GLOBAL INDUSTRIAL ROBOTS MARKET 2021-2028

Automation | Robotics

GLOBAL INDUSTRIAL ROBOTS MARKET 2021-2028

Market by Type, Application, Verticals, and Geography | Forecast 2021-2028

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Industrial robots are programmable, automated, and capable of movement on three or more dimensions. They are frequently adopted in an industrial environment for production. As per Triton Market Research, the global industrial robots market was valued at $38.02 billion in 2020 and is expected to reach $87.79 billion by 2028, growing at a CAGR of 10.35% during the forecast period from 2021 to 2028.


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Triton’s report on the industrial robots market provides an in-depth insight into the market. The detailed analysis of the market includes key insights, Porter’s five forces analysis, market attractiveness index, vendor scorecard, key strategies, and the impact of COVID-19 on the industrial robots market.

The market is driven by several factors, such as the rising R&D investments in robots, increasing adoption of industrial robots across industries, and emerging smart factories. Due to diversification and the development of robot technologies, there has been a rise in R&D investments in new robotic technology in recent years. The National Robotics Initiative (NRI) was launched in 2011 to assist fundamental robot R&D. Later on, NRI progressed from NRI-1.0 to NRI-2.0 with the backing of the US government. In addition, NRI-2.0 received $32 million in funding from the US government in 2020. Further, according to the International Federation of Robotics, in 2019, the Chinese government invested $577 million in developing intelligent systems. Additionally, Japan raised its robotics R&D budget in 2019 to $351 million, with the intent of becoming the world’s top robotics innovation hub. Also, under Horizon Europe, $240 million was allocated for the robotics-related work program 2021-2022 in Cluster 4. As a result, the rising R&D investments will boost the demand for industrial robots.

Furthermore, recent robots are energy-efficient, lowering energy consumption by assisting in the cost-effective manufacture of renewable energy equipment such as photovoltaics or hydrogen fuel cells. Robots produce fewer rejections and substandard goods through higher precision, which positively impacts the ratio of resource input over output. Further, many companies, policymakers, and key industry stakeholders are working towards reducing carbon footprint by combining robotic technology with artificial intelligence (AI)-powered applications. Also, many industrial robots replacing outdated equipment are more compact and efficient in terms of the amount of energy necessary to operate them. As a result, fewer pollutants are expelled into the air, creating a healthier bottom line for the manufacturer. The adoption of industrial robots is helping companies and manufacturers across industries to reduce their carbon footprints through increased efficiency and mitigation of error.

In contrast, the market has been affected due to the scarcity of a skilled workforce. Besides, the maintenance and repair costs of these robots are high. Robot’s programs need to be updated to suit the changing requirements. Also, the repair cost may be relatively high in case of breakdown, and the procedures to restore lost code or data may be time-consuming. Over the last decade, businesses have found it difficult to find competent workers to fill specialized jobs in their facilities. In this regard, automation adds another layer to the problem because robots require programming and expertise. Hence, the lack of a skilled workforce has become a great challenge in implementing industrial robots.



Key geographies covered in the global industrial robots market are:

•           North America: United States and Canada

•           Europe: United Kingdom, France, Germany, Spain, Italy, Russia, and Rest of Europe

•           Asia-Pacific: China, Japan, India, Australia & New Zealand, South Korea, ASEAN Countries, and Rest of Asia-Pacific

•           Latin America: Brazil, Mexico, and Rest of Latin America

•           Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa, and Rest of Middle East & Africa

The segmentation analysis of the industrial robots market includes:

•           Marked by Type:

           o          Articulated Robots

           o          Cartesian Robots

           o          SCARA Robots

           o          Cylindrical Robots

           o          Other Robots

•           Market by Application:

           o          Material Handling

           o          Assembling & Disassembling

           o          Welding & Soldering

           o          Dispensing

           o          Processing

           o          Other Applications

•           Market by Verticals:

           o          Automotive

           o          Electronic & Electric

           o          Machinery Products & Metal

           o          Chemical, Plastics, & Rubber

           o          Food & Beverage

           o          Other Verticals 

The well-known firms in the industrial robots market comprise Kuka AG, ABB Ltd, Fanuc Corporation, Nachi Fujikoshi Corporation, Kawasaki Heavy Industries Ltd, Rockwell Automation Inc, Schunk GmbH, Mitsubishi Electric Corporation, Rethink Robotics, Yamaha Robotics, Omron Adept, Seiko Epson Corporation, Aurotek Corporation, Universal Robots, and Staubli International AG. 

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Table of Content

1. GLOBAL INDUSTRIAL ROBOTS MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON INDUSTRIAL ROBOTS MARKET

2.2. KEY INSIGHTS

2.2.1. GROWING INDUSTRIAL IOT 4.0

2.2.2. USE OF ROBOTS TO REDUCE CARBON FOOTPRINT

2.2.3. INCORPORATING HUMAN-ROBOT INTERACTION IN INDUSTRIAL ROBOTS

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY MARKET STRATEGIES

2.6.1. CONTRACTS & AGREEMENTS

2.6.2. PRODUCT LAUNCHES

2.6.3. INVESTMENTS & EXPANSIONS

2.7. MARKET DRIVERS

2.7.1. RISING R&D INVESTMENTS IN ROBOTS

2.7.2. INCREASING ADOPTION OF INDUSTRIAL ROBOTS

2.7.3. EMERGING SMART FACTORIES

2.8. MARKET CHALLENGES

2.8.1. SCARCITY OF SKILLED WORKFORCE

2.8.2. RESISTANCE AMONG EMPLOYEES

2.8.3. HIGH COST OF INDUSTRIAL ROBOTS

2.9. MARKET OPPORTUNITIES

2.9.1. EMPLOYING COBOTS IN WORKPLACES

2.9.2. ADOPTION OF AUTONOMOUS MOBILE ROBOTS (AMRS)

2.9.3. UTILIZATION OF AI IN INDUSTRIAL ROBOTS

3. GLOBAL INDUSTRIAL ROBOTS MARKET OUTLOOK - BY TYPE

3.1. ARTICULATED ROBOTS

3.2. CARTESIAN ROBOTS

3.3. SCARA ROBOTS

3.4. CYLINDRICAL ROBOTS

3.5. OTHER ROBOTS

4. GLOBAL INDUSTRIAL ROBOTS MARKET OUTLOOK - BY APPLICATION

4.1. MATERIAL HANDLING

4.2. ASSEMBLING & DISASSEMBLING

4.3. WELDING & SOLDERING

4.4. DISPENSING

4.5. PROCESSING

4.6. OTHER APPLICATIONS

5. GLOBAL INDUSTRIAL ROBOTS MARKET OUTLOOK - BY VERTICALS

5.1. AUTOMOTIVE

5.2. ELECTRONIC & ELECTRIC

5.3. MACHINERY PRODUCTS & METAL

5.4. CHEMICAL, PLASTICS, & RUBBER

5.5. FOOD & BEVERAGE

5.6. OTHER VERTICALS

6. GLOBAL INDUSTRIAL ROBOTS MARKET – REGIONAL OUTLOOK

6.1. NORTH AMERICA

6.1.1. MARKET BY TYPE

6.1.2. MARKET BY APPLICATION

6.1.3. MARKET BY VERTICALS

6.1.4. COUNTRY ANALYSIS

6.1.4.1. UNITED STATES

6.1.4.2. CANADA

6.2. EUROPE

6.2.1. MARKET BY TYPE

6.2.2. MARKET BY APPLICATION

6.2.3. MARKET BY VERTICALS

6.2.4. COUNTRY ANALYSIS

6.2.4.1. UNITED KINGDOM

6.2.4.2. GERMANY

6.2.4.3. FRANCE

6.2.4.4. SPAIN

6.2.4.5. ITALY

6.2.4.6. RUSSIA

6.2.4.7. REST OF EUROPE

6.3. ASIA-PACIFIC

6.3.1. MARKET BY TYPE

6.3.2. MARKET BY APPLICATION

6.3.3. MARKET BY VERTICALS

6.3.4. COUNTRY ANALYSIS

6.3.4.1. CHINA

6.3.4.2. JAPAN

6.3.4.3. INDIA

6.3.4.4. SOUTH KOREA

6.3.4.5. ASEAN COUNTRIES

6.3.4.6. AUSTRALIA & NEW ZEALAND

6.3.4.7. REST OF ASIA-PACIFIC

6.4. LATIN AMERICA

6.4.1. MARKET BY TYPE

6.4.2. MARKET BY APPLICATION

6.4.3. MARKET BY VERTICALS

6.4.4. COUNTRY ANALYSIS

6.4.4.1. BRAZIL

6.4.4.2. MEXICO

6.4.4.3. REST OF LATIN AMERICA

6.5. MIDDLE EAST AND AFRICA

6.5.1. MARKET BY TYPE

6.5.2. MARKET BY APPLICATION

6.5.3. MARKET BY VERTICALS

6.5.4. COUNTRY ANALYSIS

6.5.4.1. UNITED ARAB EMIRATES

6.5.4.2. SAUDI ARABIA

6.5.4.3. TURKEY

6.5.4.4. SOUTH AFRICA

6.5.4.5. REST OF MIDDLE EAST & AFRICA

7. COMPETITIVE LANDSCAPE

7.1. ABB LTD

7.2. AUROTEK CORPORATION

7.3. FANUC CORPORATION

7.4. KAWASAKI HEAVY INDUSTRIES LTD

7.5. KUKA AG

7.6. MITSUBISHI ELECTRIC CORPORATION

7.7. NACHI FUJIKOSHI CORPORATION

7.8. OMRON ADEPT

7.9. RETHINK ROBOTICS

7.10. ROCKWELL AUTOMATION INC

7.11. SCHUNK GMBH

7.12. SEIKO EPSON CORPORATION

7.13. STAUBLI INTERNATIONAL AG

7.14. UNIVERSAL ROBOTS

7.15. YAMAHA ROBOTICS

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: GLOBAL INDUSTRIAL ROBOTS MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: GLOBAL INDUSTRIAL ROBOTS MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 4: GLOBAL INDUSTRIAL ROBOTS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 5: GLOBAL INDUSTRIAL ROBOTS MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)

TABLE 6: GLOBAL INDUSTRIAL ROBOTS MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)

TABLE 7: NORTH AMERICA INDUSTRIAL ROBOTS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 8: NORTH AMERICA INDUSTRIAL ROBOTS MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 9: NORTH AMERICA INDUSTRIAL ROBOTS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 10: NORTH AMERICA INDUSTRIAL ROBOTS MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)

TABLE 11: EUROPE INDUSTRIAL ROBOTS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 12: EUROPE INDUSTRIAL ROBOTS MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 13: EUROPE INDUSTRIAL ROBOTS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 14: EUROPE INDUSTRIAL ROBOTS MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)

TABLE 15: ASIA-PACIFIC INDUSTRIAL ROBOTS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 16: ASIA-PACIFIC INDUSTRIAL ROBOTS MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 17: ASIA-PACIFIC INDUSTRIAL ROBOTS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 18: ASIA-PACIFIC INDUSTRIAL ROBOTS MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)

TABLE 19: LATIN AMERICA INDUSTRIAL ROBOTS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 20: LATIN AMERICA INDUSTRIAL ROBOTS MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 21: LATIN AMERICA INDUSTRIAL ROBOTS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 22: LATIN AMERICA INDUSTRIAL ROBOTS MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)

TABLE 23: MIDDLE EAST AND AFRICA INDUSTRIAL ROBOTS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 24: MIDDLE EAST AND AFRICA INDUSTRIAL ROBOTS MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 25: MIDDLE EAST AND AFRICA INDUSTRIAL ROBOTS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 26: MIDDLE EAST AND AFRICA INDUSTRIAL ROBOTS MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: GLOBAL INDUSTRIAL ROBOTS MARKET, BY TYPE, 2020 & 2028 (IN %)

FIGURE 3: GLOBAL INDUSTRIAL ROBOTS MARKET, BY ARTICULATED ROBOTS, 2021-2028 (IN $ MILLION)

FIGURE 4: GLOBAL INDUSTRIAL ROBOTS MARKET, BY CARTESIAN ROBOTS, 2021-2028 (IN $ MILLION)

FIGURE 5: GLOBAL INDUSTRIAL ROBOTS MARKET, BY SCARA ROBOTS, 2021-2028 (IN $ MILLION)

FIGURE 6: GLOBAL INDUSTRIAL ROBOTS MARKET, BY CYLINDRICAL ROBOTS, 2021-2028 (IN $ MILLION)

FIGURE 7: GLOBAL INDUSTRIAL ROBOTS MARKET, BY OTHER ROBOTS, 2021-2028 (IN $ MILLION)

FIGURE 8: GLOBAL INDUSTRIAL ROBOTS MARKET, BY APPLICATION, 2020 & 2028 (IN %)

FIGURE 9: GLOBAL INDUSTRIAL ROBOTS MARKET, BY MATERIAL HANDLING, 2021-2028 (IN $ MILLION)

FIGURE 10: GLOBAL INDUSTRIAL ROBOTS MARKET, BY ASSEMBLING & DISASSEMBLING, 2021-2028 (IN $ MILLION)

FIGURE 11: GLOBAL INDUSTRIAL ROBOTS MARKET, BY WELDING & SOLDERING, 2021-2028 (IN $ MILLION)

FIGURE 12: GLOBAL INDUSTRIAL ROBOTS MARKET, BY DISPENSING, 2021-2028 (IN $ MILLION)

FIGURE 13: GLOBAL INDUSTRIAL ROBOTS MARKET, BY PROCESSING, 2021-2028 (IN $ MILLION)

FIGURE 14: GLOBAL INDUSTRIAL ROBOTS MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)

FIGURE 15: GLOBAL INDUSTRIAL ROBOTS MARKET, BY VERTICALS, 2020 & 2028 (IN %)

FIGURE 16: GLOBAL INDUSTRIAL ROBOTS MARKET, BY AUTOMOTIVE, 2021-2028 (IN $ MILLION)

FIGURE 17: GLOBAL INDUSTRIAL ROBOTS MARKET, BY ELECTRONIC & ELECTRIC, 2021-2028 (IN $ MILLION)

FIGURE 18: GLOBAL INDUSTRIAL ROBOTS MARKET, BY MACHINERY PRODUCTS & METAL, 2021-2028 (IN $ MILLION)

FIGURE 19: GLOBAL INDUSTRIAL ROBOTS MARKET, BY CHEMICAL, PLASTICS, & RUBBER, 2021-2028 (IN $ MILLION)

FIGURE 20: GLOBAL INDUSTRIAL ROBOTS MARKET, BY FOOD & BEVERAGE, 2021-2028 (IN $ MILLION)

FIGURE 21: GLOBAL INDUSTRIAL ROBOTS MARKET, BY OTHER VERTICALS, 2021-2028 (IN $ MILLION)

FIGURE 22: GLOBAL INDUSTRIAL ROBOTS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 23: UNITED STATES INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 24: CANADA INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 25: UNITED KINGDOM INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 26: GERMANY INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 27: FRANCE INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 28: SPAIN INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 29: ITALY INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 30: RUSSIA INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 31: REST OF EUROPE INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 32: CHINA INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 33: JAPAN INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 34: INDIA INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 35: SOUTH KOREA INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 36: ASEAN COUNTRIES INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 37: AUSTRALIA & NEW ZEALAND INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 38: REST OF ASIA-PACIFIC INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 39: BRAZIL INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 40: MEXICO INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 41: REST OF LATIN AMERICA INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 42: UNITED ARAB EMIRATES INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 43: SAUDI ARABIA INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 44: TURKEY INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 45: SOUTH AFRICA INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

FIGURE 46: REST OF MIDDLE EAST & AFRICA INDUSTRIAL ROBOTS MARKET 2021-2028 (IN $ MILLION)

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