Industrial Robots Market Expected to Reach 31.13 Billion by 2028 | Russia’s invasion of Ukraine has an effect on the industrial robot industry

Industrial Robots Market Size, Share, and Impact Analysis, by robot type (articulated, SCARA, cylindrical, Cartesian/linear, parallel, and others), by application (pick and place, welding and brazing, material handling, assembly, cutting and processing and others), by industry (automotive, electrical and electronics, healthcare and pharmaceutical, food and beverages, rubber and plastic, metals and machinery and others) and regional forecast, 2021-2028

Global “Industrial Robots Market Trends” is projected to grow with an impressive CAGR and drive the highest revenue by 2028. Fortune Business Insights™ in its latest report has released this information. The report is titled “Industrial Robots Market Size, Share and Forecast”. The report discusses the research objectives, research scope, methodology, time frame and challenges during the entire forecast period.

The report assesses important market characteristics based on current industry scenarios, market demands, and business strategies. Further, the research report separates the industry based on Industrial Robots market share, types, applications, growth factors, key players, and regions.

Industry key development:

November 2019:OMRON Corporation, a Japanese electronics company based in Kyoto, Japan, has launched mobile robots capable of moving a payload capacity of 250 kg. The company has expanded its existing series of mobile robots with the new state-of-the-art robot.

Implication of the Russia–Ukraine War

The Russian-Ukrainian war could forever change the dynamics of the industrial robot market in Europe. The standoff rekindled the Cold War predicament and pushed Europe to the brink of a major military conflict. Russian aggression in Ukraine has redefined the global business landscape. As the global industrial robot market recovered from the devastation wrought by the COVID-19 pandemic, the Russian-Ukrainian war left many industry players skeptical.

There is virtually no sector that the war has spared, particularly worsening the business landscape of sectors ranging from aerospace to oil and gas. Amid the current challenges, stakeholders are striving to turn adversities into opportunities. However, the surge in military aid to Ukraine could give stakeholders momentum. Meanwhile, it should be noted that the corresponding penalty could increase operating costs and disrupt industries.

Companies operating in the industrial robots market

  • ABB (Switzerland)
  • Mitsubishi Electric Corporation (Japan)
  • ComauSpA (Italy)
  • KUKA AG (Germany)
  • DENSO COMPANY. (Japan)
  • Kawasaki Heavy Industries, Ltd. (Japan)
  • Omron Corporation (Japan)

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Increasing Demand for Consumer Goods to Intensify Asia-Pacific Market

The Asia-Pacific region market stood at USD 7.24 billion in 2020. The region’s growth is attributed to increasing automation in developing countries such as Japan, China, and India. Growing disposable income of people coupled with growing population will contribute positively to the growth of the market in the region. Moreover, high production and consumption of consumer goods will drive the demand for industrial robots. Growing demand for customized machines in the automotive industry may further increase the market share of industrial robots in the Asia-Pacific region. Europe is expected to hold a considerable share of the market. The need for innovative robots in the automotive industry will drive the region’s growth.

Research methodology :

We follow a robust research methodology that involves triangulation of data based on top-down and bottom-up approaches and validation of estimated market figures through primary research. The information used to estimate the market size and forecast for various segments at global, regional and country level is derived from the most credible published sources and interviews with the right stakeholders.

The growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

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Table of Contents Key Points:
1. Introduction
1.1. Search scope
1.2. Market segmentation
1.3. Research Methodology
1.4. Definitions and assumptions
2. Executive Summary
3. Market dynamics
3.1. Market factors
3.2. Market constraints
3.3. Market opportunities
4. Key information
4.1 Global Statistics — Key Countries
4.2 New Product Launches
4.3 Pipeline Analysis
4.4 Regulatory scenario — Key countries
4.5 Recent industry developments — Partnerships, mergers and acquisitions
5. Global IoT in Elevator Market Analysis, Outlook and Forecast
5.1. Main results/summary
5.2. Market Analysis — By Product Type
5.3. Market Analysis — By Distribution Channel
5.4. Market Analysis — By Countries/Sub-Regions
11. Competitive Analysis
11.1. Key Industry Developments
11.2. Global Market Share Analysis
11.3. Contest Dashboard
11.4. Benchmarking — Key Players
12. Company Profiles
12.1 Overview
12.2 Products and Services
12.3 SWOT Analysis
12.4 Recent Developments
12.5 Main investments
12.6 Regional Market Size and Demand
13. Strategic Recommendations
TOC Continued……………….

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