Industrial Robotics Market to Grow USD 63340 Million by 2028 with a CAGR of 7.4% | Valuates Reports

News provided by

Jan 12, 2023, 10:00 ET

BANGALORE, India , Jan. 12, 2023 /PRNewswire/ -- The Global Industrial Robotics Market is Segmented by Type (Parallel Robots, Articulated Robots, SCARA Robots, Cylindrical Robots, Cartesian Robots), by Application (Electrical and Electronics, AutomotiveChemical, Rubber and Plastic, Metal and Machinery, Food, Beverages and Pharmaceuticals): Opportunity Analysis and Industry Forecast, 2023–2028. It is published in Valuates Reports under the Robotics Category.

Due to the COVID-19 pandemic, the global Industrial Robotics market size is estimated to be worth USD 41270 million in 2022 and is forecast to be a readjusted size of USD 63340 million by 2028 with a CAGR of 7.4% during the review period.

Major factors driving the growth of the Industrial Robotics Market:

Industrial robots assist in boosting productivity by cutting costs and creating high-quality goods. The majority of industrial robots are made up of a controller, sensors, robotic manipulator, drive, and end-effector.

Download Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-22R1100/Global_Industrial_Robotics

TRENDS INFLUENCING THE GROWTH OF THE INDUSTRIAL ROBOTICS MARKET:

By providing characteristics like trainability, memory, dexterity, and sensing, the introduction of revolutionary industrial collaborative robots is bridging the gap between machines and humans. Innovative technologies like collaborative robots are rapidly being used across a variety of industries to improve precision and quality of work due to rising consumer demand for higher-quality products and increasing industrial productivity. This factor is expected to drive the growth of the Industrial robotics market.

Many manufacturing tasks are more expensive to handle by a person than by a robot. Additionally, this may free up personnel so they can apply their knowledge and abilities in fields like engineering, programming, and maintenance. Industrial robots can offer improved production quality and more precise and dependable operations when used in conjunction with other technology like the industrial internet of things (IIoT) or 3D printing robots. Reduced cycle times and real-time monitoring to enhance preventative maintenance procedures are further advantages. This factor is expected to further increase the Industrial robotics market size.

Because robots are suitable for simple and demanding working environments, they are used and introduced primarily in assembly, screw tightening, electronic parts insert, transfer, and inspection processes in the electrical and electronic industry. This helps to alleviate the labor shortage, increase productivity, and maintain quality. Robots can complete the same task faster than people by using heavy sprayers to clean residue from the walls and floors. Chemical plants adhere to OSHA safety regulations by utilizing robots to clean dangerous tanks. Additionally, since operators are still needed for the robots, people do not lose their jobs. These trends will further drive the growth of the Industrial robotics market size.

View Full Report: https://reports.valuates.com/reports/QYRE-Auto-22R1100/global-industrial-robotics

INDUSTRIAL ROBOTICS MARKET SHARE

Between 2018 and 2023, APAC is anticipated to hold the highest geographic share of the industrial robotics market. The cheap cost of production is the primary factor driving the industrial robots market, allowing numerous manufacturers to locate their production facilities in APAC, particularly in nations like China, Korea, and India. Another significant trend that firms have taken is automating plant capacities, which has increased demand for industrial robots in the APAC area.

Download Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-22R1100/Global_Industrial_Robotics

Key Companies:

Download Customized Report: https://reports.valuates.com/request/customisation/QYRE-Auto-22R1100/Global_Industrial_Robotics

Buy Now for Single User + Covid-19 Impact :

https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-22R1100 &lic=single-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

- Wheel Drive Humanoid Robot Industry

- Work Class Underwater Robotics Market

- Robotics Prosthetics market size is projected to reach USD 1247 million by 2028, from USD 754.4 million in 2021, at a CAGR of 7.4% during 2022-2028.

- Cognitive Robotic Process Automation Market

- Consumer Grade Robotics Market

- Food and Beverage Industrial Robotics Market

- Industrial Robotics in Electronic and Electrical Market

- Industrial Robotics System Integration market size is projected to reach USD 33620 million by 2028, from USD 22010 million in 2021, at a CAGR of 6.1% during 2022-2028.

- Pharmaceuticals Industrial Robotics Market

- Automotive Industrial Robotics Market

- Industrial Robotics in Heavy Industries Market

- Industrial Articulated Robotics Market

- Industrial Robotics in Rubber and Plastic Market

- Delivery Robot market size is estimated to be worth USD 20 million in 2022 and is forecast to a readjusted size of USD 50 million by 2028 with a CAGR of 16.5% during the review period.

- Robotics market size was valued at USD 12,153.1 million in 2020, and is expected to reach USD 149,866.4 million by 2030, with a CAGR of 27.7% from 2021 to 2030.

- Surgical Robotics Market

- Cleaning Robots market was valued at USD 2551.4 million in 2022 and is anticipated to reach USD 4119.8 million by 2029, witnessing a CAGR of 7.0% during the forecast period 2023-2029.

- Robot Process Automation (RPA) Market

- Social Robots market size is estimated to be worth USD 572.4 Million in 2022 and is forecast to a readjusted size of USD 1076.5 Million by 2028 with a CAGR of 11.1% during the review period.

- Industrial Management and Maintenance Service Market

- Industrial Controls and Factory Automation market size is projected to reach USD 208150 million by 2027, from USD 128090 million in 2020, at a CAGR of 7.2% during 2021-2027.

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

CONTACT US:
Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
LinkedIn - https://in.linkedin.com/company/valuatesreports
Sitemap: https://reports.valuates.com/sitemap/html/reports/193
https://reports.valuates.com/sitemap/html/reports/194
https://reports.valuates.com/sitemap/html/reports/195