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The industrial robotics services market size is valued to increase by USD 7.47 billion, at a CAGR of 6.59% from 2023 to 2028. Surge in demand for industrial robots will drive the industrial robotics services market.
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The industrial robotics services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" 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 is experiencing continuous growth, particularly in the material handling sector. Demand for robotics services is driven by industrial users seeking to enhance productivity through applications like machine tending, metal tending, packaging, and loading/unloading. Advanced technologies, such as 3D bin picking, machine vision, and collaborative robots, are increasingly being integrated into material handling systems. The automotive industry leads the market due to the need to move heavy payloads efficiently. Robotics system integrators focus on optimizing robot kinematics, trajectory planning, and path optimization for material handling applications.
The integration of AI-powered robotics, force torque sensors, and predictive maintenance robots further enhances system performance. Industrial robot controllers and sensors play a crucial role in ensuring collaborative robot safety and precision. Overall, the market is poised for significant expansion, with a focus on advanced manufacturing systems and flexible manufacturing cells.
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 in APAC continues to evolve, with the region accounting for the largest market share due to significant demand from key sectors such as automotive, F&B, metals, textile, chemicals, and pharmaceuticals in countries like China, Japan, South Korea, Taiwan, and India. APAC's dominance stems from its role in providing system solutions using robots manufactured in Europe and Japan. However, the emergence of local system integrators and manufacturers in APAC is set to reduce reliance on international companies. Additionally, advancements in internet and remote systems technology enable services like remote monitoring, virtual commissioning, and offline programming, contributing to operational efficiency gains and cost reductions.
According to recent reports, the APAC the market is projected to grow at a robust pace, with China alone expected to account for over 60% of the regional market share. This growth is driven by the increasing adoption of automation in various industries to enhance productivity and meet regulatory compliance requirements.
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.
he global industrial robotics market is experiencing rapid evolution as companies increasingly adopt advanced robotic control techniques and AI algorithms for robot path planning to enhance manufacturing precision and operational efficiency. Integration of industrial IoT for robot monitoring, along with sensor data analysis for robot performance optimization, allows manufacturers to predict maintenance needs, reduce downtime, and measure return on investment for robotics initiatives. Leveraging cloud platforms for robot management enables centralized oversight of remote diagnostics and predictive maintenance, providing actionable insights for both high-precision robotic assembly systems and large-scale automation deployments.
Implementing robot vision systems and designing ergonomic human-robot interfaces improves workflow safety and productivity, particularly in environments involving collaborative robots, where strict safety protocols and enhanced safety standards in robotic workcells are critical. Industrial robot programming languages and the application of advanced algorithms for robot control facilitate seamless automation system integration, allowing firms to optimize robot deployment for maximum efficiency and evaluate the cost-effectiveness of robotic automation initiatives. Comparative studies indicate that companies combining predictive maintenance with cloud-enabled monitoring report up to a 20% reduction in unplanned downtime and a 15% improvement in overall production efficiency.
As robotics adoption continues, developing effective maintenance strategies for robots and continuous monitoring of operational performance remain central to sustaining productivity gains. The market is marked by ongoing technological integration, emphasizing safety, precision, and the measurable business impact of automation solutions.
The industrial robotics services 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 industrial robotics services market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Industrial Robotics Services Industry
Companies are implementing various strategies, such as strategic alliances, industrial robotics services market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ABB Ltd. - This company specializes in the development and distribution of innovative sports products, catering to diverse consumer needs and market trends. Through rigorous research and analysis, I identify growth opportunities and emerging trends within the industry, providing valuable insights to stakeholders.
The industry 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 industry 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.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Industrial Robotics Services Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
194 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.59% |
Market growth 2024-2028 |
USD 7465.4 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.07 |
Key countries |
US, China, Japan, Germany, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Industrial Robotics Services Market between 2024 and 2028?
USD 7.47 billion, at a CAGR of 6.59%
What segmentation does the market report cover?
The report is segmented by Application (Material handling, Welding and soldering, Assembly line, and Others), End-user (Healthcare and pharmaceuticals, Automotive, Food and beverages, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)
Which regions are analyzed in the report?
APAC, Europe, North America, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Surge in demand for industrial robots, High cost of services
Who are the major players in the Industrial Robotics Services Market?
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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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
Research Framework
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
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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