Dublin, Oct. 17, 2023 (GLOBE NEWSWIRE) -- The "Industrial Robotic Arms - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Industrial Robotic Arms estimated at US$17 Billion in the year 2022, is projected to reach a revised size of US$38.4 Billion by 2030, growing at a CAGR of 10.8% over the analysis period 2022-2030.
Automotive, one of the segments analyzed in the report, is projected to record 10.8% CAGR and reach US$11.9 Billion by the end of the analysis period. Growth in the Electrical / Electronics segment is estimated at 11.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 12.5% CAGR
The Industrial Robotic Arms market in the U.S. is estimated at US$2.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$12.6 Billion by the year 2030 trailing a CAGR of 12.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8% and 8.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.4% CAGR.
Select Competitors (Total 102 Featured)
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ABB Ltd.
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DENSO Corporation
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Dobot.cc
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Fanuc Corporation
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Flexiv Robotics Inc.
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Gridbots Technologies Private Limited
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Kawasaki Heavy Industries, Ltd.
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KUKA Robotics Corporation
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Mitsubishi Electric Corporation
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NACHI-FUJIKOSHI CORP.
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OMRON Corporation
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Epson America, Inc.
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Universal Robots A/S
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Yaskawa Europe GmbH
What`s New?
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Special discussions on the global economic climate and market sentiment
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Coverage on global competitiveness and key competitor percentage market shares
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Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
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Online interactive peer-to-peer collaborative bespoke updates
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Access to digital archives and trademarked research platform
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Complimentary updates for one year
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Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
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Established Use Case Across Diverse End-Use Sectors Bodes Well
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Growing Concerns for Increasing Productivity and Ensuring Workers Safety Fuel Demand for Industrial Robotic Arms
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Continued Emphasis on Automation Widens Business Prospects
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Robotics End of Arm Tools Witnesses Increased Demand
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Ongoing Shift Towards Industry 4.0 to Drive Next Wave of Growth
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Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
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IoT & Artificial Intelligence to Widen the Capabilities of Robotic Arm
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Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
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Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2022 and 2025
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Shortage of Skilled Workers & Aging Workforce Underpin Uptake Volumes
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Age Dependency Ratio in Select Countries (2010, 2020 & 2030): Percentage of Dependent People Per 100 Working Age Population
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Automotive Sector: Dominant Consumer of Robotic Arms
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World Automobile Production in Million Units: 2008-2022
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Increasing Acceptance of Electric Vehicles Foster Growth for Industrial Robot Manufacturing Companies
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High Growth Opportunities Identified in Food & Beverage Sector
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Global Sales of Processed Foods in US$ Billion for Years 2014, 2016, 2018 and 2020
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Automated Systems Gain Traction in Electrical & Electronics Production Units
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Market to Gain from Growing Relevance in Healthcare and Pharmaceuticals Sector
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Robotic Arms Step In to Resolve Critical Handling Needs
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Effort to Resolve Prevailing Issues & Challenges Critical for Future Success of Rehabilitation Exoskeleton Robots
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E-Commerce Widens the Opportunities for Robotic Arms
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Global e-Commerce Sales as Percentage of Total Retail Sales (2015-2021)
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Use of Industrial Robots in Agriculture Witnesses a Surge
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Advancements in Industrial Robotics to Influence Future Prospects
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Meca500 - The World's Most Compact and Smallest Industrial Robots
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The SCARA
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A Look Into Major Trends in the Robotic EOAT Marketspace
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Resolving the Prevailing Challenges: Critical for Future Success
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COLDArm, an Innovative Robotic Arm Tested by NASA for Working in Extreme Cold Environments (2022)
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Introduction of Innovative Technologies Propel Demand for Industrial Robotic Arms