Industrial Robotics Market Worth $32.7 Billion by 2029

1. Industrial Robotics Market Worth $32.7 Billion by 2029

2. Global Industrial Robotics Market - 2022 to 2029 Meticulous Research®, a prominent global market research firm, has recently published a detailed report titled "Industrial Robotics Market by Component (Robots, Robot Accessories), Payload (Up to 60 kg, 60–100 kg, 100–225 kg, and Above 225 kg), Application, End-use Industry, and Geography - Global Forecast to 2029." The report projects the global industrial robotics market to reach $32.7 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.2% from 2022 to 2029. Additionally, in terms of volume, the market is set to grow at an impressive CAGR of 11.2% during the same period, with a projected volume of 950.1 thousand units by 2029. The market growth is primarily driven by the increasing deployment of robots across various industries, especially in manufacturing, combined with supportive government initiatives promoting automation. Other factors contributing to growth include the high cost of labor in regions such as North America and Europe and the expanding presence of small and medium-sized enterprises (SMEs) globally. Furthermore, the demand for automation in the automotive and electronics sectors, coupled with a rising focus on minimizing human labor, is expected to create lucrative opportunities for companies in this market. Download Sample Report Here: https://www.meticulousresearch.com/download- sample-report/cp_id=5278 Despite these positive factors, challenges such as the need for highly skilled operators and safety concerns regarding industrial robots may limit growth to some extent. The report categorizes the global industrial robotics market based on components, payload, application, end-use industry, and geography. It also provides a competitive analysis of key market players and includes a thorough examination of regional and country-level markets. Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

3. Global Industrial Robotics Market - 2022 to 2029 On the basis of component, the market is segmented into robots, robot accessories, software, and controllers. The robots segment is anticipated to account for the largest market share in 2022. This growth is fueled by the increasing demand for robots across various industries to perform hazardous or repetitive tasks with precision and efficiency. Robots have the ability to work continuously, even in challenging environments, leading to enhanced productivity and cost reduction. In terms of payload, the market is divided into categories of up to 60 kg, 60–100 kg, 100–225 kg, and above 225 kg. The up to 60 kg segment is expected to grow at the fastest rate during the forecast period, largely due to the use of SCARA, articulated, and collaborative robots in the electronics industry. SCARA robots, known for their speed and adaptability, are ideal for tasks such as assembly and handling in compact spaces and cleanroom environments. The application-based segmentation includes material handling, assembling & disassembling, welding & soldering, dispensing, processing, machine tending, inspection, and others. Among these, the material handling segment is projected to hold the largest share of the market in 2022, as material handling robots streamline operations by automating monotonous tasks in production lines, boosting overall productivity and efficiency. By end-use industry, the market is segmented into automotive, electrical & electronics, metal & machinery, plastics & chemicals, food & beverage, healthcare & pharmaceuticals, and others. The automotive sector is expected to dominate the market in 2022, as automakers increasingly rely on robots for their precision, speed, and ability to reduce production costs while maintaining high quality and ensuring worker safety. Geographic Overview: Regionally, the global industrial robotics market is segmented into North America, Europe, Asia- Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is anticipated to command the largest share of the market, driven by the rising cost of labor in the region and the increased adoption of automation in manufacturing to maintain cost-effectiveness. Key Players: The key players profiled in the global industrial robotics market study include ABB Ltd (Sweden), Fanuc Corporation (Japan), Yaskawa Electric Corporation (Japan), KUKA AG (Germany), Mitsubishi Electric Corporation (Japan), Kawasaki Heavy Industries, Ltd. (Japan), Denso Corporation (Japan), Seiko Epson Corporation (Japan), Dürr Group (Germany), Universal Robots A/S (Denmark), Stäubli International AG (Switzerland), Comau S.p.A. (Italy), Hyundai Robotics (South Korea), SIASUN Robot & Automation CO., Ltd (China), OMRON Corporation (Japan), Techman Robot Inc. (Taiwan), FRANKA EMIKA GmbH (Germany), and F&P Robotics AG (Switzerland). BUY NOW : https://www.meticulousresearch.com/Checkout/21177302 Key Questions Answered in the Report: • Which are the high-growth market segments in terms of component, payload, application, end-use industry, and geography? • What is the historical market size for industrial robots across the globe? • What are the market forecasts and estimates for the period 2022–2029? Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

4. Global Industrial Robotics Market - 2022 to 2029 • What are the major drivers, restraints, opportunities, and challenges in the global industrial robots market? • Who are the major players in the market, and what are their market shares? • How is the competitive landscape for the global industrial robots market? • What are the recent developments in the global industrial robots market? • What are the different strategies adopted by the major players in the market? • What are the key geographic trends, and which are the high-growth countries? • Who are the local emerging players in the global industrial robots market, and how do they compete with other players? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com