COVID-19 Impact on Industrial Robotics Market By Type (Articulated, SCARA, Parallel, Cartesian Robots and Others); By Industry (Automotive; Electrical and Electronics; Chemicals, rubber, and plastics; Food & Beverages; Pharmaceuticals and Cosmetics) and Region – Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030 Product Overview Industrial robot is a robot device which is employed in manufacturing. Industrial robots are designed, programmed such as it is free to function on three axes or more. Standard robotic applications involve welding, painting, assembly, disassembly, pick-and-place for integrated circuits, labeling and packaging, stacking pallets, material inspection, and testing. All performed with strong endurance, speed, and precision. Market highlights The covid-19 effect on the market size of industrial robotics is projected to rise from USD 45 billion in 2020 to USD 119 billion by 2030. It is anticipated to expand at a CAGR of 15% over the forecast period of 2020-2030. The 2025 forecast is expected to be down by about 3 percent relative to the pre-COVID-19 prediction. Dearth of qualified labor and government and public-private partnerships offering proposals to reduce the adverse effects of COVID-19 are main driving forces for the industry. Industrial Robotics Market: Segments Articulated robots retain greater market share in the forecast period, post COVID-19. In comparison with other types of industrial robots, articulated robots are in use in a greater range of industries. As their manufacturing processes are highly automated, the automotive sector contributes for the biggest share of articulated robots. Though most companies are affected by the COVID-19 pandemic, during the forecast period, articulated robots are still projected to maintain the largest proportion of the industrial robotics market. Certain robots, such as SCARA and parallel robots, are more complex and specialized than articulated robots, and are not as flexible in terms of payload and scope. Industrial Robotics Market: Market Dynamics Driver Rising demand for collaborative robots Collaborative robots allow human beings and robots to work efficiently together in open or uncaged conditions. By utilizing collaborative robots, it is possible to involve a human operator and robot in the same system together. Technical specifications ISO 10218 and ISO / TS 15066 describe the requirements for the design of collaborative robots. Collaborative robots are built to ensure protection, so that there is no chance of injury and disruption. The absence of cages decreases the space necessary to deploy the robots. Collaborative robots have become more accessible to inexperienced users and are easily manageable. Restraint High deployment costs particularly for small and medium-sized companies A robot automation program can be daunting, especially for businesses with no previous experience. High capital costs are needed not only for the robot purchasing, but also for installation, programming and upkeep. A custom implementation may be required in some cases which further pushes up the total cost. Companies cannot always have the capacity and infrastructure required to deploy the robots. As small and medium-sized enterprises typically engage in low volume production, return on investment (ROI) may pose a problem. COVID 19 Impact on Industrial Robotics Market Due to advent of COVID 19, Demand of the robotics market is expected to collapse in 2020. The relatively large initial costs and the utilization by many end-use sectors of restored industrial robots are anticipated to hinder market growth in the starting years of the forecast period. Indeed, the industry is expected to recover from the pandemic by Q2 / Q3 2022. With the rising labor costs and discomforts for small and local people to move to various parts, the demand of the market is expected to expand then with the start in production. As high costs for hiring and educating employees are there, thus this replaces the company's labor costs. Industrial Robotics Market: Regions Industrial Robotics Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA. Though APAC held the biggest market share in 2019, negative growth is anticipated in 2020. 2018 saw a decline in industrial robots sales in countries such as China due to declining demand from the automotive sector and the impact of the US-China war on trade. The advent of COVID-19 pandemic is projected to have much greater impact on the industry in 2020. Although in 2018 and 2019 industrial robots had entered and sold in developing APAC nations such as India and Taiwan. With the growing demand for electronic goods around the world, the electrical and electronics industries are becoming significant driver for industrial robots in APAC. Components such as computer chips, batteries, and small, sensitive displays need to be treated with high speed and high accuracy. In the industrial robotics industry APAC also houses a large number of international giants. Over the years, the development of industrial robots in Europe remained steady. Industrial robots are not only important for big business in Europe, but also for smaller businesses. Germany continues as Europe's biggest industrial robots market. Government programs and IoT and AI adoption are projected to improve robot sales in the post-COVID 19 years ahead. Nevertheless, because North American and European countries are equally impacted by the COVID-19 pandemic, APAC is still projected to hold the greatest market share over the forecast period. Industrial Robotics Market: Key Players • Mavenir (US) o Company Overview o Business Strategy o Key Product Offerings o Financial Performance o Key Performance Indicators o Risk Analysis o Recent Development o Regional Presence o SWOT Analysis • ABB (Switzerland) • YASKAWA (Japan) • FANUC (Japan) • KUKA (Germany), • Mitsubishi Electric (Japan) • Kawasaki Heavy Industries (Japan) • DENSO (Japan) • NACHI-FUJIKOSHI (Japan) • EPSON (Japan) • Dürr (Germany) • Universal Robots (Denmark) • Omron Adept (US) • b+m Surface Systems (Germany) • Stäubli (Switzerland) • Comau (Italy) • Yamaha (Japan) • Franka Emika (Germany) • CMA Robotics (Italy) • Rethink Robotics (Germany) • Techman Robots (Taiwan) • Precise Automation (US) • Siasun (China) • Other Prominent Players The Industrial Robotics Market report also contains analysis on: • Industrial Robotics Market Segments: • By Type Articulated robots SCARA robots Parallel/delta robots Cartesian/gantry/linear robots Other robots (cylindrical, spherical, swing arm) • By Industry Automotive Electrical and electronics Chemicals, rubber, and plastics Metals and machinery Food & beverages Precision engineering and optics Pharmaceuticals and cosmetics • Industrial Robotics Market Dynamics • Industrial Robotics Market Size • Supply & Demand • Current Trends/Issues/Challenges • Competition & Companies Involved in the Market • Value Chain of the Market • Market Drivers and Restraints
Contents 1. Executive Summary 2. Industrial Robotics 2.1. Industrial Robotics Product Overview 2.2. Market Definition 2.3. Segmentation 2.4. Assumptions and Acronyms 3. Research Methodology 3.1. Research Objectives 3.2. Primary Research 3.3. Secondary Research 3.4. Forecast Model 3.5. Market Size Estimation 4. Average Pricing Analysis 5. Market Dynamics 5.1. Growth Drivers 5.2. Restraints 5.3. Opportunity 5.4. Trends 6. Recent Development, Policies & Regulatory Landscape 7. Risk Analysis 7.1. Demand Risk Analysis 7.2. Supply Risk Analysis 8. Industrial Robotics Industry Analysis 8.1. Porters Five Forces 8.1.1. Threat of New Entrants 8.1.2. Bargaining Power of Suppliers 8.1.3. Threat of Substitutes 8.1.4. Rivalry 8.2. PEST Analysis 8.2.1. Political 8.2.2. Economic 8.2.3. Social 8.2.4. Technological 9. Global Industrial Robotics Market 9.1. Market Size & forecast, 2019A-2030F 9.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 9.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10. Global Industrial Robotics: Market Segmentation 10.1. By Regions 10.1.1. North America: (U.S. and Canada) • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America) • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe) • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific) • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa) • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.2. By Type: Market Share (2020-2030F) 10.2.1. Articulated, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.2.2. SCARA, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.2.3. Cartesian Robots, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.3. By Industry: Market Share (2020-2030F) 10.3.1. Automotive, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.3.2. Food and Beverages, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.3.3. Pharmaceuticals and Cosmetics, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.3.4. Chemicals, Rubber and Plastics, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.3.5. Electrical and Electronics, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 11. Company Profile 11.1. Mavenir (US) 11.1.1. Company Overview 11.1.2. Company Total Revenue (Financials) 11.1.3. Market Potential 11.1.4. Global Presence 11.1.5. Key Performance Indicators 11.1.6. SWOT Analysis 11.1.7. Product Launch 11.2. ABB (Switzerland) 11.3. YASKAWA (Japan) 11.4. FANUC (Japan) 11.5. KUKA (Germany), 11.6. Mitsubishi Electric (Japan) 11.7. Kawasaki Heavy Industries (Japan) 11.8. DENSO (Japan) 11.9. NACHI-FUJIKOSHI (Japan) 11.10. EPSON (Japan) 11.11. Dürr (Germany) 11.12. Universal Robots (Denmark) 11.13. b+m Surface Systems (Germany) 11.14. Stäubli (Switzerland) 11.15. Comau (Italy) 11.16. Yamaha (Japan) 11.17. Franka Emika (Germany) 11.18. CMA Robotics (Italy) 11.19. Rethink Robotics (Germany) 11.20. Techman Robots (Taiwan) 11.21. Precise Automation (US) 12. Consultant Recommendation **The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.