Industrial Robotics Market - Latest Trends with Future Insights by 2029

Fairfield Market Research

Paradigm shifts and technological interventions have completely transformed the way industries operate, making a quantum leap toward automation. To this end, industrial robots are comprehensively being incorporated across food and beverage, metals and machinery, electronics, and semiconductors industries. Leveraging these industrial robots, organisations can efficiently automate mundane and repetitive tasks with great precision and accuracy. Against this backdrop, industrial robotics has gained considerable traction across diverse industrial applications including packaging and labelling, welding, assembly, painting, and product inspection. In addition, extensive use of industrial robotics in automotive and electronics manufacturing is poised to ameliorate the productivity of high-volume production lines. Such trends are setting the stage for the robust expansion of the global industrial robotics market.


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Miniaturisation, and Precision Robotics to Unlock New Avenues for Expansion of Industrial Robotics Market


Today, the periphery of robotics applications has expanded from being limited to heavy industries such as automobiles and energy. This can be attributed to the provided precision, optimal utilisation of resources, significant cost reductions, productivity enhancements, and better quality of outputs. In addition, the miniaturisation of robots & advent of nanorobotics has further tapped into new markets including instrumentation, electronics, and healthcare. With such a vast application base, industrial robotics has succeeded in accentuating its position in small and medium-sized enterprises (SMEs). Considering the aforementioned factors, the global industrial robotics market is anticipated to witness substantial growth in the years to come.


Ascending Demand for Collaborative Robots to Steepen Growth Curve of Industrial Robotics Market


Collaborative robots, also known as cobots, have been experiencing sharp spikes in demand across various industries. These cobots are designed in a way to interact and work in complete harmony with humans in the common workplace. Likewise, employing these cobots and automating tasks is plain sailing. Cobots can assist enterprises in packaging, screwing, pick-and-place, laboratory testing, assembly, and quality inspection. Moreover, the cobots are highly capable of performing repetitive tasks with great speed and accuracy, ensuring a safer environment for workers and production. Acknowledging these benefits and applications, various retailers, healthcare providers, and automotive manufacturers are rapidly advancing towards the adoption of collaborative robots. The steadily rising demand for industrial robotics is, in a way, paving pathways for the industrial robotics market expansion.


Asia Pacific to Slate Dominance in Industrial Robotic Market Owing to Rising Labour Costs


With consistently surging labour costs, the manufacturers in the Asia Pacific are opting for automation technologies, such as industrial robotics, to curtail the overall cost of production. Moreover, economies such as China are rebounding their production lines after undergoing a period of stark stagnation. In addition, Thailand and Taiwan are also propelling the adoption of automation technologies. Other macro factors such as a rise in disposable income, demand for consumer goods, population, and production capacity are instrumentally elevating the demand for industrial robots in the Asia Pacific.


Major Market Players


Some of the most prominent players consolidating stronghold positions in the global industrial robotics market include Bosch Rexroth (Germany), FANUC (Japan), ABB (Switzerland), ICR Services (US), KUKA (Germany), Mitsubishi Electric (Japan), YASKAWA (Japan), Denso Corporation (Japan), NACHI-FUJIKOSHI (Japan), Seiko Epson (Japan), Kawasaki Heavy Industries (Japan), Universal Robots (Denmark), DÜrr (Germany), Comau (Italy), Stäubli (Switzerland), IRS Robotics (Netherlands), B+M SURFACE SYSTEMS (Germany), Siasun Robotics (China), RobotWorx (US), Hyundai Robotics (South Korea), Rethink Robotics (Germany), Techman Robot (Taiwan), F&P Robotics (Switzerland), and FrankaEmika (Germany).


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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness. 

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