The Asia-Pacific holds the largest share in the market owing to large scale production of industrial robotics.
WILMINGTON, DELAWARE, UNITED STATES, April 25, 2024 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, the industrial robotics market size was valued at $38 billion in 2020, and is estimated to reach $163 billion by 2032, growing at a CAGR of 12.6% from 2023 to 2032.
Industrial robotics is a sector that deals with the development, manufacture, and implementation of automated systems and robotic solutions in a variety of industries. These advanced robots are designed to perform a variety of tasks with remarkable accuracy, velocity, and productivity, and are employed in a variety of industrial settings to replace or assist human workers. These robots are employed to improve productivity, reduce safety, and streamline processes in a variety of sectors, including manufacturing, automotive, electronics, logistics, and healthcare.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ @ ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐ฐ๐ฐ๐ฐ.๐๐ฅ๐ฅ๐ข๐๐๐ฆ๐๐ซ๐ค๐๐ญ๐ซ๐๐ฌ๐๐๐ซ๐๐ก.๐๐จ๐ฆ/๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ-๐ฌ๐๐ฆ๐ฉ๐ฅ๐/๐๐๐
๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐๐ฌ:
Industrial robots are advanced machines built to work in manufacturing and commercial environments, carrying out tasks that might be basic or complicated. These robots can independently carry out tasks such as welding, assembling, packaging, and material handling, owing to the combination of mechanical parts, electronic controls, and software programming used in their construction.
๐๐ซ๐ข๐ฆ๐ ๐๐๐ญ๐๐ซ๐ฆ๐ข๐ง๐๐ง๐ญ๐ฌ ๐จ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก:
The global industrial robotics market is experiencing growth due to several factors, such as high requirements for automation, high labor costs and a dearth of skilled human workforce, an increase in investments in R&D activities, and the availability of affordable and energy-efficient robots. However, the high initial investment and installation costs and the threat of job displacement may restrain the market growth to some extent. Moreover, the increase in application areas and the evolving robotics and AI industry bring new opportunities for market growt.
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ @ ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐ฐ๐ฐ๐ฐ.๐๐ฅ๐ฅ๐ข๐๐๐ฆ๐๐ซ๐ค๐๐ญ๐ซ๐๐ฌ๐๐๐ซ๐๐ก.๐๐จ๐ฆ/๐๐ก๐๐๐ค๐จ๐ฎ๐ญ-๐๐ข๐ง๐๐ฅ/๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐
The articulated segment to maintain its leadership status throughout the forecast period-
Based on type, the articulated segment held the highest market share in 2020, accounting for more than two-fifths of the global industrial robotics market revenue, and is estimated to maintain its leadership status throughout the forecast period. On the other hand, the cylindrical segment is projected to manifest the highest CAGR of 13.8% from 2023 to 2032. Owing to the high demand for cylindrical robots for pick and place, packaging, assembling-dissembling, and other applications in the warehouse and industrial sector is expected to drive the market.
The electrical and electronics segment to maintain its lead position during the forecast period-
Based on end user industry, the electrical and electronics segment held the highest market share in 2020, accounting for around one-third of the global industrial robotics market, and is estimated to maintain its lead position during the forecast period. This is attributed to the increasing demand for articulated and other robots for miniature work in the electronics and electrical industry. However, the food and beverages segment is projected to manifest the highest CAGR of 13.6% from 2023 to 2032. The rising population is expected to drive the demand for industrial robots in the food and beverages sector.
The materials handling segment to rule the roost by 2032-
Based on function, the materials handling segment accounted for the largest share in 2020, contributing to more than two-fifths of the global industrial robotics market revenue, and is expected to rule the roost by 2032. On the other hand, the painting and dispensing segment is expected to portray the largest CAGR of 14.4% from 2023 to 2032. Growth in automotive, food and beverage, chemical and other industries is increasing demand for industrial robots. Growth in the industrial sector will eventually have a positive impact on the Industrial robotics market.
Asia-Pacific to maintain its dominance by 2032-
Based on region, Asia-Pacific held the highest market share in 2020, accounting for nearly three-fifths of the global industrial robotics market revenue, and is expected to maintain its dominance by 2032. Leading countries like, Japan, India, and Korea are at the forefront of robotics adoption, especially in electronics, and machinery industries. However, the LAMEA region would exhibit the fastest CAGR of 13.8% during the forecast period.
๐๐๐ค๐ ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ: ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐ฐ๐ฐ๐ฐ.๐๐ฅ๐ฅ๐ข๐๐๐ฆ๐๐ซ๐ค๐๐ญ๐ซ๐๐ฌ๐๐๐ซ๐๐ก.๐๐จ๐ฆ/๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐-๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ/๐๐๐
๐๐จ๐ฉ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Panasonic Corporation, KUKA AG, ABB, Mitsubishi Electric Corporation, Kawasaki Heavy Industries, Ltd., Universal Robots A/S, FANUC Corporation, Denso Corporation, Daihen Corporation Co., Ltd., NACHI-FUJIKOSHI CORPORATION (NACHI ROBOTIC SYSTEMS, INC.), Yaskawa Electric Corporation, Seiko Epson Corporation.
๐๐๐ฒ ๐๐จ๐ข๐ง๐ญ๐ฌ:
The report provides an extensive industrial robotics market analysis of the current and emerging trends and dynamics.
By type, the articulated segment was the largest revenue generator in 2020.
By end user industry, the electrical and electronics segment was the largest revenue generator in 2020.
On the basis of function, the materials handling segment generated the highest revenue in 2022.
Region wise, Asia-Pacific is anticipated to dominate the market throughout the study period.
David Correa
Allied Market Research
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