Insider Monkey

Top 10 Industrial Robotics Companies in the World

Ramish Cheema
8 min read

In this piece, we will take a look at the top ten industrial robotics companies in the world. For more companies, head on over to Top 5 Industrial Robotics Companies in the World.

Industrialization is the backbone of modern day progress. The start of the industrial revolution centuries ago led to a series of events that kickstarted the process which has led to today's technology boom. From the boom in global textile manufacturing to the invention of the airplane, to the modern day marvel that is the semiconductor, and the boom in the Internet have all transformed the manner in which people work and play.

At the same time, technology has also changed the manner in which companies conduct their operations. Great Britain was able to overtake India as the world's largest textile exporter in the 18th century simply because the British were able to mechanize their production - allowing them to spool up output and reduce costs at the same time. Since then, automation has come a long way, with modern day robots able to make cars, stack shelves in warehouses, help pickers with their daily tasks, and even weld rockets.

This widespread utility offered by robots leads to high growth rates for their market. On this front, a research report from Brand Essence Research outlines that the global collaborative robots market was worth $1.1 billion by 2021 and by 2028 it will grow at a compounded annual growth rate (CAGR) of 35.73% to sit at an estimated $9.9 billion by the end of the forecast period. The research firm also outlines some of the top industrial robotics companies in the world, as it shares that firms such as Yaskawa, Dobot, and Universal Robots have introduced a variety of products capable of performing different functions. Out of these, Yaskawa's products are among some of the most advanced in the world, as they are capable of operating on up to six different positional axes for a wide variety of industrial robotics tasks such as welding, packaging, and product assembly.

Speaking of which, most of the world's top robotics companies are located in Japan (here's a list of the world's top robotics countries). And despite the slowdown in the global economy in 2022 as the Russian invasion of Ukraine unleashed an inflationary wave on a global economy that was already recovering from the coronavirus pandemic, the Japanese robotics industry ended up growing during the year. That's what data from the Japan Robot Association shows, as it shares that orders for industrial robots sat at $7.35 billion last year, as they grew 1.6% annually. Robot production grew by 5.6% annually in 2022, but by the tail end of the year, i.e. the fourth quarter, the orders dropped by 4.3% annually, and production slowed by 4% over the same time period.

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