Dublin, Oct. 17, 2023 (GLOBE NEWSWIRE) -- The "Industrial Robotic Arms - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Industrial Robotic Arms estimated at US$17 Billion in the year 2022, is projected to reach a revised size of US$38.4 Billion by 2030, growing at a CAGR of 10.8% over the analysis period 2022-2030.
Automotive, one of the segments analyzed in the report, is projected to record 10.8% CAGR and reach US$11.9 Billion by the end of the analysis period. Growth in the Electrical / Electronics segment is estimated at 11.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 12.5% CAGR
The Industrial Robotic Arms market in the U.S. is estimated at US$2.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$12.6 Billion by the year 2030 trailing a CAGR of 12.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8% and 8.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.4% CAGR.
Select Competitors (Total 102 Featured)
- ABB Ltd.
- DENSO Corporation
- Dobot.cc
- Fanuc Corporation
- Flexiv Robotics Inc.
- Gridbots Technologies Private Limited
- Kawasaki Heavy Industries, Ltd.
- KUKA Robotics Corporation
- Mitsubishi Electric Corporation
- NACHI-FUJIKOSHI CORP.
- OMRON Corporation
- Epson America, Inc.
- Universal Robots A/S
- Yaskawa Europe GmbH
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Established Use Case Across Diverse End-Use Sectors Bodes Well
- Growing Concerns for Increasing Productivity and Ensuring Workers Safety Fuel Demand for Industrial Robotic Arms
- Continued Emphasis on Automation Widens Business Prospects
- Robotics End of Arm Tools Witnesses Increased Demand
- Ongoing Shift Towards Industry 4.0 to Drive Next Wave of Growth
- Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
- IoT & Artificial Intelligence to Widen the Capabilities of Robotic Arm
- Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
- Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2022 and 2025
- Shortage of Skilled Workers & Aging Workforce Underpin Uptake Volumes
- Age Dependency Ratio in Select Countries (2010, 2020 & 2030): Percentage of Dependent People Per 100 Working Age Population
- Automotive Sector: Dominant Consumer of Robotic Arms
- World Automobile Production in Million Units: 2008-2022
- Increasing Acceptance of Electric Vehicles Foster Growth for Industrial Robot Manufacturing Companies
- High Growth Opportunities Identified in Food & Beverage Sector
- Global Sales of Processed Foods in US$ Billion for Years 2014, 2016, 2018 and 2020
- Automated Systems Gain Traction in Electrical & Electronics Production Units
- Market to Gain from Growing Relevance in Healthcare and Pharmaceuticals Sector
- Robotic Arms Step In to Resolve Critical Handling Needs
- Effort to Resolve Prevailing Issues & Challenges Critical for Future Success of Rehabilitation Exoskeleton Robots
- E-Commerce Widens the Opportunities for Robotic Arms
- Global e-Commerce Sales as Percentage of Total Retail Sales (2015-2021)
- Use of Industrial Robots in Agriculture Witnesses a Surge
- Advancements in Industrial Robotics to Influence Future Prospects
- Meca500 - The World's Most Compact and Smallest Industrial Robots
- The SCARA
- A Look Into Major Trends in the Robotic EOAT Marketspace
- Resolving the Prevailing Challenges: Critical for Future Success
- COLDArm, an Innovative Robotic Arm Tested by NASA for Working in Extreme Cold Environments (2022)
- Introduction of Innovative Technologies Propel Demand for Industrial Robotic Arms
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/78co0
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