Robotics Market size to grow by USD 22.26 billion from 2022 to 2027, Market driven by stringent health and safety regulations – Technavio

NEW YORK, Oct. 30, 2023 /PRNewswire/ — The global robotics market size is estimated to increase by USD 22.26 billion from 2022 to 2027. The market’s growth momentum will progress at a CAGR of 7.71% during the forecast period. The robotics market is driven by major factors such as stringent health and safety regulations during the forecast period. The robotics industry adopts safety material handling equipment as a result of the need for personal safety and the reduction of work-related injuries. Industries such as automotive and heavy oil chemicals involve harsh working environments and constant exposure to toxic substances. These processes pose a high risk to human workers and can lead to accidents and conventional handling of materials during processing can lead to permanent product damage and changes in material properties. This can also cause material contamination. Occupational injuries and physical exhaustion of human workers are common on assembly lines and can waste plenty of resources on industry players, which led companies to use robotics to improve employee safety. Discover some key insights on market size, historic period (2017-2021), and forecast (2023-2027) before buying the full report – Request a sample report

Robotics market – Vendor Analysis
Vendor Landscape – The global robotics market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer robotics in the market are ABB Ltd., Clearpath Robotics Inc., Cyberdyne Inc., DENSO Corp., FANUC Corp., GEA Group AG, Honeywell International Inc., Intuitive Surgical Inc., Kawasaki Heavy Industries Ltd., KION GROUP AG, L3Harris Technologies Inc., Lely International NV, MIDEA Group, OMRON Corp., Relay Robotics Inc., SMP Robotics Systems Corp., Teradyne Inc., The Boeing Co., Zebra Technologies Corp., and Irobot Corp. and others.

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Vendor Offerings –

ABB Ltd. – The company offers robotics products such as articulated robots and collaborative robots.Clearpath Robotics Inc. – The company offers robotics products such as Warthog UGV, Husky UGV, Dingo, and Boxer.Cyberdyne Inc. – The company offers robotics products such as the MB-CL02.For details on the vendor and their offerings – Request a sample report

Robotics Market – Segmentation Assessment

Segment Overview

This robotics market report extensively covers market segmentation by application (industrial and services), end-user (manufacturing, healthcare, aerospace and defense, media and entertainment, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

The market share growth of the industrial segment will be significant during the forecast period. This growth is due to its use in various industrial applications such as material handling, assembly and disassembly, welding and brazing, cutting, deburring, grinding, painting, sealing, bonding, and clean room applications. The market players have placed increasing emphasis on improving production efficiency, operational excellence, and competitive advantage in a highly competitive scenario. Companies in the market increasingly turn to robotics to reduce costs and lead times, reduce human interaction to improve safety, and increase production throughout. Hence, such factors improve segment growth during the forecast period.

Geography Overview
The report provides actionable insights and estimates the contribution of all regions to the growth of the global robotics market.

APAC is estimated to account for 49% of the global market growth during the forecast period. Some of the factors for the growth in the region include government initiatives, increasing demand for locally manufactured vehicles, and a strong manufacturing sector. Automakers in countries such as China and India are investing more in manufacturing plant automation solutions to improve productivity and reduce cycle times. This gives them a competitive advantage over other players. Thus, the demand for robots will increase, as manufacturers adopt robotics and automation to address shortcomings from outdated equipment and technology, unstable production, and reliance on manual labor.

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Robotics Market – Market Dynamics

Key Trends – 

The government initiatives in Europe to improve the robotics industry are an emerging robotics market trend.Launched in December 2013, Horizon 2020 is the EU’s largest research and innovation program worth USD 88.68 billion, and the investment was made by European leaders and members of the European Parliament. Robotics is recognized as an important resource to secure an edge in the global market. For instance, European governments help SMEs integrate industrial robots to improve efficiency and create local job opportunities.The production capacity in Europe will receive a positive boost by improving the performance and efficiency of SMEs.Hence, such trends are expected to fuel market growth during the forecast period.

Major challenges –

A shortage of skilled personnel is a major challenge hampering the growth of the robotics market.A primary challenge that could affect the market is the lack of technical know-how in the workforce. Human personnel requires knowledge of how robots work and regular maintenance in order to keep them running smoothly. However, the lack of technical know-how often discourages end-users from using robots, as they see the downtime required for maintenance work as a significant loss. This is a challenge, as end users are reluctant to learn and apply new operational technologies. Additionally, the lack of skilled operators and proper training creates a constant reluctance to undertake large-scale robotic automation, as it requires significant investment in time, training, and budget for successful implementation. Hence, such challenges may impede the market growth during the forecast period.

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What are the key data covered in this Robotics Market report?

CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the robotics market between 2023 and 2027Precise estimation of the size of the robotics market size and its contribution to the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the robotics market across APAC, Europe, North America, Middle East and Africa, and South AmericaA thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of robotics market vendors

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Table of Contents:

1 Executive Summary

1.1 Market overviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by ApplicationExhibit 06: Executive Summary – Chart on Market Segmentation by End-userExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystemExhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definitionExhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (USD million)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (USD million)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global robotics market 2017 – 2021 Exhibit 18: Historic Market Size – Data Table on Global robotics market 2017 – 2021 (USD million)4.2 Application Segment Analysis 2017 – 2021 Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 (USD million)4.3 End-user Segment Analysis 2017 – 2021 Exhibit 20: Historic Market Size – End-user Segment 2017 – 2021 (USD million)4.4 Geography Segment Analysis 2017 – 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (USD million)4.5 Country Segment Analysis 2017 – 2021 Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (USD million)

5 Five Forces Analysis

5.1 Five forces summaryExhibit 23: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalryExhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market conditionExhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segmentsExhibit 30: Chart on Application – Market share 2022-2027 (%)Exhibit 31: Data Table on Application – Market share 2022-2027 (%)6.2 Comparison by Application Exhibit 32: Chart on Comparison by ApplicationExhibit 33: Data Table on Comparison by Application6.3 Industrial – Market size and forecast 2022-2027 Exhibit 34: Chart on Industrial – Market size and forecast 2022-2027 (USD million)Exhibit 35: Data Table on Industrial – Market size and forecast 2022-2027 (USD million)Exhibit 36: Chart on Industrial – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on Industrial – Year-over-year growth 2022-2027 (%)6.4 Services – Market size and forecast 2022-2027 Exhibit 38: Chart on Services – Market size and forecast 2022-2027 (USD million)Exhibit 39: Data Table on Services – Market size and forecast 2022-2027 (USD million)Exhibit 40: Chart on Services – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Services – Year-over-year growth 2022-2027 (%)6.5 Market opportunity by Application Exhibit 42: Market opportunity by Application (USD million)Exhibit 43: Data Table on Market opportunity by Application (USD million)

7 Market Segmentation by End-user

7.1 Market segmentsExhibit 44: Chart on End-user – Market share 2022-2027 (%)Exhibit 45: Data Table on End-user – Market share 2022-2027 (%)7.2 Comparison by End-user Exhibit 46: Chart on Comparison by End-userExhibit 47: Data Table on Comparison by End-user7.3 Manufacturing – Market size and forecast 2022-2027 Exhibit 48: Chart on Manufacturing – Market size and forecast 2022-2027 (USD million)Exhibit 49: Data Table on Manufacturing – Market size and forecast 2022-2027 (USD million)Exhibit 50: Chart on Manufacturing – Year-over-year growth 2022-2027 (%)Exhibit 51: Data Table on Manufacturing – Year-over-year growth 2022-2027 (%)7.4 Healthcare – Market size and forecast 2022-2027 Exhibit 52: Chart on Healthcare – Market size and forecast 2022-2027 (USD million)Exhibit 53: Data Table on Healthcare – Market size and forecast 2022-2027 (USD million)Exhibit 54: Chart on Healthcare – Year-over-year growth 2022-2027 (%)Exhibit 55: Data Table on Healthcare – Year-over-year growth 2022-2027 (%)7.5 Aerospace and defense – Market size and forecast 2022-2027 Exhibit 56: Chart on Aerospace and defense – Market size and forecast 2022-2027 (USD million)Exhibit 57: Data Table on Aerospace and defense – Market size and forecast 2022-2027 (USD million)Exhibit 58: Chart on Aerospace and defense – Year-over-year growth 2022-2027 (%)Exhibit 59: Data Table on Aerospace and defense – Year-over-year growth 2022-2027 (%)7.6 Media and entertainment – Market size and forecast 2022-2027 Exhibit 60: Chart on Media and entertainment – Market size and forecast 2022-2027 (USD million)Exhibit 61: Data Table on Media and entertainment – Market size and forecast 2022-2027 (USD million)Exhibit 62: Chart on Media and entertainment – Year-over-year growth 2022-2027 (%)Exhibit 63: Data Table on Media and entertainment – Year-over-year growth 2022-2027 (%)7.7 Others – Market size and forecast 2022-2027 Exhibit 64: Chart on Others – Market size and forecast 2022-2027 (USD million)Exhibit 65: Data Table on Others – Market size and forecast 2022-2027 (USD million)Exhibit 66: Chart on Others – Year-over-year growth 2022-2027 (%)Exhibit 67: Data Table on Others – Year-over-year growth 2022-2027 (%)7.8 Market opportunity by End-user Exhibit 68: Market opportunity by End-user (USD million)Exhibit 69: Data Table on Market opportunity by End-user (USD million)

8 Customer Landscape

8.1 Customer landscape overview Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation Exhibit 71: Chart on Market share by geography 2022-2027 (%)Exhibit 72: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 73: Chart on Geographic comparisonExhibit 74: Data Table on Geographic comparison9.3 APAC – Market size and forecast 2022-2027 Exhibit 75: Chart on APAC – Market size and forecast 2022-2027 (USD million)Exhibit 76: Data Table on APAC – Market size and forecast 2022-2027 (USD million)Exhibit 77: Chart on APAC – Year-over-year growth 2022-2027 (%)Exhibit 78: Data Table on APAC – Year-over-year growth 2022-2027 (%)9.4 Europe – Market size and forecast 2022-2027 Exhibit 79: Chart on Europe – Market size and forecast 2022-2027 (USD million)Exhibit 80: Data Table on Europe – Market size and forecast 2022-2027 (USD million)Exhibit 81: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 82: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.5 North America – Market size and forecast 2022-2027 Exhibit 83: Chart on North America – Market size and forecast 2022-2027 (USD million)Exhibit 84: Data Table on North America – Market size and forecast 2022-2027 (USD million)Exhibit 85: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 86: Data Table on North America – Year-over-year growth 2022-2027 (%)9.6 Middle East and Africa – Market size and forecast 2022-2027 Exhibit 87: Chart on Middle East and Africa – Market size and forecast 2022-2027 (USD million)Exhibit 88: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (USD million)Exhibit 89: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)Exhibit 90: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)9.7 South America – Market size and forecast 2022-2027 Exhibit 91: Chart on South America – Market size and forecast 2022-2027 (USD million)Exhibit 92: Data Table on South America – Market size and forecast 2022-2027 (USD million)Exhibit 93: Chart on South America – Year-over-year growth 2022-2027 (%)Exhibit 94: Data Table on South America – Year-over-year growth 2022-2027 (%)9.8 China – Market size and forecast 2022-2027 Exhibit 95: Chart on China – Market size and forecast 2022-2027 (USD million)Exhibit 96: Data Table on China – Market size and forecast 2022-2027 (USD million)Exhibit 97: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 98: Data Table on China – Year-over-year growth 2022-2027 (%)9.9 US – Market size and forecast 2022-2027 Exhibit 99: Chart on US – Market size and forecast 2022-2027 (USD million)Exhibit 100: Data Table on US – Market size and forecast 2022-2027 (USD million)Exhibit 101: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 102: Data Table on US – Year-over-year growth 2022-2027 (%)9.10 Japan – Market size and forecast 2022-2027 Exhibit 103: Chart on Japan – Market size and forecast 2022-2027 (USD million)Exhibit 104: Data Table on Japan – Market size and forecast 2022-2027 (USD million)Exhibit 105: Chart on Japan – Year-over-year growth 2022-2027 (%)Exhibit 106: Data Table on Japan – Year-over-year growth 2022-2027 (%)9.11 Germany – Market size and forecast 2022-2027 Exhibit 107: Chart on Germany – Market size and forecast 2022-2027 (USD million)Exhibit 108: Data Table on Germany – Market size and forecast 2022-2027 (USD million)Exhibit 109: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 110: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.12 South Korea – Market size and forecast 2022-2027 Exhibit 111: Chart on South Korea – Market size and forecast 2022-2027 (USD million)Exhibit 112: Data Table on South Korea – Market size and forecast 2022-2027 (USD million)Exhibit 113: Chart on South Korea – Year-over-year growth 2022-2027 (%)Exhibit 114: Data Table on South Korea – Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 115: Market opportunity by geography (USD million)Exhibit 116: Data Tables on Market opportunity by geography (USD million)

10 Drivers, Challenges, and Trends

10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 117: Impact of drivers and challenges in 2022 and 202710.4 Market trends

11 Vendor Landscape

11.1 Overview11.2 Vendor landscapeExhibit 118: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruptionExhibit 119: Overview on factors of disruption11.4 Industry risksExhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors coveredExhibit 121: Vendors covered12.2 Market positioning of vendors Exhibit 122: Matrix on vendor position and classification12.3 ABB Ltd.Exhibit 123: ABB Ltd. – OverviewExhibit 124: ABB Ltd. – Business segmentsExhibit 125: ABB Ltd. – Key offeringsExhibit 126: ABB Ltd. – Segment focus12.4 Clearpath Robotics Inc. Exhibit 127: Clearpath Robotics Inc. – OverviewExhibit 128: Clearpath Robotics Inc. – Product / ServiceExhibit 129: Clearpath Robotics Inc. – Key offerings12.5 Cyberdyne Inc.Exhibit 130: Cyberdyne Inc. – OverviewExhibit 131: Cyberdyne Inc. – Product / ServiceExhibit 132: Cyberdyne Inc. – Key offerings12.6 DENSO Corp.Exhibit 133: DENSO Corp. – OverviewExhibit 134: DENSO Corp. – Business segmentsExhibit 135: DENSO Corp. – Key newsExhibit 136: DENSO Corp. – Key offeringsExhibit 137: DENSO Corp. – Segment focus12.7 FANUC Corp.Exhibit 138: FANUC Corp. – OverviewExhibit 139: FANUC Corp. – Product / ServiceExhibit 140: FANUC Corp. – Key offerings12.8 GEA Group AGExhibit 141: GEA Group AG – OverviewExhibit 142: GEA Group AG – Business segmentsExhibit 143: GEA Group AG – Key offeringsExhibit 144: GEA Group AG – Segment focus12.9 Honeywell International Inc. Exhibit 145: Honeywell International Inc. – OverviewExhibit 146: Honeywell International Inc. – Business segmentsExhibit 147: Honeywell International Inc. – Key newsExhibit 148: Honeywell International Inc. – Key offeringsExhibit 149: Honeywell International Inc. – Segment focus12.10 Kawasaki Heavy Industries Ltd. Exhibit 150: Kawasaki Heavy Industries Ltd. – OverviewExhibit 151: Kawasaki Heavy Industries Ltd. – Business segmentsExhibit 152: Kawasaki Heavy Industries Ltd. – Key newsExhibit 153: Kawasaki Heavy Industries Ltd. – Key offeringsExhibit 154: Kawasaki Heavy Industries Ltd. – Segment focus12.11 KION GROUP AGExhibit 155: KION GROUP AG – OverviewExhibit 156: KION GROUP AG – Business segmentsExhibit 157: KION GROUP AG – Key newsExhibit 158: KION GROUP AG – Key offeringsExhibit 159: KION GROUP AG – Segment focus12.12 L3Harris Technologies Inc. Exhibit 160: L3Harris Technologies Inc. – OverviewExhibit 161: L3Harris Technologies Inc. – Business segmentsExhibit 162: L3Harris Technologies Inc. – Key newsExhibit 163: L3Harris Technologies Inc. – Key offeringsExhibit 164: L3Harris Technologies Inc. – Segment focus12.13 Lely International NV Exhibit 165: Lely International NV – OverviewExhibit 166: Lely International NV – Product / ServiceExhibit 167: Lely International NV – Key offerings12.14 OMRON Corp.Exhibit 168: OMRON Corp. – OverviewExhibit 169: OMRON Corp. – Business segmentsExhibit 170: OMRON Corp. – Key newsExhibit 171: OMRON Corp. – Key offeringsExhibit 172: OMRON Corp. – Segment focus12.15 Relay Robotics Inc.Exhibit 173: Relay Robotics Inc. – OverviewExhibit 174: Relay Robotics Inc. – Product / ServiceExhibit 175: Relay Robotics Inc. – Key newsExhibit 176: Relay Robotics Inc. – Key offerings12.16 SMP Robotics Systems Corp. Exhibit 177: SMP Robotics Systems Corp. – OverviewExhibit 178: SMP Robotics Systems Corp. – Product / ServiceExhibit 179: SMP Robotics Systems Corp. – Key offerings12.17 The Boeing Co.Exhibit 180: The Boeing Co. – OverviewExhibit 181: The Boeing Co. – Business segmentsExhibit 182: The Boeing Co. – Key newsExhibit 183: The Boeing Co. – Key offeringsExhibit 184: The Boeing Co. – Segment focus

13 Appendix

13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 185: Inclusions checklistExhibit 186: Exclusions checklist13.3 Currency conversion rates for USUSD Exhibit 187: Currency conversion rates for USUSD13.4 Research methodologyExhibit 188: Research methodologyExhibit 189: Validation techniques employed for market sizingExhibit 190: Information sources13.5 List of abbreviations Exhibit 191: List of abbreviations

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