Industrial Robotics Market Surges to USD 35.4 Billion in 2022, Set to Grow at a CAGR of 15.4% from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Industrial Robotics market size accounted for USD 35.4 Billion in 2022, growing at a CAGR of 15.4% from 2023 to 2033. The industrial robotics market refers to the industry that deals with the development, manufacturing, and deployment of robots specifically designed for industrial applications. Industrial robots are programmable machines that can automate various tasks and processes in manufacturing, assembly, material handling, and other industrial operations. The industrial robotics market has been experiencing significant growth in recent years due to the increasing demand for automation solutions that can improve productivity, quality, and efficiency in manufacturing and industrial processes. Industrial robots offer advantages such as high precision, repeatability, speed, and the ability to work in harsh environments.
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Key Highlights:
• The global Industrial Robotics Market size was valued at USD 35.4 billion in 2022 growing at a CAGR of 15.4% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Industrial Robotics Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Industrial Robotics market report also includes the following data points:
• COVID19 Impact on Industrial Robotics market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Industrial Robotics market
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Key Players
Some of the major Industrial Robotics players holding high market share include ABB Ltd. (Abb Robotics), Daihen Corporation, Denso Corporation (Denso Robotics), and Fanuc Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• ABB LTD. (ABB Robotics)
• Daihen Corporation
• Denso Corporation (Denso Robotics)
• Fanuc Corporation
• Kawasaki Heavy Industries Ltd
• Kuka Robotics Corporation
• Mitsubishi Electric Corporation
• Nachi-Fujikoshi Corporation (Nachi Robotic Systems, Inc.)
• Panasonic Corporation
• Seiko Epson Corporation
• Universal Robots A/S
• Yaskawa Electric Corporation
Segmental Analysis
Market Segment By Type with focus on market share, consumption trend, and growth rate of Industrial Robotics Market:
o Articulated
o Cartesian
o SCARA
o Cylindrical
o Others
Market Segment By Function with focus on market share, consumption trend, and growth rate of Industrial Robotics Market:
o Soldering & Welding
o Materials handling
o Assembling & Disassembling
o Painting & Dispensing
o Milling, Cutting, & Processing
o Others
Market Segment By end-user with a focus on market share, consumption trend, and growth rate of the Industrial Robotics Market:
o Automotive
o Electrical & Electronics
o Chemical Rubber & Plastics
o Machinery
o Food & Beverages
o Others
Parameters Details
Market Size (2022) $ 35.4 Billion
CAGR (2023 to 2033) 15.4%
Market Segmentation Type, Function, End User
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Industrial Robotics Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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