The industrial robotics market is driven by factors such as increased automation in various industries, advancements in sensor technology and artificial intelligence, and the need for enhanced productivity and efficiency in manufacturing processes. The growing demand for collaborative robots and the increasing adoption of Industry 4.0 are also fueling the growth of the market. However, high initial investment costs, lack of skilled workforce, and concerns over job loss are some of the major challenges faced by the industrial robotics market. The COVID-19 pandemic has also impacted the market, leading to disruptions in supply chains and reduced demand from some industries. Nonetheless, the market is expected to continue to grow as more industries adopt automation and robotics technologies to improve their operations.
The global Industrial Robotics Market is estimated to account for US$ 94.1 Mn in terms of value by the end of 2030.
Key Competitors in the Industrial Robotics Industry:
1. Daihen Corporation
Daihen Corporation is a Japanese company that was founded in 1919. Its headquarters are located in Osaka, Japan. Daihen Corporation operates in 13 countries including the United States, Canada, Mexico, Brazil, Germany, France, the United Kingdom, China, Taiwan, Thailand, Malaysia, Indonesia, and Japan. The company specializes in the development and manufacturing of welding equipment, industrial robots, and power electronics equipment.
2. Yaskawa Motoman Robotics
Yaskawa Motoman Robotics is a subsidiary of Yaskawa Electric Corporation, a Japanese company that was founded in 1915. Yaskawa Motoman Robotics was founded in 1989 and is headquartered in Miamisburg, Ohio, United States. The company operates in more than 30 countries, including the United States, Canada, Mexico, Brazil, Germany, France, the United Kingdom, China, Japan, and Australia. Yaskawa Motoman Robotics is a leading manufacturer of industrial robots, providing solutions for a wide range of industries including automotive, food and beverage, consumer goods, and pharmaceuticals. In August, 2022 YASKAWA Electric Corporation announces the launch of a new lineup of MOTOMAN-HC30PL (30 kg payload capacity, 1600 mm reach), a model to palletizing applications such as cardboard, for the human collaboration robot series that has been developed with 10 kg and 20 kg payload capacity.
3. Denso Corporation
Denso Corporation is a Japanese company that was founded in 1949. Its headquarters are located in Kariya, Aichi, Japan. The company operates in more than 30 countries including the United States, Canada, Mexico, Brazil, Germany, France, the United Kingdom, China, Japan, and Australia. Denso Corporation is a global supplier of automotive technology, systems, and components, as well as industrial robots and other advanced manufacturing equipment.
4. Universal Robots
Universal Robots is a Danish company that was founded in 2005. Its headquarters are located in Odense, Denmark. Universal Robots operates in more than 50 countries including the United States, Canada, Mexico, Brazil, Germany, France, the United Kingdom, China, Japan, and Australia. The company is a leading manufacturer of collaborative robots, which are designed to work alongside humans in a variety of industries including manufacturing, healthcare, and logistics.
5. Epson America, Inc.
Epson America, Inc. is a subsidiary of Seiko Epson Corporation, a Japanese company that was founded in 1942. Epson America, Inc. was founded in 1975 and is headquartered in Long Beach, California, United States. The company operates in more than 90 countries including the United States, Canada, Mexico, Brazil, Germany, France, the United Kingdom, China, Japan, and Australia. Epson America, Inc. is a leading manufacturer of printers, scanners, projectors, and other imaging equipment. In October, 2022 Epson America, a worldwide leader in inkjet printing solutions, announced its newest color printer for business, the WorkForce® Pro WF-C4310. Designed for reliability and reduced downtime, the WF-C4310 is ideal for virtually any work environment that requires a simple solution for everyday business printing.
6. Panasonic Corporation
Panasonic Corporation is a Japanese company that was founded in 1918. Its headquarters are located in Osaka, Japan. The company operates in more than 160 countries including the United States, Canada, Mexico, Brazil, Germany, France, the United Kingdom, China, Japan, and Australia. Panasonic Corporation is a global leader in the development and manufacturing of consumer electronics, automotive technology, and industrial equipment, including robots and other automation systems. Panasonic Corporation announced that at the end of February 2023, its Heating & Ventilation A/C Company completed the acquisition of all of the outstanding shares of Systemair AC SAS, Systemair S.r.l. and Tecnair S.p.A., which operate commercial air-conditioning businesses owned by Systemair AB ("Systemair"), a leading Swedish manufacturer of air quality and air-conditioning equipment.
7. Nachi Robotic Systems, Inc.
Nachi Robotic Systems, Inc. is a subsidiary of Nachi-Fujikoshi Corporation, a Japanese company that was founded in 1928. Nachi Robotic Systems, Inc. was founded in 1989 and is headquartered in Novi, Michigan, United States. The company operates in more than 15 countries including the United States, Canada, Mexico, Brazil, Germany, France, the United Kingdom, China, Japan, and Australia. Nachi Robotic Systems, Inc. is a leading manufacturer of industrial robots, offering a range of products and solutions for a variety of industries. In July, 2023 Nachi Robotic Systems announced to partner with Fluidaire Automation who is an industrial distributor for automation components and systems.
8. FANUC Ltd.
FANUC Ltd. is a Japanese company that was founded in 1958. Its headquarters are located in Yamanashi Prefecture, Japan. The company operates in more than 100 countries including the United States, Canada, Mexico, Brazil, Germany, France, the United Kingdom, China.
*Definition- Industrial robotics refers to the use of robotic technology to automate manufacturing processes and tasks in various industries such as automotive, electronics, healthcare, and logistics.
