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The industrial robotics services market size is forecast to increase by USD 7.47 billion at a CAGR of 6.59% between 2023 and 2028. The market is experiencing significant growth, driven by surging demand for automation in various industries. This trend is fueled by the increasing need for efficiency, productivity, and cost savings. Technological innovations, such as artificial intelligence, machine learning, and advanced sensors, are revolutionizing industrial robotics services, enabling more precise and adaptive automation solutions. However, the high cost of these services remains a challenge for small and medium-sized enterprises, limiting their adoption. Despite this, the market is expected to continue its upward trajectory, as the benefits of industrial robotics become increasingly apparent to businesses seeking to remain competitive in today's global economy.
The market encompasses the use of advanced technologies such as collaborative robots and AI-enabled robots in various industries. These robots are integral to addressing climate change through manufacturing processes by optimizing energy usage and reducing labor wages. Hardware components like robot arms and end effectors are essential parts of these robots, while vision systems enable precise automation. Collaborative robots, or cobots, are increasingly popular due to their ability to work alongside human operators in shared workspaces. Safety features are crucial in these scenarios, with traditional safety barriers giving way to dedicated robot zones. Industrial robots, including manipulators and actuators, continue to dominate professional use in large-scale manufacturing.
Moreover, the integration of IoT-based devices and automation in service robots is expanding their application to personal use, such as medical robots. Artificial Intelligence (AI) plays a significant role in enhancing the capabilities of these robots, enabling them to learn and adapt to new environments. In conclusion, the market is experiencing significant growth due to the increasing demand for automation, energy efficiency, and advanced capabilities in various industries.
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.
The material handling segment is estimated to witness significant growth during the forecast period. The market refers to the provision of robotic solutions and related services to various industries, primarily utilizing industrial robots. These robots are integral to manufacturing processes, material handling, and machine tending in sectors such as metals & machinery, machinery industries, pharmaceuticals, and medical. Initial capital expenditure for implementing industrial robotics can be substantial, but the integration of IoT-based devices and advanced technologies like Manipulator robots, Parallel robots, and robot arms, can significantly enhance productivity and reduce labor wages for loading and unloading, packaging, and logistics tasks. Maintenance and programming are essential aspects of the production value chain, ensuring the optimal performance of these machines.
Moreover, material handling robots, including those used in minimally invasive surgeries, have revolutionized the medical sector. The production workflows in industries like retail and residential sectors are also benefiting from the adoption of robotic solutions. With advancements in payload-carrying capacity and payload production, the market for industrial robotics continues to grow, offering solutions for manufacturing, material handling, and logistics applications.
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The material handling segment was valued at USD 6.95 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market refers to the provision of robotic solutions and related services to various industries, primarily utilizing industrial robots. These robots are integral to manufacturing processes, material handling, and machine tending in sectors such as metals & machinery, machinery industries, pharmaceuticals, and medical. Initial capital expenditure for implementing industrial robotics can be substantial, but the integration of IoT-based devices and advanced technologies like Manipulator robots, Parallel robots, and robot arms, can significantly enhance productivity and reduce labor wages for loading and unloading, packaging, and logistics tasks. Maintenance and programming are essential aspects of the production value chain, ensuring the optimal performance of these machines.
Moreover, material handling robots, including those used in minimally invasive surgeries, have revolutionized the medical sector. The production workflows in industries like retail and residential sectors are also benefiting from the adoption of robotic solutions. With advancements in payload-carrying capacity and payload production, the market for industrial robotics continues to grow, offering solutions for manufacturing, material handling, and logistics applications.
Our 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.
A surge in demand for industrial robots is the key driver of the market. The market has experienced significant growth due to technological advancements and investments in Research and Development (R&D) in robotics. Industrial applications, particularly in sectors like Rubber & Plastic, have witnessed demand for automation solutions. Industrial robots, including Scara robots and Spherical robots, offer numerous benefits such as increased speed, improved safety features, and enhanced productivity. These machines minimize errors and ensure greater employee safety, making them indispensable in modern manufacturing processes. As production line capacity becomes increasingly scarce for small and medium-sized enterprises, the need for automation becomes more pressing. Labor shortages in countries like Japan further complicate matters.
To meet the growing demand, companies are anticipated to boost their investments in technologies such as service robots, unmanned vehicles, and vision systems. Smart manufacturing and supply chain processes are also being revolutionized by industrial robotics. Traditional safety barriers are being replaced with advanced safety features, such as teach pendants and workbench integration. The integration of these technologies not only increases efficiency but also addresses the issue of workforce skills shortages. Industrial robotics are also making strides in sectors like transportation & logistics, where they are being used to optimize processes and improve overall productivity. The integration of these machines in workspaces requires a high level of expertise for troubleshooting and maintenance.
Thus, the demand for skilled workforce in this field is expected to grow. In conclusion, the market is poised for continued growth as technological advancements drive the automation of various industries. The integration of these machines in workspaces offers numerous benefits, including increased speed, improved safety, and optimized workflows. The demand for skilled workforce to maintain and troubleshoot these machines is also on the rise.
The technological innovations in industrial robotics services is the upcoming trend in the market. In the realm of industrial robotics, system integrators are spearheading advancements by leveraging technological innovations such as the Internet of Things (IoT) and software platforms. These solutions are predominantly utilized in the commissioning and programming of robots, particularly in the rubber & plastic industry. Notable trends, including virtual commissioning and offline programming, are anticipated to flourish during the forecast period.
Similarly, safety remains a paramount concern in industrial robotics. Traditional safety barriers are being augmented with advanced safety features, such as teach pendants, vision systems, and wall-mounted controls. These features ensure a safer work environment for the skilled workforce. Smart manufacturing processes are increasingly relying on industrial robots for their speed and precision. SCARA robots and service robots are popular choices for transportation & logistics and workbench applications. Unmanned vehicles and vision systems are also being integrated into these processes to optimize supply chain operations. Technological advancements continue to shape the market. Spherical robots and workforce skills development are emerging areas of focus. Troubleshooting and maintenance are critical aspects of industrial robotics, and companies are investing in advanced diagnostic tools to streamline these processes.
The high cost of services is a key challenge affecting the market growth. In the market, companies must focus on minimizing time and financial losses for end-users during the deployment of robots, particularly in sectors like rubber and plastic. The integration process encompasses contract signing, competitive bidding, and evaluations, necessitating substantial investment in system engineering. To streamline this process, integrators offer software packages for programming and seamless robot integration. Safety is paramount in industrial robotics, with safety features becoming increasingly essential. SCARA and spherical robots are widely used, requiring a skilled workforce for installation and troubleshooting. Smart manufacturing and unmanned vehicles are gaining popularity, necessitating vision systems and teach pendants for effective operation.
However, technological advancements have led to the development of wall-mounted and workbench-mounted systems, enhancing workspace utilization. Traditional safety barriers continue to play a crucial role, while transportation and logistics processes require efficient integration for optimal productivity. Speed is a significant factor, with companies striving to provide quick and accurate solutions. Workforce skills are essential, with ongoing training necessary to keep up with technological advancements. Vision systems and teach pendants facilitate easy programming and integration, while troubleshooting capabilities ensure minimal downtime. In conclusion, the market is characterized by a focus on safety, efficiency, and skilled workforce. companies must invest in system engineering and offer software solutions to simplify the integration process. Technological advancements continue to shape the market, with a growing emphasis on smart manufacturing, unmanned vehicles, and vision systems.
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.
Customer Landscape
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 industrial robotics services such as a 6-axis articulated robot IRB 1010 for use in material handling, machine tending, spot welding, arc welding, cutting, assembling, testing, inspecting, dispensing, grinding, and polishing applications.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
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.
The market is witnessing significant growth due to the increasing adoption of automation in various industries. The integration of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT) is driving the market forward. Key players in the market offer services including installation, integration, maintenance, and repair of industrial robotic systems. These services ensure optimal performance and longevity of the robotic systems. The market is segmented based on application, industry, and region. The automotive industry is a major contributor to the market due to the high demand for automation in manufacturing processes.
In conclusion, other industries such as electronics, food and beverage, and healthcare are also adopting industrial robotics services to enhance productivity and reduce labor costs. The market is expected to grow at a steady pace due to the increasing focus on automation and digitalization in industries. Additionally, the rising demand for customized and flexible robotic solutions is also fueling market growth. The market is competitive, with several key players offering similar services. However, companies that can provide innovative solutions and excellent customer service are likely to gain a competitive edge. In conclusion, the market is witnessing significant growth due to the increasing adoption of automation and advanced technologies in various industries. The market is expected to continue growing at a steady pace in the coming years.
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Market Scope |
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Report Coverage |
Details |
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Page number |
194 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.59% |
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Market growth 2024-2028 |
USD 7.46 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.07 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 39% |
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Key countries |
US, China, Japan, Germany, and South Korea |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., Carl Cloos Schweisstechnik GmbH, Daihen Corp., DENSO Corp., Durr AG, FANUC Corp., General Electric Co., Hans Laser Technology Industry Group Co. Ltd., Jenoptik AG, Kawasaki Heavy Industries Ltd., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., OMRON Corp., Panasonic Holdings Corp., Seiko Epson Corp., Staubli International AG, Teradyne Inc., Universal Robots AS, and Yaskawa Electric Corp. |
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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 |
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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. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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