Report ID : 10085647 |
Published Date : 21 Mar 2025 |
Report Format : PDF,PPT |
Delivery Timeline :48-72 Business Hours
Industrial Robots for Metal Market Scope Report
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~40% |
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Base Year Market Size (2022) |
~ USD XX.X Million |
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Forecast Year Market Size (2033) |
~ USD XX.X Million |
Global Industrial Robots for Metal Market Highlights Over 2023 - 2033
The global industrial robots for metal market is estimated to garner a notable by the end of 2033 by growing at a CAGR of ~40% over the forecast period, i.e., 2023 – 2033. Further, the market generated a significant revenue in the year 2022. The growth of the market can be attributed to the increasing need for the reduction of the occurrence of accidents at work. As per the International Labour Organization, there are nearly 160 Million victims of work-related illnesses and 340 Million occupational accidents annually.
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An industrial robot is one that has been designed to automate intensive production tasks, such as those required by a constantly moving assembly line. They are placed in fixed positions within an industrial plant as large, heavy robots, and all other worker tasks and processes revolve around them. There are majorly three types of industrial robots that are used for the metal industry, such as SCARA, articulated, and cartesian. They are performing the tasks faster as compared to humans as they are specifically programmed to complete them with high accuracy. Therefore, rising investment in robots is expected to increase the growth of the global industrial robots for metal market. For instance, there has been more 4,20,000 units industrial robots sold in the year 2018.
Global Industrial Robots for Metal Market: Growth Drivers and Challenges
Growth Drivers
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Evolution of 4.0 Industry– The Industry 4.0 is the digital transformation of production and related industries. Moreover, it improves the efficiency of the organizations with the reduction in the cost. Hence, it is anticipated to boost the growth of the global industrial robots for metal market. The digital transformation spending across the globe has reached more than USD 1 Trillion in the year 2020
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Growing Metal Industry– According to the India Brand Equity Foundation, there are nearly 878 steel plants producing crude steel in the financial year 2020.
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Surging Integration of Artificial Intelligence– More than 35 per cent of organizations around the globe are using artificial intelligence in their operations.
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Increasing Adoption of 5G Technology – There are more than 200 Million 5G subscribers across the globe
Challenges
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Lack of Professional Workers
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High Cost for the Installation of Robots
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High Dependency on Traditional Methods
The global industrial robots for metal market is segmented and analyzed for demand and supply by application into assembling, & disassembling, material handling, cutting & milling, dispensing & painting, and others. Out of these, the material handling segment is anticipated to hold the largest share over the forecast period owing to the increasing metal toxicity that is harmful to the workers, and the rising demand for robots to decrease accidents and maintain worker safety. As per the World Health Organization, nearly 2 Million people lost their lives in the year 2019 owing to lead exposure.
Global Industrial Robots for Metal Market Regional Synopsis
Regionally, the global industrial robots for metal market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific region is projected to hold the largest market share by the end of 2033 on the back of increase in the demand for metals followed by the growing disposable household income, and a rising population. Moreover, growing inclination towards artificial intelligence & automation is expected to further drive the growth of the market in the region. According to the International Federation of Robotics, China’s sales have increased between 15 and 20 per cent on average per year for industrial robots.
Market Segmentation
Our in-depth analysis of the global industrial robots for metal market includes the following segments:
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By Application |
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By Product Type |
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Key Companies Dominating the Global Industrial Robots for Metal Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global industrial robots for metal market that are included in our report are KUKA AG, Denso Products and Services Americas, Inc., Precision Automation Company, Inc., Comau S.p.A., Rethink Robotics GmbH, NEURA Robotics GmbH, MABI Robotic AG, FANUC CORPORATION, AUBO ROBOTICS TECHNOLOGY CO., LTD, K2 Kinetics, and others.
Global Industrial Robots for Metal Market: Latest Developments
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July, 2022: Comau S.p.A. announced the release of its new RACER-5 SENSITIVE ENVIRONMENTS for harsh environments with a high risk of contamination found in the electronics, pharmaceutical and cosmetics, and food and beverage industries.
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August, 2022: KUKA AG has announced the release of the new LBR iisy cobot, which can be integrated into any manufacturing application ranging from pre-defined production processes to open unstructured work environments.
Key Reasons to Buy Our Report
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The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
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We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
