Industrial Robotics Market

Market Insights

The global industrial robotics market was worth $32.9 billion in 2017, and it is expected to grow at an 8.3% CAGR from 2018 to 2026. The accelerating pace of automation is transforming a wide range of industries. Therefore, robots have made their way and are spreading throughout warehouses and manufacturing facilities around the world. To a certain extent, the new wave of automation is driven by the same things that first brought robotics and automation into the workplace: to free human workers from dangerous, dirty, and dull jobs; improve quality by reducing variability; eliminate errors, and cut down manufacturing costs. The growing importance of workplace safety and rising demand for automating processes to increase efficiency, enhance safety, and reduce human errors are some of the major factors driving the growth prospects of the market worldwide.

Industrial robotics transformed traditional industrial processes, allowing manufacturers to increase productivity while improving quality and lowering costs. Industrial robots have been in the industry for a long time now. In 1970, approximately 200 robots were used in the U.S., which later increased to 4,000 in 1980 and 5,500 in 1981 and is still increasing. According to the International Federation of Robotics (IFR), the global sales of industrial robots increased by 31% and reached a new record of 387,000 units in 2017.

Market Snapshot

Articulated robots accounted for the largest market share in 2017.

In 2017, based on product type, articulated robots accounted for the largest market share in the global industrial robotics market. Articulated robots are most commonly used in factories worldwide. This type of robot has additional degrees of freedom than other robots on the market, which makes it more adaptable and appealing. Articulated robots can be used for different applications, including material handling, material removal, welding, and dispensing. Having the capability of performing a host of tasks in various industrial operations, articulated robots have seen widespread adoption over the years and are likely to maintain their dominance throughout the forecast period from 2018 to 2026.

Asia Pacific garnered the largest market share in 2017.

The industrial robotics market, based on geography, was dominated by the Asia-Pacific region in 2017. The region is expected to have the upper hand in the market throughout the forecast period owing to the presence of strong electronics and automotive industries. Also, some of the major players, such as ABB Ltd. and KUKA AG, have established their operations in the region. The strongest growth drivers for industrial robotics are found in countries including China, Japan, and the Republic of Korea. Owing to the booming automotive industries and rapid industrialization, the region is projected to witness notable growth in the years to come.

Competitive Insights

Major players in the industrial robotics market include ABB Ltd., Toshiba Machine Co., Ltd., YRG Inc., FANUC Corporation, Yaskawa Electric Corporation, Omron Adept Technologies, Inc., Panasonic Corporation, DENSO Robotics, Seiko, Epson Corporation, KUKA AG, Mitsubishi Electric Corporation, Staubli International AG, NACHI-FUJIKOSHI CORP., Kawasaki Heavy Industries, Ltd., Comau S.p.A., Daihen Corporation, Universal Robots, and CMA Robotics, among others.

New product development remains the key strategy adopted by the players to obtain an upper hand over the competitors present in the market. For instance, in June 2018, ABB Ltd. launched a third-generation Foundry Prime robot. The robot is designed for applications such as high-pressure water jet cleaning in tough industrial environments. The company has developed the robot to increase system uptime and reliability while reducing maintenance costs by 60%.

Periods of History and Forecast

The research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The industrial robotics market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global industrial robotics market based on product type, functionality, end-use vertical, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

• What was the size of the industrial robotics market in 2017, and what is the forecast up to 2026?
• What are the key factors driving the global industrial robotics market?
• What are the key market trends and high-growth opportunities observed in the industrial robotics market?
• Which is the largest regional market for industrial robotics?
• Which segment will grow at a faster pace? Why?
• Which region will drive the market’s growth? Why?
• Which players are leading the industrial robotics market?
• What are the sustainability strategies adopted by the key players operating in the market?

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Approach Adopted
1.3.4. Top-Down Approach
1.3.5. Bottom-Up Approach
1.3.6. Phase III – Expert Panel Review
1.3.7. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global IR Market
2.2. Global IR Market, by Product Type, 2017 (US$ Mn)
2.3. Global IR Market, by Functionality, 2017 (US$ Mn)
2.4. Global IR Market, by End-use Vertical, 2017 (US$ Mn)
2.5. Global IR Market, by Geography, 2017 (US$ Mn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global IR Market Value, 2016 – 2026, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. See-Saw Analysis
3.4. Impact Analysis of Drivers and Restraints
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Market Positioning of Key Players, 2017
3.6.1. Major Strategies Adopted by Key Players

4. Global Industrial Robotics (IR) Market, by Product Type , 2016 – 2026 (US$ Mn)
4.1. Overview
4.2. Articulated Robots
4.3. Linear Robots
4.4. Cylindrical Robots
4.5. Parallel Robots
4.6. SCARA Robots
4.7. Others (Delta Robots, Polar Robots, etc.)

5. Global Industrial Robotics (IR) Market, by Functionality, 2016 – 2026 (US$ Mn)
5.1. Overview
5.2. Soldering and Welding
5.3. Material Handling
5.4. Assembling & Disassembling
5.5. Painting & Dispensing
5.6. Milling, Cutting & Processing

6. Global Industrial Robotics (IR) Market, by End-use Vertical, 2016 – 2026 (US$ Mn)
6.1. Overview
6.2. Automotive
6.3. Electrical & Electronics
6.4. Plastics, Rubber and Chemicals
6.5. Metals & Machinery
6.6. Pharmaceutical
6.7. Food & Beverages
6.8. Precision Engineering & Optics
6.9. Others (Oil & Gas, Construction, etc.)

7. North America Industrial Robotics (IR) Market Analysis, 2016 – 2026 (US$ Mn)
7.1. Overview
7.1.1. North America IR Market Value and Growth, 2016 – 2026, (US$ Mn)
7.2. North America IR Market Value, By Product Type, 2016 – 2026 (US$ Mn)
7.2.1. Market Analysis
7.3. North America IR Market Value, By Functionality, 2016 – 2026 (US$ Mn)
7.3.1. Market Analysis
7.4. North America IR Market Value, By End-use Vertical, 2016 – 2026 (US$ Mn)
7.4.1. Market Analysis
7.5. North America IR Market Value, By Region/Country, 2016 – 2026 (US$ Mn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Industrial Robotics (IR) Market Analysis, 2016 – 2026 (US$ Mn)
8.1. Overview
8.1.1. Europe IR Market Value and Growth, 2016 – 2026, (US$ Mn)
8.2. Europe IR Market Value, By Product Type, 2016 – 2026 (US$ Mn)
8.2.1. Market Analysis
8.3. Europe IR Market Value, By Functionality, 2016 – 2026 (US$ Mn)
8.3.1. Market Analysis
8.4. Europe IR Market Value, By End-use Vertical, 2016 – 2026 (US$ Mn)
8.4.1. Market Analysis
8.5. Europe IR Market Value, By Region/Country, 2016 – 2026 (US$ Mn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific Industrial Robotics (IR) Market Analysis, 2016 – 2026 (US$ Mn)
9.1. Overview
9.1.1. Asia Pacific IR Market Value and Growth, 2016 – 2026, (US$ Mn)
9.2. Asia Pacific IR Market Value, By Product Type, 2016 – 2026 (US$ Mn)
9.2.1. Market Analysis
9.3. Asia Pacific IR Market Value, By Functionality, 2016 – 2026 (US$ Mn)
9.3.1. Market Analysis
9.4. Asia Pacific IR Market Value, By End-use Vertical, 2016 – 2026 (US$ Mn)
9.4.1. Market Analysis
9.5. Asia Pacific IR Market Value, By Region/Country, 2016 – 2026 (US$ Mn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World Industrial Robotics (IR) Market Analysis, 2016 – 2026 (US$ Mn)
10.1. Overview
10.1.1. Rest of the World IR Market Value and Growth, 2016 – 2026, (US$ Mn)
10.2. Rest of the World IR Market Value, By Product Type, 2016 – 2026 (US$ Mn)
10.2.1. Market Analysis
10.3. Rest of the World IR Market Value, By Functionality, 2016 – 2026 (US$ Mn)
10.3.1. Market Analysis
10.4. Rest of the World IR Market Value, By End-use Vertical, 2016 – 2026 (US$ Mn)
10.4.1. Market Analysis
10.5. Rest of the World IR Market Value, By Region, 2016 – 2026 (US$ Mn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. ABB Ltd.
11.2. Toshiba Machine Co., Ltd.
11.3. YRG Inc.
11.4. FANUC Corporation
11.5. Yaskawa Electric Corporation
11.6. Omron Adept Technologies, Inc.
11.7. Panasonic Corporation
11.8. DENSO Robotics
11.9. Seiko
11.10. Epson Corporation
11.11. KUKA AG
11.12. Mitsubishi Electric Corporation
11.13. Staubli International AG
11.14. NACHI-FUJIKOSHI CORP.
11.15. Kawasaki Heavy Industries, Ltd.
11.16. Comau S.p.A.
11.17. DAIHEN Corporation
11.18. Universal Robots
11.19. CMA Robotics

List of Figures

FIG. 1 Global Industrial Robotics (IR) Market: Research Methodology
FIG. 2 Market Size Estimation – Top-Down and Bottom Up Approach
FIG. 3 Global IR Market Segmentation
FIG. 4 Global IR Market, by Product Type, 2017 (US$ Mn)
FIG. 5 Global IR Market, by Functionality, 2017 (US$ Mn)
FIG. 6 Global IR Market, by End-use Vertical, 2017 (US$ Mn)
FIG. 7 Global IR Market, by Geography, 2017 (US$ Mn)
FIG. 8 Global IR Market Value, 2016 – 2026, (US$ Mn) and (Y-o-Y%)
FIG. 9 See-Saw Analysis: Global IR Market
FIG. 10 Attractive Investment Proposition, by Geography, 2017
FIG. 11 Global Market Positioning of Key Industrial Robotics Providers, 2017
FIG. 12 Global IR Market Value Share, by Product Type, 2017 & 2026 (Value %)
FIG. 13 Global Articulated Robots Market Value, 2016 – 2026, (US$ Mn)
FIG. 14 Global Linear Robots Market Value, 2016 – 2026, (US$ Mn)
FIG. 15 Global Cylindrical Robots Market Value, 2016 – 2026, (US$ Mn)
FIG. 16 Global Parallel Robots Market Value, 2016 – 2026, (US$ Mn)
FIG. 17 Global SCARA Robots Market Value, 2016 – 2026, (US$ Mn)
FIG. 18 Global IR Market Value for Others, 2016 – 2026, (US$ Mn)
FIG. 19 Global IR Market Value Share, by Functionality, 2017 & 2026 (Value %)
FIG. 20 Global IR Market for Soldering and Welding, 2016 – 2026, (US$ Mn)
FIG. 21 Global IR Market for Material Handling, 2016 – 2026, (US$ Mn)
FIG. 22 Global IR Market for Assembling & Disassembling, 2016 – 2026, (US$ Mn)
FIG. 23 Global IR Market for Painting & Dispensing, 2016 – 2026, (US$ Mn)
FIG. 24 Global IR Market for Milling, Cutting & Processing, 2016 – 2026, (US$ Mn)
FIG. 25 North America IR Market Value, 2016 – 2026, (US$ Mn)
FIG. 26 U.S. IR Market Value, 2016-2026, (US$ Mn)
FIG. 27 Rest of North America IR Market Value, 2016-2026, (US$ Mn)
FIG. 28 Europe IR Market Value, 2016 – 2026, (US$ Mn)
FIG. 29 U.K. IR Market Value, 2016-2026, (US$ Mn)
FIG. 30 Germany IR Market Value, 2016-2026, (US$ Mn)
FIG. 31 France IR Market Value, 2016-2026, (US$ Mn)
FIG. 32 Rest of Europe IR Market Value, 2016-2026, (US$ Mn)
FIG. 33 Asia Pacific IR Market Value, 2016 – 2026, (US$ Mn)
FIG. 34 Japan IR Market Value, 2016-2026, (US$ Mn)
FIG. 35 China IR Market Value, 2016-2026, (US$ Mn)
FIG. 36 India IR Market Value, 2016-2026, (US$ Mn)
FIG. 37 Rest of Asia Pacific IR Market Value, 2016-2026, (US$ Mn)
FIG. 38 RoW IR Market Value, 2016 – 2026, (US$ Mn)
FIG. 39 Middle East & Africa (MEA) IR Market Value, 2016-2026, (US$ Mn)
FIG. 40 Latin America IR Market Value, 2016-2026, (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Industrial Robotics (IR) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global IR Market, by Product Type, 2016-2026 (US$ Mn)
TABLE 5 Global IR Market, by Functionality, 2016 – 2026 (US$ Mn)
TABLE 6 Global IR Market, by End-use Vertical, 2016 – 2026 (US$ Mn)
TABLE 7 Global IR Market, by Geography, 2016 – 2026 (US$ Mn)
TABLE 8 North America IR Market, by Product Type, 2016-2026 (US$ Mn)
TABLE 9 North America IR Market, by Functionality, 2016 – 2026 (US$ Mn)
TABLE 10 North America IR Market, by End-use Vertical, 2016 – 2026 (US$ Mn)
TABLE 11 North America IR Market Value, by Region/Country, 2016 – 2026 (US$ Mn)
TABLE 12 U.S. IR Market, by Product Type, 2016-2026 (US$ Mn)
TABLE 13 U.S. IR Market, by Functionality, 2016 – 2026 (US$ Mn)
TABLE 14 U.S. IR Market, by End-use Vertical, 2016 – 2026 (US$ Mn)
TABLE 15 Rest of North America IR Market, by Product Type, 2016-2026 (US$ Mn)
TABLE 16 Rest of North America IR Market, by Functionality, 2016 – 2026 (US$ Mn)
TABLE 17 Rest of North America IR Market, by End-use Vertical, 2016 – 2026 (US$ Mn)
TABLE 18 Europe IR Market, by Product Type, 2016-2026 (US$ Mn)
TABLE 19 Europe IR Market, by Functionality, 2016 – 2026 (US$ Mn)
TABLE 20 Europe IR Market, by End-use Vertical, 2016 – 2026 (US$ Mn)
TABLE 21 Europe IR Market Value, by Region/Country, 2016 – 2026 (US$ Mn)
TABLE 22 U.K. IR Market, by Product Type, 2016-2026 (US$ Mn)
TABLE 23 U.K. IR Market, by Functionality, 2016 – 2026 (US$ Mn)
TABLE 24 U.K. IR Market, by End-use Vertical, 2016 – 2026 (US$ Mn)
TABLE 25 Germany IR Market, by Product Type, 2016-2026 (US$ Mn)
TABLE 26 Germany IR Market, by Functionality, 2016 – 2026 (US$ Mn)
TABLE 27 Germany IR Market, by End-use Vertical, 2016 – 2026 (US$ Mn)
TABLE 28 France IR Market, by Product Type, 2016-2026 (US$ Mn)
TABLE 29 France IR Market, by Functionality, 2016 – 2026 (US$ Mn)
TABLE 30 France IR Market, by End-use Vertical, 2016 – 2026 (US$ Mn)
TABLE 31 Rest of Europe IR Market, by Product Type, 2016-2026 (US$ Mn)
TABLE 32 Rest of Europe IR Market, by Functionality, 2016 – 2026 (US$ Mn)
TABLE 33 Rest of Europe IR Market, by End-use Vertical, 2016 – 2026 (US$ Mn)
TABLE 34 Asia Pacific IR Market, by Product Type, 2016-2026 (US$ Mn)
TABLE 35 Asia Pacific IR Market, by Functionality, 2016 – 2026 (US$ Mn)
TABLE 36 Asia Pacific IR Market, by End-use Vertical, 2016 – 2026 (US$ Mn)
TABLE 37 Asia Pacific IR Market Value, by Region/Country, 2016 – 2026 (US$ Mn)
TABLE 38 Japan IR Market, by Product Type, 2016-2026 (US$ Mn)
TABLE 39 Japan IR Market, by Functionality, 2016 – 2026 (US$ Mn)
TABLE 40 Japan IR Market, by End-use Vertical, 2016 – 2026 (US$ Mn)
TABLE 41 China IR Market, by Product Type, 2016-2026 (US$ Mn)
TABLE 42 China IR Market, by Functionality, 2016 – 2026 (US$ Mn)
TABLE 43 China IR Market, by End-use Vertical, 2016 – 2026 (US$ Mn)
TABLE 44 India IR Market, by Product Type, 2016-2026 (US$ Mn)
TABLE 45 India IR Market, by Functionality, 2016 – 2026 (US$ Mn)
TABLE 46 India IR Market, by End-use Vertical, 2016 – 2026 (US$ Mn)
TABLE 47 Rest of Asia Pacific IR Market, by Product Type, 2016-2026 (US$ Mn)
TABLE 48 Rest of Asia Pacific IR Market, by Functionality, 2016 – 2026 (US$ Mn)
TABLE 49 Rest of Asia Pacific IR Market, by End-use Vertical, 2016 – 2026 (US$ Mn)
TABLE 50 Rest of the World IR Market, by Functionality, 2016 – 2026 (US$ Mn)
TABLE 51 Rest of the World IR Market, by End-use Vertical, 2016 – 2026 (US$ Mn)
TABLE 52 Rest of the World IR Market Value, by Region, 2016 – 2026 (US$ Mn)
TABLE 53 Middle East & Africa IR Market, by Product Type, 2016-2026 (US$ Mn)
TABLE 54 Middle East & Africa IR Market, by Functionality, 2016 – 2026 (US$ Mn)
TABLE 55 Middle East & Africa IR Market, by End-use Vertical, 2016 – 2026 (US$ Mn)
TABLE 56 Latin America IR Market, by Product Type, 2016-2026 (US$ Mn)
TABLE 57 Latin America IR Market, by Functionality, 2016 – 2026 (US$ Mn)
TABLE 58 Latin America IR Market, by End-use Vertical, 2016 – 2026 (US$ Mn)
TABLE 59 ABB Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 60 Toshiba Machine Co., Ltd..: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 61 YRG Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 62 FANUC Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 63 Yaskawa Electric Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 64 Omron Adept Technologies, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 65 Panasonic Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 66 DENSO Robotics: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 67 Seiko: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 68 Epson Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 69 KUKA AG: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 70 Mitsubishi Electric Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 71 Staubli International AG: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 72 NACHI-FUJIKOSHI CORP.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 73 Kawasaki Heavy Industries, Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 74 Comau S.p.A.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 75 DAIHEN Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 76 Universal Robots: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 77 CMA Robotics Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)