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2024 to 2030 Market Insights: The Rise of Food Robotics Across the Globe
The global food robotics market size is expected to reach USD 6.81 billion by 2030, registering a CAGR of 20.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing demand for packaged food, need for automation, increasing food safety regulations, and high labor costs are expected to drive the market.
The industry has witnessed increasing investments in R&D activities, since the past few years, for the development of technologically-advanced robotics and automated systems. The increasing labor costs are driving the packaged food producers toward the adoption of automation systems. The application segments of the market include palletizing, packaging, repackaging, picking, and processing.
The packaging segment is presumed to hold the highest growth rate over the forecast years. The market is witnessing increasing use of packaging automation solutions in food industries. The advantages bestowed by the technology include higher efficiency in food production and processing, increased production efficiency, and consistent quality of products.
The key market participants IN the food robotics market are ABB Group,Kawasaki Heavy Industries Ltd., Fanuc Corporation, Yaskawa Electric Corporation, and others. The vendors in the robotics and automation market are likely to witness increased demand for robotics solutions over the forecast years, owing to the increasing technological advancements.
Food Robotics Market Report Highlights
Articulated robots dominated the market and accounted for a market revenue share of 41.9% in 2023. The growth is attributed to the articulated robot's structure and design, which mimics a human arm's movements.
The medium payload segment accounted for the largest revenue share in 2023. Medium payload capability robots address applications such as selecting, repackaging, packing, and transferring.
The palletizing segment dominated the global industry in 2023. Robots are commonly used for packaging or stacking the food onto pallets for warehousing or transportation.
Europe's food robotics market dominated the global industry and accounted for a revenue share of 30.6% in 2023. It is attributed to the regulations concerning food safety, the rising labor costs in the region, and the growing inclination towards the automation of multiple processes in the food industry.
The Asia Pacific food robotics market is anticipated to witness the fastest growth during the forecast period. The rising disposable income of customers in emerging economies is driving the demand for packaged and processed food, which in turn is fueling the need for automation technologies to improve food production capacities.
Food Robotics Market Segmentation
Grand View Research has segmented global food robotics market report based on robot, payload, application, and region:
Food Robotics Robot Outlook (Revenue, USD Billion, 2018 - 2030)
Articulated
Parallel
SCARA
Cylindrical
Others
Food Robotics Payload Outlook (Revenue, USD Billion, 2018 - 2030)
Low
Medium
Heavy
Food Robotics Application Outlook (Revenue, USD Billion, 2018 - 2030)
Packaging
Repackaging
Palletizing
Picking
Processing
Others
Food Robotics Regional Outlook (Revenue, USD Billion, 2018 - 2030)
North America
US
Canada
Mexico
Europe
Germany
UK
France
Asia Pacific
China
Japan
India
South Korea
Australia
Latin America
Brazil
Middle East and Africa (MEA)
South Arabia
UAE
South Africa
Order a free sample PDF of the Food Robotics Market Intelligence Study, published by Grand View Research.
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Industrial Robot Precision Reduction Gears Market Growth: Industry Analysis and Forecast 2031 | Market Strides
Industrial Robot Precision Reduction Gears Market Research Report
Market Strides has recently added a new report to its vast depository titled Global Industrial Robot Precision Reduction Gears Market. The report studies vital factors about the Global Industrial Robot Precision Reduction Gears Market that are essential to be understood by existing as well as new market players. The report highlights the essential elements such as market share, profitability, production, sales, manufacturing, advertising, technological advancements, key market players, regional segmentation, and many more crucial aspects related to the Industrial Robot Precision Reduction Gears Market.
Market Overview
Industrial Robot Precision Reduction Gears Market overview provides a snapshot of the current state of a specific market, highlighting key trends, growth drivers, challenges, and opportunities. It typically includes an analysis of the market size, competitive landscape, consumer demand, and regulatory factors. Additionally, the overview may touch on emerging technologies or innovations impacting the market, as well as projections for future growth. This concise summary helps businesses and investors understand the market dynamics and identify areas for strategic planning or investment.
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Industrial Robot Precision Reduction Gears Market Share by Key Players
Nabtesco
Sumitomo Heavy Industries
SPINEA
Nantong Zhenkang
Wuhan Jinghua
Shuanghuan Chuandong
Zhongda Lide
Qinchuan Jichuang
HDSI
Leaderdrive
Beijing CTKM Harmonic Drive
BHDI
Zhejiang Laifual
Nidec-Shimpo
BENRUN Robot
Cone Drive
Industrial Robot Precision Reduction Gears Market Segmentation
The report on Global Industrial Robot Precision Reduction Gears Market provides detailed toc by type, applications, and regions. Each segment provides information about the production and manufacturing during the forecast period of 2024-2032. The application segment highlights the applications and operational processes of the industry. Understanding these segments will help identify the importance of the various factors aiding to the market growth.
The report is segmented as follows:
By Type
RV Precision Reduction Gears
Harmonic Precision Reduction Gears
By Application
Articulated Robots
Parallel Robots
SCARA Robots
Cylindrical Robots
Cartesian Robots
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Industrial Robot Precision Reduction Gears Market Frequently Asked Question
1) What are Industrial Robot Precision Reduction Gears Market and why are they important?
2) What is the future outlook for the Industrial Robot Precision Reduction Gears Market?
3) What are the Segments Covered in the Market?
4) Who are the prominent key players in the Market?
Key Highlights
It provides valuable insights into the Industrial Robot Precision Reduction Gears Market.
Provides information for the years 2024-2032. Important factors related to the market are mentioned.
Technological advancements, government regulations, and recent developments are highlighted.
This report will study advertising and marketing strategies, market trends, and analysis.
Growth analysis and predictions until the year 2032.
Statistical analysis of the key players in the market is highlighted.
Extensively researched market overview.
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Email : [email protected]
#Industrial Robot Precision Reduction Gears Market Size#Industrial Robot Precision Reduction Gears Market Share#Industrial Robot Precision Reduction Gears Market Growth#Industrial Robot Precision Reduction Gears Market Trends#Industrial Robot Precision Reduction Gears Market Players
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Robotic Arm Market 2024 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2033
The Robotic Arm Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Robotic Arm Global Market Report 2024, The robotic arm market size is expected to see rapid growth in the next few years. It will grow to $69.16 billion in 2028 at a compound annual growth rate (CAGR) of 17.0%. The growth in the forecast period can be attributed to robotic arms used in manufacturing, enhanced efficiency, precision, and speed in production processes, increasing productivity and cost-effectiveness, automation in various sectors, including automotive, and growth in e-commerce. Major trends in the forecast period include the growing complexity of manufacturing processes, technological advancements in robotics, advanced technological infrastructure, advancement of robotic arms in healthcare, and increasing technological integration.
The expansion of the e-commerce industry is expected to propel the growth of the robotic arm market going forward. The e-commerce industry refers to the buying and selling goods and services over the internet. It has transformed how businesses and consumers interact, offering convenience, accessibility, and a global reach. The growth of e-commerce is driven by the widespread use of smartphones, internet access, and a broad selection of online products. Robotic arms are crucial in optimizing supply chain and logistics operations within the e-commerce industry, enabling businesses to manage inventory more efficiently, reduce operational costs, and enhance overall productivity. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, in 2023, e-commerce sales were projected to reach $1,118.7 billion, marking a 7.6% (±1.2%) increase from 2022, while total retail sales saw a 2.1% (±0.4%) rise over the same period. In 2023, e-commerce sales constituted 15.4% of total sales, compared to 14.7% in 2022. Therefore, the expansion of the e-commerce industry is driving growth in the robotic arm market.
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The robotic arm market covered in this report is segmented –
1) By Type: Articulated, Cartesian, Selective Compliance Articulated Robot Arm (SCARA), Spherical Or Polar, Cylindrical, Other Types 2) By Payload Capacity: Less Than 500 Kilogram (KG), 500-3000 Kilogram (KG), 3001 Kilogram (KG) And Above 3) By Axis: 1-Axis, 2-Axis, 3-Axis, 4-Axis, 5-Axis, 6-Axis, 7-Axis 4) By Application: Materials Handling, Cutting And Processing, Soldering And Welding, Assembling And Disassembling, Other Applications 5) By End-User Industry: Automotive, Electrical And Electronics, Metals And Machinery, Plastics And Chemicals, Food And Beverages, Other End-User Industries
Major companies operating in the robotic arm market are focusing on developing innovative products such as collaborative robots (cobots) to gain a competitive advantage. Cobots are designed to work alongside human operators, enhancing productivity and efficiency in various industrial settings. For instance, in 2021, Universal Robots, a Denmark-based industrial automation company, launched the UR20 cobot, featuring a 20kg payload capacity and a reach of 1.75m. The UR20 boasts advanced safety features, including force-sensing technology and intuitive programming, making it suitable for various applications, from material handling to machine tending. The UR20 is designed to provide up to 30% more speed and torque, advanced motion control capabilities, and a first-class user experience. Its 20kg payload and 1.75m reach make it an ideal match for applications ranging from palletizing to part handling and assembly.
The robotic arm market report table of contents includes:
1. Executive Summary
2. Robotic Arm Market Characteristics
3. Robotic Arm Market Trends And Strategies
4. Robotic Arm Market - Macro Economic Scenario
5. Global Robotic Arm Market Size and Growth ..............
32. Global Robotic Arm Market Competitive Benchmarking
33. Global Robotic Arm Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Robotic Arm Market
35. Robotic Arm Market Future Outlook and Potential Analysis
36. Appendix
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Food Robotics Market – In Depth Insight Analysis to 2033 | Global Insight Services
Global Insight Services has recently updated its global market reports, now including the latest data for 2024 and projections through 2033.
The global food robotics market was valued at USD 2047.3 million in 2022 and it is anticipated to grow further till USD 7505.1 million by 2032, at a CAGR of 13.9% during the forecast period.
Food robots do intricate production tasks such as dispensing, inserting feed, packaging and casing, picking and placing goods into containers, sorting raw materials, and labelling packages. They support the high-speed, repetitive, and laborious industrial processes needed in harsh environments like hot temperatures. Additionally, they reduce production costs, save time and space, and enhance the cleanliness, safety, and effectiveness of manufacturing processes. Leading companies in the global food and beverage (F&B) business are automating the manufacturing of food using food robots technology in order to mass-produce goods with excellent yields and precision.
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Market Driver and Trends
Food robots do intricate production tasks such dispensing, inserting feed, packaging and casing, picking and placing goods into containers, sorting raw materials, and labelling packages. They support the high-speed, repetitive, and laborious industrial processes needed in harsh environments like hot temperatures. Additionally, they reduce production costs, save time and space, and enhance the cleanliness, safety, and effectiveness of manufacturing processes. Leading companies in the global food and beverage (F&B) business are automating the manufacturing of food using food robots technology in order to mass-produce goods with excellent yields and precision.
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Research Objectives
Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
Identify factors influencing market growth and challenges, opportunities, drivers and restraints
Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Global Food Robotics Market Segmentation
By Type
Articulated
Cartesian
SCARA
Parallel
Cylindrical
Collaborative
Others
By Payload
Low
Medium
High
By Application
Palletizing
Packaging
Repackaging
Pick & Place
Processing
Others
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Research Scope
Scope – Highlights, Trends, Insights. Attractiveness, Forecast
Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
With Global Insight Services, you receive:
10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Infographic excel data pack, easy to analyze big data
Robust and transparent research methodology
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Warehouse Robotics Market - Forecast(2024 - 2030)
Warehouse Robotics Market Overvie
The Global Warehouse Robotics Market size is projected to reach US$6.2 billion by 2030, growing at a CAGR of 12% from 2024 to 2030. The Warehouse Robotics Market encompasses the automation sector dedicated to developing, deploying, and utilizing robotic systems within warehouse and distribution center settings. These robots undertake tasks like picking, sorting, packing, and transportation, aiming to boost operational efficiency, enhance order accuracy, ensure safety, and minimize labor costs. A pivotal trend influencing this market is the integration of cutting-edge technologies like Artificial Intelligence (AI), machine learning, and the Industrial Internet of Things (IIoT). These advancements empower robots to operate autonomously, make real-time decisions, and communicate seamlessly with other warehouse systems, driving higher productivity, accuracy, and adaptability. E-commerce's surge significantly propels the warehouse robotics market forward. With online shopping's exponential growth, retailers and logistics firms face mounting pressure to swiftly and accurately fulfill orders. Warehouse robots offer a scalable solution to manage these demands, enabling companies to optimize order fulfillment processes and navigate peak periods efficiently. Moreover, there's a mounting emphasis on warehouse digitalization and inventory management, spurred by the quest for enhanced visibility and control over inventory levels. Robotics technologies such as automated storage and retrieval systems (AS/RS) and sortation robots play a pivotal role in optimizing warehouse space usage and inventory tracking. The factors such as the proliferation of advanced technologies, the expansion of e-commerce, and the increasing focus on operational efficiency and safety are expected to drive market expansion in the foreseeable future.
Report Coverage
The report: “Warehouse Robotics Industry Outlook – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Warehouse Robotics industry.
By Product Type: Autonomous Mobile Robot (AMR), Articulated Robots, Cylindrical Robots, SCARA Robots, Collaborative Robots, Parallel Robots, Cartesian Robots and Others.
By Payload Capacity: less than 20Kg, 20-100Kg, 100-300Kg and greater than 300Kg.
By System Type: Knapp Open Shuttle, Locus Robotics System, Fetch Robotics Freight, Scallog System and Swisslog Carrypick.
By Components: Programmable Logic Controller, Microprocessors and Microcontrollers, Actuators, Sensors and RF Module.
By Software: Warehouse management system, Warehouse execution system, Warehouse control system and Others.
By Function: Pick & Place, Assembling & Dissembling, Transportation, Sorting & Packaging and Others.
By End-use Industry: E-commerce, Automotive, Consumer Electronics, Food & Beverages, Healthcare, Metal & Machinery, Textile, Chemical and Others.
By Geography: North America (the US, Canada and Mexico), South America (Brazil, Argentina and Others), Europe (the UK, Germany, France, Italy, Spain and Others), APAC (China, Japan, South Korea, India, Australia and Others) and RoW (the Middle East and Africa).
Key Takeaways
• In the Warehouse Robotics market report, the autonomous mobile robots’ segment is analyzed to grow at a significant CAGR of 14.9% due to its high accuracy, increased efficiency and widespread applications across industry verticals.
• The E-commerce industry is expected to grow at the highest rate with a CAGR of 15.2% owing to factors such as rising demand for distribution center automation, fulfillment automation, growing demand for order accuracy and rising competition among the companies.
• North America held the largest market share of 34% in 2023 in the global Warehouse Robotics Market, owing to factors such as rapid R&D investments towards robotics and increasing adoption of robots for process automation.
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Warehouse Robotics Market - Forecast(2024 - 2030)
The Global Warehouse Robotics Market size is projected to reach US$6.2 billion by 2030, growing at a CAGR of 12% from 2024 to 2030. The Warehouse Robotics Market encompasses the automation sector dedicated to developing, deploying, and utilizing robotic systems within warehouse and distribution center settings.
👉 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://tinyurl.com/ycxsd27c
Report Coverage
The report: “Warehouse Robotics Industry Outlook – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Warehouse Robotics industry.
By Product Type: Autonomous Mobile Robot (AMR), Articulated Robots, Cylindrical Robots, SCARA Robots, Collaborative Robots, Parallel Robots, Cartesian Robots and Others.
By Payload Capacity: less than 20Kg, 20-100Kg, 100-300Kg and greater than 300Kg.
By System Type: Knapp Open Shuttle, Locus Robotics System, Fetch Robotics Freight, Scallog System and Swisslog Carrypick.
By Components: Programmable Logic Controller, Microprocessors and Microcontrollers, Actuators, Sensors and RF Module.
By Software: Warehouse management system, Warehouse execution system, Warehouse control system and Others.
By Function: Pick & Place, Assembling & Dissembling, Transportation, Sorting & Packaging and Others.
By End-use Industry: E-commerce, Automotive, Consumer Electronics, Food & Beverages, Healthcare, Metal & Machinery, Textile, Chemical and Others.
By Geography: North America (the US, Canada and Mexico), South America (Brazil, Argentina and Others), Europe (the UK, Germany, France, Italy, Spain and Others), APAC (China, Japan, South Korea, India, Australia and Others) and RoW (the Middle East and Africa).
#Warehouse Robotics Market Share#Warehouse Robotics Market Size#Warehouse Robotics Market Forecast#Warehouse Robotics Market Research#Warehouse Robotics Market Treads#Warehouse Robotics Market Application#Warehouse Robotics Market Growth#Warehouse Robotics Market Price
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#Global food robotics market#Parallel Robots#Delta Robots#Cylindrical Robots#Collaborative Robots#Portal Robots#Food robotics market size#Food robotics market share#Food robotics market demand#Food robotics market trends#Food robotics market Application
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How are Modular Robotics Systems Revolutionizing Factory Operations?
The ballooning utilization of collaborative modular robotics systems is one of the biggest factors responsible for the expansion of the global modular robotics market. Cobots, as they are popularly called, are revolutionizing robot and human relationships in the logistics and manufacturing industries. These systems allow operators to directly provide parts and components to robots for performing the rest of the operation, which leads to reduced requirement for floor space, lower costs, and shorter process time.
Additionally, the highly versatile nature of these systems allows them to perform various tasks and operations with the help of several suitable end-effectors. In the logistics industry, cobots are used for inspecting fragile goods and transporting loads and machine parts. Because of these reasons, the sales of collaborative modular robotics systems are rising rapidly across the world. Besides this, the growing requirement for automation in the manufacturing industry is also fueling the demand for these robots around the world.
Due to the aforementioned factors, the modular robotics market is growing rapidly all over the world. The valuation of the market is predicted to rise from $5.6 billion to $15.1 billion from 2019 to 2030. Furthermore, the market is expected to progress at a CAGR of 9.9% between 2020 and 2030. Depending on robot type, the market is categorized into cartesian modular robots, articulated modular robotics systems, SCARA modular robotics systems, parallel modular robots, and collaborative modular robots.
Out of these, the articulated modular robotics systems category recorded the highest growth in the market in the past years and this trend is likely to continue in the coming years as well. This would be due to the large-scale usage of these robots for handling and managing heavy automotive components and parts in the automotive industry. In addition to this, these robots are extensively used for handling heavy metal parts and sheets in the metal and machinery industry.
The growing sales of these robots are boosting the demand for services, software, and hardware. Out of these, the demand for hardware will be the highest in the future, as per the forecast of the market research company, P&S Intelligence. Sensors, manipulators, driver modules, and controllers are the most commonly used types of hardware. Amongst these, the usage of controllers is currently the highest, because of the utilization of robot controllers in various industrial robots for accomplishing point-to-point repetitive tasks.
Geographically, the modular robotics market registered the highest growth in the Asia-Pacific (APAC) region in the years gone by. This was because of the huge investments that were made in automation in electricals, electronics, and automotive industries, particularly in countries such as India, China, and South Korea. In addition to this, the high usage of collaborative modular robotics systems by various manufacturers further propelled the advancement of the market in the region in the past.
Hence, it can be said with full surety that the sales of modular robotics systems would shoot-up all over the world in the forthcoming years, mainly because of the rising requirement for automation in various industries such as automotive, logistics, electricals, and electronics and also, in the manufacturing sector.
Source: P&S Intelligence
#Modular Robotics Market Share#Modular Robotics Market Size#Modular Robotics Market Growth#Modular Robotics Market Applications#Modular Robotics Market Trends
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New Research Report On Industrial Robotics Market is Going to Boom by Size, Share, Scope and Forecast-2030
Industrial Robotics Market is going to reach USD 59.93 billion by 2030 and grow at a CAGR of 11.3% over the forecast period 2023-2030.
The most recent Industrial Robotics study evaluates global and regional market estimates and forecasts for all research segments. This study examines market trends, leading companies, supply chain trends, technological advances, key breakthroughs, and future strategies. Market figures were compiled using a combination of primary and secondary sources. Sales revenue from all of the study's specified segments and sub-segments are used to calculate market size. The market sizing analysis employs both top-down and bottom-up approaches for data validation and accuracy checks.
The study uses historical market data to estimate revenue. Other aspects of the industry, such as the supply chain, downstream buyers, and sourcing strategy, have been investigated in order to provide a complete and in-depth picture of the market. Customers who purchase the Industrial Roboticsmarket report will also be subjected to a market positioning analysis, which will take into account factors like target consumer, brand strategy, and pricing strategy. In addition, the study report computes current and prior market values in order to forecast possible market management over the forecast period.
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Market Segmentation
The Industrial Robotics market segment analysis will assist in determining how each segment will affect market growth in the coming years. In order to determine the market's true potential, the research report also examines all market classifications and sub-segments. In today's global economy, the dynamic nature of the corporate environment is increasing demand for business experts who can keep up with current market conditions.
By Application
Palletizing
Assembling
Welding
Material Handling
Painting
By Types
6-Axis Robots
SCARA
Cartesian
Articulated
Redundant
Delta
Dual-Arm and Parallel
By End-user
Entertainment
Electronics
Automotive
Rubber & Plastic
Food & Beverage
Pharmaceuticals
By Component
Robotic Arms
End Effectors
Drive Units
Robot Accessories
Controllers
Vision Systems
Sensors
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Major Questions Answered in the Report
What are the key trends influencing the Industrial Robotics market's growth?
What are the primary strategies used by leading organizations to control a sizable portion of the global market?
How has the rapidly changing business environment of the market influenced growth?
What are the primary macroeconomic factors driving market growth?
Competitive Outlook
For each of the market's top competitors, the research includes current business profiles, gross margins, selling price, sales income, sales volume, product specs with images, and contact information. In the report's conclusion, a descriptive section highlights the feasibility of new projects that may succeed in the global market in the near future, as well as the overall scope of the global market in terms of investment feasibility in various segments of the Industrial Robotics market.
Top Keyplayers:
ABB, DÜrr, FANUC, YASKAWA, KUKA, Denso Corporation, Mitsubishi Electric, Kawasaki Heavy Industries, Universal Robots A/S, NACHI-FUJIKOSHI, Panasonic Corporation, Rockwell Automation, Inc., Bosch GmbH, Yaskawa Electric Corporation, Toshiba Corporation, Seiko Epson
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Painting Robot Market by Mounting Type (Floor Mounted, Wall Mounted, Rail Mounted), Robot Type (Articulated, Cartesian, Scara, Collaborative), Function ,Payload, Reach, Paint Applicator, End-user Industry and Region - Global Forecast to 2029
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Warehouse Robotics Market Set For Rapid Growth In The Forecast Period 2020–2030
The global market for warehouse robotics reached a valuation of $4.4 billion, a figure poised to surge to $15.7 billion by 2030, marking a notable Compound Annual Growth Rate (CAGR) of 13.2% from 2020 to 2030.
Warehouse robotics encompass a spectrum of automated systems, including software and bagging machines, designed to expedite packaging operations. Within warehouses, robots fulfill a myriad of functions such as pick-placing, transportation, packaging, and palletizing.
The convergence of warehouse operations with robotics technology not only enhances precision and streamlines automation but also augments storage capacity and operational efficiency. The upward trajectory of the global warehouse robotics market is propelled by escalating demand for automation, fueled by intense competition within the e-commerce sector, proliferation of stock-keeping units, and technological advancements.
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Segmented by robot type, the market features classifications such as SCARA, cylindrical, parallel, mobile, parallel robots, and Cartesian robots. Presently, mobile robots reign supreme in the global market, closely followed by stationary articulated robots. Conversely, SCARA robots are anticipated to witness a decline in market share owing to the burgeoning adoption of autonomous mobile robots. While stationary articulated robots are poised to grow at a rate of 7.5%, mobile robots are projected to expand at a slightly slower pace of 6.5% during the forecast period. Furthermore, the burgeoning e-commerce, food & beverages, pharmaceutical, and automotive industries are expected to catalyze the adoption of these robots in the foreseeable future.
Function-wise segmentation categorizes the market into pick & place, assembling-dissembling, transportation, and packaging, with the pick & place segment commanding the highest revenue, closely trailed by packaging. The pick & place segment is forecasted to exhibit a robust CAGR of 17.3% during the projection period.
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End-user segmentation delineates categories such as e-commerce, automotive, food & beverages, electronics & electrical, metal, pharmaceuticals, and others. Among these, the e-commerce segment holds the lion's share, followed by the automotive industry.
Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA, with North America emerging as the primary adopter of warehouse robotics, closely trailed by Asia-Pacific. Notably, Asia-Pacific is anticipated to register a CAGR of 5.9% during the forecast period. North America is poised to maintain its dominance in the global warehouse robotics market share, attributed to the burgeoning growth witnessed in the e-commerce, food & beverage, metal & machinery, and electronic & electrical industries.
Top Players:
Key players in the warehouse robotics industry include ABB Ltd., Fanuc Corp., Kuka AG, Yaskawa Electric Corp., Amazon Robotics (Amazon.com Inc.), Yamaha Robotics, Fetch Robotics Inc., Locus Robotics, Omron Corporation, Honeywell International Inc., and Siemens AG.
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Industrial Robotics Market: Human-Robot Collaboration in Workplaces
Introduction to Industrial Robotics Market
The Industrial Robotics Market has been experiencing significant growth, driven by advancements in technology and the need for automation across various industries. According to a study by Next Move Strategy Consulting, the global Industrial Robotics Market size is predicted to reach USD 88.55 billion with a CAGR of 12.1% by 2030. This indicates a substantial opportunity for businesses to leverage robotic solutions for improved efficiency and productivity in the workplace.
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Evolution of Industrial Robotics
Industrial robotics has come a long way since its inception. Initially used for basic tasks such as material handling and welding, robots have evolved to perform complex operations with precision and speed. Technological advancements, including improvements in sensors, actuators, and artificial intelligence, have played a crucial role in driving this evolution.
Types of Industrial Robots
There are several types of industrial robots designed to cater to different applications and industries. Collaborative robots, or cobots, are designed to work alongside humans in a shared workspace, enhancing efficiency and safety. Articulated robots offer flexibility and dexterity, making them suitable for tasks requiring a wide range of motion. SCARA (Selective Compliance Articulated Robot Arm) robots excel in high-speed and precision assembly operations, while Cartesian robots are ideal for pick-and-place applications.
Applications of Industrial Robotics
The application of industrial robots spans across various industries, including automotive manufacturing, electronics, healthcare, and food processing. In the automotive industry, robots are extensively used for tasks such as welding, painting, and assembly, enabling mass production with consistent quality. In electronics manufacturing, robots play a crucial role in circuit board assembly and testing, ensuring precision and efficiency.
Benefits of Human-Robot Collaboration
One of the key advantages of human-robot collaboration is improved efficiency and productivity. By automating repetitive tasks, robots allow human workers to focus on more complex and value-added activities, leading to higher output and reduced lead times. Additionally, collaborative robots enhance workplace safety by taking over hazardous or physically demanding tasks, thereby reducing the risk of injuries.
Challenges in Human-Robot Collaboration
Despite the numerous benefits, human-robot collaboration also poses certain challenges. Technical limitations, such as the lack of advanced sensing and perception capabilities, can hinder seamless interaction between humans and robots. Moreover, the integration of robotic systems into existing workflows requires careful planning and workforce adaptation. Ethical considerations, including job displacement and privacy concerns, also need to be addressed.
Market Trends and Innovations
The industrial robotics market is witnessing several trends and innovations aimed at enhancing functionality and usability. Integration of artificial intelligence and machine learning enables robots to learn and adapt to changing environments, improving their efficiency and autonomy. Internet of Things (IoT) connectivity allows for remote monitoring and control of robotic systems, enabling real-time optimization and predictive maintenance. Customization and flexibility are becoming increasingly important as businesses seek tailored robotic solutions to meet their specific needs.
Future Outlook
Looking ahead, the industrial robotics market is poised for continued growth and innovation. With advancements in technology and increasing demand for automation, the adoption of robotic solutions is expected to accelerate across various industries. Emerging technologies such as advanced robotics, 3D printing, and nanotechnology are likely to reshape the landscape of industrial automation, offering new possibilities for efficiency and productivity.
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Conclusion
In conclusion, the industrial robotics market presents significant opportunities for businesses to enhance their operational efficiency and competitiveness. By embracing human-robot collaboration, organizations can streamline their workflows, improve workplace safety, and achieve cost savings. However, addressing the challenges associated with integration and adoption is crucial for realizing the full potential of robotic solutions in the workplace.
FAQs
What industries can benefit from industrial robotics? Industrial robotics find applications across diverse industries including automotive, electronics, healthcare, and food processing.
What are the key advantages of human-robot collaboration? Human-robot collaboration leads to improved efficiency, enhanced workplace safety, and cost-effectiveness.
What challenges does human-robot collaboration face? Technical limitations, workforce adaptation, and ethical considerations are among the challenges in human-robot collaboration.
What are some emerging trends in the industrial robotics market? Emerging trends include the integration of AI and machine learning, IoT connectivity, and customization of robotic solutions.
What is the future outlook for the industrial robotics market? The industrial robotics market is poised for continued growth and innovation, driven by advancements in technology and increasing demand for automation.
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