Industrial Robotics Market Insight & Future Assessment For The Period 2022 – 2029
Paradigm shifts and technological interventions have completely transformed the way industries operate, making a quantum leap toward automation. To this end, industrial robots are comprehensively being incorporated across food and beverage, metals and machinery, electronics, and semiconductors industries. Leveraging these industrial robots, organisations can efficiently automate mundane and repetitive tasks with great precision and accuracy. Against this backdrop, industrial robotics has gained considerable traction across diverse industrial applications including packaging and labelling, welding, assembly, painting, and product inspection. In addition, extensive use of industrial robotics in automotive and electronics manufacturing is poised to ameliorate the productivity of high-volume production lines. Such trends are setting the stage for the robust expansion of the global industrial robotics market.
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Miniaturisation, and Precision Robotics to Unlock New Avenues for Expansion of Industrial Robotics Market
Today, the periphery of robotics applications has expanded from being limited to heavy industries such as automobiles and energy. This can be attributed to the provided precision, optimal utilisation of resources, significant cost reductions, productivity enhancements, and better quality of outputs. In addition, the miniaturisation of robots & advent of nanorobotics has further tapped into new markets including instrumentation, electronics, and healthcare. With such a vast application base, industrial robotics has succeeded in accentuating its position in small and medium-sized enterprises (SMEs). Considering the aforementioned factors, the global industrial robotics market is anticipated to witness substantial growth in the years to come.
Ascending Demand for Collaborative Robots to Steepen Growth Curve of Industrial Robotics Market
Collaborative robots, also known as cobots, have been experiencing sharp spikes in demand across various industries. These cobots are designed in a way to interact and work in complete harmony with humans in the common workplace. Likewise, employing these cobots and automating tasks is plain sailing. Cobots can assist enterprises in packaging, screwing, pick-and-place, laboratory testing, assembly, and quality inspection. Moreover, the cobots are highly capable of performing repetitive tasks with great speed and accuracy, ensuring a safer environment for workers and production. Acknowledging these benefits and applications, various retailers, healthcare providers, and automotive manufacturers are rapidly advancing towards the adoption of collaborative robots. The steadily rising demand for industrial robotics is, in a way, paving pathways for the industrial robotics market expansion.
Asia Pacific to Slate Dominance in Industrial Robotic Market Owing to Rising Labour Costs
With consistently surging labour costs, the manufacturers in the Asia Pacific are opting for automation technologies, such as industrial robotics, to curtail the overall cost of production. Moreover, economies such as China are rebounding their production lines after undergoing a period of stark stagnation. In addition, Thailand and Taiwan are also propelling the adoption of automation technologies. Other macro factors such as a rise in disposable income, demand for consumer goods, population, and production capacity are instrumentally elevating the demand for industrial robots in the Asia Pacific.
Major Market Players
Some of the most prominent players consolidating stronghold positions in the global industrial robotics market include Bosch Rexroth (Germany), FANUC (Japan), ABB (Switzerland), ICR Services (US), KUKA (Germany), Mitsubishi Electric (Japan), YASKAWA (Japan), Denso Corporation (Japan), NACHI-FUJIKOSHI (Japan), Seiko Epson (Japan), Kawasaki Heavy Industries (Japan), Universal Robots (Denmark), DÜrr (Germany), Comau (Italy), Stäubli (Switzerland), IRS Robotics (Netherlands), B+M SURFACE SYSTEMS (Germany), Siasun Robotics (China), RobotWorx (US), Hyundai Robotics (South Korea), Rethink Robotics (Germany), Techman Robot (Taiwan), F&P Robotics (Switzerland), and FrankaEmika (Germany).
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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
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Warehouse Robotics Market – Current Trends and Growth Drivers Along with Key Industry Players 2029
The evolution of Industry 4.0 has unlocked new milestones of automation, efficiency, and productivity in industrial operations. Integration of Industry 4.0 enables the programming of robots with specific commands and instructions that empowers them to work effectively in diversified operational environments, under distinctive circumstances. Automation by Industry 4.0 offers an effortless adaptation of new changes along the line of processes, which has promoted its usage across warehousing facilities. Leveraging this futuristic technology, it has become easier to establish a mode of communication between human faculties and robots, relevant to warehouse operations. As a result, high-velocity and time-critical tasks can be easily completed at affordable costs. Companies are also carrying out huge volume tasks such as delivering goods at speed and processing customized orders with great precision. That said, the introduction of Industry 4.0 has translated into numerous growth opportunities for the warehouse robotics market.
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Perpetual Growth of E-commerce Sector to Aid Market Expansion
Over the recent past, the e-commerce industry is gaining substantial traction at the behest of omnichannel retailing. Penetration of mobile phones, the convenience of buying and selling in a few clicks, and the ability to offer a wide range of products and services across brands have bolstered the growth of the e-commerce industry. Higher propensity to purchase online and online presence of businesses has paved the demand for warehouses. Aiming to suffice growing customer demands, companies are advancing toward warehouse facilities to store products. This ensures the safety of storage and packaging of increasing volumes. Companies are investing in effective tools to manage their warehouse operations while curtailing the delivery time of placed orders.
Autonomous Mobile Robots to Unveil New Growth Prospect for Warehouse Robotics Market
Autonomous mobile robots (AMRs) comprehensively satiate the need to enhance warehouse efficiency. This has resulted in an increased preference for AMRs across e-commerce platforms is gaining significant momentum, in turn, creating substantial demand for warehouse robotics around the world. Companies are actively incorporating operational automation to ease their daily tasks and gain more ROI. Furthermore, greater flexibility, ease of integration, and better safety of these robots are further fuelling demand for AMRs. The AMRs are highly scalable, facilitate brisk implementation and work with enormous volumes of stock-keeping units. Cutting-edge technological advancements and incorporation of Artificial Intelligence, machine learning, and deep learning are projected to assure influential growth across the global warehouse robotics market.
Asia Pacific to Slate Dominance with Mushrooming Manufacturing Industry
Asia Pacific holds a dominant share in the global warehouse robotics market, underpinned by the steady surge in online retailing and an elevated number of startups in emerging nations. Various macro factors including low-cost availability of labour and land and growing population and simultaneous growth in customer demand are creating tailwinds for the manufacturing industry in Asia Pacific. In addition, a favourable business environment backed by propitious government initiatives has been influential in the establishment of various end-user companies in the region. Consequently, these developments in the region are boosting the demand for warehouse robotics, creating a promising outlook for the market.
Leading Market Players
Some of the most promising players in the global warehouse robotics market include KION Group AG, Yaskawa Electric Corporation, Shanghai Quicktron Intelligent Technology Co. Ltd., Locus Robotics, ABB Ltd., Vecna Robotics, SSI Schaefer AG, and Hikrobot.
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About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
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