Industrial Automation Magazine India

Industrial Robots market size projected to reach USD 24500 Million by 2025

Published on : Monday 07-09-2020

The global Industrial Robots market size was 11300 million USD in 2018 and is expected to 24500 Million USD by the end of 2025.

Bangalore, September 3, 2020 – The major factors expected to increase the industrial robot market size are technological developments, labour shortages, and increased manufacturing requirements. The global Industrial Robots market size was 11300 million USD in 2018 and is expected to 24500 Million USD by the end of 2025, growing at a CAGR of 10.2% between 2019 and 2025. The Industrial Robots Market report by Valuates Reports studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter's Five Forces Analysis.

The rapid expansion of the automotive industry around the world, and the rising adoption of robotics in the non-automotive sector, including food & beverage, chemicals, rubber & plastics, and electronics / electrical, are boosting the growth of industrial robots market size.

Consumer's preference for shopping online is improving the e-commerce industry. Distribution centres, manufacturers, distributors, and facilities owners are now underlining the incorporation of automated robotic solutions. The integration of industrial robots to the e-commerce industry will help achieve on-time delivery, reduce labour costs, and increase efficiency and productivity. This increasing use of automated robots in the e-commerce industry is expected to drive the industrial robot market size.

Another factor driving the growth of industrial robots market size is the growing penetration of collaborative robots in various industries. Collaborative robots allow robots and humans to work effectively together in open or uncaged environments. Using collaborative robots makes it possible to involve a human operator and robot in the same process together.

The coordination of management, output, and control is crucial for the smooth running of the workflow in the industrial sector. The current transition from manual to automation is increasing demand for such industrial robots. The market for these robots is catching up due to the development of small and medium-sized businesses, growing technology investments in manufacturing, and imposing tight government restrictions on handling toxic materials and goods.

The key manufacturers in this market include: FANUC (Japan), KUKA (Germany), ABB (Switzerland), Yaskawa Motoman (Japan), Nachi (Japan), Kawasaki Robotics (Japan), Comau (Italy), EPSON Robots (Japan), Staubli (Switzerland), Omron Adept Technologies (US), DENSO Robotics (Japan), OTC Daihen (Japan), Panasonic (Japan), Toshiba (Japan), Mitsubishi Electric (Japan), Yamaha (Japan), Universal Robots (Denmark).