Dublin, July 08, 2024 (GLOBE NEWSWIRE) -- The "Heavy Duty Industrial Robots - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Heavy Duty Industrial Robots was valued at an estimated US$10.0 Billion in 2023 and is projected to reach US$19.2 Billion by 2030, growing at a CAGR of 9.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The integration of AI and machine learning is transforming how the heavy duty industrial robots operate, making them more adaptable and efficient. AI enhances their decision-making capabilities, allows for predictive maintenance, and optimizes motion planning, which leads to improved productivity and reduced downtime. Another significant trend is the rise of collaborative robots, or cobots, designed to work alongside human workers safely. These cobots are smaller, easier to program, and equipped with advanced safety features, making them ideal for tasks requiring human-robot collaboration. This trend opens new opportunities for automation in smaller businesses and sectors previously reliant on manual labor.
Additionally, there is a growing focus on sustainability, with manufacturers developing energy-efficient robots and incorporating renewable energy sources and recycled materials into their designs. This sustainability focus not only helps in reducing environmental impact but also aligns with global efforts towards greener industrial practices. The evolving technological landscape and increasing emphasis on safety and sustainability are driving significant innovations and growth in the heavy duty industrial robots market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Automotive Application segment, which is expected to reach US$6.2 Billion by 2030 with a CAGR of a 11.2%. The Electrical / Electronics Application segment is also set to grow at 9.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.7 Billion in 2023, and China, forecasted to grow at an impressive 15.4% CAGR to reach $4.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Heavy Duty Industrial Robots Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., DENSO Products and Services Americas, Inc., Doosan Robotics, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $10 Billion |
| Forecasted Market Value (USD) by 2030 | $19.2 Billion |
| Compound Annual Growth Rate | 9.8% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- Global Economic Update
- Heavy Duty Industrial Robots - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Increasing Demand for Efficiency and Productivity Spurs Growth in Heavy Duty Industrial Robots
- Integration of AI and Machine Learning Expands Addressable Market Opportunity for Smart Robotics
- Emphasis on Workplace Safety Strengthens Business Case for Heavy Duty Robots
- Rising Adoption of Collaborative Robots (Cobots) Generates Demand for Versatile Automation Solutions
- Enhanced Sensing and Vision Systems Propel Growth in Precision Robotics
- IoT Integration in Industrial Robotics Drives Market Expansion
- Increasing Focus on Sustainability Expands Market Opportunities for Eco-Friendly Robotics Solutions
- Rising Incidence of Industrial Accidents Fuels Significance of Safety-Driven Demand for Robots
- Technological Integration in Smart Factories Drives Adoption of Heavy Duty Industrial Robots
- Increasing Investment in Industrial Automation Strengthens Market Growth
- Expansion of Robotics in Emerging Markets Drives Global Market Growth
- Development of Cost-Effective Robotic Solutions Generates Market Opportunities
- Advancements in Robotic End-of-Arm Tooling (EOAT) Strengthens Business Case for Versatile Robots
- Increasing Use of Heavy Duty Robots in Metal and Mining Industries Spurs Market Growth
- Advances in Battery Technology for Mobile Robots Propel Growth in Autonomous Industrial Solutions
- Adoption of Robotics in Construction Industry Generates Demand for Heavy Duty Robotic Systems
- Growth in E-Commerce and Warehousing Expands Addressable Market for Heavy Duty Material Handling Robots
FOCUS ON SELECT PLAYERS (Total 43 Featured)
- ABB Ltd.
- DENSO Products and Services Americas, Inc.
- Doosan Robotics
- FANUC America Corporation
- FANUC UK Ltd.
- Kawasaki Robotics
- KUKA AG
- Mitsubishi Electric Automation, Inc. (MEAU)
- Nachi-Fujikoshi Corporation
- Seiko Epson Corporation
- Shanghai Chaifu Robotics Co., Ltd.
- Shenzhen Yuejiang Technology Co. Ltd
- Universal Robots A/S
- Yaskawa America, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/y634fv
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