Industrial robotics services market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Jan. 10, 2023 /PRNewswire/ -- According to Technavio, the global industrial robotics services market size is estimated to grow by USD 7,429.08 million from 2022 to 2027. The market is expected to grow at a CAGR of 6.9% during the forecast period. Moreover, the growth momentum will progress. APAC will account for 41% of the global market's growth during the forecast period. 

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Global industrial robotics services market - Five forces
The global industrial robotics services market is fragmented, and the five forces analysis covers– 

• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• For an interpretation of Porter's five forces model – buy the report!

Global industrial robotics services market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global industrial robotics services market - Segmentation assessment

Segment overview
Technavio has segmented the market based on application (material handling, welding and soldering, assembly line, and others) and end-user (healthcare and pharmaceuticals, automotive, food and beverages, and others). 

• The material handling segment will grow at the highest rate during the forecast period. A majority of the demand for material handling comes from the automotive industry. The chemical industry also witnesses significant demand for material handling. In addition, the trend of miniaturization in the electrical and semiconductor industry requires high performance and quality and a reduction of processing time. These factors will drive the growth of this segment during the forecast period.

Geography overview
Based on geography, the global industrial robotics services market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global industrial robotics services market.

• APAC is estimated to account for 41% of the growth of the global market during the forecast period. The demand for industrial robotics services is high in China, Japan, South Korea, Taiwan, and India. APAC is an important base for foreign manufacturers and system integrators and plays a key role in providing system solutions using robots manufactured in Europe and Japan. The automotive, F&B, metals, textiles, chemicals and pharmaceuticals industries are growing in the region. These factors will drive the regional market's growth during the forecast period.

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Global industrial robotics services market – Market dynamics Key factor driving market growth

• The surge in demand for industrial robots is the key factor driving global industrial robotics services growth. 
• Manufacturers are automating manual processes by adopting industrial robots, which can improve various applications such as welding and soldering, painting, assembly and disassembly, and cutting and grinding.
• Many vendors are developing custom bots to meet the demand and gain a competitive edge.
• Thus, an increase in the demand for application-specific industrial robots will have a positive impact on the market during the forecast period.

Leading trends influencing the market 

• Technological innovations in industrial robotics services are a key trend in the global industrial robotics services market. 
• System integrators are using technologies such as the Internet of Things (IoT) and software platforms to innovate service offerings.
• In addition, vendors are taking steps to improve industrial robot cell reconfiguration.
• Thus, technological innovations in the field of industrial robotic services will support the growth of the market during the forecast period

Major challenges hindering market growth

• The high costs of the initial investment in a desalination plant are challenging the global industrial robotics services growth. 
• The integration of robot systems includes contracts, legal regulations, tenders, and assessments before deployment.
• Operators and employees need to be trained for the smooth integration of these systems.
• However, the costs associated with on-site training events are high, which increases the potential total cost to end-users. 
• These factors will limit the market growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

What are the key data covered in this industrial robotics services market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the industrial robotics services market between 2023 and 2027
• Precise estimation of the size of the industrial robotics services market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the industrial robotics services market across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of industrial robotics services market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global industrial robotics services market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global industrial robotics services market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Material handling - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Material handling - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Material handling - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Material handling - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Material handling - Year-over-year growth 2022-2027 (%)

• 6.4 Welding and soldering - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Welding and soldering - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Welding and soldering - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Welding and soldering - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Welding and soldering - Year-over-year growth 2022-2027 (%)

• 6.5 Assembly line - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Assembly line - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Assembly line - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Assembly line - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Assembly line - Year-over-year growth 2022-2027 (%)

• 6.6 Others - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Application 
• Exhibit 50: Market opportunity by Application ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 51: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 52: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 53: Chart on Comparison by End-user
• Exhibit 54: Data Table on Comparison by End-user

• 7.3 Healthcare and pharmaceuticals - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Healthcare and pharmaceuticals - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Healthcare and pharmaceuticals - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Healthcare and pharmaceuticals - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Healthcare and pharmaceuticals - Year-over-year growth 2022-2027 (%)

• 7.4 Automotive - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Automotive - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

• 7.5 Food and beverages - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Food and beverages - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Food and beverages - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Food and beverages - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Food and beverages - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by End-user 
• Exhibit 71: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 73: Chart on Market share by geography 2022-2027 (%)
• Exhibit 74: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 75: Chart on Geographic comparison
• Exhibit 76: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 85: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 South Korea - Market size and forecast 2022-2027 
• Exhibit 113: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 114: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 115: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 117: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 118: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 120: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 121: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 122: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 123: Matrix on vendor position and classification

• 12.3 ABB Ltd.
• Exhibit 124: ABB Ltd. - Overview
• Exhibit 125: ABB Ltd. - Business segments
• Exhibit 126: ABB Ltd. - Key offerings
• Exhibit 127: ABB Ltd. - Segment focus

• 12.4 Carl Cloos Schweisstechnik GmbH 
• Exhibit 128: Carl Cloos Schweisstechnik GmbH - Overview
• Exhibit 129: Carl Cloos Schweisstechnik GmbH - Product / Service
• Exhibit 130: Carl Cloos Schweisstechnik GmbH - Key offerings

• 12.5 DAIHEN Corp.
• Exhibit 131: DAIHEN Corp. - Overview
• Exhibit 132: DAIHEN Corp. - Business segments
• Exhibit 133: DAIHEN Corp. - Key offerings
• Exhibit 134: DAIHEN Corp. - Segment focus

• 12.6 Denso Corp.
• Exhibit 135: Denso Corp. - Overview
• Exhibit 136: Denso Corp. - Business segments
• Exhibit 137: Denso Corp. - Key news
• Exhibit 138: Denso Corp. - Key offerings
• Exhibit 139: Denso Corp. - Segment focus

• 12.7 Durr AG
• Exhibit 140: Durr AG - Overview
• Exhibit 141: Durr AG - Business segments
• Exhibit 142: Durr AG - Key offerings
• Exhibit 143: Durr AG - Segment focus

• 12.8 FANUC Corp.
• Exhibit 144: FANUC Corp. - Overview
• Exhibit 145: FANUC Corp. - Product / Service
• Exhibit 146: FANUC Corp. - Key offerings

• 12.9 General Electric Co.
• Exhibit 147: General Electric Co. - Overview
• Exhibit 148: General Electric Co. - Business segments
• Exhibit 149: General Electric Co. - Key news
• Exhibit 150: General Electric Co. - Key offerings
• Exhibit 151: General Electric Co. - Segment focus

• 12.10 Hans Laser Technology Industry Group Co. Ltd. 
• Exhibit 152: Hans Laser Technology Industry Group Co. Ltd. - Overview
• Exhibit 153: Hans Laser Technology Industry Group Co. Ltd. - Product / Service
• Exhibit 154: Hans Laser Technology Industry Group Co. Ltd. - Key news
• Exhibit 155: Hans Laser Technology Industry Group Co. Ltd. - Key offerings

• 12.11 Jenoptik AG
• Exhibit 156: Jenoptik AG - Overview
• Exhibit 157: Jenoptik AG - Business segments
• Exhibit 158: Jenoptik AG - Key news
• Exhibit 159: Jenoptik AG - Key offerings
• Exhibit 160: Jenoptik AG - Segment focus

• 12.12 Kawasaki Heavy Industries Ltd. 
• Exhibit 161: Kawasaki Heavy Industries Ltd. - Overview
• Exhibit 162: Kawasaki Heavy Industries Ltd. - Product / Service
• Exhibit 163: Kawasaki Heavy Industries Ltd. - Key offerings

• 12.13 MIDEA Group
• Exhibit 164: MIDEA Group - Overview
• Exhibit 165: MIDEA Group - Business segments
• Exhibit 166: MIDEA Group - Key offerings
• Exhibit 167: MIDEA Group - Segment focus

• 12.14 Mitsubishi Electric Corp. 
• Exhibit 168: Mitsubishi Electric Corp. - Overview
• Exhibit 169: Mitsubishi Electric Corp. - Business segments
• Exhibit 170: Mitsubishi Electric Corp. - Key news
• Exhibit 171: Mitsubishi Electric Corp. - Key offerings
• Exhibit 172: Mitsubishi Electric Corp. - Segment focus

• 12.15 NACHI FUJIKOSHI Corp. 
• Exhibit 173: NACHI FUJIKOSHI Corp. - Overview
• Exhibit 174: NACHI FUJIKOSHI Corp. - Business segments
• Exhibit 175: NACHI FUJIKOSHI Corp. - Key news
• Exhibit 176: NACHI FUJIKOSHI Corp. - Key offerings
• Exhibit 177: NACHI FUJIKOSHI Corp. - Segment focus

• 12.16 Seiko Epson Corp.
• Exhibit 178: Seiko Epson Corp. - Overview
• Exhibit 179: Seiko Epson Corp. - Business segments
• Exhibit 180: Seiko Epson Corp. - Key news
• Exhibit 181: Seiko Epson Corp. - Key offerings
• Exhibit 182: Seiko Epson Corp. - Segment focus

• 12.17 Yaskawa Electric Corp 
• Exhibit 183: Yaskawa Electric Corp - Overview
• Exhibit 184: Yaskawa Electric Corp - Business segments
• Exhibit 185: Yaskawa Electric Corp - Key offerings
• Exhibit 186: Yaskawa Electric Corp - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 187: Inclusions checklist
• Exhibit 188: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 189: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 190: Research methodology
• Exhibit 191: Validation techniques employed for market sizing
• Exhibit 192: Information sources

• 13.5 List of abbreviations 
• Exhibit 193: List of abbreviations

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