The global industrial robotics market Growth Accelerated by Adoption in Manufacturing Sector

Industrial Robotics Market

 

The industrial robotics market comprises robots used in manufacturing industries for carrying out tasks with repeatable accuracy and precision. Industrial robots help improve productivity, quality, and reduce downtime in industries such as automotive, electronics, metal, and rubber & plastics. They are integrated with vision systems and sensors to increase flexibility.

The global industrial robotics market is estimated to be valued at US$ 60.91 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The adoption of industrial robots in the manufacturing sector has increased significantly over the past few years. Robots perform repetitive and dangerous tasks with high accuracy and consistency, improving productivity and reducing costs. The use of robotics allows 24/7 operations with minimal human intervention. Furthermore, robots integrated with AI capabilities enable manufacturing industries to automate complex processes. With rising labor costs and the need to improve efficiency, manufacturers are increasingly adopting robotics solutions. Major automotive companies have invested heavily in robotic assembly lines. The growth of e-commerce has also boosted robotics adoption in warehouses for order fulfillment. This rising demand from manufacturing industries is a key factor propelling the industrial robotics market forward.

Segment Analysis

The global industrial robotics market is dominated by the automotive segment, accounting for nearly 30% of the total market share. Industrial robots are extensively used in the automotive industry for welding, painting, assembly, and packaging operations along various automobile production lines. Their deployment helps improve productivity and quality while reducing labor costs for automakers. Within the automotive segment, welding robots form the largest sub-segment due to their widespread application in joining metal components during vehicle assembly.

Key Takeaways

The Global Industrial Robotics Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. Rapid digitalization and automation across major end-use industries will drive the adoption of robotic solutions in manufacturing facilities. The global industrial robotics market is estimated to be valued at US$ 60.91 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023-2030.

Regional analysis: Asia Pacific currently holds the leading share in the industrial robotics market and is expected to maintain its dominance through 2030. Countries like China, Japan, and South Korea have a strong industrial manufacturing base and are major hubs for automotive and electronics production. Strong government support for industrial automation in these countries is supporting the growth of robotic installations.

Key players: Key players operating in the industrial robotics market include Fanuc, Yaskawa, ABB, Kawasaki, and Denso. Fanuc holds the largest market share owing to its vast product portfolio and global presence. Yaskawa and ABB are other prominent players focused on innovating collaborative robot technologies for small and medium enterprises.


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https://www.marketwebjournal.com/industrial-robotics-market-growth-and-trnds-analysis-share-size-demand-forecast/ 

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