Robotics Market Analysis (2009-2019) and Forecast (2020-2025) Featuring KUKA, Adept Technology, iRobot, Intuitive Surgical, Nachi-Fujikoshi, and Yaskawa Electric
DUBLIN, Jan. 31, 2020 /PRNewswire/ -- The "Global Robotics Market and Volume (Industrial and Service Robotics), Key Players Analysis - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
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The Global Robotics Market was valued at around US$ 34 Billion in 2019 and the market is expected to register a double digit CAGR over the forecast period of 2020-2025. The market for robotics is anticipated to grow exponentially during the forecast period driven by advantages such as cost reduction, improved quality, increased production, and improved workplace health and safety.
The adoption of robots across a wide range of industries including manufacturing, healthcare, defense and security, logistics, inspection and maintenance, automotive, electronics, and food and beverage has accelerated the growth of the market. Robots deliver better quality products and services more efficiently, with less wastage and without causing physical damage to humans due to their autonomous nature. The increasing use of robotics will boost the growth of the market in the coming future. However, the high initial investment and concern for human safety restricts the growth of the market.
Industrial Robotics Market Overview
The global industrial robotics market is likely to surpass US$ 24 Billion mark by 2025. The demand for industrial robotics is anticipated to grow exponentially during the forecasting period driven by advantages such as cost reduction, improved quality, increased production, and improved workplace health and safety. The adoption of automation to ensure quality production and meet market demand, and the growing demand from small- and medium-scale enterprises in developing countries is fueling the growth of industrial robotics market globally.
Segment Analysis
On the basis of segment, the automotive industry accounted for highest share of the industrial robotics market. Around 32% of all industrial robot installations take place in the automotive industry. The market for industrial robotics in the electrical and electronics industry is probably the one most affected by the China-US trade crisis as Asian countries (e.g. China, Japan, Republic of Korea) are leaders in manufacturing electronic products and components. Metal industry has been seeing an accelerated growth of industrial robotics adoption in recent years.
Both unit shipment and the sales revenue are expected to enjoy handsome growth over the coming period of 2020-2025. Chemical, rubber and plastics industry is the fourth largest market for industrial robotics market, while food industry accounted for least share of the global industrial robotics market.
Regional Analysis
In terms of geographical regions, Asia/Australia is the world's strongest growth market for industrial robots. This region accounted for over 67% share of the industrial robotics market in 2019. The main drivers for this growth are the demand for industrial robots from small- and medium-scale enterprises in China, Japan, South Korea, and India. Since 2013 China has been the biggest robot market in the world with a continued dynamic growth. The five major markets including China, Japan, the Republic of Korea, the United States and Germany accounts for around 75% of the total robotics sales volume in 2019. Europe is the second leading region for industrial robotics market, followed by the Americas.
Service Robotics Market Overview
The global service robotics market was valued at over US$ 17 Billion in 2019 and is expected to show significant growth during the forecast period, driven by an upsurge in its adoption owing to high labor cost, lack of skilled workforce, increasing research and development investments, growing awareness regarding the benefits of service robots, and increased demand for automation among professional and personal sectors. Service robots have witnessed widespread acceptance among various professional and personal applications owing to benefits such as enhanced usability, delivery of accurate and high-quality services, reliability, and reduced operational costs and human errors.
Professional service robots are employed in various industries including medical, defense, agriculture, logistics, inspection and maintenance, rescue and security, construction, and professional cleaning among others, whereas personal service robots are used for domestic and entertainment and leisure purpose. The high initial investment and concern for human safety restricts the growth of the market.
Professional Service Robotics Market and Volume Forecast - By Segment
The logistic applications accounted for maximum share of the global professional service robotics market. The use of service robots in logistic industry is anticipated to show substantial growth. The growing e-commerce industry is the primary growth driver for this market. In 2019, medical application was the second major industry vertical, in terms of market share.
Medical application employs service robots for a wide range of applications such as surgery, diagnostics, physical and mental therapy, and prosthetics among others. Defence robotics captured third highest share of the professional service robotics market in 2019, followed by Agriculture robots or Agribots. The implementation of robotics in agriculture is expected to bring out transformational result in coming years.
In volume terms, the logistic robots accounted for maximum share of the overall professional service robotics volume. Inspection and maintenance robots captured second highest share of the professional service robots sales volume in 2019. The medical robots accounted for merely 2% share of the professional service robotics volume in 2019, due to expensive nature of these devices.
Personal & Domestic Service Robotics Market and Volume Forecast - By Segment
Household robots accounted for maximum share of the personal and domestic service robotics market both in value and volume terms. This segment is likely to lead the personal and domestic service robotics volume throughout the forecasting period. The household robotics market consists of a wide variety of products focused on single tasks, such as floor care, lawn care, and pool care. While, entertainment and leisure robots are aimed at youth in the hopes of boosting their interest in robotics and other technical fields.
This 225 page report with 123 figures and 18 tables has been analyzed from 10 viewpoints:
1. Global Robotics Market and Volume Forecast (2009 - 2025)
2. Global Robotics Market, Volume, Share and Forecast (2009 - 2025)
3. Global Industrial Robotics Market and Volume Forecast (2009 - 2025)
4. Global Industrial Robotics Market and Volume Forecast - By Segment (2009 - 2025)
5. Industrial Robotics Volume and Forecast - Region and Country Wise Distribution (2010 - 2025)
6. Global Service Robotics Market and Volume Forecast (2009 - 2025)
7. Global Professional Service Robotics Market and Volume Forecast - By Segment (2009 - 2025)
8. Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment (2009 - 2025)
9. Key Player - Sales and SWOT Analysis (2010 - 2025)
10. Global Robotics Market - Growth Drivers and Challenges
Key Topics Covered
1. Executive Summary
2. Global Robotics Market and Forecast (2009 - 2025)
2.1 Global Industrial Robotics Market and Forecast
2.2 Global Service Robotics Market and Forecast
2.2.1 Global Professional Service Robotics Market and Forecast
2.2.2 Global Personal and Domestic Service Robotics Market and Forecast
3. Global Robotics Volume and Forecast (2009 - 2025)
3.1 Global Industrial Robotics Volume and Forecast
3.2 Global Service Robotics Volume and Forecast
3.2.1 Global Professional Service Robotics Volume and Forecast
3.2.2 Global Personal and Domestic Service Robotics Volume and Forecast
4. Global Robotics Market and Volume Share Analysis
4.1 Global Robotics Market Share and Forecast - By Type (2009 - 2025)
4.2 Global Robotics Volume Share and Forecast - By Type (2009 - 2025)
5. Global Industrial Robotics Market Share and Forecast
5.1 Global Industrial Robotics Market Share and Forecast - By Segment (2009 - 2025)
5.2 Global Industrial Robotics Market Share and Forecast - By Region (2010 - 2025)
6. Global Service Robotics Market and Volume Share Analysis (2009 - 2025)
6.1 Global Service Robotics Market Share and Forecast - By Segment
6.2 Global Professional Service Robotics Market Share and Forecast - By Segment
6.3 Global Personal and Domestic Service Robotics Market Share and Forecast - By Segment
6.4 Global Service Robotics Volume Share and Forecast - By Segment
6.5 Global Professional Service Robotics Volume Share and Forecast- By Segment
6.6 Global Personal and Domestic Service Robotics Volume Share and Forecast- By Segment
7. Global Industrial Robotics Market and Volume Forecast - By Segment (2009 - 2025)
7.1 Global Automotive Industry Robotics Market and Volume Forecast
7.2 Global Electrical/Electronics Industry Robotics Market and Volume Forecast
7.3 Global Metal Industry Robotics Market and Volume Forecast
7.4 Global Chemical, Rubber and Plastics Industry Robotics Market and Volume Forecast
7.5 Global Food Industry Robotics Market and Volume Forecast
7.6 Global Others Industry Robotics Market and Volume Forecast
7.7 Global Unspecified Industry Robotics Market and Volume Forecast
8. Global Industrial Robotics Volume and Forecast - By Region and Country Wise Distribution (2010 - 2025)
9. Global Professional Service Robotics Market and Volume Forecast - By Segment (2009 - 2025)
9.1 Global Defense Robotics Market and Volume Forecast
9.2 Global Agriculture/Field Robotics Market and Volume Forecast
9.3 Global Logistic Robotics Market and Volume Forecast
9.4 Global Medical Robotics Market and Volume Forecast
9.5 Global Construction Robotics Market and Volume Forecast
9.6 Global Mobile Platforms Robotics Market and Volume Forecast
9.7 Global Inspection Robotics Market and Volume Forecast
9.8 Global Underwater Robotics Market and Volume Forecast
9.9 Global Rescue and Security Robotics Market and Volume Forecast
9.10 Global Cleaning Robotics Market and Volume Forecast
9.11 Global Exoskeleton Robotics Market and Volume Forecast
9.12 Global Public Relation Robotics Market and Volume Forecast
9.13 Global All Others Robotics Market and Volume Forecast
10. Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment (2009 - 2025)
10.1 Global Household Robotics Market and Volume Forecast
10.1.1 Global Household Robotics Market and Forecast
10.1.2 Global Household Robotics Volume and Forecast
10.2 Global Entertainment and Leisure Robotics Market and Volume Forecast
10.2.1 Global Entertainment and Leisure Robotics Market and Forecast
10.2.2 Global Entertainment and Leisure Robotics Volume and Forecast
11. Key Player Analysis (2010 - 2025)
(Company Overview, Sales Analysis, SWOT Analysis)
11.1 KUKA AG
11.2 Adept Technology (Acquired by OMRON)
11.3 iRobot Corporation
11.4 Intuitive Surgical
11.5 Nachi-Fujikoshi
11.6 Yaskawa Electric Corporation
12. Global Robotics Market - Growth Drivers
12.1 Increasing Research and Development Expenditure
12.2 Technology Trends Shaping the Future of Robotics
12.3 Government Initiatives Drives Market for Robotics
12.4 Co-Bots Drives Robotics Industry
12.5 Improved Service, Increased Operational Efficiency and Safety
13. Global Robotics Market - Challenges
13.1 Human-Robot Interaction Challenges
13.2 The High Cost of Robots Restricts Market Growth
13.3 Delayed Return on Investment (ROI)
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