Top 10 Industrial Robotics Companies in the World 2020

The industrial robotics market is expected to grow from US$ 16,847.6 Mn in 2017 to US$ 48,166.9 Mn by 2025 at a CAGR of 14.2% between 2018 and 2025.

Industrial Robotics Market operates in a highly-competitive marketplace. As leading companies in this market continues to broaden its addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from regional players as well as the leading global companies across the world.

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Top Key Players:

1. ABB Ltd.
2. Kuka AG
3. FANUC CORPORATION
4. Toshiba Machine Co. Ltd.
5. Mitsubishi Electric Corporation
6. Comau SpA
7. GE Inspection Robotics
8. Yaskawa Electric Corporation
9. Kawasaki Heavy Industries Ltd.
10. Universal Robots A/S

Since last decade, the demand for industrial robots in different end-user industry has accelerated significantly with growing adoption of automation and ground-breaking technology enhancements. In last five years of span, the average robot sales have grown exponentially. Five key countries including China, S. Korea, Japan, US, and Germany captures more than one-third of total market. In last few years, China is emerging as a global super power and is leading robot market as well with continued dynamic growth.

The global Industrial Robotics market has been segmented on the basis of types into articulated robots, Cartesian robots, SCARA robots, collaborative robots and others. The global Industrial robotics market has been further segmented by function into Soldering & Welding, Material Handling, Assembling & Disassembling, Painting & Dispensing, Milling, Cutting & Processing and Others and further by end-user industry into Automotive, Medical & Pharmaceuticals, Electrical & Electronics, Chemical, Rubber & Plastics, Metals and Machinery, Foods & Agriculture, and Others.

Key findings of the study:

APAC leads the Industrial Robotics market in 2017 with a market share of more than 60% and is expected to continue its dominance during the forecast period.

The presence of strong manufacturing base in APAC countries including China, Taiwan, and South Korea coupled with initiatives taken by governments such as “Made in China 2025” and “Make in India” among others to strengthen the manufacturing sector, are the factors propelling the market growth in the APAC region.

Source: The Insight Partners