Robotics Industry Market Size Poised for Takeoff in the Coming Years | Taiwan News

Report Ocean (150+ country’s markets analyzed, function on 1,00000+ published and forthcoming reports every year.] presents a research report and top winning strategies for the Robotics Industry Market. Best subject matter experts, researchers, and market research professionals organized this report in order to ensure that the information in it is compiled from the most authentic sources and that the forecast is of the highest accuracy. To forecast market growth, specialists employ a variety of methodologies and analytical approaches, including S.W.O.T. (analysis methods), P.E.S.T.E.L. analysis, and regression analysis. The Robotics Industry study also looks at the various regulations and policies that the firm has implemented. This report discusses the industry in terms of research technology and precise prospective utilization, innovation, and future advancements in the Robotics Industry Market. [Download Free Sample]

The global robotics industry market was US$ 45.1 billion in 2021. The global robotics industry market is forecast to grow to US$ 122.05 billion by 2030 by growing at a compound annual growth rate (CAGR) of 11.5% during the forecast period from 2022 to 2030. 

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The success of the global market is poised to drive innovative corporate objectives and competitive advantages. The report offers a panoramic view of the business environment, product specifications, and applications, offering valuable insights into the field. Furthermore, it scrutinizes the contributions of each region and market participant to the industry, shedding light on import/export statistics, consumer demand, manufacturing capacity, and pricing dynamics.

In a notable development, many prominent Robotics Industry corporations appear to be inadvertently hastening their own decline by pursuing consolidation strategies aimed at enhancing profitability and reducing costs. The Robotics Industry industry seems to have shifted its focus away from pioneering new concepts and products. Instead, it has embraced incremental innovation within its existing product portfolios, with most innovation efforts aimed at sustaining or marginally expanding current business operations. Furthermore, the industry is exploring alternative feedstock and power sources such as Biogas, hydrogen, and electric heating, potentially replacing natural gas.

Regional Analysis

The Asia-Pacific robotics industry market is forecast to grow at the highest growth rate. It is due to the growing industrialization in China and favorable initiatives like “Made in China 2025.” China is forecast to be one of the largest contributors to the robotics industry market. Furthermore, the country is focusing on upgrading its labor-intensive manufacturing sector by increasing automation. Furthermore, the governments of Guangdong province and Zhejiang province also announced subsidies to local manufacturers. Thus, it will increase the demand for robots. As a result, it will ramp up the growth of the global robotics industry market. Furthermore, industrialization in other countries like India is also growing at a significant pace. As a result, it will upsurge the demand for robotics, thereby propelling the robotics industry market forward.

Factors Influencing the Market

The demand for robotics is expanding exponentially. Be it hospitality, healthcare, automotive, or manufacturing, almost every industry is adopting automated solutions in order to cater to the growing demands of the public. Thus, it will fuel the growth of the global robotics industry market.

The rising trend of digital factory technologies will contribute to the growth of the global robotics industry market. Furthermore, the shortage of an efficient workforce will drive the robotics industry market forward.

Growing automation across all industrial verticals will also benefit the global robotics industry market. Furthermore, favorable policies by government bodies to boost industrialization will escalate the robotics industry market growth.

On the contrary, privacy concerns associated with the use of robotics may limit the growth of the robotics industry market during the forecast period.

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Competitors in the Market

• ABB
• Kawasaki Heavy Industries
• Denso Corporation
• NACHI-FUJIKOSHI
• Seiko Epson
• DÜrr
• Universal Robots
• Stäubli
• Comau
• B+M SURFACE SYSTEMS
• ICR Services
• IRS Robotics
• Hyundai Robotics
• Siasun Robotics
• RobotWorx
• Techman Robot
• Rethink Robotics
• FrankaEmika
• F&P Robotics
• Bosch Rexroth
• Other Prominent Players

As of the conclusion of 2022, the Robotics Industry industry experienced growth in its workforce. In January, employment levels in the sector surpassed pre-COVID levels, with payrolls expanding by more than 15,000 people throughout 2022. The global Robotics Industry output registered a 5.2% increase in 2021, driven by the global economic upswing and surging demand for commodities. However, in 2022, global industrial production declined following the 2021 boom, influenced by changes in consumer spending patterns and substantial fiscal stimulus measures.

The outlook for global Robotics Industry output in 2023 indicates a projected growth rate of 2.9%. This growth is expected as production in Western Europe gradually regains momentum from its recent lows, and the Asia/Pacific region’s production recovers. Notably, China maintains its position as the world’s largest producer and consumer of Robotics Industry products, accounting for nearly 45% of the global market. Since 2010, China’s market share has experienced consistent year-over-year growth, significantly contributing to the nation’s GDP. China also leads in exports of various products within the industry, including silicon, PVC, and specific Robotics Industry market segments.

Market Segmentation

The global robotics industry market segmentation focuses on Type, End-User, and Region.

By Type Outlook 

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By End User Outlook 

• Automotive
• Food and Beverage
• Electronics
• Logistics
• Military and Defense
• Medical and Healthcare
• Others

By Regional Outlook

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America

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The report is structured as follows:

Chapter 1: Provides an overview of the global Robotics Industry industry.

Chapter 3: Explores market dynamics.

Chapter 4: Profiles top industry companies.

Chapter 5: Analyzes global market competition among players.

Chapter 6: Examines the market’s size across regions.

Chapter 7: Focuses on market segments by application.

Chapter 8: Dives into industry segments by type.

Chapter 9: Covers the market chain, sourcing strategies, and downstream buyers.

Chapter 10: Discusses strategies and key policies of distributors, suppliers, and traders.

Chapter 11: Analyzes key marketing strategies employed by market vendors.

Chapter 12: Examines factors affecting market dynamics.

Chapter 13: Forecasts the global Robotics Industry market size for 2023-2031 and beyond.

The report aims to answer key questions in market research and analysis, such as:

What is the current market size, both in terms of value and volume?

What has been the historical growth rate, and what are the projected future growth rates?

Who are the major players, and what is their market share?

What are the prevailing market trends and dynamics?

What are the primary drivers of market growth?

What challenges and barriers do market participants face?

What emerging opportunities exist within the market?

How does the competitive landscape look?

What are consumer preferences, behaviors, and purchasing patterns?

How are different market segments performing?

What pricing trends and strategies are observed?

What are the distribution channels and their effectiveness?

Are there any regulatory and legal factors impacting the market?

The report provides a comprehensive and in-depth analysis of the global Robotics Industry market, equipping stakeholders with valuable insights to make informed decisions in this dynamic industry.

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