#Europe SCARA Robot Market Share
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Europe SCARA Robot Market - Forecast (2022 - 2027)
The present SCARA robots are equipped with battery power encoders. This type of SCARA robots requires high maintenance cost. To reduce the maintenance cost of the SCARA robots the SCARA robots manufacturing companies are now focusing on the implementation of the T3 technology in SCARA robots the engineer does not have to halt the system to swap the batteries. This T3 technology will also help in reducing the power consumption by 30%. By implantation of this technology which helps in reducing the maintenance cost is expected to drive the market of the SCARA robots in Europe. The Europe SCARA robot market is estimated to grow at a CAGR of 11.1% during forecast period i.e. 2018-2023. Germany is the fastest growing market with a CAGR of 14.5% which is mainly attributed to the growing demand from automotive industry. Italy and France are huge markets for SCARA Robots and thus have an immense demand for SCARA robots.
Europe SCARA Robot Market Outlook:
The SCARA stands for Selective Compliance Assembly Robot Arm or Selective Compliance Articulated Robot Arm. These are specially designed for the peg board type assembly and are heavily used in the electronics industry. These robots tend to be fairly small and capable of operating at high speed. They are used for assembly, palletisation and machine loading. Rising automotive production in Europe is driving the market. SCARA robots are used for different applications such as the assembling the vehicle parts of the vehicle, handling and transfer of the large automotive parts in this sector. SCARA Robots reduce the time taken for manufacturing of the vehicle and this is expected to create ample opportunities for SCARA robots. According to IndustryARC findings, 4-Axis SCARA robot will hold the largest market share during the forecast period. It is expected to generate the revenue of $159.4 and anticipated to grow with a CAGR of 12.6% during the forecast period 2018-2023.
The Europe SCARA robot market report comprises of pricing analysis for different types of axis types. The price of 6- Axis SCARA robot is the highest among all the other axis types.
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Europe SCARA Robot Market Growth Drivers:
The current SCARA robots are equipped with many wiring systems, by which the installation of the robot has become tough. The use of the advanced technology sensors in SCARA robots has reduced the cost and time of the installation by 35%. The use of the advanced technology in SCARA robots has also observed an increase in the installation of the robots. The increase in the installation of the robot for different applications is expected to drive the market.
Europe SCARA Robot Market Challenges:
The biggest challenge in the SCARA robot market is the increasing adoption of the articulated robots as the substitute for the SCARA robot. These articulated robots is robotic arm that includes rotary joints to carry out precise movements. However, the increasing adoption of the artificial intelligence in SCARA robots is expected to overcome the challenges faced by the SCARA robot.
Europe SCARA Robot Market Research Scope:
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them to understand the future of the plastics in electric vehicle market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Europe SCARA Robot market, and their specific applications.
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Plastics in Electric Vehicle Market Report: Industry Coverage
Types of SCARA robots: Hardware, Software, Services, Testing, Training, MaintenanceAxis
Types in SCARA robots: 3-Axis SCARA Robot, 4-Axis SCARA Robot, 5-Axis SCARA Robot, 6-Axis SCARA Robot
Applications of SCARA robots: Transportation, Packaging, Assembly, Inspections
End Users of SCARA robots: Electronics, Food and Beverage, Automotive, Pharmaceutical, Rubber and Plastic, Industrial & Manufacturing
The Europe SCARA Robot market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
Europe: The U.K., Germany, Italy, France, Spain, Rest of Europe
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Europe SCARA Robot Market Key Players Perspective:
Fanuc and ABB are analyzed to be the dominant players of the Europe SCARA Robot Market in 2017 with a share of 12.30% and 10.80% respectively. The increasing number of acquisitions and the product launches which are performed by both the prominent players are expected to continue the growth of the companies in Europe region.
Some of the other key players mentioned in this report are Kuka AG (Germany), Kawasaki (Japan), Epson Robots (U.S.), Stäubli (Switzerland), Omron Adept (U.S.), Denso Robotics (Germany), Nachi-Fujikoshi (Japan), Comau (Italy) among others.
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Europe SCARA Robot Market Trends:
The accessibility of the previously performed task by the SCARA robot has become the challenge to the manufacturers. To address the issue the upcoming SCARA robots are manufactured by adopting internet of things (IOT) technology. The use of this technology in SCARA robots will help in analyzing the previously performed tasks and will also help in increasing the productivity and efficiency.
To reduce the efforts of the installation of the SCARA robots manufactures are now adopting the use of the plug and play technology in SCARA robots. The use of this technology will help in easy installation of the robot and also helps in reducing the installation cost.
Many robots manufactures are now focusing on launching the ceiling mounted SCARA robots. With the launch of the new ceiling mounted SCARA robots the small companies are able to afford these robots and are allowing them to make more efficient use of the confined space. These ceiling mounted SCARA robots are expected to create ample opportunities in Europe.
The upcoming SCARA robots are equipped with the augmented reality and voice command system. The implementation of the new voice command system in SCARA robots which acts according to the instructions given by the individual is expected to create ample opportunities in the SCARA robot market.
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Warehouse Robotics Market - Forecast, 2024-2030
The Global Warehouse Robotics Market size is projected to reach US$6.2 billion by 2030, growing at a CAGR of 12% from 2024 to 2030. The Warehouse Robotics Market encompasses the automation sector dedicated to developing, deploying, and utilizing robotic systems within warehouse and distribution center settings. These robots undertake tasks like picking, sorting, packing, and transportation, aiming to boost operational efficiency, enhance order accuracy, ensure safety, and minimize labor costs. A pivotal trend influencing this market is the integration of cutting-edge technologies like Artificial Intelligence (AI), machine learning, and the Industrial Internet of Things (IIoT). These advancements empower robots to operate autonomously, make real-time decisions, and communicate seamlessly with other warehouse systems, driving higher productivity, accuracy, and adaptability. E-commerce's surge significantly propels the warehouse robotics market forward. With online shopping's exponential growth, retailers and logistics firms face mounting pressure to swiftly and accurately fulfill orders. Warehouse robots offer a scalable solution to manage these demands, enabling companies to optimize order fulfillment processes and navigate peak periods efficiently. Moreover, there's a mounting emphasis on warehouse digitalization and inventory management, spurred by the quest for enhanced visibility and control over inventory levels. Robotics technologies such as automated storage and retrieval systems (AS/RS) and sortation robots play a pivotal role in optimizing warehouse space usage and inventory tracking. The factors such as the proliferation of advanced technologies, the expansion of e-commerce, and the increasing focus on operational efficiency and safety are expected to drive market expansion in the foreseeable future.
Report Coverage
The report: “Warehouse Robotics Industry Outlook – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Warehouse Robotics industry.
By Product Type: Autonomous Mobile Robot (AMR), Articulated Robots, Cylindrical Robots, SCARA Robots, Collaborative Robots, Parallel Robots, Cartesian Robots and Others.
By Payload Capacity: less than 20Kg, 20-100Kg, 100-300Kg and greater than 300Kg.
By System Type: Knapp Open Shuttle, Locus Robotics System, Fetch Robotics Freight, Scallog System and Swisslog Carrypick.
By Components: Programmable Logic Controller, Microprocessors and Microcontrollers, Actuators, Sensors and RF Module.
By Software: Warehouse management system, Warehouse execution system, Warehouse control system and Others.
By Function: Pick & Place, Assembling & Dissembling, Transportation, Sorting & Packaging and Others.
By End-use Industry: E-commerce, Automotive, Consumer Electronics, Food & Beverages, Healthcare, Metal & Machinery, Textile, Chemical and Others.
By Geography: North America (the US, Canada and Mexico), South America (Brazil, Argentina and Others), Europe (the UK, Germany, France, Italy, Spain and Others), APAC (China, Japan, South Korea, India, Australia and Others) and RoW (the Middle East and Africa).
Key Takeaways
• In the Warehouse Robotics market report, the autonomous mobile robots’ segment is analyzed to grow at a significant CAGR of 14.9% due to its high accuracy, increased efficiency and widespread applications across industry verticals.
• The E-commerce industry is expected to grow at the highest rate with a CAGR of 15.2% owing to factors such as rising demand for distribution center automation, fulfillment automation, growing demand for order accuracy and rising competition among the companies.
• North America held the largest market share of 34% in 2023 in the global Warehouse Robotics Market, owing to factors such as rapid R&D investments towards robotics and increasing adoption of robots for process automation.
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Warehouse Robotics Market Set For Rapid Growth In The Forecast Period 2020–2030
The global market for warehouse robotics reached a valuation of $4.4 billion, a figure poised to surge to $15.7 billion by 2030, marking a notable Compound Annual Growth Rate (CAGR) of 13.2% from 2020 to 2030.
Warehouse robotics encompass a spectrum of automated systems, including software and bagging machines, designed to expedite packaging operations. Within warehouses, robots fulfill a myriad of functions such as pick-placing, transportation, packaging, and palletizing.
The convergence of warehouse operations with robotics technology not only enhances precision and streamlines automation but also augments storage capacity and operational efficiency. The upward trajectory of the global warehouse robotics market is propelled by escalating demand for automation, fueled by intense competition within the e-commerce sector, proliferation of stock-keeping units, and technological advancements.
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Segmented by robot type, the market features classifications such as SCARA, cylindrical, parallel, mobile, parallel robots, and Cartesian robots. Presently, mobile robots reign supreme in the global market, closely followed by stationary articulated robots.
Conversely, SCARA robots are anticipated to witness a decline in market share owing to the burgeoning adoption of autonomous mobile robots. While stationary articulated robots are poised to grow at a rate of 7.5%, mobile robots are projected to expand at a slightly slower pace of 6.5% during the forecast period. Furthermore, the burgeoning e-commerce, food & beverages, pharmaceutical, and automotive industries are expected to catalyze the adoption of these robots in the foreseeable future.
Function-wise segmentation categorizes the market into pick & place, assembling-dissembling, transportation, and packaging, with the pick & place segment commanding the highest revenue, closely trailed by packaging. The pick & place segment is forecasted to exhibit a robust CAGR of 17.3% during the projection period.
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End-user segmentation delineates categories such as e-commerce, automotive, food & beverages, electronics & electrical, metal, pharmaceuticals, and others. Among these, the e-commerce segment holds the lion's share, followed by the automotive industry.
Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA, with North America emerging as the primary adopter of warehouse robotics, closely trailed by Asia-Pacific. Notably, Asia-Pacific is anticipated to register a CAGR of 5.9% during the forecast period. North America is poised to maintain its dominance in the global warehouse robotics market share, attributed to the burgeoning growth witnessed in the e-commerce, food & beverage, metal & machinery, and electronic & electrical industries.
Top Players:
Key players in the warehouse robotics industry include ABB Ltd., Fanuc Corp., Kuka AG, Yaskawa Electric Corp., Amazon Robotics (Amazon.com Inc.), Yamaha Robotics, Fetch Robotics Inc., Locus Robotics, Omron Corporation, Honeywell International Inc., and Siemens AG.
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The Report Covers Global Automotive Robotics Market Share & Trends and it is Segmented by End-user Type (Vehicle Manufacturers and Automotive Component Manufacturers), Component Type (Controller, Robotic Arm, End effector, and Drive and Sensors), Product Type (Cartesian Robots, SCARA Robots, Articulated Robot, and Other Product Types), Function Type (Welding Robot, Painting Robot, Assembling and Disassembling Robot, Cutting, and Milling Robot), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).
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Robot Operating System (ROS) Market Size, Share | Forecast to 2029
According to Precision Business Insights, the global Robot Operating System Ros Market is poised to grow at a significant CAGR of 9.4% from 2023-2029
The global Robot Operating System (ROS) Market size was valued at USD X billion in 2022 and is poised to grow at a significant CAGR of 9.4% during the forecast period 2023-29. It also includes market size and projection estimations for each of the five major regions from 2023 to 2029. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and further split by nations and categories within each region. The research also includes factors and barriers to the Robot Operating System (ROS) Market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
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The global Robot Operating System (ROS) Market segmentation:
1)ByRobot Type : SCARA Robots, Articulated Robots, Cartesian Robots, Parallel Robots and Collaborative Robots.
2)By Application : Plastic Injection and Blow Molding, Pick and Place, Testing and Quality Inspection, Metal Stamping and Press Trending, Co-Packing and End of Line Packaging, Computer Numerical Control Machine Tending and Printed Circuit Board Handling and Information Communication and Technology.
3) By End User : Electrical and Electronics, Automotive, Plastics, Rubber, and Chemicals, Food and Beverages, Healthcare, Metal and Machinery.
The primary factors of the Robot Operating System (ROS) Market drivers are the increasing demand for industrial automation among smes and large enterprises. The Robot Operating System (ROS) Market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The Robot Operating System (ROS) Market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific was the largest region in the Robot Operating System (ROS) Market report, accounting for the highest share in 2022. It was followed by Asia Pacific, and then the other regions .Request sample report at -https://www.precisionbusinessinsights.com/request-sample/?product_id=37487
The important profiles and strategies adopted by Robot Operating System (ROS) Market key players are ABB, FANUC, KUKA AG, Yaskawa Electric Corporation, Denso, Microsoft, Omron, Universal Robots, Clear path Robotics, iRobot Corporation. covered here to help them in strengthening their place in the market.
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Food Robotics Market Industry Share & Size Analysis
Food Robotics Market, Type (Articulated, Cartesian, SCARA, Parallel, Collaborative, Cylindrical), Payload (Heavy, Medium, Low), Function (Palletizing, Packaging, Repackaging, Picking, Processing), Application (Beverage, Meat, Poultry, and Seafood, Dairy Products, Dairy Products, Fruits & Vegetables) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
The global food robotics market is anticipated to reach USD 2.1 billion in 2021 growing at a CAGR of 12.9% during the forecasting period, 2021-2028.
Transformation in technologies in various domains has created the demand for robotics in various industries. The food industry is now using a cost-efficient automated solution in order to generate higher production as compared to conventional methods.
Increasing population and growing demand for improved productivity in food processing are some of the factors that have supported long-term expansion for the food robotics industry.
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Key Findings
Global food robotics market is segmented into type, payload, function, application, and geography.
Type segment is segmented Articulated, Cartesian, SCARA, Parallel, Collaborative, and Cylindrical
Payload segment is segmented into Heavy, Medium, and Low
Function segment is segmented into Palletizing, Packaging, Repackaging, Picking, and Processing
Application segment is segmented into Beverage, Meat, Poultry, and Seafood, Dairy Products, Dairy Products, Fruits & Vegetables
Geographically, the global food robotics market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
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Regional Analysis
Asia-Pacific region has recorded the highest growth rate in the overall global market during the forecast period 2021-2028.
Competitive Landscape
Key players in the global food robotics market are
ABB Group,
KUKA AG,
Fanuc Corporation,
Kawasaki Heavy Industries Ltd.,
Rockwell Automation Inc.,
Mitsubishi Electric Corporation,
Yasakawa Electric Corporation,
Denso Corporation,
Nachi-Fujikoshi Corporation,
OMRON Corporation,
Universal Robots A/S,
Staubli International AG,
Bastian Solutions LLC,
Schunk GmbH,
Asic Robotics AG,
Mayekawa Mfg. Co. Ltd.,
Apex Automation & Robotics,
Aurotek Corporation,
Ellison Technologies Inc.,
Fuji Robotics,
Moley Robotics
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Recent Developments
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:
In 2018, ABB launched new robotic systems for the food and beverage industry at PackExpo for improvising processes and reduce production costs
Reasons to Acquire
Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
Gain authentic and granular data access for food robotics market so as to understand the trends and the factors involved in changing market situations
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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The Food Robotics Market report answers a number of crucial questions, including:
Which companies dominate the Food Robotics Market?
What current trends will influence the market over the next few years?
What are the market's opportunities, obstacles, and driving forces?
What predictions for the future can help with strategic decision-making?
What advantages does market research offer businesses?
Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
What is the anticipated growth rate for the market economy globally?
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Robot Operating System Industry worth $1,082 million by 2028
The report "Robot Operating System Market by Robot Type (Articulated, SCARA, Cartesian, Collaborative, Autonomous Mobile, Parallel), Application (Pick & Place, Testing & Quality Inspection, Inventory Management), End User and Region - Global Forecast to 2028" The robot operating system market is projected to grow from USD 581 million in 2023 and is projected to reach USD 1,082 million by 2028; it is expected to grow at a CAGR of 13.2% from 2023 to 2028. Increasing demand for robotics-as-a-service models is one of the major opportunities in the market.
The collaborative robots segment holds the second highest CAGR during the forecast period.
Collaborative robots are the most customized robots compared to others, such as parallel or SCARA robots; they can be modified per the intended application or requirement for modularity, safety, ease of performance, and efficiency. Industries such as automotive, electronics, and pharmaceutical actively integrate collaborative robots into their production processes to enhance efficiency, productivity, and flexibility. As the demand for collaborative robots is increasing, a significant demand for robot operating systems is expected during the forecast period.
Automotive industry to hold the largest market share during the forecast period.
The robot operating system is highly incorporated into robots used in the automotive industry. The implementation of robots can help manufacturers reduce time-to-market, cut product costs, lower energy consumption, and more. As automotive manufacturers look to remain competitive, they expect robotics to continue playing a pivotal role in the automotive industry's evolution.
Europe grew with the second highest CAGR during the forecast period.
Emerging European markets such as the UK and Germany are expected to offer significant opportunities in the robot operating system market. The increasing adoption of IoT and connected devices, growing deployment of automation solutions such as Programmable Logic Controllers (PLC) and Manufacturing Execution Systems (MES) by the automotive industry, and rising adoption of Industry 4.0 are some of the key factors driving the adoption of robot operating system in the region.
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In the robot operating system market, the key and emerging market players include ABB Ltd. (Switzerland), FANUC (Japan), KUKA AG (Germany), Yaskawa Electric Corporation (Japan), Denso (Japan), Microsoft (US), Omron Corporation (Japan), Universal Robotics (Denmark), Clearpath Robots (Canada), iRobot Corporation (US), Apart from these, Pal Robotics (Spain), Robotnik (Spain), Rethink Robotics (Germany), Stanley Innovation (US), Husarion (Poland), Neobotix (Germany), Shadow Robot (UK), Yamaha Motor (Japan), Estun Automation (China), Shibaura Machine (Japan), Hirata Corporation (Japan), Techman Robot (Taiwan), Franka Emika (Germany), Bosch Rexroth AG (Germany), and Kawasaki Heavy Industries (Japan)
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Industrial Robotics Market Scope By Industry Statistics, Trends and Investment Opportunities Analysis till 2030
Research Nester published a report titled “Industrial Robotics Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global industrial robotics market in terms of market segmentation by type, application, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global industrial robotics market is anticipated to record a significant CAGR throughout the forecast period, i.e., 2021 – 2030. Currently, several organizations are shifting towards industrial robotic solutions from manual labor owing to improved efficiency and reduced labor cost. Although initially, the purchasing amount of robot is high, once purchased, it offers high efficacy along with increased profit and productivity. These are expected to operate as key opportunities for the market in the upcoming years.
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The market is segmented by type, application and end user. Based on type, the market is segmented into SCARA, articulated, parallel, cylindrical, Cartesian and others, out of which, the articulated robot segment is anticipated to hold the largest share owing to the high usage of these robots in applications such as material handling, assembling and others.
Furthermore, on the basis of end user, the automotive segment is projected to gather the largest share on the back of increasing number of electric vehicles and growing use of AI in automobiles.
Based on the geographical analysis, the industrial robotics market is segmented into five major regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The in Asia Pacific is anticipated to hold the leading share on the back of increasing population as well as disposable income in the region. Moreover, low cost of production and increasing international investment is predicted to boost the market growth in the upcoming years.
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Rapid Growth of Industrialization to Drive Market Growth
Hike in industrial development around the world is giving rise to a new era of robotics. As robots do not face any sort of injuries or fatalities in the workplace, a healthy and safe work environment is created. Furthermore, accuracy and precision are the top advantages when working with industrial robotics systems in a working facility. This is anticipated to lead to the growth of the market in the near future.
However, concerns regarding the high cost involved with the deployment as small and medium enterprises are engaged in low volume production and hence, return on investment is expected to be a major challenge for the market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of industrial robotics market which includes company profiling of Fanuc Corporation, ABB, Ltd, Switzerland, Yaskawa Electric Corporation, Kuka AG, Trapo AG, Toolmotion GmbH, Nimak Gmbh, Staubli International AG, Sierra Tango Robotics, Rethink Robotics, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the industrial robotics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Global Assembly Robot Market Outlook till 2033
The global assembly robot market is expected to reach a value of US$44.446.9 million by 2033, growing at a CAGR of 11.6% from 2023 to 2033. The market is driven by the increasing demand for assembly robots in the automotive, electronics, and medical industries.
The automotive industry is the largest end-user of assembly robots, accounting for a share of over 20% of the market in 2022. The increasing demand for electric vehicles is expected to drive the growth of the assembly robot market in the automotive industry.
The electronics industry is another major end-user of assembly robots, accounting for a share of over 15% of the market in 2022. The increasing demand for smartphones, tablets, and other electronic devices is expected to drive the growth of the assembly robot market in the electronics industry.
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Plastic Aerosol Packaging: Key players
ABB
DOBOT.nu
FANUC America Corporation
FISNAR
Kawasaki Robotics (USA), Inc.
KUKA AG
Omron Corporation
Phoenix Control Systems Ltd.
Steven Douglas Corp.
TIESSE ROBOT SpA
Competitive Landscape
Fact.MR profiled the following top companies in assembly robot market in its report. Those companies are ABB, DOBOT.nu, FANUC America Corporation, FISNAR, Kawasaki Robotics (USA), Inc., KUKA AG, Omron Corporation, Phoenix Control Systems Ltd., Steven Douglas Corp, TIESSE ROBOT SpA, Universal Robots, Yaskawa America, Inc.
Assembly robots can also perform different tasks such as part identification based on their shape, size, and color. Further, it can also sort the parts as per the programmed task. This process can be made easier and effective by the introduction of highly sensitive and highly advanced sensors.
Key players should focus on integrating their robots with such advanced technologies for better sales opportunities for the product. In addition, making such assembly robots available at cost-effective prices for the end users can provide a margin for revenue generation.
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Segmentation of Assembly Robot Industry Research
· By Robot Type :
o Articulated robots
o Cartesian robots
o SCARA robots
o Other robots
· By Axes :
o 4 Axis or less
o 5 axis
o 6 axis or more
· By Application :
o Packaging
o Palletizing
o Material handling
o Painting
o Welding
o Assembly
o Inspection
o Cutting
o Dispensing
· By End Use Vertical :
o Aerospace and Defense
o Automotive
o Chemicals & Materials
o Electrical & Electronics
o Food and Beverage
o Healthcare
o Mining & Oil & Gas
o Retail & e-Commerce
o Logistics & Warehousing
o Packaging
o Others
· By Region :
o North America
o Latin America
o Europe
o East Asia
o South Asia and Oceania
o Middle East & Africa
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Global Digital Transformation Market Growth to be by a CAGR of ~17% throughout 2022 – 2030 Owing to the Emergence of Industry 4.0 in the Manufacturing Sector Worldwide
Research Nester published a report titled “Digital Transformation Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobaldigital transformation market in terms of market segmentation by technology, deployment, vertical, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global digital transformation market is estimated to occupy a large amount of revenue by recording a CAGR of ~17% during the forecast period, i.e., 2022 – 2030, owing to the advent of industry 4.0 in the manufacturing sector across the globe for improving, automating and modernizing processes. Apart from these, growing integration of digital transformation technologies such as IoT and wireless communication, and increasing usage of mobile devices, smartphones and applications across business processes and departments are also expected to drive market growth in the forthcoming years.
The market is segmented by technology, deployment and vertical. Based on technology, the industrial robotics segment is anticipated to grab the largest market share during the forecast period on the back of rising adoption of technologies such as collaborative robots, SCARA robots, and single-axis. Additionally, by vertical, the BFSI segment is projected to gather the largest share over the forecast period ascribing to the large volumes of data generated in this industry every day.
Geographically, the global digital transformation market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the wide usage of variety of online payment methods in the retail sector, and high penetration of internet-based services in the region. Moreover, Asia Pacific is predicted to register noteworthy market growth in view of the increasing usage of cloud technologies among several industries, and rising number of SMEs in the region. According to the SME Finance Forum, SMEs comprise more than 98 percent of the total enterprises in the Asia and Pacific region. These organizations account for about 17 percent to the national GDP in low-income countries, and about 40 to 50 percent in higher income countries.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Advent of Industry 4.0 in the Manufacturing Sector Globally to Boost Market Growth
The expanding usage of advanced technologies such as cloud, big data and analytics, mobility and IoT, has given rise to innovation and transformation in several verticals, especially the manufacturing sector. Enterprises have begun incorporating big data and business intelligence for obtaining real-time information and gain actionable insights, which in turn is predicted to drive the market growth in the near future.
However, security concerns regarding confidential data are expected to operate as key restraint to the growth of the global digital transformation market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global digital transformation market which includes company profiling of Siemens AG, Google LLC, Accenture PLC, IBM Corporation, Microsoft Corporation, Apple, Inc., ADOBE, Inc., Broadcom, Inc., Dell Technologies Inc., Hewlett Packard Enterprise Company, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global digital transformation market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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About Research Nester
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
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Industrial Robotics Market By System Type, End User, Region, Industry Analysis & Forecast 2022-2028
By the end of 2028, the global Industrial Robotics Market is expected to exceed US$ 96.82 billion. Future Market Insights has released a new market research report on the Industrial Robotics Market, which includes global industry analysis 2014-2018 and opportunity assessment 2022-2028. The report investigates the industrial robotics market and offers critical insights for the 2022-2028 forecast period.
According to the report's findings, the global industrial robotics market is expected to grow significantly over the forecast period due to multiple driving factors such as the adoption of Internet of Things (IoT) in industries and the growing digitalization of the manufacturing industry across geographies.
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The global industrial robotics market was valued at ~US$ 17 Bn in 2018 and is estimated to increase at a CAGR of ~18% between the forecast periods of 2019 and 2029. This growth is driven by the increasing applications of industrial robotics in the automotive industry, electrical/electronics industry, and auxiliary industry, among others.
Furthermore, macroeconomic factors such as growing population, rapid industrialization, and urbanization, are some of the factors driving the growth of the industrial robotics market. The automotive industry in East Asia has gained a considerably positive momentum over the past years, which has increased the adoption SCARA robots and articulated robots in the manufacturing process and is estimated to indicate the rewarding growth of industrial robotics market in the East Asia region.
Automotive Industry to Remain Key End-use Industry of Industrial Robotics
The global market of industrial robotics has been segmented on the basis of different types of industrial robots, their multiple applications, end use industries, and regions such as North America, South Asia, Europe, East Asia, and the Rest of the World.
By product type, the articulated robots segment is estimated to hold a significant share of the global industrial robotics market in terms of value. This has mainly resulted from the rising productivity in manufacturing processes and improving quality of products.
On the basis of end use, the automotive industry is estimated to hold substantial market share of the industrial robotics market in terms of value. This is driven by digitalization of manufacturing processes. Moreover, it is expected that the application of industrial robotics in the electrical/electronics industry will be prominent throughout the forecast period.
On the basis of application, the handling operations segment is projected to consume majority share of the global industrial robotics market value. Also, the welding segment is estimated to project lucrative growth in the industrial robotics market over the forecast period.
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Industrial Robotics Market: Vendor Insights
The report indicates some of the prominent market players, who are recognized as leaders in the global industrial robotics market. These key market players in the global industrial robotics market are Yaskawa Electric Corporation, FANUC Corporation, Kawasaki Heavy Industries Ltd, Kuka AG, Mitsubishi Electric, Teradyne Inc. (Universal Robots), ABB Ltd., Yamaha Motor Co., Ltd., Hirata, Corporation, and Denso Wave Incorporated, among others.
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Warehouse Robotics Market - Forecast(2022 - 2027)
Warehouse Robotics Market Overview
The Global Warehouse Robotics Market size is projected to reach US$9.5 billion by 2027, growing at a CAGR of 14% from 2022 to 2027. The lucrative benefits of automated warehouse robots offer intelligent warehousing. In other words, it offers increased safety, efficiency, improved order accuracy and reduced labor costs which are the primary factors propelling the growth of the Warehouse Robotics Market during the forecast period. Additionally, the growing proliferation of the Industrial Internet of Things, Artificial Intelligence, machine learning and other technologies are expected to fuel overall market growth. The growing e-commerce industry and the introduction of advanced technologies in robotics such as robotics in logistics, automated warehouse robots, sortation robots and the rising need for intelligent warehousing, warehouse digitalization and inventory management are fostering the demand for the Warehouse Robotics market. Growing demand for distribution center automation and fulfillment automation, as well as increased awareness of quality and safety products, would drive market growth in the coming years. These aforementioned factors would positively influence the Warehouse Robotics Industry outlook during the forecast period.
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Report Coverage
The report: “Warehouse Robotics Industry Outlook – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Warehouse Robotics industry.
By Product Type: Autonomous Mobile Robot (AMR), Articulated Robots, Cylindrical Robots, SCARA Robots, Collaborative Robots, Parallel Robots, Cartesian Robots and Others.
By Payload Capacity: less than 20Kg, 20-100Kg, 100-300Kg and greater than 300Kg.
By System Type: Knapp Open Shuttle, Locus Robotics System, Fetch Robotics Freight, Scallog System and Swisslog Carrypick.
By Components: Programmable Logic Controller, Microprocessors and Microcontrollers, Actuators, Sensors and RF Module.
By Software: Warehouse management system, Warehouse execution system, Warehouse control system and Others.
By Function: Pick & Place, Assembling & Dissembling, Transportation, Sorting & Packaging and Others.
By End-use Industry: E-commerce, Automotive, Consumer Electronics, Food & Beverages, Healthcare, Metal & Machinery, Textile, Chemical and Others.
By Geography: North America (the US, Canada and Mexico), South America (Brazil, Argentina and Others), Europe (the UK, Germany, France, Italy, Spain and Others), APAC (China, Japan, South Korea, India, Australia and Others) and RoW (the Middle East and Africa).
Key Takeaways
In the Warehouse Robotics market report, the autonomous mobile robots segment is analyzed to grow at a significant CAGR of 14.9% due to its high accuracy, increased efficiency and widespread applications across industry verticals.
The E-commerce industry is expected to grow at the highest rate with a CAGR of 15.2% owing to factors such as rising demand for distribution center automation, fulfillment automation, growing demand for order accuracy and rising competition among the companies.
North America held the largest market share of 34% in 2021 in the global Warehouse Robotics Market, owing to factors such as rapid R&D investments towards robotics and increasing adoption of robots for process automation.
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Warehouse Robotics Market Segment Analysis - by Product Type
Based on Product Type, the autonomous mobile robots segment in the Warehouse Robotics Market report is analyzed to grow with the highest CAGR of 14.9% during the forecast period 2022-2027. The growing adoption of these automated warehouse robots can be attributed to their widespread benefits such as high accuracy, increased efficiency and safer transportation of materials as they are equipped with sensors to avoid any collisions. In June 2021, DHL and Locus Robotics agreed to add 2000 autonomous mobile robots to the DHL supply chain by the end of 2022. This growing demand for AMRs would eventually increase the Warehouse Robotics market size.
Warehouse Robotics Market Segment Analysis - by End-use Industry
Based on End-user Industry, the E-commerce industry in the Warehouse Robotics Market report is analyzed to have the highest share. It is also expected to grow at a significant CAGR of 15.2% during the forecast period 2022-2027. The growing need for order accuracy, increased competition in the e-commerce industry, the rising need for fulfillment automation, distribution center automation and the proliferation of internet purchases are expected to propel the demand for automated warehouse robotics in the E-commerce industry. In June 2022, Epson introduced the GX Series SCARA robots to deliver next-level performance and flexibility. These GX4 and GX8 robots offer high throughput, smooth motion control and heavy payloads, thereby boosting the Warehouse Robotics Industry in the E-commerce segment.
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Warehouse Robotics Market Segment Analysis - by Geography
North America dominated the global market for Warehouse Robotics Market with a 34% market share in 2021. It is also analyzed to have significant growth over the forecasting period. This growth is due to increased demand for distribution center automation, fulfillment automation, intelligent warehouse, warehouse digitalization across industries and a rise in R&D investments by the manufacturers towards warehouse robotics. In 2020, according to an Amazon report, the company installed more than 200,000 mobile robots that work inside its warehouse networks alongside human workers in the U.S. These developments positively influence the Warehouse Robotics Industry outlook during the forecast period.
Warehouse Robotics Market Drivers
An increase in R&D investments toward robots for process automation in warehouses:
In the past few years, the Warehouse Robotics ecosystem has seen a significant rise in investments. Due to this rising investment, new cost-effective, flexible and efficient robots are being installed across warehouses for process automation. These robots are automating various warehouse operations such as storage and retrieval, palletizing and de-palletizing, transportation and packaging. For instance, in May 2022, GreyOrange secured funding of US$110 million from Mithril Capital for improving its technology and expanding its business in the Warehouse Robotics industry.
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Rapid technological advancements in robotics sensors and the incorporation of AI and ML:
Owing to the onset of Industry 4.0 and rising warehouse digitization across industries, the deployment of robots has significantly increased in the period of study. The incorporation of artificial intelligence and machine learning further enabled the robots with superior functionality, efficiency and accuracy. Technological advancements in robotic sensors are also facilitating the deployment of robots across end-use industries. These sensors provide the robots with higher precision and accuracy while operating. In February 2022, Celera Motion and ATI Industrial Automation partnered with MassRobotics for robotics sensors innovation. These developments would positively influence the Warehouse Robotics industry outlook over the forecast period.
Warehouse Robotics Market Challenges
Lack of a skilled workforce to operate the robots:
Warehouse Robotics is a multidisciplinary field where acquiring and retaining qualified workers is a major issue. There is a huge scarcity of individuals with specific backgrounds and skills, especially to develop high-value-added robots integrated with advanced technologies. Additionally, higher costs related to training & deployment and the difficulty interacting with robots are hampering the growth of the Warehouse Robotics Market during the forecast period.
Warehouse Robotics Industry Outlook
Product launches, collaborations and R&D activities are key strategies adopted by players in the Warehouse Robotics Market. The top 10 companies in the Warehouse Robotics market include:
ABB Ltd
Kuka AG
FANUC
Omron Automation
Yaskawa
River Systems
Honeywell International Inc.
Toshiba Corporation
Locus Robotics
Daifuku
Recent Developments
In May 2022, ABB launched the ABB Robotic Depalletizer, a solution for handling complex de-palletizing tasks in e-commerce, healthcare and logistics industries by enabling customers to efficiently process assorted loads. This is poised to increase the company’s share in the Warehouse Robotics Market.
In March 2022, FANUC introduced the new CRX-5iA, CRX-20iA/L and CRX-25iA collaborative robots. These robots can handle payloads weighing 4-35kgs. This feature boosts the adoption of these Warehouse Robotics across industry verticals.
In July 2021, Omron Automation launched a heavy-duty mobile robot with a payload capacity of 1500kgs. The HD-1500 mobile robot can handle bulky objects allowing manufacturers to expand their options for autonomous material transport.
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Modular Robotics Market - Forecast (2022 - 2027)
The Global Modular Robotics Market is forecast to reach $11,514.9 million by 2026, growing at CAGR 10.8% during the forecast period 2021-2026. Modular Robotics generally refer to self-configurable articulated robots which are capable of carrying out variety of tasks through autonomous and dynamic change of geometric structures. These kinds of human robot interactions have been growing popular among industrial sectors including automotive, manufacturing, healthcare and many others owing to better optimization, flexibility and robustness. Technological advancements towards integrating advanced technologies like AI, Industrial Internet of Things edge computing and so on along with capability of improving organizational productivity standards are some of the major factors affecting the market growth of modular robotics. Moreover, increasing automation across healthcare sectors to optimize medical treatment processes is further analyzed to create a positive impact on the market growth of modular Selective Compliance Assembly Robot Arm (SCARA) robotics.
Modular Robotics Market Report Coverage
The report: “Modular Robotics Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Modular Robotics Market.
By End Users: Food & Beverages, Automotive, Healthcare, Electrical & Electronics, Chemicals, Metals & Machinery, Others
By Geography: North America (U.S, Canada and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and Rest of APAC), South America (Brazil, Argentina and Rest of South America), and RoW (Middle East and Africa)
Key Takeaways
Collaborative robots is expected to have a major contribution during the forecast period 2021-2026 in the global modular robotics market owing to high investments towards research and development activities.
Key players such as Mitsubishi Electric Corporation, Yaskawa Electric Corporation and so on are the major drivers boosting the growth of modular robotics within the APAC region.
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Modular Robotics Market Segment Analysis – By Robot Type
Based on robot type, the modular robotics market has been segmented into Cartesian robots, Collaborative robots (Cobots), Articulated robots, Scara robots, Parallel robots and others. Collaborative robots or cobots registered highest share in the global the modular robotics market in 2020 at 26.5%. Collaborative robots generally refer to those types of robots which are capable of performing tasks by physically interacting with workers across an industrial workspace. As cobots can be conveniently placed anywhere or relocated depending on user needs, it helps in eliminating any kind of non-production activities during the production hours, thereby ensuring optimum flexibility, efficiency and production capabilities for various end use industries. Additionally, these robots are designed with human involvement and collaboration, ensuring a safer work environment specifically in application areas including medical, food & beverages and so on where human errors can create major work disruptions. Features such as easy operation, affordability coupled with deployment of options like plug and play and CAD programming have been also affecting its market growth. Owing to technological advancements related to controllers, various robotic modules and many others, adoption of collaborative robots can eventually rise across major end use verticals like manufacturing, electronics, medical as well as others in the long run.
Modular Robotics Market Segment Analysis – By End Users
By End users, the global modular robotics market has been segmented into Food & Beverages, Healthcare, Electrical & Electronics, Metals & Machinery, Automotive, Chemicals with many others. Healthcare sector is analyzed to witness a significant growth in the market at 14.6% through 2026 due to growing shift towards automating medical treatment procedures such as performing surgeries, conducting diagnostic tests and many others with optimum flexibility and ease. Since the hospitals involve conducting varied demanding procedures which needs high amount of accuracy and precision while elimination high human intervention, demand towards self-configurable robots will eventually rise in the long run. In September 2019, Medtronic PLC launched a robot-assisted surgical platform, capable of supporting laparoscopic applications. This modular and upgradable designed architecture involves foot pedals in order to help the surgeons interact with the patients or staffs during procedures. Such developments act as a prime source towards modernizing the medical surgery procedures within healthcare sector. In October 2020, CMR Surgical announced about introducing Versius surgical robotic system within a leading France based public health centre, Argenteuil Hospital. This robotic system was meant to reinforce its shift towards accessible and adaptable surgical robotics across global healthcare units in the near future.
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Modular Robotics Market Segment Analysis – By Geography
APAC region is anticipated to have a significant growth in the modular robotics market over the forecast period. With growing dominance of industrial sectors including automotive and electronics mainly across China, India, Japan and others along with increasing shift towards Industry 4.0 trends has been acting as major factors impacting the need towards modular robotics. High investments towards research and development activities as well as increased support towards upgrading healthcare facilities will also help in aiding the growth of modular robotics across the region. Presence of some major market players including Mitsubishi Electric Corporation, Yaskawa Electric Corporation, Toshiba Machine Co Ltd. with many others has been also propelling high market demands towards modular robots. In August 2020, Mitsubishi Electric announced about launching a series of collaborative robots named MELFA ASSISTA within Indian markets. These robots are coupled with safety features like collision detection alongside complying with international safety and robotic standards in order to serve end-use customers with optimum productivity, flexibility as well as faster automation. Such developments are further meant to create a positive impact on the growth of modular robotics market in the long run.
Modular Robotics Market Drivers
Technological advancements like edge computing
Rise of technological advancements such as edge computing can be considered as a major driving factor for the modular robotics market. Integrating edge computing services within modular robots help the end use industries to have easier implementation owing to elimination of equipments like switches, servers or routers. Since edge computing offers capability of achieving real-time predictive maintenance within assembly lines as well as varied plant operations, thereby aiding the need towards modular robots across major industries. Adoption of modular robots with edge computing device integration including sensors and others are getting popular due to providing benefits like continuous monitoring timely defects of the robots, eliminating plant shutdowns or work disruptions, thus saving costs. Moreover, this technology acts beneficial in raising the standards for both processes as well as product quality manufactured using modular robots. In June 2020, ADLINK Technology announced about launching a real-time ROS 2 robot controller, named ROScube-X series specifically designed for advanced robotic applications. This controller offers compatibility with NVIDIA JetPack SDK resources and can perform robotic applications demanding high performance AI computing capability while minimizing power consumption. Such factors are further set to boost the demand towards advanced robotic modules within the modular robotics market over the forecast period.
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Improves work productivity
The capability of modular robots towards improving work productivity standards across various industry verticals is also analyzed to be one of the major drivers creating significant market growth. Modular robots are capable of offering benefits including versatility, configurability as well as scalability which increases fault tolerance, thereby eliminating the need for assembly between parts. As compared to conventional industrial robots, these self-configurable modular robots can be easily transformed from one form to another depending on consumer requirements, which helps the end users to spend on variable types of robotic systems. Owing to its versatile nature, modular robots are getting higher adoption within industry verticals including pharmaceuticals, manufacturing, healthcare and so on, optimizing the performance standards of these environments. In addition to this, modular robots are more robust compared to conventional counterparts, as individual modules are generally considered unimportant which undergoes replacement overtime. Also, these robots can eventually compensate for damages either by reconfiguring or autonomous part replacement, thus making it a better alternative owing to its easy handling of complications. Such factors have been highly promoting the growth of modular robotics across demanding industries like pharma, healthcare, manufacturing among others in the long run.
Modular Robotics Market Challenges
High costs
Designing and integration complexities of modular robots cause high manufacturing costs which can be considered as one of the major challenges impeding the market growth. Designing hardwares or softwares for these robots needs to be integrated with advanced technologies from time to time in order to ensure better work optimization, causing the manufacturers to spend on costly components. Additionally, complexities on robotic development by combining features including precision, robustness, functionality and so on creates the need for skilled expertise. Operating these self-configurable modular robots across end use verticals like medical, food & beverages, automotive and many others can be complex at times, thus need for training of the workforce becomes highly essential. Such factors help in raising its purchasing costs, creating lesser adoption from small as well as mid-size organizations, restraining its market growth.
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Modular Robotics Market Landscape
Partnerships and acquisitions along with product launches are the key strategies of the players in the modular robotics market. The major key players in the modular robotics market include ABB Ltd., Mitsubishi Electric Corporation, Yaskawa Electric Corporation, KUKA, Toshiba Machine Co Ltd., Denso Corporation, Universal Robots, Rethink Robotics, Yamaha Motor Co Ltd. and FANUC.
Partnerships/Product Launches/Acquisition
In July 2020, one of the leading custom robotics company, named Advanced Intelligent Systems announced about introducing a modular UV light disinfection robot. This autonomous robot was developed to offer critical support for hospitals, senior care facilities as well as healthcare workers dealing with safety issues during or after the COVID-19 pandemic, thereby eliminating human intervention.
In May 2020, Motiv Space Systems announced about launching a space-rated modular robotic arm system, named xLink. This system offers exceptional adaptability while accommodating varied applications meant for space rated robotic manipulation.
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#Modular Robotics Market#Modular Robotics Market price#Modular Robotics Market share#Modular Robotics Market analysis#Modular Robotics Market trends#Modular Robotics Market report#Robotics
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Automotive Robotics Market Advanced technologies & growth opportunities in global Industry by 2022 to 2028
The research reports provide deep insights into the global market revenue, market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of Automotive Robotics market during the forecast period, i.e., 2022–2030. The report, most importantly, identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application type, technology type, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors, including but not limited to supply chain management, distribution Trade, channels, supply and demand, and production capability differ across countries.
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Automotive Robotics Market Company Profiles Analysis:
ABB (Switzerland)
FANUC Corporation (Japan)
Yaskawa Electric Corporation (Japan)
KUKA AG (Germany)
Kawasaki Heavy Industries (Japan).
Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Automotive Robotics Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2030, factoring the impact of Covid -19 Situation.
Market Segmentation:
Automotive Robotics Market Size, Share & Trends Analysis Report By Type (Articulated, Cartesian, SCARA, Cylindrical), Component (Controller, Robotic Arm, End Effector, Sensors, Drive), Application (Welding, Painting, Cutting, Material Handling) Global Industry Insights, Trends, and Forecast, 2021-2028.
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Regional Framework
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Automotive Robotics Market based on various segments. It also provides market size and forecast estimates from the year 2022 to 2028 with respect to five major regions. The Automotive Robotics Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Promising Regions & Countries Mentioned in The Automotive Robotics Market Report:
North America
Europe
Asia-Pacific
Latin America
The Middle East & Africa
Major Features of Automotive Robotics Market Report:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Automotive Robotics market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the global Automotive Robotics market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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Warehouse Automation Solution Market to Observe Strong Growth to Generate Massive Revenue in Coming Years
The Latest Released market study on Global Warehouse Automation Solution market provides information and useful stats on market structure, size and trends. The report is intended to provide cutting-edge market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Besides, the report also identifies and analyses changing dynamics, emerging trends along with essential drivers, challenges, opportunities and restraints in Warehouse Automation Solution market.
What’s keeping
ABB (Switzerland)
BEUMER Group (Germany)
Blue Yonder (United States)
Daifuku (Japan)
Dematic (United States)
E&K Automation (Germany)
Eyesee (Hardis Group) (France)
Falcon Autotech (India)
GreyOrange (United States)
HighJump (Korber) (United States)
Honeywell Intelligrated (United States)
SBS Toshiba Logistics (Japan)
Keep Growing in the Market? Benchmark yourself with the strategic moves and latest Market Share and Sizing of Global Warehouse Automation Solution market recently published by AMA
Warehouse automation involves robots that are designed and programmed to perform various material handling tasks. The robots can move from one aisle to another and perform a wide range of warehousing jobs. They may also be moved to different warehouse facilities. There are several different types of mobile and permanent robots that operate together to transport inventory across the warehouse. The development of these automation solutions for efficient inventory handling has been fueled by a number of sectors. As they race to deliver goods faster, e-commerce companies are increasing warehouse automation. The need for warehouse automation solutions is growing since they are typically employed for operations that can be done faster, better, or safely by a machine while simultaneously increasing human labor productivity. These days, warehouse automation isn't just for manufacturing; it's also in high demand for a variety of other applications. The ability to simplify and minimize time consumption in various operations, while boosting dependability and accuracy, employing a minimal labor force, and therefore ensuring cost reduction while augmenting productivity, are the major key drivers speeding up the worldwide warehouse automation solutions market.
The Warehouse Automation Solution Market segments and Market Data Break Down by Type (Mobile Robots, Articulated Robots, Cylindrical Robots, SCARA Robots, Others), Industry Vertical (E-commerce, Automotive, Electrical and Electronics, Rubber and Plastic, Food & Beverages, Pharmaceuticals, Others)
On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
What’s Trending in Market: Implementation of AI in various Industry Vertical
Market Challenges: Lack of Skill and Expertise in Operating Advanced Automated Systems
Security and Privacy Concerns
Market Opportunities: Exponential Growth in the E-Commerce Industry
Increasing Adoption of Industry 4.0
Highlights of Influencing Drivers: Ability to Simplify and Reduce Time Consumption in Various Functions
Boosting Reliability, Accuracy, Engaging Low Work Force, and Consequently Ensuring Cost Reduction While Augmenting Productivity
Presented By
AMA Research & Media LLP
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Industrial Robots Market is expected to reach value of US$ 55.66 Billion by registering a CAGR of 12% from 2022-2032
A recently published study by FMI expects the global industrial robots market to augment at a 12% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 55.66 Billion is expected for the market. Increasing adaption of industrial robots in end user industries such as automotive, food & beverage and pharmaceutical industry is positively influencing the growth of the market.
From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 9% and closing at US$ 16 Billion. Although, the COVID-19 pandemic affected the growth of industrial robots, the need for automation is driving the demand for the same. Furthermore, industrial robots are not saving time at manufacturing units but also accelerating productivity rates. This has led to the dependency on industrial robots.
The integration of IoT devices, along with artificial intelligence and machine learning is spurring the growth of the same. With time, industrial robots are expected to become more commercialized, making the installation of the same easy. In addition, most industrial robots are able to perform various tasks at the same time. This, in turn, is helping them gain huge traction.
Key Takeaways from the Market Study
By end use, electric and electrical industry is expected to procure 40% market share for industrial robots.
China is expected to account for 45% of the total Industrial Robots in 2022
U.S. is expected to hold 40% market share for industrial robots in 2022
France is expected to possess 30% market share for industrial robots
“Industrial robots have the potential to change the functioning of end user industries.
Multitasking, precision and accuracy are making industrial robots a popular option across industries. This, in turn, is gaining traction for the same.” states an FMI analyst
Market Competition
Key players in the industrial robot market are Denso Corporation, Kawasaki Heavy Industries, Brenton, LLC, Krones AG, Mitsubishi Electric Corporation, YASKAWA Electric Corporation, KUKA AG, Fanuc Corporation and ABB Limited.
Denso Corporation, a key player in the industrial robots market is focusing on studying the infrastructure and requirements of end user industries and designing industrial robots for the same.
Mitsubishi Electric Corporation, is focusing on research for designing industrial robots. The company is developing industrial robots that can carry out complex tasks easily.
More Insights Available
FMI, in its new offering, presents an unbiased analysis of the global industrial robots market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of Product Type (Articulated Robots, SCARA Robots, Parallel Robots, Cartesian Robots, Cylindrical Robots, Others), by End Use (Automotive, Electrical & Electronics, Metals & Machinery, Chemicals, Plastic & Rubber, Food & Beverages, Healthcare, Construction, Others), by Application (Material Handling, Welding & Soldering, Assembly & Disassembly, Painting & Dispensing, Others), by technology (Automatic, Semi- Automatic, Manual) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
About the Industrial Automation Domain at Future Market Insights
The industrial automation domain team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
To Know More @
https://www.futuremarketinsights.com/reports/industrial-robots-market
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