Robots Market By Type (Articulated Robots, Collaborative Robots, Professional Service Robots, Domestic Service Robots, and Entertainment Robots), By Application (Logistics, Personal, Military, Agriculture, Construction/Mining, Medical, Entertainment, Research, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Robots are automatically operated machines that run on pre-defined computer programs and software. Robots are designed to replicate human action and are generally fitted at workstations with repetitive motion. The advanced designs of robots include humanoids, which are built-in accurate resemblance to the human body.

Market Dynamics

The rise in the level of automation for varied industrial works and continued technological development for product excellence are the primary factors driving the market growth. The massive industrial jobs and high-risk tasks are being generally conducted by robots, without much manual intervention. The use of robots in such tasks increases the preciseness and speed of completion, thereby improving the productivity of industrial sectors. The consistent product development for higher excellence in performance and work output of robots would also influence improved prospects of market growth during the forecast period. The advent and incorporation of service robots as domestic help and caretakers for the elderly population would further instigate high product demand, boosting the market growth. However, high costs of production and maintenance might hamper the market growth. The integration of advanced material and software solutions into the creation of robots require high initial investments, which generally translates to the high pricing structure for the end-products. The mechanical issues and technical complexities of the functioning and control of robots might also hamper the growth of the market.
The increasing product adoption among SMEs would provide lucrative opportunities for the market in the coming years. The need to scale up the manufacturing output of enterprises and the elimination of manual labor costs when the integration of articulated and collaborative robots are complete would provide key manufacturers with new possibilities of product application and business expansion over the forecast period.
 
Market Segmentation

The global Robot market is mainly classified based on Type and Application. Type is further segmented into Articulated Robots, Collaborative Robots, Professional Service Robots, Domestic Service Robots, and Entertainment Robots. By Application, the market is divided into Logistics, Personal, Military, Agriculture, Construction/Mining, Medical, Entertainment, Research, and Others.

Professional Service Robots by Type holds a considerable share in terms of overall market value and volume owing to their unique capabilities outside of manufacturing facilities but operations in a professional setting. The development of service robots that would also perform some level of human interaction in healthcare, hospitality, or retail sector, would improve the growth prospects of the segment in the coming years.

In terms of volume, the Personal segment by Application is poised to garner 2,13,365.8 K Units; growing at a CAGR of 40.8% during forecast period. The growth in adoption of service robots in commercial places and caregiving units for the personal needs of customers would be instrumental in the growth of the segment over the forecast period.

Regional Analysis

Based on geography, the global Robots market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America is a prominent region and holds a considerable share in terms of overall value and volume owing to the increasing product awareness among individuals and organizations looking to increase comfort and productivity, respectively. The establishment of proper infrastructure in industrial facilities and healthcare centers for the integration of robots would further influence the growth of the regional market.
 
Competitive landscape

The Robots market is moderately consolidated, with several key players operating with expansive manufacturing capabilities and extended global reach. The capabilities of the top vendors to make product deliveries to remote areas further consolidates their secure market positioning.

Key players operating in the Robots industry include ABB Ltd, Yaskawa Electric Corporation, Denso Corporation, Fanuc Corporation, Kuka AG, Kawasaki Heavy Industries Ltd, Toshiba Corporation, Panasonic Corporation, Staubli International AG, Nachi Robotic Systems Inc., Yamaha Motor Co. Ltd, Seiko Epson Corporation, Comau SpA, Omron Corporation, and Intuitive Surgical Inc.

The launch of new products after thorough development and extension in business capabilities through strategic partnerships and collaborations are the primary strategies adopted by the companies looking to increase sales volume and capture substantial market share.

Robots Market Key Segments

By Type
• Articulated Robots
• Collaborative Robots
• Professional Service Robots
• Domestic Service Robots
• Entertainment Robots

By Application
• Logistics
• Personal
• Military
• Agriculture
• Construction/Mining
• Medical
• Entertainment
• Research
• Others

Key Global Robots Industry Players
• ABB Ltd
• Yaskawa Electric Corporation
• Denso Corporation
• Fanuc Corporation
• Kuka AG
• Kawasaki Heavy Industries Ltd
• Toshiba Corporation
• Panasonic Corporation
• Staubli International AG
• Nachi Robotic Systems Inc.
• Yamaha Motor Co. Ltd
• Seiko Epson Corporation
• Comau SpA
• Omron Corporation
• Intuitive Surgical Inc.

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Robots Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Rise in the level of automation for varied industrial works
3.3.2. Continued technological development for product excellence
3.4. Restraints
3.4.1. High costs of production and maintenance
3.5. Opportunity
3.5.1. Increasing product adoption among SMEs
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Articulated Robots
4.2.1. Market Size & Forecast
4.3. Collaborative Robots
4.3.1. Market Size & Forecast
4.4. Professional Service Robots
4.4.1. Market Size & Forecast
4.5. Domestic Service Robots
4.5.1. Market Size & Forecast
4.6. Entertainment Robots
4.6.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Logistics
5.2.1. Market Size & Forecast
5.3. Personal
5.3.1. Market Size & Forecast
5.4. Military
5.4.1. Market Size & Forecast
5.5. Agriculture
5.5.1. Market Size & Forecast
5.6. Construction/Mining
5.6.1. Market Size & Forecast
5.7. Medical
5.7.1. Market Size & Forecast
5.8. Entertainment
5.8.1. Market Size & Forecast
5.9. Research
5.9.1. Market Size & Forecast
5.10. Others
5.10.1. Market Size & Forecast

6. Robots Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Robots Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Robots Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Russia
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Robots Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Robots Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Robots Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. ABB Ltd
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. ABB Ltd Product Category, Application, and Specification
7.1.3. ABB Ltd Financial Performance (2015-2019)
7.1.4. Main Business/Business Overview
7.2. Yaskawa Electric Corporation
7.3. Denso Corporation
7.4. Fanuc Corporation
7.5. Kuka AG
7.6. Kawasaki Heavy Industries Ltd
7.7. Toshiba Corporation
7.8. Panasonic Corporation
7.9. Staubli International AG
7.10. Nachi Robotic Systems Inc.
7.11. Yamaha Motor Co. Ltd
7.12. Seiko Epson Corporation
7.13. Comau SpA
7.14. Omron Corporation
7.15. Intuitive Surgical Inc.