A resurgent food and beverage industry is key to the industrial robot market

Industrial robots market1

Incentives for Industrial Automation by Governments in Emerging Economies Drive Industrial Robot Market: IMF Study

JUMEIRAH LAKES TOWERS, DUBAI, UNITED ARAB EMIRATES, Jan. 6, 2022 /EINPresswire.com/ — The industrial robot market is expected to show an exponential growth rate for the duration of the forecast period between 2021 and 2031. The demand for industrial robots robots was largely driven by the transition from manual industrial activities to automated solutions. Reduced costs associated with hiring labor and improving predictive maintenance tools and artificial intelligence are expected to drive the adoption of industrial robots in the near future.

“The high costs associated with manual labor, including benefits, health and safety compensation, and increased annual salaries, are key factors supporting the adoption of automation. Due to health and safety requirements, human workers cannot operate in adverse environments and performance is often affected for repetitive tasks. These are key factors driving the adoption of industrial robotic alternatives for the foreseeable future,” the IMF study states.

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Industrial Robots Market – Major Takeaways

The adoption of industrial robots for food and beverage industry applications will reflect a higher growth rate due to evolving safety and hygiene standards.

Articulated robot product offerings remain popular due to superior accuracy and consistency of operations.

China, Japan and South Korea will become key regional markets, due to the presence of large production facilities.

S. will show strong growth thanks to increasingly stringent worker safety regulations.

Industrial Robots Market – Growth Factors

Rising manual labor costs and stringent regulations associated with workplace operations are supporting the adoption of robotic alternatives.

Government incentives for the adoption of industrial automation solutions in emerging economies are driving growth.

The increasing number of SMEs worldwide and the adoption of automated solutions will support the growth of the sector.

Industrial Robots Market – Constraints

The high initial investment costs associated with acquiring industrial robots are a key factor hindering adoption.

The additional costs linked to the over-automation of industrial installations constitute a major challenge for market players.

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Expected impact on the market by the coronavirus epidemic

The coronavirus pandemic has generated significant growth opportunities for industrial robot manufacturers. Lockdown restrictions on human activities across multiple industries, including electronics, packaging and automotive, have hurt industrial and commercial activity.

Additionally, increased e-commerce spending during the pandemic has also supported the adoption of industrial robotics solutions. The trend is expected to continue even after the epidemic is over. Additionally, the adoption of work-from-home operations has also supported robotic operations, minimizing losses, which will contribute to faster growth through 2021 and beyond.

Competition landscape

Some of the major manufacturers participating in the industrial robot market are ABB Limited, Denso Corporation, Fanuc Corporation, Kawasaki Heavy Industries, KUKA AG, Brenton LLC, YASKAWA Electric Corporation, Mitsubishi Electric Corporation, and Krones AG, among others.

Major manufacturers in the industrial robot market are increasingly investing in product development and launch strategies, in addition to industry collaborations, mergers, and acquisitions to achieve market consolidation goals.

In March 2021, Stäubli unveiled its TS2 SCARA type industrial robot, which is a major evolution of the 4-axis series, enabling ultra-short cycle times with hygienic compatibility standards for applications in sensitive environments. IAM Robotics has launched its new Bolt line of fully mobile industrial robots, which have been designed with a modular interface for operations customized to workplace requirements. Additionally, ST Robotics has introduced the STR18 Delta robotic system as part of its efforts to expand its portfolio of low-cost offerings.

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Industrial Robots Market by Category

type of product

Articulated robots
SCARA robots
Parallel robots
Cartesian robots
Cylindrical robots
Others

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa (MEA)

End use

Automotive
Electrical and Electronic
Metals and machinery
Chemicals, plastics and rubber
Food and drinks
Health care
Construction
Others

Apps

Material handling
Welding and brazing
Assembly and disassembly
Painting and distribution
Others
Technology

Automatique
Semi-automatic
Manual
Learn more about the report

FMI provides in-depth insights into the industrial robot market. The market is segmented in terms of product type (articulated robots, SCARA robots, parallel robots, Cartesian robots, cylindrical robots and others), end use (automotive, electrical and electronics, metals and machinery, chemicals, plastics and rubber , food and beverage, healthcare, construction and others), applications (handling, welding and brazing, assembly and disassembly, paint and distribution, and others) and technologies (automatic, semi-automatic and manual) in seven regions (North America North, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa).

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