Industrial Robotics Market to 2025 by Types (Articulated Robots, Cartesian Robots, SCARA Robots, and Collaborative Robots), Function (Soldering & Welding, Material Handling, Assembling & Disassembling, Painting & Dispensing, Milling, and Cutting & Processing), and Industry (Automotive, Medical & Pharmaceuticals, Electrical & Electronics, Rubber & Plastics, Metal & Machinery, and Food & Agriculture)– Global Analysis and Forecast
Industrial Robotics market is expected to grow US$ 48,166.9 million by 2025 from US$ 16,847.6 million in 2017. The sales of industrial robotics is largely influenced by numerous factors. On the basis of types, articulated robots are dominating the global industrial robotics market owing to their varied applications in different industries including automotive. Further, collaborative robots are experiencing the highest CAGR attributed to their high adaptability and low-cost as well as plug and play system type, resulting in high adoption of these robots by SMEs.
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Rise in the aging population worldwide which is leading to labor shortage is one of the major factors driving the growth of industrial robotics market. Certain countries such as Japan & Italy are in the list of top two countries of aging population proportion as a huge proportion of their population is above 65 years. Further, increasing demand for accuracy and fast production is influencing the growth trends of the market.
Japan’s population comprises of the largest number old citizens worldwide, in 2014, around 25.8% of the country’s population was aged 65 years or older, which increased to 26.3% in 2015, and is anticipated to nearly increase to one-third of Japan’s population by 2030. The rise in aging population has created a labor shortage problem globally thus, demanding a rise in penetration of industrial automation and robotics
High capital investment required for initial deployment of industrial robots may arise as a restraining factor in the market, which is limiting the adoption of industrial robots, particularly by SMEs. SMEs find the labor inexpensive than the deployment of industrial robots, especially in the developing countries. Therefore, this factor is one of the major factor that would restrict the market growth.
Also, key Industrial Robotics market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
Some of the key players influencing the market are ABB, Kuka AG, FANUC CORPORATION, Toshiba Machine, Mitsubishi Electric Corporation, Comau SpA, GE Inspection Robotics, Yaskawa Electric Corporation, Kawasaki Heavy Industries, Universal Robots A/S, NACHI-FUJIKOSHI CORP., Fuji Robotics, Clearpath Robotics, AgEagle Aerial Systems, AIRBORNE ROBOTICS GMBH, Aquabotix Technology Corporation, Bastian Solutions.
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