Global Industrial Robots Market Report and Forecast 2024-2032

Global Industrial Robots Market Outlook

The global industrial robots market is likely to flourish at a CAGR of 11.4% during the forecast period 2024-2032. Applications across multiple segments are likely to stimulate growth. Common applications of industrial robots include arc welding, materials handling, painting, picking, packing, assembly, mechanical cutting, etc. North America, Asia and Europe are likely to emerge as major markets.

Global Market Likely to be Driven by Applications Across Segments

Industrial robots are machines programmed to automatically carry out tasks related to production in an industrial set up. Industrial robots are viewed as a type of flexible automation due to their capability to be reprogrammed and employed for various types of robotic applications. Industrial robots are becoming increasingly popular due to their efficacy in enhancing productivity, ability to assist in the production of high-quality products, and decreasing costs.

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Types of industrial robots generally used include nonservo robots (usually employed to pick, transport and place items down), servo robots (possess more capabilities and are equipped with effectors and manipulators that act as arms and hands, affording the robot more flexibility and movement), programmable robots (can store commands in a database and carry out tasks repeatedly for a fixed number of times), computer programmable robots (like servo robots capable of being controlled remotely by a computer).

Common robotic configurations include vertically articulated, delta, SCARA, polar cylindrical, and Cartesian.

Asia a Key Market; Important Segments Include Automotives and Electrical/Electronics

Asia is the largest market for industrial robots. It has been reported that in 2020, over seventy percent of all robots newly deployed were set up in Asia. Japan and China are the largest markets. Germany, Italy and France are major robot markets in Europe. Germany is one the five key robot markets alongside Japan, China, USA and Korea. In parts of Europe, robot demand is expected to be driven by demand for cost-effective robots in the general industry and outside of manufacturing, modernization of the manufacturing industry, and significant tax incentives. USA is the largest consumer of industrial robots in the Americas; important segments are automotives and electrical/electronics.

SMEs and Micro Enterprises are Adopting Automation and Robotics

SMEs and the skilled trades are witnessing increasing adoption of robotics and automation. For example, there has been growing demand for “seeing robots”, or industrial robots with camera technology. Cameras render the robots more flexible and accurate. Such robots have important uses in the industry, for example in stacking kiln bricks.

Kautenburger GmbH, in cooperation with Roboception and KUKA, developed a solution to stack and depalletize a broad variety of kiln bricks on kiln cars and pallets. Such developments are expected to boost the global industrial robots market.

Key Developments

In 2023, ABB took a step towards broadening its FlexPicker® Delta robot portfolio by introducing the fastest-in-class IRB 365 for packing and picking weights up to 1.5kg; it could reorient packed lightweight items like candies, chocolates, small bottles, cookies, parcels, and peppers. The solution was devised for applications where speed and adaptability of production line were crucial, such as food and beverage, pharmaceuticals and consumer goods. Such solutions are expected to boost the global industrial robots market.

In 2023, FANUC America supplemented its lineup with three new SCARA robot models to enable automation of packaging, assembly, inspection, and pick and place procedures.

In 2023, ABB introduced IRB 5710 and 5720 robots for intricate manufacturing functions; the solutions would offer enhanced productivity and better performance.

Market Segmentation

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By robot type, the market is segmented into:

• SCARA

• Articulated

• Cartesian/Linear

• Cylindrical

• Parallel

• Others

By industry, the market is divided into:

• Electrical and Electronics

• Automotive

• Food and Beverages

• Healthcare and Pharmaceuticals

• Metals and Machinery

• Rubber and Plastic

• Others

By region, the market is classified into:

• Europe

• North America

• Latin America

• Asia Pacific

• Middle East and Africa

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Key Industry Players in the Market

The report presents a detailed analysis of the following key players in the global industrial robots market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• ABB Ltd.

• Fanuc Corporation

• KUKA AG

• YASKAWA Electric Corporation

• Comau S.p.A.

• Seiko Epson Corporation

• Kawasaki Heavy Industries, Ltd.

• Mitsubishi Heavy Industries, Ltd.

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report