Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 21.45 Billion | USD 45.17 Billion | 9.74% | 2022 |
FrequentlyAsked Questions
An industrial robot is automated equipment that is fed with data and programmed for executing events related to production in manufacturing units in an automated manner. Reportedly, the product is developed for automating and increasing production like those needed by a consistently moving assembly line.
The global industrial robotics market growth is owing to the industry 4.0 revolution that has culminated in massive demand for robotics and smart manufacturing activities.
According to a study, the global industrial robotics industry size was $21.45 billion in 2022 and is projected to reach $45.17 billion by the end of 2030.
The global industrial robotics market is anticipated to record a CAGR of nearly 9.74% from 2023 to 2030.
The Middle East & Africa industrial robotics industry is set to register the highest CAGR over the forecasting timeline owing to favorable government schemes encouraging the use of industrial robots in oil & gas exploration and drilling as well as food processing activities in the countries of the Middle East region.
The global industrial robotics market is led by players such as Motoman, Kawasaki Heavy Industries, Ltd., ABB Ltd., Nachi-Fujikoshi Corp., Mitsubishi Electric Corporation, Nippon, Staubli, Daihen Corporation, Fanuc Corporation, Panasonic Corporation, Denso Corporation, Omron Corporation, Epson Robots, Rockwell Automation Inc., KUKA AG, Yaskawa Electric Corporation, Siemens AG, Dixon Automatic Tool Inc., Seiko Epson Corporation, and Comau SpA.
The industrial robotics market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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