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Industrial Robot Market Sales to Surpass US$25 Billion by 2033, Driven by Healthcare Adoption | Future Market Insights, Inc.

(Associate Vice President at Future Market Insights, Inc.)

Key Takeaways from the Industrial Robot Market Report:

In 2022, the global market size stood at US$ 4,494.60 million.The parallel robots segment captured 23.2% of market shares in 2023.The automotive segment occupied 39.5% of market shares in 2023.The market size in India is likely to rise at a 17.30% CAGR through 2033.The market size in Germany is expected to surge at a 10% CAGR through 2033.The market size in Japan is likely to flourish at a 16% CAGR through 2033.

Country-wise Insights of Industrial Robot Market (2023-2033):

Countries

Value CAGR (2023 to 2033)

Canada Industrial Robot Market Size

16.30 %

Germany Industrial Robot Market Share

10 %

Japan Industrial Robot Market

16 %

Indian Industrial Robot Market

17.30 %

China Industrial Robot Market Outlook

10.10 %

 

Gain valuable insights into global, regional, and country-level parameters with growth opportunities, historical data (2018-2022), and forecasts (2023-2033). Order this report now!

Competitive Landscape

Various sectors, from manufacturing to automotive and logistics, aim to automate repetitive and labor-intensive processes to improve operational efficiency and compete in a worldwide market.

Smart factories increasingly employ robots for data collecting, monitoring, and real-time decision-making.

Recent Developments Observed by FMI:

Svaya Robotics, a startup business, developed India's first collaborative robot in February 2023 and showcased its product offerings at the current IMTEX expo in Bengaluru, India.Yaskawa Company of Japan released an industrial robot with artificial intelligence in April 2023 that determines the color and form of products and moves them to their proper spot.

Comprehensive Research Methodology of Industrial Robot Market Available here!

About the Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore FMI's Extensive Coverage in the Industrial Automation Domain:

 Global demand for collaborative robots is expected to achieve a 25.1% CAGR, with market revenue projected to reach $2.2 billion in 2023 and increase to $20.5 billion by 2033.The global machine tool touch probe market is expected to reach a revenue of $637.30 million in 2023, with providers anticipating a 3.5% average CAGR through 2033, resulting in a projected value of $659.61 million by 2033.The medium voltage transformer market is expected to be valued at $12,286.50 million in 2023 and is projected to reach $19,080.56 million by 2033, with a 4.50% CAGR from 2023 to 2033.The die bonder equipment market is experiencing robust growth, with an estimated value of $4,415.3 million in 2023. Sales of die bonder equipment are poised to exceed $6,726.7 million by 2033, driven by an expected 4.3% CAGR from 2023 to 2033.The industrial robotic motors market is projected to reach $1.2 billion in 2023 and is anticipated to grow at a 14% CAGR from 2023 to 2033, reaching $4.6 billion by 2033.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI's latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.

Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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