63% of Growth to Originate from APAC for Industrial Robotics Market | Technavio

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Jan 20, 2022, 08:30 ET

NEW YORK, Jan. 20, 2022 /PRNewswire/ -- The industrial robotics market is expected to grow by 145.02 th units from 2021 to 2026. Technavio's latest market research report estimates that the industrial robotics market will decelerate at a CAGR of 6.62%. The year-over-year growth rate of the market in 2022 is 7.55%.

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Attractive Opportunities in Industrial Robotics Market by Application and Geography - Forecast and Analysis 2022-2026

The report also covers the following areas:

Industrial Robotics Market 2022-2026: Segmentation

Application

Electrical And Electronics
Automotive
Metal And Machinery
Plastic And Chemical
Others

Geography

APAC
Europe
North America
MEA
South America

Regional Market Analysis

With 63% of the growth originating from APAC, this region will record a fast growth rate during 2022-2026. China, Japan, and South Korea (Republic of Korea) are the key countries for the industrial robotics market in APAC. However, the market growth rate in APAC will be slower than the growth of the market in other regions. The significant increase in the demand for industrial robots from the automotive, electronics, and metal industries will drive the industrial robotics market growth in APAC during the forecast period.

The region is home to many well-established players in the industrial robotics market, such as FANUC Global, Yaskawa Electric Corp, Kawasaki Heavy Industries, Mitsubishi Electric, Seiko Epson, and Toshiba Machine Co., Ltd. APAC has emerged to be a significantly growing geographical segment in the industrial robotics market in recent years, with the majority of the demand coming from the automotive, electronics, and metal industries. The automotive manufacturers in countries such as China and India are increasingly investing in automation solutions in their manufacturing plants to improve productivity and reduce cycle times, which would offer a competitive edge over other players.

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Key Vendors and Vendor Strategies

ABB Ltd., Comau Spa, DENSO Corp., FANUC Corp., Kawasaki Heavy Industries Ltd., MIDEA GROUP, Mitsubishi Electric Corp., Seiko Epson Corp., Universal Robots AS, and Yaskawa Electric Corp. are some of the key vendors in the industrial robotics market. Vendors are using various organic and inorganic growth strategies to compete in the market.

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Key Market Drivers

Our analysts have extensively outlined the information on the key market drivers and their impact on the industrial robotics market.

Technological advancements and investments in R&D in robotics:

The demand for many industrial applications will increase, with technological advances and investments in R&D in robotics. Manufacturers can automate their day-to-day manual processes by incorporating robots to gain a competitive edge, which, in turn, will lead to a high demand for industrial robots. The adoption of industrial robots will help minimize errors, ensure employee safety, and maintain operational efficiency. The lack of a working-age population and the increasing need for employees who can oversee the whole operations continuously will positively impact the growth of the market in focus during the forecast period.

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Rehabilitation Robots Market by Product and Geography - Forecast and Analysis 2021-2025

Industrial Robotics Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 6.62%
Market growth 2022-2026	145.02 th units
Market structure	Fragmented
YoY growth (%)	7.55
Regional analysis	APAC, Europe, North America, MEA, and South America
Performing market contribution	APAC at 63%
Key consumer countries	China, Japan, US, South Korea (Republic of Korea), and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ABB Ltd., Comau Spa, DENSO Corp., FANUC Corp., Kawasaki Heavy Industries Ltd., MIDEA GROUP, Mitsubishi Electric Corp., Seiko Epson Corp., Universal Robots AS, and Yaskawa Electric Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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