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Global Industrial Robotics Market by Type, Application, Industry & Geography - Forecast to 2024DUBLIN, Oct. 9, 2019 /PRNewswire/ -- The "Industrial Robotics Market by Type (Articulated Robots, Collaborative Robots), Application (Handling, Processing, Dispensing), Industry (Automotive, Electrical & Electronics, Metals & Machinery, Food & Beverages) and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering. The industrial robotics market (excluding the prices of peripherals, software, and system engineering) was valued at USD 16.9 billion in 2018 and is expected to grow at a CAGR of 12% during 2019-2024 to reach USD 31.7 billion by 2024. In terms of volume, the market registered a shipment of 420 thousand units in 2018 and is expected to grow at a CAGR of 12.7% to reach 774 thousand units by 2024. The industrial robotics market (including the prices of peripherals, software, and system engineering) for traditional industrial robots was valued at USD 45.7 billion in 2018 and is expected to grow at a CAGR of 7.8% during 2019-2024 to reach USD 69.8 billion by 2024. An increase in automation due to a decline of skilled labor and the growing popularity of collaborative robots is driving the industrial robotics market. ABB (Switzerland), YASKAWA (Japan), FANUC (Japan), KUKA (Germany), Mitsubishi Electric (Japan), Kawasaki Heavy Industries (Japan), DENSO (Japan), NACHIFUJIKOSHI (Japan), Seiko Epson (Japan), Drr (Germany), Universal Robots (Denmark), Omron Adept (US), b+m Surface Systems (Germany), Stubli (Switzerland), Comau (Italy), Yamaha (Japan), IGM (Austria), ST Robotics (US), Franka Emika (Germany), and CMA Robotics (Italy) are a few major companies dominating the industrial robotics market. Key strategies adopted by most companies in the industrial robotics market are new product launches, partnerships, and collaborations. This report will help leaders/new entrants in this market in the following ways:
Key Topics Covered 5.3.1.1 Integration of Vision Systems With Industrial Robots 5.3.1.2 Penetration of IIoT and AI in Industrial Manufacturing 5.3.1.3 Penetration of 5G in Industrial Manufacturing 6 Industrial Robotics Market, By Type 6.1 Introduction 6.2 Traditional Industrial Robots 6.2.1 Traditional Industrial Robots Held Majority Market Share Compared With Collaborative Robots 6.2.2 Articulated Robots 6.2.2.1 Articulated Robots Held Largest Size of Industrial Robotics Market in 2018 6.2.3 Scara Robots 6.2.3.1 Scara Robots to Witness Highest Growth During Forecast Period 6.2.4 Parallel Robots 6.2.4.1 Parallel Robots are Ideal for Moving Small Payloads at Very High Speeds 6.2.5 Cartesian Robots 6.2.5.1 Cartesian Robots have Simple Movements and are Easy to Program 6.2.6 Others 6.2.6.1 Cylindrical Robots 6.2.6.1.1 Cylindrical Robots have Cylindrical Workspace 6.2.6.2 Spherical Robots 6.2.6.2.1 Many Modern Industrial Robots are Based on Principle of Spherical Robots 6.2.6.3 Swing-Arm Robots 6.2.6.3.1 Swing-Arm Robots Consist of Oscillating Arm and are Used for Low-Cost Applications 6.3 Collaborative Industrial Robots 6.3.1 Collaborative Robots have Huge Potential in Industries as They Can Operate Safely Alongside Humans 7 Industrial Robotics Market, By Application 7.1 Introduction 7.2 Handling 7.2.1 Handling Application to Dominate Industrial Robotics Market By 2019 7.3 Assembling and Disassembling 7.3.1 Assembly Application Requires Robots That Can Deliver Speed and Precision 7.4 Welding and Soldering 7.4.1 Robots With Hollow Wrist Designs are Used for Welding 7.5 Dispensing 7.5.1 Gluing 7.5.1.1 Automotive and Electronics Industries Require Highly Precise Adhesive Dispensers 7.5.2 Painting 7.5.2.1 Robots Used for Painting Must Be Explosion and Contamination Proof 7.5.3 Food Dispensing 7.5.3.1 Dispensing Robots Used in Food Industry Must Be Certified 7.6 Processing 7.6.1 Grinding and Polishing 7.6.1.1 Automated Grinding and Polishing Improve Consistency of Finish for Each Workpiece 7.6.2 Milling 7.6.2.1 Robotic Milling is Ideal for Large Workpieces 7.6.3 Cutting 7.6.3.1 Robotic Cutting is Employed in Variety of Industries 7.7 Others 7.7.1 Inspection and Quality Testing 7.7.1.1 Automated Inspection Enhances Repeatability of Inspection Procedures 7.7.2 Die-Casting and Molding 7.7.2.1 Foundry and Forging Robots are Used in Die-Casting and Molding Applications 8 Industrial Robotics Market, By Industry 8.1 Introduction 8.2 Automotive 8.2.1 Automotive Industry Accounted for the Largest Size of Industrial Robotics Market in 2018 8.3 Electrical & Electronics 8.3.1 Scara Robots are Extensively Used in Electrical & Electronics Industry for Handling Applications 8.4 Metals & Machinery 8.4.1 Metals & Machinery Industry to Witness Highest CAGR During Forecast Period 8.5 Plastics, Rubber, & Chemicals 8.5.1 Robotic Molding and Handling is Often Used in Plastics, Rubber, and Chemicals Industry 8.6 Food & Beverages 8.6.1 Food Grade and Ip67 Certified Robots are Often Used in Food & Beverages Industry 8.7 Precision Engineering and Optics 8.7.1 Robotic Buffing and Polishing are A Few Tasks Performed in Precision Engineering and Optics Industry 8.8 Pharmaceuticals and Cosmetics 8.8.1 Robots are Increasingly Being Used in Hospitals and Research Laboratories for Handling and Dispensing Applications 8.9 Others 8.9.1 Industrial Robots are Also Being Used in Small and Emerging Industries Such as Furniture and Sculpting 9 Geographic Analysis 9.1 Introduction 9.2 North America 9.2.1 US 9.2.1.1 US Held Largest Share of Traditional Industrial Robotics Market in North America in 2018 9.2.2 Canada 9.2.2.1 Canada is Focusing on Automating and Promoting Growth of Its Electrical & Electronics Industry Using Industrial Robots 9.2.3 Mexico 9.2.3.1 Traditional Industrial Robotics Market in Mexico is Expected to Grow at Highest CAGR During Forecast Period 9.3 Europe 9.3.1 Germany 9.3.1.1 Germany Held Largest Share of Traditional Industrial Robotics Market in Europe in 2018 9.3.2 Italy 9.3.2.1 Italy Held Second-Largest Share of Traditional Industrial Robotics Market in Europe in 2018 9.3.3 France 9.3.3.1 Electric and Hybrid Vehicles Expected to Drive Demand for Robots in Automotive Sector in France 9.3.4 Spain 9.3.4.1 Traditional Industrial Robotics Market in Spain is Projected to Witness Highest Growth in Europe During Forecast Period 9.3.5 UK 9.3.5.1 Political Uncertainty to Affect Import and Export in UK, Impacting Market for Industrial Robots 9.3.6 Rest of Europe 9.3.6.1 Although Having Smaller Market Share, Other Countries in Europe have Good Robot Density 9.4 APAC 9.4.1 China 9.4.1.1 China Held Largest Share of Traditional Industrial Robotics Market in APAC in 2018, Despite Decrease in Shipment in Comparison to 2017 9.4.2 South Korea 9.4.2.1 Electrical and Electronics Industry in South Korea to Drive Market for Industrial Robots 9.4.3 Japan 9.4.3.1 Japan Held Second-Largest Share of Traditional Industrial Robotics Market in APAC in 2018 9.4.4 Taiwan 9.4.4.1 Electrical & Electronics and Metals & Machining Industries in Taiwan to Drive Market for Industrial Robots 9.4.5 India 9.4.5.1 Indian Market for Traditional Industrial Robots is Expected to Grow at Highest CAGR During Forecast Period 9.4.6 Thailand 9.4.6.1 Government Initiatives in Thailand to Boost Demand for Industrial Robots 9.4.7 Rest of APAC 9.4.7.1 Other Countries in APAC have Begun to Embrace Automation and Robotics in Manufacturing 9.5 RoW 9.5.1 Middle East & Africa 9.5.1.1 Automation is Being Adopted Across Various Industries in Middle East & Africa 9.5.2 South America 9.5.2.1 Automotive Industry is Main Driver for Use of Industrial Robots in South American Countries 10 Components of Industrial Robotics System 10.1 Introduction 10.2 Robotic Arm 10.3 End Effector 10.3.1 Welding Gun 10.3.2 Gripper 10.3.2.1 Mechanical 10.3.2.2 Electric 10.3.2.3 Magnetic 10.3.3 Tool Changer 10.3.4 Clamp 10.3.5 Suction Cup 10.3.6 Others (Deburring, Milling, Soldering, Painting Tools, and Screwdrivers) 10.3.6.1 Deburring Tools 10.3.6.2 Milling Tools 10.3.6.3 Soldering Tools 10.3.6.4 Painting Tools 10.3.6.5 Screwdrivers 10.4 Drive 10.4.1 Hydraulic Drive 10.4.2 Electric Drive 10.4.3 Pneumatic Drive 10.5 Controller 10.6 Sensor 10.7 Power Supply 10.8 Motor 10.9 Others 11 Competitive Landscape 11.1 Overview 11.2 Market Share Analysis: Industrial Robotics Market, 2018 11.2.1 Traditional Industrial Robots Market Share Analysis, 2018 11.2.2 Collaborative Robots Market Share Analysis, 2018 11.3 Competitive Leadership Mapping 11.3.1 Visionary Leaders 11.3.2 Dynamic Differentiators 11.3.3 Innovators 11.3.4 Emerging Companies 11.3.5 Strength of Product Portfolio (25 Players) 11.3.6 Business Strategy Excellence (25 Players) 11.4 Competitive Situations and Trends 11.4.1 Product Launches 11.4.2 Partnerships and Collaborations 11.4.3 Expansions 11.4.4 Acquisitions 11.4.5 Contracts and Agreements 12 Company Profiles 12.1 Key Players 12.1.1 ABB 12.1.2 Yaskawa 12.1.3 Fanuc 12.1.4 Kuka 12.1.5 Mitsubishi Electric 12.1.6 Kawasaki Heavy Industries 12.1.7 Denso Corporation 12.1.8 Nachi-Fujikoshi 12.1.9 Seiko Epson 12.1.10 DRR 12.2 Other Key Players 12.2.1 Universal Robots 12.2.2 Omron Adept 12.2.3 B+M Surface Systems 12.2.4 Stubli 12.2.5 Comau 12.2.6 Yamaha 12.2.7 IGM 12.2.8 ST Robotics 12.2.9 Franka Emika 12.2.10 CMA Robotics For more information about this report visit https://www.researchandmarkets.com/r/wyyb49 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. 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