The global robotics industry market was US$ 45.1 billion in 2021. The global robotics industry market is forecast to grow to US$ 122.05 billion by 2030 by growing at a compound annual growth rate (CAGR) of 11.5% during the forecast period from 2022 to 2030.
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COVID-19 Impact Analysis
Due to the COVID-19 outbreak, the demand for robots has upsurged across all industrial verticals. The use of robots ensures public safety to the authorities. Thus, health authorities and businesses started deploying robots in order to maintain the safety of the employees and the patients. Various companies like Yunji Robotics, the manufacturer of delivery robots, and TMIRob, the manufacturer of disinfectant robots, have witnessed a significant surge in the demand for these robots. In addition, advancements also escalated in the industry. For instance, Geek+ unveiled its disinfection robots named Jasmin and Lavender during the COVID-19 pandemic.
Regional Analysis
The Asia-Pacific robotics industry market is forecast to grow at the highest growth rate. It is due to the growing industrialization in China and favorable initiatives like “Made in China 2025.” China is forecast to be one of the largest contributors to the robotics industry market. Furthermore, the country is focusing on upgrading its labor-intensive manufacturing sector by increasing automation. Furthermore, the governments of Guangdong province and Zhejiang province also announced subsidies to local manufacturers. Thus, it will increase the demand for robots. As a result, it will ramp up the growth of the global robotics industry market. Furthermore, industrialization in other countries like India is also growing at a significant pace. As a result, it will upsurge the demand for robotics, thereby propelling the robotics industry market forward.
Factors Influencing the Market
The demand for robotics is expanding exponentially. Be it hospitality, healthcare, automotive, or manufacturing, almost every industry is adopting automated solutions in order to cater to the growing demands of the public. Thus, it will fuel the growth of the global robotics industry market.
The rising trend of digital factory technologies will contribute to the growth of the global robotics industry market. Furthermore, the shortage of an efficient workforce will drive the robotics industry market forward.
Growing automation across all industrial verticals will also benefit the global robotics industry market. Furthermore, favorable policies by government bodies to boost industrialization will escalate the robotics industry market growth.
On the contrary, privacy concerns associated with the use of robotics may limit the growth of the robotics industry market during the forecast period.
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Competitors in the Market
ABB
Kawasaki Heavy Industries
Denso Corporation
NACHI-FUJIKOSHI
Seiko Epson
DÜrr
Universal Robots
Stäubli
Comau
B+M SURFACE SYSTEMS
ICR Services
IRS Robotics
Hyundai Robotics
Siasun Robotics
RobotWorx
Techman Robot
Rethink Robotics
FrankaEmika
F&P Robotics
Bosch Rexroth
Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Robotics Industry industry experienced notable growth in its workforce. Starting in January, employment within the Robotics Industry sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Robotics Industry output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Robotics Industry output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Robotics Industry market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Robotics Industry market.
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Market Segmentation
The global robotics industry market segmentation focuses on Type, End-User, and Region.
By Type Outlook
Industrial
Service
By End User Outlook
Automotive
Food and Beverage
Electronics
Logistics
Military and Defense
Medical and Healthcare
Others
By Regional Outlook
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Robotics Industry Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Robotics Industry Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Robotics Industry Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Robotics Industry Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Robotics Industry market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Robotics Industry market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Robotics Industry business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
* Assisting businesses in gauging the viability of new or existing products or services.
* Facilitating business enterprises in the identification and cultivation of novel market segments.
* Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
* Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
* Analyzing market trends to aid businesses in devising adaptive strategies.
* Guiding businesses in the optimal placement of their products.
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