The surge in human labor has compelled manufacturers to replace humans with robots. The emergence of industry 4.0 has revolutionized technologies and introduced robots. Several industries are adopting robots to streamline their manufacturing processes and reduce errors. Industrial robots play a crucial role in manufacturing industries as the majority of the operations are managed by these robots. Earlier, companies were highly dependent on manual functioning. With the emergence of automation, the demand for industrial robots is likely to increase, augmenting the industrial robots market growth. These robots ensure the smooth functioning of the workflow across industries. Growing investments in automation and the establishment of small and medium-scale enterprises are favoring the industrial robots market potential.
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Top Players Overview:
- Yaskawa Electric Corporation
- Denso Ten Solutions Philippines Corporation
- FANUC America Corporation
- KUKA Robots
- Kawasaki Robots
- Panasonic Avionics Corporation
- Nachi Robotic Systems, Inc.
- Industrial Robots
- Adept Technologies LLC
Madrona Venture Group made an investment of USD 6.1 Mn for testing, hiring, and product development of industrial robots in May 2019. Companies are adopting several business strategies to cater to market capitalization. This will fuel demand for industrial robots, which will subsequently boost the global industrial robots market. Fortune Business Insights in a new report, titled “Industrial Robots Market Size, Share and Global Trend By Robot Type (Articulated, SCARA, Cylindrical, Cartesian/Linear, Parallel, Others), By Application (Pick and Place, Welding & Soldering, Material Handling, Assembling, Cutting & Processing, Others), By End-Use Application (Automotive, Electrical & Electronics, Healthcare & Pharmaceutical, Food & Beverages, Rubber & Plastic, Metals & Machinery, Others) and Geography Forecast till 2027” highlights some of the industrial robots market trend prevailing between 2018 and 2027. As per the report, the global market for industrial robots was worth USD 18.78 Bn in 2018 and is anticipated to reach USD 59.99 Bn by 2027. Furthermore, the market is expected to rise at an exponential CAGR of 15.7% during the forecast years.
For more information in the analysis of this report, visit https://www.prnewswire.com/news-releases/industrial-robots-market-value-to-surpass-us-59-99-bn-by-2027–teradyne-and-mirs-acquisition-deal-to-launch-advanced-industrial-robots-fortune-business-insights-300915195.html
Companies such as ABB, Yaskawa Electric Corporation, and Mitsubishi Electric Corporation are dominating the global industrial robots market.
August 2019: Absorb Software Inc., a learning management system provider has acquired eLogic Learning a company based in Tampa, Florida. eLogic Learning says that its learning management tools could reach 5 million users across the globe every month. As per this, acquisition Absorb Software Inc. claims to serve more than 1,000 active customers with 225 employees across eight offices.
May 2019: D2L launched ‘Indigo’ the updated version of Brightspace a cloud-based learning platform which motivates employees to drive their own learning experiences.
March 2019: Cornerstone launched Express Class a tool that allows managers to quickly create and administer informal and prompt training under the Cornerstone Learning Management System.
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1. By Robot Type
- Others (Collaborative, etc.)
2. By Application
- Pick & Place
- Welding & Soldering
- Material Handling
- Cutting & Processing
- Others (Painting, etc.)
3. By End Use Industry
- Electrical & Electronics
- Healthcare & Pharmaceutical
- Food & Beverages
- Rubber & Plastic
- Metals & Machinery
- Others ( Construction, Defense, Logistics)
4. By Region
- North America (The U.S. and Canada)
- Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
- Latin America (Brazil, Mexico and Rest of Latin America)
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Table of Content
5. Global Industrial Robots Market Analysis, Insights and Forecast, 2015-2027
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecasts
5.2.1. By Robot Type (Value and Volume)
6. North America Industrial Robots Market Analysis, Insights and Forecast, 2015-2027
6.1. Key Findings / Summary
6.1.1. By Robot Type (Value and Volume)
7. Europe Industrial Robots Market Analysis, Insights and Forecast, 2015-2027
7.1. Key Findings / Summary
7.1.1. By Robot Type (Value and Volume)
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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