A new research study titled “Global Industrial Robotics Market” has been conducted, providing insights into the industry’s size, market share, growth analysis, segmentation, leading manufacturers, and key trends. The report aims to provide businesses with comprehensive insights into the sector and its economic potential, allowing for accelerated growth. The study utilizes accurate statistical research data to analyze the market, including PESTLE & SWOT analysis, Porter’s Five Forces Analysis, expenditure, costs, revenue, and end-users.
The global industrial robotics market is projected to reach $186.66 billion by 2032, with a growth rate of 11.5% annually over the period 2022-2032. This growth is driven by the emerging Industry 4.0, the scope for AI innovation, and the increasing adoption of advanced industrial robotics to improve productivity and safety in the manufacturing sector.
The market faced adverse consequences in 2022 due to economic sanctions imposed on Russia and the ongoing conflict between Russia and Ukraine. The energy sector has been particularly affected, leading to concerns about energy security and price volatility. Additionally, disruptions in supply chains have caused challenges for industries reliant on Ukrainian exports. These geopolitical factors continue to impact global industries, affecting stability and growth in 2023.
However, there is hope for economic recovery in 2023, with projections indicating a less severe economic downturn in Russia and brighter prospects for Ukraine. Regional economic growth is expected to rise, driven by a decrease in inflationary pressures, a resurgence in domestic demand, and a more favorable external economic environment.
The report highlights key players in the global industrial robotics market, including ABB Ltd., Comau S.p.A, Fanuc Corp., and Kawasaki Robotics Inc., among others.
Source: Report Ocean
- Industrial Robotics: The use of robots in industries for automation and repetitive tasks in manufacturing processes.
- Industry 4.0: The fourth industrial revolution characterized by the integration of digital technologies, automation, and artificial intelligence into industrial processes.
- PESTLE Analysis: A strategic framework that analyzes political, economic, sociocultural, technological, legal, and environmental factors affecting a market or industry.
- SWOT Analysis: An assessment of the strengths, weaknesses, opportunities, and threats of an organization or a market.
- Porter’s Five Forces Analysis: A model that analyzes the competitive forces within an industry, including the threat of new entrants, the bargaining power of buyers and suppliers, the threat of substitutes, and the intensity of competitive rivalry.