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APAC Industrial Robotics Market Analysis APAC - Size and Forecast 2024-2028

APAC Industrial Robotics Market Analysis APAC - Size and Forecast 2024-2028

Published: Jul 2024 170 Pages SKU: IRTNTR76410

Market Overview at a Glance

$26.38 B
Market Opportunity
16.83%
CAGR
14.01
YoY growth 2023-2024(%)

APAC Industrial Robotics Market Size 2024-2028 

The APAC industrial robotics market size is forecast to increase by USD 26.38 billion at a CAGR of 16.83% between 2023 and 2028. In the Asia Pacific region, the industrial robotics market is experiencing significant growth, driven by the automotive and food manufacturing sectors. Automation technology, including collaborative robotics and material handling segments, is increasingly being adopted to enhance productivity and efficiency. Mechanical machines, reprogrammable for flexibility, are becoming essential in manufacturing processes. The integration of Internet of Things (IoT) with robotics is a notable trend, enabling real-time monitoring and predictive maintenance. However, the lack of skilled workers to operate industrial robots poses a challenge for market expansion.

Industrial Robotics Market in APAC Size

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The industrial robotics market in the APAC region is rapidly expanding, driven by the demand for AI-enabled robots across various sectors, including food and beverages, semiconductors, and high-tech electronics. SCARA robots and cylindrical robots are increasingly used for tasks requiring precision and efficiency. In the metal and machinery industry, robotic manipulators and robotic controllers enhance productivity, while robot sensors improve operational accuracy. The advanced robotic manipulator, powered by cutting-edge semi conductors, operates with precision thanks to its sophisticated robotic controller. The plastics and chemical products sector benefits from energy-efficient robotics solutions that streamline materials handling.

Additionally, modular robotics and nanorobots are emerging trends, providing flexibility and advanced capabilities. As industries focus on high-quality products, innovations in mechanical machine and robotic systems continue to reshape the landscape of manufacturing in the APAC region, fostering growth across diverse applications. Further, AI enabled robots, including SCARA robot and modular robot, are revolutionizing the food and beverages sector, as well as the rubber and plastics industry, by providing energy efficient robotics solutions and high quality products through advanced robotic manipulators and controllers, while also making significant impacts in the high tech electronics sector and metal and machinery sector, alongside emerging fields like nanorobotics

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

  • Application
    • Material handling
    • Welding and soldering
    • Assembling and disassembling
    • Painting and coating
    • Others
  • End-user
    • Automotive
    • Electrical and electronics
    • Metal and heavy machinery
    • Food and beverages
    • Others
  • Geography
    • APAC
      • China
      • India
      • Japan
      • South Korea

By Application Insights

The material handling segment is estimated to witness significant growth during the forecast period. In the dynamic industrial landscape of Asia Pacific (APAC), material handling is a prominent application driving the expansion of the industrial robotics market. The thriving manufacturing and e-commerce sectors in this region necessitate efficient automation solutions. Robots, including autonomous mobile robots (AMRs) and robotic manipulators, are increasingly utilized in warehouses and factories for tasks such as picking, packing, and palletizing. E-commerce giants like Alibaba and JD.Com employ order fulfillment robots to streamline their operations. Additionally, automobile manufacturers such as Toyota and Hyundai leverage robotics for assembly line processes. The APAC industrial robotics market is marked by a wave in investments, groundbreaking technologies, and strategic partnerships to cater to the escalating demand for material handling automation.

Industrial Robotics Market in APAC Size

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The material handling segment accounted for USD 6.90 billion in 2018 and showed a gradual increase during the forecast period.

Our market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Driver

The swell in demand for industrial robots is the key driver of the market. The Industrial Robotics market in Asia Pacific has experienced significant growth due to technological advancements and research and development investments. Companies are automating their manufacturing processes using industrial robots to enhance productivity and operational efficiency. These robots offer minimal error margins and improved safety for employees. With increasing competition and the need for greater production capacity, small and medium-sized businesses are turning to industrial robotics.

Labor shortages, particularly in countries like Japan, are further driving the demand for automation solutions. As a result, market players are anticipated to boost their investments in robotics and related technologies to meet the escalating demand. Industrial Robotics encompasses various types of robots such as Collaborative robots, Articulated robots, SCARA robots, and Robot arms, which are increasingly being adopted for material handling applications.

Market Trends

The integration of IoT with robotics is the upcoming trend in the market. The Industrial Robotics Market in the APAC region is experiencing significant growth due to the integration of automation technology in various sectors, including the Automotive and Food Manufacturing industries. The implementation of automation technology, such as collaborative robotics and material handling systems, has revolutionized manufacturing processes. Mechanical machines, reprogrammable for various applications, are increasingly being adopted for their efficiency and precision. companies are offering advanced IoT-enabled articulated robots, providing real-time data on machine performance and enhancing overall productivity. The Food Manufacturing sector is expected to witness notable growth due to the need for hygienic and efficient production processes. In the Automotive sector, the demand for high-precision assembly and painting processes is driving the adoption of industrial robots.

Market Challenge

The lack of skilled workers to operate industrial robots is a key challenge affecting the market growth. Industrial robots have gained significant traction in various industries across Asia Pacific, particularly in sectors such as semiconductors, electronic devices, and manufacturing. These robots are utilized for applications like painting, assembly, welding, palletizing, packaging, and labeling. However, the market expansion is hampered by the shortage of a skilled workforce. Industrial facilities find it challenging to recruit workers with the necessary qualifications and expertise to operate and manage robotic systems. Robotic technology offers enhanced precision and efficiency in industrial processes. Nevertheless, the successful implementation of these advanced solutions necessitates the involvement of skilled labor. The intricacies of data exchange between robots and the production line require a well-trained workforce. Unfortunately, acquiring a competent workforce with the required technical knowledge is a significant hurdle. Consequently, unskilled operators cannot effectively utilize robots, making it a major limitation to their adoption in manufacturing facilities.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Industrial Robotics Market in APAC Share by Geography

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ABB Ltd. - The company offers a comprehensive range of industrial robots under the brand IRB series to help various manufacturers, including automotive manufacturers, improve productivity, product quality, and worker safety.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

  • Aurotek Corp. Inc.
  • Daikin Industries Ltd.
  • DENSO Corp.
  • Durr AG
  • FANUC Corp.
  • General Electric Co.
  • Hans Laser Technology Industry Group Co. Ltd.
  • Kawasaki Heavy Industries Ltd.
  • KUKA AG
  • MIDEA Group Co. Ltd.
  • Mitsubishi Electric Corp.
  • NACHI FUJIKOSHI Corp.
  • OMRON Corp.
  • Panasonic Holdings Corp.
  • Seiko Epson Corp.
  • Stellantis NV
  • Universal Robots AS
  • Yamaha Motor Co. Ltd.
  • Yaskawa Electric Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market is witnessing significant growth due to the increasing adoption of automation technology in various industries. Robots, such as collaborative robots, AI-enabled robots, articulated robots, robot arms, SCARA robots, and cartesian robots, are increasingly being used in sectors like semiconductors, electronic devices, automotive, and food manufacturing. These robots are reprogrammable and offer high-quality products through automation applications. Collaborative robotics, a segment of the industrial robotics market, is gaining popularity due to its ability to work alongside human workers. These robots are equipped with sensors and controllers, enabling them to interact safely with their human counterparts. Material handling is a major application area for industrial robots, with applications ranging from palletizing and packaging and labeling to soldering and welding.

Additionally, other applications include assembly, painting, and dispensing. The microelectronics industry, warehouses, metals industry, and automotive sector are some of the key industries driving the growth of the market. Mobile robots and parallel robots are also gaining traction in various industries due to their flexibility and versatility. Industrial robots are used in various industries for automation applications, including material handling, assembly, and disassembling, painting and dispensing, and soldering and welding. These robots are essential for producing high-quality products efficiently and cost-effectively. Robotic manipulators, equipped with microphones, cameras, and other sensors, are used in various applications, including material handling, automotive manufacturing, and food manufacturing.

Further, the use of these robots is expected to increase in the coming years due to their ability to improve productivity and reduce labor costs. In conclusion, the market is witnessing significant growth due to the increasing adoption of automation technology in various industries. The use of industrial robots, including collaborative robots, AI-enabled robots, and various types of robotic arms, is expected to continue growing in the coming years, driven by the need for high-quality products and efficient production processes.

Market Scope

Report Coverage

Details

Page number

170

Base year

2023

Historic period

2017-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 16.83%

Market growth 2024-2028

USD 26.38 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

14.01

Key companies profiled

ABB Ltd., Aurotek Corp. Inc., Daikin Industries Ltd., DENSO Corp., Durr AG, FANUC Corp., General Electric Co., Hans Laser Technology Industry Group Co. Ltd., Kawasaki Heavy Industries Ltd., KUKA AG, MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., OMRON Corp., Panasonic Holdings Corp., Seiko Epson Corp., Stellantis NV, Universal Robots AS, Yamaha Motor Co. Ltd., and Yaskawa Electric Corp.

Market dynamics

Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
  • Growth of the market across APAC
  • Thorough analysis of the market's competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Executive Summary - Chart on Market Overview
    • Executive Summary - Data Table on Market Overview
    • Executive Summary - Chart on Country Market Characteristics
    • Executive Summary - Chart on Market by Geography
    • Executive Summary - Chart on Market Segmentation by Application
    • Executive Summary - Chart on Market Segmentation by End-user
    • Executive Summary - Chart on Incremental Growth
    • Executive Summary - Data Table on Incremental Growth
    • Executive Summary - Chart on Company Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Parent Market
    • Data Table on - Parent Market
  • 2.2 Market characteristics
    • Market characteristics analysis
  • 2.3 Value chain analysis
    • Value Chain Analysis

3 Market Sizing

  • 3.1 Market definition
    • Offerings of companies included in the market definition
  • 3.2 Market segment analysis
    • Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Data Table on Regional - Market size and forecast 2023-2028 ($ million)
      • Chart on APAC: Year-over-year growth 2023-2028 (%)
      • Data Table on Regional - Market size and forecast 2023-2028 ($ million)

    4 Historic Market Size

    • 4.1 Industrial Robotics Market in APAC 2018 - 2022
      • Historic Market Size - Data Table on Industrial Robotics Market in APAC 2018 - 2022 ($ million)
    • 4.2 Application segment analysis 2018 - 2022
      • Historic Market Size - Application Segment 2018 - 2022 ($ million)
    • 4.3 End-user segment analysis 2018 - 2022
      • Historic Market Size - End-user Segment 2018 - 2022 ($ million)
    • 4.4 Geography segment analysis 2018 - 2022
      • Historic Market Size - Geography Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Bargaining power of buyers - Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Threat of new entrants - Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Threat of substitutes - Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Threat of rivalry - Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Chart on Application - Market share 2023-2028 (%)
      • Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Chart on Comparison by Application
      • Data Table on Comparison by Application
    • 6.3 Material handling - Market size and forecast 2023-2028
      • Chart on Material handling - Market size and forecast 2023-2028 ($ million)
      • Data Table on Material handling - Market size and forecast 2023-2028 ($ million)
      • Chart on Material handling - Year-over-year growth 2023-2028 (%)
      • Data Table on Material handling - Year-over-year growth 2023-2028 (%)
    • 6.4 Welding and soldering - Market size and forecast 2023-2028
      • Chart on Welding and soldering - Market size and forecast 2023-2028 ($ million)
      • Data Table on Welding and soldering - Market size and forecast 2023-2028 ($ million)
      • Chart on Welding and soldering - Year-over-year growth 2023-2028 (%)
      • Data Table on Welding and soldering - Year-over-year growth 2023-2028 (%)
    • 6.5 Assembling and disassembling - Market size and forecast 2023-2028
      • Chart on Assembling and disassembling - Market size and forecast 2023-2028 ($ million)
      • Data Table on Assembling and disassembling - Market size and forecast 2023-2028 ($ million)
      • Chart on Assembling and disassembling - Year-over-year growth 2023-2028 (%)
      • Data Table on Assembling and disassembling - Year-over-year growth 2023-2028 (%)
    • 6.6 Painting and coating - Market size and forecast 2023-2028
      • Chart on Painting and coating - Market size and forecast 2023-2028 ($ million)
      • Data Table on Painting and coating - Market size and forecast 2023-2028 ($ million)
      • Chart on Painting and coating - Year-over-year growth 2023-2028 (%)
      • Data Table on Painting and coating - Year-over-year growth 2023-2028 (%)
    • 6.7 Others - Market size and forecast 2023-2028
      • Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Chart on Others - Year-over-year growth 2023-2028 (%)
      • Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by Application
      • Market opportunity by Application ($ million)
      • Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Chart on End-user - Market share 2023-2028 (%)
      • Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Chart on Comparison by End-user
      • Data Table on Comparison by End-user
    • 7.3 Automotive - Market size and forecast 2023-2028
      • Chart on Automotive - Market size and forecast 2023-2028 ($ million)
      • Data Table on Automotive - Market size and forecast 2023-2028 ($ million)
      • Chart on Automotive - Year-over-year growth 2023-2028 (%)
      • Data Table on Automotive - Year-over-year growth 2023-2028 (%)
    • 7.4 Electrical and electronics - Market size and forecast 2023-2028
      • Chart on Electrical and electronics - Market size and forecast 2023-2028 ($ million)
      • Data Table on Electrical and electronics - Market size and forecast 2023-2028 ($ million)
      • Chart on Electrical and electronics - Year-over-year growth 2023-2028 (%)
      • Data Table on Electrical and electronics - Year-over-year growth 2023-2028 (%)
    • 7.5 Metal and heavy machinery - Market size and forecast 2023-2028
      • Chart on Metal and heavy machinery - Market size and forecast 2023-2028 ($ million)
      • Data Table on Metal and heavy machinery - Market size and forecast 2023-2028 ($ million)
      • Chart on Metal and heavy machinery - Year-over-year growth 2023-2028 (%)
      • Data Table on Metal and heavy machinery - Year-over-year growth 2023-2028 (%)
    • 7.6 Food and beverages - Market size and forecast 2023-2028
      • Chart on Food and beverages - Market size and forecast 2023-2028 ($ million)
      • Data Table on Food and beverages - Market size and forecast 2023-2028 ($ million)
      • Chart on Food and beverages - Year-over-year growth 2023-2028 (%)
      • Data Table on Food and beverages - Year-over-year growth 2023-2028 (%)
    • 7.7 Others - Market size and forecast 2023-2028
      • Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Chart on Others - Year-over-year growth 2023-2028 (%)
      • Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.8 Market opportunity by End-user
      • Market opportunity by End-user ($ million)
      • Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Chart on Market share by geography - 2023-2028 (%)
      • Data Table on Market share by geography - 2023-2028 (%)
    • 9.2 Geographic comparison
      • Chart on Geographic comparison
      • Data Table on Geographic comparison
    • 9.3 China - Market size and forecast 2023-2028
      • Chart on China - Market size and forecast 2023-2028 ($ million)
      • Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Chart on China - Year-over-year growth 2023-2028 (%)
      • Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.4 Japan - Market size and forecast 2023-2028
      • Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.5 South Korea - Market size and forecast 2023-2028
      • Chart on South Korea - Market size and forecast 2023-2028 ($ million)
      • Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
      • Chart on South Korea - Year-over-year growth 2023-2028 (%)
      • Data Table on South Korea - Year-over-year growth 2023-2028 (%)
    • 9.6 India - Market size and forecast 2023-2028
      • Chart on India - Market size and forecast 2023-2028 ($ million)
      • Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Chart on India - Year-over-year growth 2023-2028 (%)
      • Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.7 Rest of APAC - Market size and forecast 2023-2028
      • Chart on Rest of APAC - Market size and forecast 2023-2028 ($ million)
      • Data Table on Rest of APAC - Market size and forecast 2023-2028 ($ million)
      • Chart on Rest of APAC - Year-over-year growth 2023-2028 (%)
      • Data Table on Rest of APAC - Year-over-year growth 2023-2028 (%)
    • 9.8 Market opportunity by geography
      • Market opportunity by geography ($ million)
      • Data Table on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Opportunity/Restraints

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market opportunities/restraints

          11 Competitive Landscape

          • 11.1 Overview
            • 11.2 Competitive Landscape
              • Overview on criticality of inputs and factors of differentiation
            • 11.3 Landscape disruption
              • Overview on factors of disruption
            • 11.4 Industry risks
              • Impact of key risks on business

            12 Competitive Analysis

            • 12.1 Companies profiled
              • Companies covered
            • 12.2 Market positioning of companies
              • Matrix on companies position and classification
            • 12.3 ABB Ltd.
              • ABB Ltd. - Overview
              • ABB Ltd. - Business segments
              • ABB Ltd. - Key news
              • ABB Ltd. - Key offerings
              • ABB Ltd. - Segment focus
            • 12.4 Daikin Industries Ltd.
              • Daikin Industries Ltd. - Overview
              • Daikin Industries Ltd. - Business segments
              • Daikin Industries Ltd. - Key news
              • Daikin Industries Ltd. - Key offerings
              • Daikin Industries Ltd. - Segment focus
            • 12.5 DENSO Corp.
              • DENSO Corp. - Overview
              • DENSO Corp. - Business segments
              • DENSO Corp. - Key news
              • DENSO Corp. - Key offerings
              • DENSO Corp. - Segment focus
            • 12.6 Durr AG
              • Durr AG - Overview
              • Durr AG - Business segments
              • Durr AG - Key offerings
              • Durr AG - Segment focus
            • 12.7 FANUC Corp.
              • FANUC Corp. - Overview
              • FANUC Corp. - Product / Service
              • FANUC Corp. - Key news
              • FANUC Corp. - Key offerings
            • 12.8 General Electric Co.
              • General Electric Co. - Overview
              • General Electric Co. - Business segments
              • General Electric Co. - Key news
              • General Electric Co. - Key offerings
              • General Electric Co. - Segment focus
            • 12.9 Kawasaki Heavy Industries Ltd.
              • Kawasaki Heavy Industries Ltd. - Overview
              • Kawasaki Heavy Industries Ltd. - Business segments
              • Kawasaki Heavy Industries Ltd. - Key offerings
              • Kawasaki Heavy Industries Ltd. - Segment focus
            • 12.10 MIDEA Group Co. Ltd.
              • MIDEA Group Co. Ltd. - Overview
              • MIDEA Group Co. Ltd. - Product / Service
              • MIDEA Group Co. Ltd. - Key news
              • MIDEA Group Co. Ltd. - Key offerings
            • 12.11 Mitsubishi Electric Corp.
              • Mitsubishi Electric Corp. - Overview
              • Mitsubishi Electric Corp. - Business segments
              • Mitsubishi Electric Corp. - Key news
              • Mitsubishi Electric Corp. - Key offerings
              • Mitsubishi Electric Corp. - Segment focus
            • 12.12 NACHI FUJIKOSHI Corp.
              • NACHI FUJIKOSHI Corp. - Overview
              • NACHI FUJIKOSHI Corp. - Business segments
              • NACHI FUJIKOSHI Corp. - Key news
              • NACHI FUJIKOSHI Corp. - Key offerings
              • NACHI FUJIKOSHI Corp. - Segment focus
            • 12.13 OMRON Corp.
              • OMRON Corp. - Overview
              • OMRON Corp. - Business segments
              • OMRON Corp. - Key news
              • OMRON Corp. - Key offerings
              • OMRON Corp. - Segment focus
            • 12.14 Seiko Epson Corp.
              • Seiko Epson Corp. - Overview
              • Seiko Epson Corp. - Business segments
              • Seiko Epson Corp. - Key news
              • Seiko Epson Corp. - Key offerings
              • Seiko Epson Corp. - Segment focus
            • 12.15 Stellantis NV
              • Stellantis NV - Overview
              • Stellantis NV - Business segments
              • Stellantis NV - Key news
              • Stellantis NV - Key offerings
              • Stellantis NV - Segment focus
            • 12.16 Universal Robots AS
              • Universal Robots AS - Overview
              • Universal Robots AS - Product / Service
              • Universal Robots AS - Key offerings
            • 12.17 Yaskawa Electric Corp.
              • Yaskawa Electric Corp. - Overview
              • Yaskawa Electric Corp. - Business segments
              • Yaskawa Electric Corp. - Key news
              • Yaskawa Electric Corp. - Key offerings
              • Yaskawa Electric Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Inclusions checklist
                • Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Currency conversion rates for US$
              • 13.4 Research methodology
                • Research methodology
              • 13.5 Data procurement
                • Information sources
              • 13.6 Data validation
                • Data validation
              • 13.7 Validation techniques employed for market sizing
                • Validation techniques employed for market sizing
              • 13.8 Data synthesis
                • Data synthesis
              • 13.9 360 degree market analysis
                • 360 degree market analysis
              • 13.10 List of abbreviations
                • List of abbreviations

              Research Methodology

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Frequently Asked Questions

              Industrial Roboticsin APAC market growth will increase by $ 26383.5 mn during 2024-2028.

              The Industrial Roboticsin APAC market is expected to grow at a CAGR of 16.83% during 2024-2028.

              Industrial Roboticsin APAC market is segmented by Application( Material handling, Welding and soldering, Assembling and disassembling, Painting and coating, Others) End-user( Automotive, Electrical and electronics, Metal and heavy machinery, Food and beverages, Others)

              ABB Ltd., Aurotek Corp. Inc., Daikin Industries Ltd., DENSO Corp., Durr AG, FANUC Corp., General Electric Co., Hans Laser Technology Industry Group Co. Ltd., Kawasaki Heavy Industries Ltd., KUKA AG, MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., OMRON Corp., Panasonic Holdings Corp., Seiko Epson Corp., Stellantis NV, Universal Robots AS, Yamaha Motor Co. Ltd., Yaskawa Electric Corp. are a few of the key vendors in the Industrial Roboticsin APAC market.

              APAC will register the highest growth rate of 100% among the other regions. Therefore, the Industrial Roboticsin APAC market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.

              China, Japan, South Korea, India, Rest of APAC

              • Surge in demand for industrial robotWith technological advancements and investments in R and D in robotics is the driving factor this market.
              • the industrial robotics market in APAC has witnessed strong demand for various industrial applications. Manufacturers are increasingly automating their day-to-day manual processes by incorporating industrial robots to attain production and operational efficiency. They allow for minimal margins of error and also ensure greater employee safety. Securing sufficient production line capacity is becoming important for small and medium-sized companies. Labor shortages in countries such as Japan will exacerbate the issue. Thus is the driving factor this market.
              • industrial players are expected to increase their investment in technologies such as robots and automation to meet the growing demand. By 2050 is the driving factor this market.
              • the working-age population in the world is expected to decrease significantly is the driving factor this market.
              • especially in countries such as China and Japan. This has triggered an increase in the adoption of industrial robotics in applications such as material handling to reduce the dependency on human workers in operations. The ability of robots to multitask and work within a short time has also increased their demand in industries. There is a rising need for employees who can oversee the whole operation continuously. As lengthy shift times can reduce productivity and efficiency and increase the possibility of faults due to human error is the driving factor this market.
              • industrial players will opt for industrial robots during the forecast period. Countries with a high degree of industrialization is the driving factor this market.
              • such as China is the driving factor this market.
              • and a growing senior population are expected to witness skilled personnel shortages during the forecast period. Many skilled workers are expected to retire during the forecast period. This is expected to affect the workforce of industrial players significantly is the driving factor this market.
              • with rising personnel costs adding to the issue. Industrial robots are being deployed to enhance various applications such as welding and soldering is the driving factor this market.
              • painting is the driving factor this market.
              • assembly and disassembly is the driving factor this market.
              • cutting is the driving factor this market.
              • and milling is the driving factor this market.
              • among others. In end-users is the driving factor this market.
              • the automotive sector is the largest segment in terms of revenue contribution to the global industrial robots market. There is an increased demand for application-specific robots from end-users. Many vendors are developing customized robots to meet market demand and gain a competitive edge over peers. As the demand for application-specific industrial robots increases is the driving factor this market.
              • it is expected to positively impact manufacturers that can launch services to cater to customized requirements and gain a competitive advantage over other competitors. Overall is the driving factor this market.
              • owing to this factor is the driving factor this market.
              • the market in focus is expected to witness significant growth during the forecast period. is the driving factor this market.

              The Industrial Roboticsin APAC market vendors should focus on grabbing business opportunities from the Material handling segment as it accounted for the largest market share in the base year.