Industrial Robotics Market Size, Share & Trends Analysis Report By Application (Automotive, Food, Chemical, Rubber & Plastics, Electrical/Electronics, Heavy Machinery), By Region, And Segment Forecasts, 2012 - 2020

Industry Outlook

The global industrial robotics market size was valued at USD 31.45 billion in 2016. It is anticipated to witness a CAGR of approximately 7.0% over the forecast period. Growing emphasis upon improvement of productivity of high volume production lines, particularly in the manufacturing of vehicles and electronic devices, is one of the trends escalating market growth.

Industrial robots offer several benefits, including cost reduction, increased rate of operation, size reduction, and improving quality, along with improved manufacturing efficiency and flexibility. Rising awareness regarding the benefits they offer is anticipated to affect the market positively.

Influx of robots with integrated vision and touch, which enhance the efficiency and speed of delivery systems, is estimated to stimulate the growth of the market. Unlike their predecessors, new generation robots include human features such as intelligence, flexibility, memory, learning ability, and objects recognition. With the implementation of robotic technologies, industries are able to avail several financial benefits such as reduction in overhead costs, increase in productivity, waste reduction, and flexibility. Advancements in artificial intelligence such as deep learning and development of self-programming robots are projected to drive the market over the forecast period.

In Asian countries such as China, Korea, and Taiwan, supportive government policies through programs including R&D subsidies, investment in skills, tax incentives, and loans are poised to work in favor of the overall market. The European Union (EU) invested USD 872 million on the SPARC robotics project, which is expected to generate over 240,000 jobs in Europe by 2020.

Application Insights

By application, the market is segmented into chemical, rubber, and plastics, automotive, electrical/electronic, metal/heavy machinery, and food. In 2016, the automotive segment accounted for the largest revenue share, contributing to nearly 45.0% of the global market. Moreover, development of automotive robotics has picked up pace due to cost-effectiveness, job efficiency, and safety.

The food segment is likely to exhibit the highest CAGR over the forecast period. However, due to various government regulations and food safety standards, the demand witnessed for industrial robotics in the initial years was low in the sector. Nevertheless, with the surging demand for packaged food and fast food, their demand is expected to increase.

Regional Insights

Some of the key contributing countries in the industrial robotics market are Germany, China, Japan, the U.S., and South Korea. The Asia Pacific region dominated the market with a revenue share of over 52.0% in 2016 and is anticipated to continue its dominance throughout the forecast period. The region also had the maximum number of units shipped in 2016, which stood at around 151 thousand units. It is projected to register a substantial CAGR over the forecast period.

Major industrial robot manufacturing hubs in Asia Pacific include China, Japan, Korea, and Taiwan. Japan and South Korea are at the forefront of the regional market in terms of installation of industrial robots. Rapid growth of the market in these countries can be primarily attributed to the booming electronics industry.

Industrial Robotics Market Share Insights

Key players dominating the market include YRG, Inc.; ABB; Toshiba Machine Co., Ltd.; Panasonic Corporation; Omron Adept Technologies, Inc.; Fanuc Robotics; DENSO Corporation; Mitsubishi Electric Corporation; EPSON Electronics; and KU.K.a AG. Market players often require high funding and investments to develop products and consolidate their position in the arena, which leads to high entry as well as exit barriers.

The general strategic behavior of major players in the market is to seek new segments such as lightweight robotics and think out of conventional heavy industrial robots, while maintaining a foothold in that segment. Generally, custom robots, which are programmed to a specific work environment, are preferred to standard robots in the manufacturing sector.

Report Scope

Segments Covered in the Report

This report forecasts revenue growths at global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global industrial robotics market report on the basis of application and region.

• Application Outlook (Revenue, USD Million, 2012 - 2020)

  • Automotive

  • Electrical/Electronics

  • Metal/Heavy Machinery

  • Chemical, Rubber, & Plastics

  • Food

  • Others

• Regional Outlook (Revenue, USD Million, 2012 - 2020)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • Italy

    • Spain

    • The U.K.

    • France

  • Asia Pacific

    • China

    • Japan

    • Korea

    • Taiwan

  • Rest of World