May 8, 2020

Programmable Robotics Market 2020 - Current and Future Plans 2023

Market Scenario

Market Research Future (MRFR), in its latest industrial robotics market report, stated that the industrial robotics industry can rise at 145 CAGR through 2016 to 2022. The industrial robotics market size can attain a considerable value on the conclusion of the review period. The industrial robotics market 2020 can surge at a decent pace due to rise in manufacturing, painting, welding, testing, assembling, packaging, and other industrial activities that employ industrial robotics. These programmable and automated machines can reduce tiring efforts and improve performance threshold. The availability of SCARA and Cartesian robots can bolster the expansion of the market in the near future. MRFR report detailed numerous factors that can influence the market rise in the study period. The report details different factors that can boost the expansion of the industrial robotics market and can cause a surge in the inflow of cash.

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Key Players

MRFR identified some important companies that are operating in the industrial robotics global market. They are; Denso Corporation (Japan), ABB Ltd. (Switzerland), Kawasaki Heavy Industries Ltd. (Japan), Kuka AG (Germany), Yaskawa Electric Corporation (Japan), Bosch GmbH (Germany), Fanuc Corporation (Japan), Rockwell automation, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), and Toshiba Corporation (Japan) among others.

Segmental Study

The segmental study of industrial robotics market is based on application, end user, and type. The application-based segments of the industrial robotics market are material handling, assembling, palletizing, painting, and welding among others. The high utility of industrial robotics can prompt the expansion of the market in the near future. The end users based segments of the industrial robotics market are electronics, automotive, food & beverage, entertainment, pharmaceuticals, and rubber & plastic among others. The automotive sector can gain high traction for industrial robotics. The type-based segments of the industrial robotics market are articulated, 6-axis robots, delta, Cartesian, parallel, dual-arm, selective compliance assembly robot arm, (SCARA), and redundant among others.

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Regional Analysis

According to MRFR regional study of the industrial robotics market, the market in the Asia Pacific region is expected to take the lead. APAC industrial robotics market is likely to be the biggest market across the globe. Japan is likely to head the regional market through the review period. The high pace of technological advancement and their adoption can spur the expansion of the regional market, followed by India and China. Although Japan can emerge as the lead, India and China is expected to stir up considerable revenue for the global market. South Korea is likely to wind in considerable business for Asia Pacific industrial robotics market.

Europe is reputed for it flourishing aviation sector. The growing deployment of industrial robotics in this industry is expected to boost EU industrial robotics market. MRFR analysis reveals that Europe is expected to line up second on the growth curve of the global market. The high population density and rise in industrialization are expected to boost the expansion of the regional market. France, Italy, Spain, Germany, and the UK are expected to contribute significantly to growth of Europe industrial robotics market.

North America can secure the third position in the growth curve of the global industrial robotics market. Technological advancements, reputed market players, and giant tech companies are highly deploying robotic applications to accomplish activities, such as packaging, welding, and testing. The pressing need for robotics can cause the expansion of North America industrial robotics market.

In MEA, the industrial robotics market can achieve a steady growth owing to the lack of technological base and education, plus political instability.

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