Dec 28, 2020   SOURCE: BusinessWire

COVID-19 Impact on Industrial Robotics - Global Market Outlook to 2027 - ResearchAndMarkets.com

The "COVID-19 Impact on Industrial Robotics - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.

Global Industrial Robotics market accounted for $39.64 billion in 2019 and is expected to reach $101.72 billion by 2027 growing at a CAGR of 12.5% during the forecast period.

Some of the key factors propelling the market growth include Dearth of skilled labor and solicitation of proposals by governments, public-private companies to mitigate the adverse impact of COVID-19, increasing investments for innovations and automation in industries. However, high installation cost of industrial robots, especially for small and medium-sized enterprises is likely to hamper the market.

An industrial robot is a robot system used in manufacturing industries. These are automated, programmable and capable of movement on three or more axis. In simple terms, it is described as a programmable, mechanical device used in place of a person to perform dangerous or repetitive tasks with a high degree of accuracy. They are designed specifically for different applications such as welding, painting, assembly, pick and place for printed circuit boards, packaging and labeling, palletizing, product inspection, and testing in manufacturing industries.

By end user, automotive segment is anticipated to grow at the significant rate during the forecast period. The automotive industry continues to use industrial robots in their assembly line. The industry has seen the most extensive use for robots in manufacturing and assembling components such as engines, chassis, axles, and brakes. The automotive industry is one of the largest users of industrial robots; however, the market is expected to be severely affected due to the COVID-19 pandemic. The pandemic has hindered production and significantly reduced consumer demand. Due to this, vehicle manufacturers are expected to reduce their investments in automation, affecting the market for industrial robots.

On the basis of geography, APAC is projected to have considerable market growth during the forecast period, owing to decrease in the sales of industrial robots in countries like China due to the falling demand from the automotive sector and the effects of the US-China trade war. The automotive and electrical & electronics industries are the most important drivers for traditional industrial robots in APAC. Although China is expected to witness a decline in growth from 2020 onwards, due to trade restrictions and the COVID-19 pandemic, it is still likely to remain a significant market in APAC.

Some of the key players in the Industrial Robotics Market include FANUC, KUKA, Omron Adept, Doosan Robotics, ABB Group, Yaskawa Electric Corporation, Durr AG, Cyberdyne, Stryker, Kawasaki Heavy Industries Ltd., Mitsubishi Electric Corporation, B+M Surface Systems, Bosch Group, General Electric, Northrop Grumman, Denso Corporation, Nachi-Fujikoshi Corp., Seiko Epson Corporation, Panasonic Corporation, and Yamaha Motor Co., Ltd.

What the Report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Key Topics Covered:

1 Executive Summary

2 Preface

2.1 Abstract

2.2 Stake Holders

2.3 Research Scope

2.4 Research Methodology

2.5 Research Sources

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 End User Analysis

3.7 Emerging Markets

3.8 Impact of Covid-19

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global COVID-19 Impact on Industrial Robotics Market, By Type

5.1 Introduction

5.2 Traditional Industrial Robots

5.2.1 Parallel/Delta Robots

5.2.2 Cartesian/Gantry/Linear Robots

5.2.3 Articulated Robots

5.2.4 SCARA Robots

5.3 Vacuum Robotics

5.4 Laser Processing Robotics

5.5 Automated Guided Vehicles (AGVs)

5.6 Collaborative Robots

5.7 Other Robots

5.7.1 Swing Arm

5.7.2 Cylindrical

5.7.3 Spherical

6 Global COVID-19 Impact on Industrial Robotics Market, By Function

6.1 Introduction

6.2 Material Handling

6.3 Cutting and Processing

6.4 Assembling & Disassembling

6.5 Painting & Dispensing

6.6 Soldering & Welding

6.7 Milling & Grinding

7 Global COVID-19 Impact on Industrial Robotics Market, By Configuration

7.1 Introduction

7.2 Mobile Robots

7.3 Mounted Robots

8 Global COVID-19 Impact on Industrial Robotics Market, By Payload

8.1 Introduction

8.2 0-20 KG

8.3 20-80 KG

8.4 80-300 KG

8.5 300-1000 KG

8.6 1000-3000 KG

9 Global COVID-19 Impact on Industrial Robotics Market, By Component

9.1 Introduction

9.2 End Effector

9.3 Drive

9.4 Sensors

9.5 Power Supply

9.6 Motors

9.7 Robot Controller Unit

9.8 Robotic Arm

10 Global COVID-19 Impact on Industrial Robotics Market, By End User

10.1 Introduction

10.2 Precision Engineering and Optics

10.3 Pharmaceuticals and Cosmetics

10.4 Automotive

10.5 Electrical and Electronics

10.6 Metals and Machinery

10.7 Chemicals, Rubber, and Plastics

10.8 Food & Beverages

10.9 Construction

10.10 Home Appliances

10.11 Agriculture

11 Global COVID-19 Impact on Industrial Robotics Market, By Subsystem

11.1 Introduction

11.2 Software

11.3 Robot Machines

11.4 Peripherals & System Engineering

12 Global COVID-19 Impact on Industrial Robotics Market, By Geography

12.1 Introduction

12.2 North America

12.2.1 US

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 Italy

12.3.4 France

12.3.5 Spain

12.3.6 Rest of Europe

12.4 Asia Pacific

12.4.1 Japan

12.4.2 China

12.4.3 India

12.4.4 Australia

12.4.5 New Zealand

12.4.6 South Korea

12.4.7 Rest of Asia Pacific

12.5 South America

12.5.1 Argentina

12.5.2 Brazil

12.5.3 Chile

12.5.4 Rest of South America

12.6 Middle East & Africa

12.6.1 Saudi Arabia

12.6.2 UAE

12.6.3 Qatar

12.6.4 South Africa

12.6.5 Rest of Middle East & Africa

13 Key Developments

13.1 Agreements, Partnerships, Collaborations and Joint Ventures

13.2 Acquisitions & Mergers

13.3 New Product Launch

13.4 Expansions

13.5 Other Key Strategies

14 Company Profiling

14.1 FANUC

14.2 KUKA

14.3 Omron Adept

14.4 Doosan Robotics

14.5 ABB Group

14.6 Yaskawa Electric Corporation

14.7 Durr AG

14.8 Cyberdyne

14.9 Stryker

14.10 Kawasaki Heavy Industries Ltd.

14.11 Mitsubishi Electric Corporation

14.12 B+M Surface Systems

14.13 Bosch Group

14.14 General Electric

14.15 Northrop Grumman

14.16 Denso Corporation

14.17 Nachi-Fujikoshi Corp.

14.18 Seiko Epson Corporation

14.19 Panasonic Corporation

14.20 Yamaha Motor Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/a1czap