Post-COVID-19, the global traditional industrial robotics market size (including the prices of peripherals, software, and system engineering) is expected to grow from USD 44.6 billion in 2020 and is projected to reach USD 73 billion by 2025; it is expected to grow at a CAGR of 10.4% during the forecast period. The projection for 2025 is estimated to be down by ~3% as compared to pre-COVID-19 estimation.
A shortage of skilled labor, especially in developed countries, is driving the further use of automation, in the industrial robotics market. Manufacturers are turning to automation to decrease manufacturing costs and to keep their cost advantage in the market. Automation in the electronics industry presents an excellent growth opportunity for traditional industrial robots in the coming years, especially in the APAC region where manufacturers are looking to automate their production processes further. Post-COVID-19, manufacturers are expected to increase in-house manufacturing through automation rather than outsource manufacture to other countries to mitigate global supply chain risks in the future.
SCARA robots market to grow at the highest CAGR during the forecast period
The market for SCARA robots is projected to grow at the highest CAGR during the forecast period. SCARA robots are expected to play a vital role specifically in industries such as food & beverages and electronics & electrical by preventing contamination of food products and preventing damage of delicate semiconductor wafers due to human contact, especially for companies looking to minimize their losses during COVID-19.
The market for metals & machinery industry to grow at a significant CAGR from 2020 to 2025
Like other industries, the metals & machinery industry has also been hampered by the COVID-19 pandemic. The lack of demand for metals and machines from the construction, automotive, shipbuilding, and many more industries have severely affected the metals & machinery sector. Additionally, metals and machinery companies are planning to operate by utilizing only 50% of their workforce. However, the metals and machinery industry make up the building blocks for other large industries. Companies in the metals and machinery industry make for a large number of essential suppliers. To minimize disruption in production, the traditional industrial robotics market for this industry is expected to grow at the fastest rate post-COVID-19.
APAC to dominate the global traditional industrial robotics market throughout the forecast period
2018 saw a decrease in sales of industrial robots due to countries like China seeing a fall in demand in the automotive sector and the adverse effects of the US-China trade war. Subsequently, the COVID-19 pandemic starting in late 2019 and extending till mostly Q2 or Q3 of 2020 is now adversely affecting the market growth for traditional industrial robots. However, the market in APAC is still expected to grow at the highest CAGR during 2020-2025. Although major countries contributing to the APAC market, such as China, experienced a greater slowdown in growth, their market share remains significant.
On the other hand, 2018 has witnessed the penetration and sales of industrial robots in developing APAC countries such as India and Taiwan. The electrical and electronics industry is an important driver for industrial robots in APAC, owing to the rising demand for electronic products around the world. Components like computer chips, batteries, and displays that are small and sensitive need to be handled with high speed and high precision. APAC also houses a major number of strong global players in the industrial robotics market.
Apart from APAC, the growth of industrial robots in Europe has remained steady over the years. In Europe, industrial robots are not only relevant for large enterprises, but smaller enterprises as well. Germany remains the largest market in Europe for industrial robots. Government initiatives like Industrie 4.0 and the penetration of IoT and AI are expected to boost robot sales in the coming years post-COVID-19. However, the COVID-19 pandemic will negatively affect growth even in developing APAC countries as well as European manufacturers until Q2 or Q3 of 2020.
Key Benefits of Buying the Report
The report helps stakeholders understand the pulse of the industrial robotics market and provides them with information on key drivers, restraints, challenges, and opportunities specific to the COVID-19 pandemic.
This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business even during the COVID-19 pandemic.
The report identifies new revenue sources for players in the industrial robotics ecosystem, post-COVID-19 subsides.
Key Topics Covered
1 Introduction 1.1 COVID-19 Health Assessment 1.2 COVID-19 Economic Assessment 1.2.1 COVID-19 Impact on Economy - Scenario Assessment
2 Research Methodology 2.1 Research Assumptions 2.2 Primary Data 2.2.1 Breakdown of Primaries 2.3 Inclusions and Exclusions 2.4 Approach to Estimate Post-COVID-19 Decline in 2020 2.5 Stakeholders
3 Executive Summary
4 Impact on Ecosystem and Extended Ecosystem (Adjacent Markets) 4.1 Introduction 4.1.1 Component Suppliers 4.1.2 Original Equipment Manufacturers 4.1.3 System Integrators 4.1.4 Software Providers 4.1.5 Accessory Providers 4.1.6 End Users 4.2 COVID-19-Driven Market Dynamics and Factor Analysis 4.2.1 Drivers 22.214.171.124 Solicitation of Proposals by Governments and Public-Private Companies to Mitigate Adverse Impact of COVID-19 126.96.36.199 Anticipated Shortage of Skilled Workforce in Manufacturing Industries Due to Ban on Migration 4.2.2 Restraints 188.8.131.52 High Installation Cost of Industrial Robots, Especially for Small and Medium-Sized Enterprises 4.2.3 Opportunities 184.108.40.206 Accelerating Spread of COVID-19 Pandemic Prompting Several Industries to Adopt Automation Technologies 4.2.4 Challenges 220.127.116.11 Difficulties Faced by Start-Up Companies to Demonstrate Their Products Virtually
5 Business Implications of COVID-19 on Industrial Robotics Market 5.1 Implications Based on Various Types of Robots (Pessimistic (Post-COVID-19) and Realistic (Post-COVID-19)) 5.1.1 Articulated Robots Market Forecast (2020-2025) 5.1.2 Scara Robots Market Forecast (2020-2025) 5.1.3 Parallel/Delta Robots Market Forecast (2020-2025) 5.1.4 Cartesian/Gantry/Linear Robots Market Forecast (2020-2025) 5.1.5 Other Robots (Cylindrical, Spherical, Swing Arm) Market Forecast (2020-2025)
6 Use Cases Showing Impact of COVID-19 on Major Verticals and Steps Taken by Clients to Respond to Current Scenario 6.1 Shift in Clients' Revenues 6.2 Automotive 6.2.1 Forecast from 2020 to 2025 18.104.22.168 Pessimistic Scenario 22.214.171.124 Realistic Scenario 6.2.2 Key Use Cases 6.3 Electrical and Electronics 6.4 Chemicals, Rubber, and Plastics 6.5 Metals and Machinery 6.6 Food & Beverages 6.7 Precision Engineering and Optics 6.8 Pharmaceuticals and Cosmetics
7 Impact of COVID-19 on Geographic Regions 7.1 Geographic Analysis 7.1.1 Forecast from 2020 to 2025 7.2 North America 7.2.1 Forecast from 2020 to 2025 126.96.36.199 US 188.8.131.52.1 US to Dominate Traditional Industrial Robots Market in North America in 2020 184.108.40.206 Canada 220.127.116.11.1 Government Initiatives to Fuel Growth of Canadian Traditional Industrial Robots Market 18.104.22.168 Mexico 22.214.171.124.1 Growth of Mexican Market to Slow Down Owing to COVID-19 7.3 Europe 7.4 APAC 7.5 RoW
8 COVID-19 Focused Profiles of Key Vendors 8.1 Industrial Robotics Ecosystem 8.1.1 ABB 126.96.36.199 Company Overview 188.8.131.52 COVID-19 Impact on Industrial Robotics Market Company-Specific Developments 8.1.2 Yaskawa 8.1.3 Fanuc 8.1.4 Kuka 8.1.5 Kawasaki Heavy Industries 8.1.6 Mitsubishi Electric 8.1.7 Denso Corporation 8.1.8 Nachi-Fujikoshi 8.1.9 Seiko Epson 8.1.10 Durr 8.1.11 Omron Adept 8.1.12 B+M Surface Systems 8.2 Collaborative Robot Ecosystem 8.2.1 Universal Robots 8.2.2 Techman Robot 8.2.3 Doosan Robotics 8.2.4 Aubo Robotics 8.2.5 Precise Automation 8.2.6 Rethink Robotics 8.2.7 Comau 8.2.8 F&P Robotics 8.2.9 Mabi Robotic 8.2.10 Franka Emika 8.2.11 Stubli 8.2.12 Bosch Group 8.3 Robot End-Effector Ecosystem 8.3.1 Schunk 8.3.2 Robotiq 8.3.3 Zimmer Group 8.3.4 Schmalz 8.3.5 Destaco 8.3.6 Tnkers 8.3.7 Festo 8.3.8 Ati Industrial Automation 8.3.9 Piab Ab 8.3.10 Soft Robotics 8.3.11 Bastian Solutions 8.3.12 EMI 8.3.13 IAI 8.4 Service Robotics Ecosystem 8.4.1 Irobot 8.4.2 Delaval 8.4.3 Daifuku 8.4.4 DJI 8.4.5 Kongsberg Maritime 8.4.6 Softbank Robotics Group 8.4.7 Northrop Grumman 8.4.8 Neato Robotics 8.4.9 Eca Group 8.4.10 Lely 8.4.11 Starship Technologies 8.4.12 General Electric 8.4.13 Parrot Drones SAS 8.5 Medical Robots Ecosystem 8.5.1 Intuitive Surgical 8.5.2 Mazor Robotics 8.5.3 Stryker 8.5.4 Accuray 8.5.5 Omnicell 8.5.6 Hocoma 8.5.7 Hansen Medical (A Wholly Owned Subsidiary of Auris Surgical Robotics) 8.5.8 Arxium 8.5.9 Ekso Bionics 8.5.10Kirby Lester 8.5.11 Cyberdyne