DUBLIN--(BUSINESS WIRE )--The "Global Industrial Robot Market: Analysis By Industry, By Type, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2026" report has been added to ResearchAndMarkets.com's offering.
The global industrial robot market in 2021 was valued at US$33.90 billion and is likely to reach US$61.09 billion by 2026. In recent years, manufacturing has been one of the first industries to deploy robots on a large scale, since industrial robotics serve to increase productivity and efficiency by lowering manufacturing costs, hence lowering the overall purchase price of products.
The newest industrial revolution, Industry 4.0, has spurred the development of new technologies such as collaborative robots, AI-enabled robots, and so on, allowing industries to employ robots to streamline various processes, boost productivity, and reduce mistakes.
Increased worker safety and greater manufacturing capabilities have prompted sectors to invest in robotic systems. Moreover, as the next generation of industrial robots become cheaper, autonomous, more mobile, cooperative, and adaptable, demand for robots across many industries is expected to rise. The industrial robot market is projected to grow at a CAGR of 12.50% during the forecast period of 2022-2026.
Over the past five years, there has been a very visible acceleration in demand for industrial robots globally compared to long-term trends. The global industrial robot market volume was 496.87 thousand units in 2021.
Global Industrial Robot Market Dynamics
2.2 Industrial Robots Segmentation: An Overview
3.1 Global Industrial Robot Market: An Analysis
3.1.1 Global Industrial Robot Market by Value
3.1.2 Global Industrial Robot Market Value by Industry (Automotive, Electrical/ Electronics, Chemical, Rubber
& Plastics, Food and Beverages, and Other Applications)
3.1.3 Global Industrial Robot Market Value by Type (Articulated, Cartesian, SCARA, Cylindrical, and Other Types)
3.1.4 Global Industrial Robot Market Value by Region (Asia-Pacific, North America, Europe, and ROW)
3.1.5 Global Industrial Robot Market by Volume
3.1.6 Global Industrial Robot Market Volume by Region (China, Japan, the US, Republic of Korea, Germany and ROW)
3.2 Global Industrial Robot Market: Industry Analysis
3.3 Global Industrial Robot Market: Type Analysis
6.1.2 Rapid Installations of Industrial Robots
6.1.4 Growing Role of Artificial Intelligence in Robotics
6.3.1 Use of Microelectromechanical Systems (MEMS)
6.3.3 Rising Use of Collaborative Robots (Cobot)
6.3.5 Employment Opportunities in Industrial Robotics
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900