Global Industrial Robots Market Valuation Predicted to Surpass

Global Industrial Robots Market Valuation Predicted to Surpass

Global Industrial Robots Market Valuation Predicted to Surpass

Industrial Robots Market

The global industrial robots market is poised for exceptional growth, projected to exceed a valuation of USD 25,828.99 million by 2033. Driving this remarkable expansion is a robust Compound Annual Growth Rate (CAGR) of 17.20%, starting from a 2023 valuation of USD 5,282.40 million.

A significant catalyst behind this surge is the innovative concept of Robot-as-a-Service (RaaS), which is reshaping the landscape of factory automation technology. RaaS introduces a flexible and cost-effective approach for enterprises to seamlessly integrate robotics into their operations. By providing subscription-based robot services, businesses can avoid significant upfront investments in robotic equipment, thus conserving capital expenditures. This pioneering approach not only enhances financial adaptability but also empowers companies to respond swiftly and efficiently to market fluctuations.

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Key Takeaways from the Market Study:

By end use, electric and electrical industry is expected to procure 40% market share for industrial robots.

China is expected to account for 45% of the total Industrial Robots in 2022.

U.S. is expected to hold 40% market share for industrial robots in 2022.

France is expected to possess 30% market share for industrial robots.

“Industrial robots have the potential to change the functioning of end user industries. Multitasking, precision and accuracy are making industrial robots a popular option across industries. This, in turn, is gaining traction for the same.” states an FMI analyst

Market Competition:

Key players in the industrial robot market are Denso Corporation, Kawasaki Heavy Industries, Brenton, LLC, Krones AG, Mitsubishi Electric Corporation, YASKAWA Electric Corporation, KUKA AG, Fanuc Corporation and ABB Limited.

Denso Corporation, a key player in the industrial robots market is focusing on studying the infrastructure and requirements of end user industries and designing industrial robots for the same.

Mitsubishi Electric Corporation, is focusing on research for designing industrial robots. The company is developing industrial robots that can carry out complex tasks easily.

About the Industrial Automation Domain at Future Market Insights:

The industrial automation domain team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Browse Report Details! https://www.futuremarketinsights.com/reports/industrial-robots-market

Key Segments Profiled in the Industrial Robots Industry Survey:

Industrial Robots by Product Type:

Industrial Robots by Articulated Robots

Industrial Robots by SCARA Robots

Industrial Robots by Parallel Robots

Industrial Robots by Cartesian Robots

Industrial Robots by Cylindrical Robots

Industrial Robots by Others

Industrial Robots by End Use:

Industrial Robots by Automotive

Industrial Robots by Electrical & Electronics

Industrial Robots by Metals & Machinery

Industrial Robots by Chemicals, Plastic & Rubber

Industrial Robots by Food & Beverages

Industrial Robots by Healthcare

Industrial Robots by Construction

Industrial Robots by Others

Industrial Robots by Applications:

Industrial Robots by Material Handling

Industrial Robots by Welding & Soldering

Industrial Robots by Assembly & Disassembly

Industrial Robots by Painting & Dispensing

Industrial Robots by Others

Industrial Robots by Technology:

Industrial Robots by Automatic

Industrial Robots by Semi- Automatic

Industrial Robots by Manual

Region:

North America Industrial Robots Market

Latin America Industrial Robots Market

Europe Industrial Robots Market

Asia Pacific Industrial Robots Market

Middle East & Africa Industrial Robots Market

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Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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This release was published on openPR.

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