welding, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global industrial robotics services market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The industrial robotics services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting industrial robotics services market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the industrial robotics services market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global industrial robotics services market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The industrial robotics services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting industrial robotics services market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the industrial robotics services market in these regions.
MARKET PLAYERS
The reports cover key developments in the industrial robotics services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from industrial robotics services market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial robotics services in the global market. Below mentioned is the list of few companies engaged in the industrial robotics services market.
The report also includes the profiles of key industrial robotics services companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- ABB Ltd
- Bastian Solutions, Inc.
- Comau SpA
- Fanuc Corporation
- Kawasaki Heavy Industries, Ltd.
- Midea Group
- MSI Tec, Inc.
- Omron Corporation
- Wolf Robotics (Lincoln Electric)
- Yaskawa Electric Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Industrial Robotics Services Market - By Service Type
1.3.2 Industrial Robotics Services Market - By Application
1.3.3 Industrial Robotics Services Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. INDUSTRIAL ROBOTICS SERVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. INDUSTRIAL ROBOTICS SERVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. INDUSTRIAL ROBOTICS SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. INDUSTRIAL ROBOTICS SERVICES - GLOBAL MARKET OVERVIEW
6.2. INDUSTRIAL ROBOTICS SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INDUSTRIAL ROBOTICS SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE TYPE
7.1. OVERVIEW
7.2. SERVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3. ENGINEERING AND CONSULTING
7.3.1. Overview
7.3.2. Engineering and Consulting Market Forecast and Analysis
7.4. INSTALLATION AND COMMISSIONING
7.4.1. Overview
7.4.2. Installation and Commissioning Market Forecast and Analysis
7.5. ROBOT PROGRAMMING
7.5.1. Overview
7.5.2. Robot Programming Market Forecast and Analysis
7.6. MAINTENANCE AND REPAIR
7.6.1. Overview
7.6.2. Maintenance and Repair Market Forecast and Analysis
7.7. TRAINING
7.7.1. Overview
7.7.2. Training Market Forecast and Analysis
8. INDUSTRIAL ROBOTICS SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. MATERIAL HANDLING
8.3.1. Overview
8.3.2. Material Handling Market Forecast and Analysis
8.4. ASSEMBLING AND DISASSEMBLING
8.4.1. Overview
8.4.2. Assembling and Disassembling Market Forecast and Analysis
8.5. SOLDERING AND WELDING
8.5.1. Overview
8.5.2. Soldering and Welding Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. INDUSTRIAL ROBOTICS SERVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Industrial Robotics Services Market Overview
9.1.2 North America Industrial Robotics Services Market Forecasts and Analysis
9.1.3 North America Industrial Robotics Services Market Forecasts and Analysis - By Service Type
9.1.4 North America Industrial Robotics Services Market Forecasts and Analysis - By Application
9.1.5 North America Industrial Robotics Services Market Forecasts and Analysis - By Countries
9.1.5.1 United States Industrial Robotics Services Market
9.1.5.1.1 United States Industrial Robotics Services Market by Service Type
9.1.5.1.2 United States Industrial Robotics Services Market by Application
9.1.5.2 Canada Industrial Robotics Services Market
9.1.5.2.1 Canada Industrial Robotics Services Market by Service Type
9.1.5.2.2 Canada Industrial Robotics Services Market by Application
9.1.5.3 Mexico Industrial Robotics Services Market
9.1.5.3.1 Mexico Industrial Robotics Services Market by Service Type
9.1.5.3.2 Mexico Industrial Robotics Services Market by Application
9.2. EUROPE
9.2.1 Europe Industrial Robotics Services Market Overview
9.2.2 Europe Industrial Robotics Services Market Forecasts and Analysis
9.2.3 Europe Industrial Robotics Services Market Forecasts and Analysis - By Service Type
9.2.4 Europe Industrial Robotics Services Market Forecasts and Analysis - By Application
9.2.5 Europe Industrial Robotics Services Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Industrial Robotics Services Market
9.2.5.1.1 Germany Industrial Robotics Services Market by Service Type
9.2.5.1.2 Germany Industrial Robotics Services Market by Application
9.2.5.2 France Industrial Robotics Services Market
9.2.5.2.1 France Industrial Robotics Services Market by Service Type
9.2.5.2.2 France Industrial Robotics Services Market by Application
9.2.5.3 Italy Industrial Robotics Services Market
9.2.5.3.1 Italy Industrial Robotics Services Market by Service Type
9.2.5.3.2 Italy Industrial Robotics Services Market by Application
9.2.5.4 United Kingdom Industrial Robotics Services Market
9.2.5.4.1 United Kingdom Industrial Robotics Services Market by Service Type
9.2.5.4.2 United Kingdom Industrial Robotics Services Market by Application
9.2.5.5 Russia Industrial Robotics Services Market
9.2.5.5.1 Russia Industrial Robotics Services Market by Service Type
9.2.5.5.2 Russia Industrial Robotics Services Market by Application
9.2.5.6 Rest of Europe Industrial Robotics Services Market
9.2.5.6.1 Rest of Europe Industrial Robotics Services Market by Service Type
9.2.5.6.2 Rest of Europe Industrial Robotics Services Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Industrial Robotics Services Market Overview
9.3.2 Asia-Pacific Industrial Robotics Services Market Forecasts and Analysis
9.3.3 Asia-Pacific Industrial Robotics Services Market Forecasts and Analysis - By Service Type
9.3.4 Asia-Pacific Industrial Robotics Services Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Industrial Robotics Services Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Industrial Robotics Services Market
9.3.5.1.1 Australia Industrial Robotics Services Market by Service Type
9.3.5.1.2 Australia Industrial Robotics Services Market by Application
9.3.5.2 China Industrial Robotics Services Market
9.3.5.2.1 China Industrial Robotics Services Market by Service Type
9.3.5.2.2 China Industrial Robotics Services Market by Application
9.3.5.3 India Industrial Robotics Services Market
9.3.5.3.1 India Industrial Robotics Services Market by Service Type
9.3.5.3.2 India Industrial Robotics Services Market by Application
9.3.5.4 Japan Industrial Robotics Services Market
9.3.5.4.1 Japan Industrial Robotics Services Market by Service Type
9.3.5.4.2 Japan Industrial Robotics Services Market by Application
9.3.5.5 South Korea Industrial Robotics Services Market
9.3.5.5.1 South Korea Industrial Robotics Services Market by Service Type
9.3.5.5.2 South Korea Industrial Robotics Services Market by Application
9.3.5.6 Rest of Asia-Pacific Industrial Robotics Services Market
9.3.5.6.1 Rest of Asia-Pacific Industrial Robotics Services Market by Service Type
9.3.5.6.2 Rest of Asia-Pacific Industrial Robotics Services Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Industrial Robotics Services Market Overview
9.4.2 Middle East and Africa Industrial Robotics Services Market Forecasts and Analysis
9.4.3 Middle East and Africa Industrial Robotics Services Market Forecasts and Analysis - By Service Type
9.4.4 Middle East and Africa Industrial Robotics Services Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Industrial Robotics Services Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Industrial Robotics Services Market
9.4.5.1.1 South Africa Industrial Robotics Services Market by Service Type
9.4.5.1.2 South Africa Industrial Robotics Services Market by Application
9.4.5.2 Saudi Arabia Industrial Robotics Services Market
9.4.5.2.1 Saudi Arabia Industrial Robotics Services Market by Service Type
9.4.5.2.2 Saudi Arabia Industrial Robotics Services Market by Application
9.4.5.3 U.A.E Industrial Robotics Services Market
9.4.5.3.1 U.A.E Industrial Robotics Services Market by Service Type
9.4.5.3.2 U.A.E Industrial Robotics Services Market by Application
9.4.5.4 Rest of Middle East and Africa Industrial Robotics Services Market
9.4.5.4.1 Rest of Middle East and Africa Industrial Robotics Services Market by Service Type
9.4.5.4.2 Rest of Middle East and Africa Industrial Robotics Services Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Industrial Robotics Services Market Overview
9.5.2 South and Central America Industrial Robotics Services Market Forecasts and Analysis
9.5.3 South and Central America Industrial Robotics Services Market Forecasts and Analysis - By Service Type
9.5.4 South and Central America Industrial Robotics Services Market Forecasts and Analysis - By Application
9.5.5 South and Central America Industrial Robotics Services Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Industrial Robotics Services Market
9.5.5.1.1 Brazil Industrial Robotics Services Market by Service Type
9.5.5.1.2 Brazil Industrial Robotics Services Market by Application
9.5.5.2 Argentina Industrial Robotics Services Market
9.5.5.2.1 Argentina Industrial Robotics Services Market by Service Type
9.5.5.2.2 Argentina Industrial Robotics Services Market by Application
9.5.5.3 Rest of South and Central America Industrial Robotics Services Market
9.5.5.3.1 Rest of South and Central America Industrial Robotics Services Market by Service Type
9.5.5.3.2 Rest of South and Central America Industrial Robotics Services Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. INDUSTRIAL ROBOTICS SERVICES MARKET, KEY COMPANY PROFILES
11.1. ABB LTD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BASTIAN SOLUTIONS, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. COMAU SPA
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FANUC CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KAWASAKI HEAVY INDUSTRIES, LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MIDEA GROUP
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MSI TEC, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. OMRON CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. WOLF ROBOTICS (LINCOLN ELECTRIC)
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YASKAWA ELECTRIC CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.ABB Ltd
2.Bastian Solutions, Inc.
3.Comau SpA
4.Fanuc Corporation
5.Kawasaki Heavy Industries, Ltd.
6.Midea Group
7.MSI Tec, Inc.
8.Omron Corporation
9.Wolf Robotics (Lincoln Electric)
10.Yaskawa Electric Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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