Global Industrial Robotics Industry

Global Industrial Robotics Industry

  • April 2021 •
  • 359 pages •
  • Report ID: 87323 •
  • Format: PDF
Abstract:
- Global Industrial Robotics Market to Reach 932 Thousand Units by 2027
- Amid the COVID-19 crisis, the global market for Industrial Robotics estimated at 459 Thousand Units in the year 2020, is projected to reach a revised size of 932 Thousand Units by 2027, growing at a CAGR of 10.6% over the analysis period 2020-2027. Automotive, one of the segments analyzed in the report, is projected to record a 11.3% CAGR and reach 298 Thousand Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electrical / Electronics segment is readjusted to a revised 9.3% CAGR for the next 7-year period.
- The U.S. Market is Estimated at 124 Thousand Units, While China is Forecast to Grow at 14.1% CAGR
- The Industrial Robotics market in the U.S. is estimated at 124 Thousand Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 200.7 Thousand Units by the year 2027 trailing a CAGR of 14.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.3% and 9.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR.
- Metal & Machinery Segment to Record 10% CAGR
- In the global Metal & Machinery segment, USA, Canada, Japan, China and Europe will drive the 9.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of 34.2 Thousand Units in the year 2020 will reach a projected size of 63.8 Thousand Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 134.9 Thousand Units by the year 2027, while Latin America will expand at a 11.4% CAGR through the analysis period.

- Select Competitors (Total 209 Featured) -
  • ABB Ltd.
  • Denso Wave Inc.
  • Dürr AG
  • FANUC America Corp.
  • FANUC Corp.
  • iRobot Corp.
  • Kawasaki Robotics (USA), Inc.
  • KUKA AG
  • Nachi Robotic Systems, Inc.
  • Nachi-Fujikoshi Corp.
  • Omron Adept Technologies, Inc.
  • Panasonic Corp.
  • ST Robotics
  • Stäubli International AG
  • Yaskawa America, Inc.
  • YASKAWA Electric Corp.