Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 86.14 Billion | USD 356.63 Billion | 17.1% | 2023 |
Zion Market Research has published a report on the global Industrial Robotic Motors Market, estimating its value at USD 86.14 Billion in 2023, with projections indicating that it will reach USD 356.63 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 17.1% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Industrial Robotic Motors Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Robotic motors are the electric machines in which electrical energy is converted into mechanical energy. Thus, through this mechanical energy, the robots are operated. The electrical energy can be powered by direct current sources such as batteries, or rectifiers. There are many types of motors available in the market, but among them, servo motors, DC motors, and stepper motors are widely used in the industrial robots according to their robot type area. The increasing robotic automation across various verticals is boosting the demand for the global industrial robotic motors market. Moreover, their long operating life, low maintenance, and energy consumption are further catering to their needs in industrial robots. However, requirement of high overall cost for low volume motor type ion could challenge the market value.
The study provides a decisive view of the industrial robotic motors market by segmenting the market based on by motor type, by robot type, by fit type and by Region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By motor type segment analysis includes servo motor, DC motor and stepper motor.
By robot type segment analysis includes SCARA robot, delta robot, cartesian/gantry robot, articulated robot, collaborative robot, dual arm robot.
By fit type segment analysis includes first fit and retro type.
The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Industrial Robotic Motors Market |
Market Size in 2023 | USD 86.14 Billion |
Market Forecast in 2032 | USD 356.63 Billion |
Growth Rate | CAGR of 17.1% |
Number of Pages | 110 |
Key Companies Covered | Mitsubishi Electric, DENSO, EPSON, Universal Robots, b+m Surface Systems, Comau, IGM, Franka Emika, Delta Electronics, Techman Robots, Siasun, Dahl Automation GmbH, Gimatic Srl, HumaRobotics, Industrial Vision Systems, Life Robotics, J. Schmalz GmbH, YASKAWA, KUKA, Micropsi Industries GmbH, Kawasaki Heavy Industries, NACHI-FUJIKOSHI, Omron Adept, Yamaha, ST Robotics, CMA Robotics, Rethink Robotics, Precise Automation, Carbon Robotics, Empire Robotics, Hanwha Precision Machinery, and iCobots |
Segments Covered | By Motor Type, By Robot Type, By Fit Type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Mitsubishi Electric, DENSO, EPSON, Universal Robots, b+m Surface Systems, Comau, IGM, Franka Emika, Delta Electronics, Techman Robots, Siasun, Dahl Automation GmbH, Gimatic Srl, HumaRobotics, Industrial Vision Systems, Life Robotics, J. Schmalz GmbH, YASKAWA, KUKA, Micropsi Industries GmbH, Kawasaki Heavy Industries, NACHI-FUJIKOSHI, Omron Adept, Yamaha, ST Robotics, CMA Robotics, Rethink Robotics, Precise Automation, Carbon Robotics, Empire Robotics, Hanwha Precision Machinery, and iCobots are some of the major industry participants leading the global industrial robotic motors market. The major stratagems implemented by these leading companies in the market are collaborations, mergers & acquisitions and new motor type developments. These companies are focusing more on investment in inventions, partnerships, and expansions to increase their market share.
This report segments the global cannabis concentrates market as follows:
Global Industrial Robotic Motors Market: Motor Type Segment Analysis
Global Industrial Robotic Motors Market: Robot Type Segment Analysis
Global Industrial Robotic Motors Market: Fit Type Segment Analysis
Global Industrial Robotic Motors Market: Regional Segment Analysis
FrequentlyAsked Questions
With several SMEs cropping up across the emerging economies, there has been a marked growth in the demand for robotic systems, which are increasingly becoming easier to use. The global industrial robotic motors market size is certain to augment on account of the widespread use of these motors for motion-control and repetitive motion applications including material removal, sanding, and polishing. The demand for compact industrial robotic motors has also been pushing the market growth.
Asia Pacific has substantial potential for expansion through the forecast years, owing to the greater penetration of latest technologies such as AI, machine learning, IoT, and robotic technologies. India is expected to represent a significant chunk of the market revenue by 2026, owing to the presence of a booming industrial sector where manufacturing units are adopting automation at a fast rate.
Mitsubishi Electric, DENSO, EPSON, Universal Robots, b+m Surface Systems, Comau, IGM, Franka Emika, Delta Electronics, Techman Robots, Siasun, Dahl Automation GmbH, Gimatic Srl, HumaRobotics, Industrial Vision Systems, Life Robotics, J. Schmalz GmbH, YASKAWA, KUKA, Micropsi Industries GmbH, Kawasaki Heavy Industries, NACHI-FUJIKOSHI, Omron Adept, Yamaha, ST Robotics, CMA Robotics, Rethink Robotics, Precise Automation, Carbon Robotics, Empire Robotics, Hanwha Precision Machinery, and iCobots are some of the major industry participants leading the global industrial robotic motors market.
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