Top Robotics Market Forecasts to 2028 – Global Analysis By Application (Handling, Assembling & Disassembling), End User (Construction, Defense, Electronics, Education, Medical, Chemicals, Logistics) and By Geography
According to Stratistics MRC, the Global Top Robotics market is accounted for $76.60 billion in 2020 and is expected to reach $333.78 billion by 2028 growing at a CAGR of 20.2% during the forecast period. Growing demand for collaborative robots across all industry segments, anticipated shortage of skilled labour in manufacturing industries and Initiatives by governments and public–private companies to mitigate COVID-19 impact are the major factors driving the market growth. However, Reduction of jobs due to automation is restraining the market growth.
Top robotics are robots used for making tasks easier. They are broadly divided into industrial robots and service robots. An industrial robot is a robot system used for manufacturing. Industrial robots are automated, programmable and capable of movement on three or more axes. Service robots assist human beings, typically by performing a job that is dirty, dull, distant, dangerous or repetitive, including household chores.
Based on end user, the medical segment accounted for considerable market share during the forecast period due to growing aging population that requires more care. Robots are being developed to support both patients and medical staff. Medical assistive robots are also used to assist surgery and diagnosis by delivering necessary equipment or carrying instruments and other medical products; rehabilitation robotics help in assisting patients. By geography, Asia Pacific held largest market share during forecast period due to increasing labour costs in this region.
Some of the key players profiled in the Top Robotics Market include FANUC, ABB, Anhui Efort Intelligent Equipment, CMA Robotics S.p.A., F&P Robotics AG, KUKA, Mitsubishi, Northrop Grumman, Precise Automation, Inc., Rethink Robotics, Robert Bosch GmbH and Yaskawa.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs & Figures
Type, Environment, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Welding & Soldering
• Assembling & Disassembling
• Other Applications
End Users Covered:
• Defense, Rescue, and Security
• Electrical & Electronics
• Entertainment, Education, and Personal
• Food & Beverages
• Human Exoskeleton
• Metals & Machinery
• Pharmaceuticals & Cosmetics
• Plastics, Rubber, and Chemicals
• Precision Engineering & Optics
• Public Relations and Inspection
• Warehouses & Logistics
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Top Robotics Market is majorly driven by growing demand for collaborative robots across all industry segments, anticipated shortage of skilled labor in manufacturing industries and initiatives by governments and public–private companies to mitigate COVID-19 impact.
The food & beverages segment is growing at a highest CAGR owing to automation in the food & beverage industry which is comparatively different from other industries.
North America dominated with a significant market share due to the factors such as presence of local players and pioneers in terms of adoption of robotics.
Asia Pacific market is growing at a highest CAGR owing to increasing labor costsforcing manufacturers to automate to maintain their cost advantage in the region.
Key players in Top Robotics Market include FANUC, ABB, Anhui Efort Intelligent Equipment, CMA Robotics S.p.A., F&P Robotics AG, KUKA, Mitsubishi, Northrop Grumman, Precise Automation, Inc., Rethink Robotics, Robert Bosch GmbH and Yaskawa.
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