North America Industrial Robotics Market Forecast to 2030
North America Industrial Robotics Market Forecast to 2030 – Regional Analysis – by Types (Articulated, Cartesian, SCARA, Collaborative, Parallel, and Others), Function (Soldering and Welding, Material Handling, Assembling and Disassembling, Painting and Dispensing, Milling, and Cutting and Processing), and Industry (Automotive, Medical and Pharmaceuticals, Electrical and Electronics, Rubber and Plastics, Metal and Machinery, and Food and Agriculture)
$2,100 – $3,500
- Description
- Toplines
- Reasons for Buying
- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
- Reviews (0)
Description
Advancements in Automation and Industry 4.0 Drives North America Industrial Robotics Market
Several governments worldwide have enacted strict automotive emission and fuel economy legislation standards. These standards aim to improve the overall efficiency of vehicles and reduce their carbon footprint. In order to meet the standards in limited time companies are adopting automation in their production lines. Owing to this, the number of active industrial robots worldwide is increasing by ~14% year on year, and automation is creating new types of robots with increased utility and function. Future factories will certainly have machines and humans working side by side to meet consumer demand—a new reality for which business owners should be prepared. This leads to increased production and less human fatigue and reduce overtime hours. Industry 4.0 refers to the present industrial revolution, driven by advancements in robotics, automation, and the Internet of Things (IoT). The growth of industrial IoT and artificial intelligence is likely to significantly impact robots. New maintenance tactics, more autonomous robots, and new collaborative robotics technologies are made possible by Industry 4.0 technology. Industrial robots and Industry 4.0 technologies can help revolutionize companies over the next few years by streamlining machine management and automating operations that were previously done by human hands. Automation solutions enable remote digital connectivity and robot monitoring. The North America industrial robotics market is growing from past decade due to the rise in global automation and the acceptance of industry 4.0 work models.
North America Industrial Robotics Market Overview
The North America industrial robotics market is segmented into the US, Canada, and Mexico. The US holds the largest share of the North America industrial robotics market. The market in North America is expected to grow owing to the factors such as the wide availability of competitors, rising product approvals, growing automotive industry, coupled with an increasing number of industrial procedures and well-established industrial infrastructure.
In North America, both unit and revenue order volumes recorded the highest values in 2022. According to the International Federation of Robotics (IFR), the North America robotics market grew strongly in 2022; in the manufacturing sector, the number of robot installations increased by 12%, reaching 41,624 units. For the automotive industry, various organizations in the US, Canada, and Mexico deployed 20,391 industrial robots in 2022; registering growth of 30% as compared to 2021. Hence, owing to this growth, North America has become the world’s second-largest inventory of industrial robots after China. According to the President of IFR, the US, Canada, and Mexico are key markets for robotic automation, with the automotive sector being the primary user of industrial robots. North America is focused on developing various products related to industrial robotics. For example, Automate, North America’s largest robotics and industrial automation trade expo organized by the Association for Advancing Automation, will return by 2024; this is expected to develop into an annual event. The event will be held on May 6–9, 2024, at McCormick Place in Chicago, and it will return to Detroit by 2025.
In 2022 and 2023, there were continuous exhibits, which led to tremendous interest in Automate. Such events are expected to further boost the popularity of industrial robotics in the region during the forecast period.
North America Industrial Robotics Market Revenue and Forecast to 2030 (US$ Million)
North America Industrial Robotics Market Segmentation
The North America industrial robotics market is segmented into types, function, industry, and country.
Based on types, the North America industrial robotics market is segmented into articulated, cartesian, SCARA, collaborative, parallel, and others. In 2022, the articulated segment registered the largest share in the North America industrial robotics market.
Based on function, the North America industrial robotics market is segmented into soldering and welding, material handling, assembling and disassembling, painting and dispensing, milling, and cutting and processing. In 2022, the soldering and welding segment registered the largest share in the North America industrial robotics market.
Based on industry, the North America industrial robotics market is segmented into automotive, medical and pharmaceuticals, electrical and electronics, rubber and plastics, metal and machinery, and food and agriculture. In 2022, the automotive segment registered the largest share in the North America industrial robotics market.
Based on country, the North America industrial robotics market is segmented into the US, Canada, Mexico. In 2022, the US registered the largest share in the North America industrial robotics market.
ABB Ltd, Comau SpA, Fanuc Corp, Kawasaki Heavy Industries Ltd, Kuka AG, Mitsubishi Electric Corp, Seiko Epson Corp, Staubli International AG, Universal Robots AS, and Yaskawa Electric Corp are some of the leading companies operating in the North America industrial robotics market.
Summary Info
| Industry: | |
|---|---|
| Pricing options: | |
| Geographical coverage: | |
| Year of Publication: |
According to the research team Market research, the North America industrial robotics market was valued at US$ 2,444.77 million in 2022 and is expected to reach US$ 5,286.87 million by 2030, registering a CAGR of 10.1% from 2022 to 2030. Government initiatives and incentives and advancements in automation and industry 4.0 are the critical factors attributed to the North America industrial robotics market expansion.
Governments worldwide are introducing initiatives and incentives to promote industrial automation and robotics adoption. These include tax incentives, subsidies, grants, and funding programs aimed at encouraging businesses to invest and implement robotics and automation technologies. The manufacturing and service action plan includes projects such as autonomous driving, improved air mobility, and the development of integrated technologies that will serve as the foundation for next-generation artificial intelligence and robots. Such government initiatives and incentives are boosting the adoption of industrial robots.
On the contrary, lack of skilled workforce hurdles the growth of North America industrial robotics market.
Based on types, the North America industrial robotics market is segmented into articulated, cartesian, SCARA, collaborative, parallel, and others. The articulated segment held 66.2% share of North America industrial robotics market in 2022, amassing US$ 1,617.43 million. It is projected to garner US$ 3,426.44 million by 2030 to expand at 9.8% CAGR during 2022–2030.
Based on function, the North America industrial robotics market is segmented into soldering and welding, material handling, assembling and disassembling, painting and dispensing, milling, and cutting and processing. The soldering and welding segment held 28.1% share of North America industrial robotics market in 2022, amassing US$ 686.46 million. It is projected to garner US$ 1,480.25 million by 2030 to expand at 10.1% CAGR during 2022–2030.
Based on industry, the North America industrial robotics market is segmented into automotive, medical and pharmaceuticals, electrical and electronics, rubber and plastics, metal and machinery, and food and agriculture. The automotive segment held 58.8% share of North America industrial robotics market in 2022, amassing US$ 1,438.02 million. It is projected to garner US$ 3,425.62 million by 2030 to expand at 11.5% CAGR during 2022–2030.
Based on country, the North America industrial robotics market is segmented into the US, Canada, Mexico. Our regional analysis states that the US captured 71.8% share of North America industrial robotics market in 2022. It was assessed at US$ 1,754.22 million in 2022 and is likely to hit US$ 4,082.74 million by 2030, exhibiting a CAGR of 11.1% during 2022–2030.
Key players operating in the North America industrial robotics market are ABB Ltd, Comau SpA, Fanuc Corp, Kawasaki Heavy Industries Ltd, Kuka AG, Mitsubishi Electric Corp, Seiko Epson Corp, Staubli International AG, Universal Robots AS, and Yaskawa Electric Corp, among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America industrial robotics market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the North America industrial robotics market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the industrial robotics market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
1.3.1 North America Industrial Robotics Market– By Types
1.3.2 North America Industrial Robotics Market– By Function
1.3.3 North America Industrial Robotics Market– By Industry
1.3.4 North America Industrial Robotics Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Industrial Robotics Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Industrial Robotics Market– Key Market Dynamics
5.1 Market Drivers
5.1.1 Advancements in Automation and Industry 4.0
5.1.2 Government Initiatives and Incentives
5.2 Market Restraints
5.2.1 Lack of Skilled Workforce
5.3 Market Opportunities
5.3.1 Second Life for Industrial Robots and ROI
5.4 Future Trends
5.4.1 Sustainability and Green Economy
5.5 Impact Analysis of Drivers and Restraints
6. Industrial Robotics Market– North America Analysis
6.1 North America Industrial Robotics Market Overview
6.2 North America Industrial Robotics Market– Revenue and Forecast to 2030 (US$ Million)
7. North America Industrial Robotics Market Analysis – By Types
7.1 Overview
7.2 North America Industrial Robotics Market, By Types (2022 and 2030)
7.3 Articulated
7.3.1 Overview
7.3.2 Articulated: North America Industrial Robotics Market– Revenue, and Forecast to 2030 (US$ Million)
7.4 Cartesian
7.4.1 Overview
7.4.2 Cartesian: North America Industrial Robotics Market– Revenue, and Forecast to 2030 (US$ Million)
7.5 SCARA
7.5.1 Overview
7.5.2 SCARA: North America Industrial Robotics Market– Revenue, and Forecast to 2030 (US$ Million)
7.6 Collaborative
7.6.1 Overview
7.6.2 Collaborative: North America Industrial Robotics Market– Revenue, and Forecast to 2030 (US$ Million)
7.7 Parallel
7.7.1 Overview
7.7.2 Parallel: North America Industrial Robotics Market– Revenue, and Forecast to 2030 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: North America Industrial Robotics Market– Revenue, and Forecast to 2030 (US$ Million)
8. North America Industrial Robotics Market Analysis – By Function
8.1 Overview
8.2 Industrial Robotics Market, By Function (2022 and 2030)
8.3 Soldering and Welding
8.3.1 Overview
8.3.2 Soldering and Welding: North America Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
8.4 Material Handling
8.4.1 Overview
8.4.2 Material Handling: North America Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
8.5 Assembling and Disassembling
8.5.1 Overview
8.5.2 Assembling and Disassembling: North America Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
8.6 Painting and Dispensing
8.6.1 Overview
8.6.2 Painting and Dispensing: North America Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
8.7 Milling
8.7.1 Overview
8.7.2 Milling: North America Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
8.8 Cutting and Processing
8.8.1 Overview
8.8.2 Cutting and Processing: North America Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
8.9 Others
8.9.1 Others: North America Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
9. North America Industrial Robotics Market Analysis – By Industry
9.1 Overview
9.2 North America Industrial Robotics Market Breakdown, By Industry, 2022 & 2030
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive Market Revenue and Forecast to 2030 (US$ Million)
9.4 Medical and Pharmaceuticals
9.4.1 Overview
9.4.2 Medical and Pharmaceuticals Market Revenue and Forecast to 2030 (US$ Million)
9.5 Electrical and Electronics
9.5.1 Overview
9.5.2 Electrical and Electronics Market Revenue and Forecast to 2030 (US$ Million)
9.6 Rubber and Plastics
9.6.1 Overview
9.6.2 Rubber and Plastics Market Revenue and Forecast to 2030 (US$ Million)
9.7 Metal and Machinery
9.7.1 Overview
9.7.2 Metal and Machinery Market Revenue and Forecast to 2030 (US$ Million)
9.8 Food and Agriculture
9.8.1 Overview
9.8.2 Food and Agriculture Market Revenue and Forecast to 2030 (US$ Million)
9.9 Others
9.9.1 Others Market Revenue and Forecast to 2030 (US$ Million)
10. North America Industrial Robotics Market– Country Analysis
10.1 Overview
10.1.1 North America Industrial Robotics Market Breakdown, by Country
10.1.1.1 US Industrial Robotics Market, Revenue and Forecast to 2030
10.1.1.1.1 US Industrial Robotics Market Breakdown, By Types
10.1.1.1.2 US Industrial Robotics Market Breakdown, By Types
10.1.1.1.3 US Industrial Robotics Market Breakdown, By Function
10.1.1.1.4 US Industrial Robotics Market Breakdown, By Industry
10.1.1.2 Canada Industrial Robotics Market, Revenue and Forecast to 2030
10.1.1.2.1 Canada Industrial Robotics Market Breakdown, By Types
10.1.1.2.2 Canada Industrial Robotics Market Breakdown, By Types
10.1.1.2.3 Canada Industrial Robotics Market Breakdown, By Function
10.1.1.2.4 Canada Industrial Robotics Market Breakdown, By Industry
10.1.1.3 Mexico Industrial Robotics Market, Revenue and Forecast to 2030
10.1.1.3.1 Mexico Industrial Robotics Market Breakdown, By Types
10.1.1.3.2 Mexico Industrial Robotics Market Breakdown, By Types
10.1.1.3.3 Mexico Industrial Robotics Market Breakdown, By Function
10.1.1.3.4 Mexico Industrial Robotics Market Breakdown, By Industry
11. Industry Landscape
11.1 Overview
11.2 Mergers and Acquisitions
11.3 Agreements, Collaborations and Joint Ventures
11.4 New Product Launches
12. Company Profiles
12.1 Kawasaki Heavy Industries Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Yaskawa Electric Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Universal Robots AS
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Comau SpA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Kuka AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Mitsubishi Electric Corp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Seiko Epson Corp
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Fanuc Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 ABB Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Staubli International AG
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About Research Team
13.2 Word Index
LIST OF TABLES
Table 1. North America Industrial Robotics Market– Revenue and Forecast to 2030 (US$ Million)
Table 2. North America Industrial Robotics Market – Volume and Forecast to 2030 (Units)
Table 3. Articulated: North America Industrial Robotics Market – Volume, and Forecast to 2030 (Units)
Table 4. Cartesian: North America Industrial Robotics Market – Volume, and Forecast to 2030 (Units)
Table 5. SCARA: North America Industrial Robotics Market – Volume, and Forecast to 2030 (Units)
Table 6. Collaborative: North America Industrial Robotics Market – Volume, and Forecast to 2030 (Units)
Table 7. Parallel: North America Industrial Robotics Market – Volume, and Forecast to 2030 (Units)
Table 8. Others: North America Industrial Robotics Market – Volume, and Forecast to 2030 (Units)
Table 9. North America Industrial Robotics Market, Revenue and Forecast To 2030 – By Country (US$ Million)
Table 10. US Industrial Robotics Market, Revenue and Forecast to 2030 – By Types (US$ Million)
Table 11. US Industrial Robotics Market, Volume and Forecast to 2030 – By Type (Units)
Table 12. US Industrial Robotics Market, Revenue and Forecast to 2030 – By Function (US$ Million)
Table 13. US Industrial Robotics Market, Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 14. Canada Industrial Robotics Market, Revenue and Forecast to 2030 – By Types (US$ Million)
Table 15. Canada Industrial Robotics Market, Volume and Forecast to 2030 – By Type (Units)
Table 16. Canada Industrial Robotics Market, Revenue and Forecast to 2030 – By Function (US$ Million)
Table 17. Canada Industrial Robotics Market, Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 18. Mexico Industrial Robotics Market, Revenue and Forecast to 2030 – By Types (US$ Million)
Table 19. Mexico Industrial Robotics Market, Volume and Forecast to 2030 – By Type (Units)
Table 20. Mexico Industrial Robotics Market, Revenue and Forecast to 2030 – By Function (US$ Million)
Table 21. Mexico Industrial Robotics Market, Revenue and Forecast to 2030 – By Industry (US$ Million)
Table 22. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Industrial Robotics Market Segmentation
Figure 2. North America Industrial Robotics Market Segmentation – By Country
Figure 3. North America Industrial Robotics Market Overview
Figure 4. Articulated Segment held the Largest Share of North America Industrial Robotics Market
Figure 5. Soldering and Welding Segment held the Largest Share of North America Industrial Robotics Market
Figure 6. Automotive Segment held the Largest Share of North America Industrial Robotics Market
Figure 7. US to Show Great Traction During Forecast Period
Figure 8. North America: PEST Analysis
Figure 9. Expert Opinion
Figure 10. North America Industrial Robotics Market Impact Analysis of Drivers and Restraints
Figure 11. North America Industrial Robotics Market– Revenue and Forecast to 2030 (US$ Million)
Figure 12. North America Industrial Robotics Market Revenue Share, By Types (2022 and 2030)
Figure 13. Articulated: North America Industrial Robotics Market– Revenue, and Forecast to 2030 (US$ Million)
Figure 14. Cartesian: North America Industrial Robotics Market– Revenue, and Forecast to 2030 (US$ Million)
Figure 15. SCARA: North America Industrial Robotics Market– Revenue, and Forecast to 2030 (US$ Million)
Figure 16. Collaborative: North America Industrial Robotics Market– Revenue, and Forecast to 2030 (US$ Million)
Figure 17. Parallel: North America Industrial Robotics Market– Revenue, and Forecast to 2030 (US$ Million)
Figure 18. Others: North America Industrial Robotics Market– Revenue, and Forecast to 2030 (US$ Million)
Figure 19. Industrial Robotics Market Revenue Share, By Function (2022 and 2030)
Figure 20. Soldering and Welding: North America Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
Figure 21. Material Handling: North America Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
Figure 22. Assembling and Disassembling: North America Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
Figure 23. Painting and Dispensing: North America Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
Figure 24. Milling: North America Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
Figure 25. Cutting and Processing: North America Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
Figure 26. Others: North America Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
Figure 27. North America Industrial Robotics Market Breakdown, By Industry (2022 and 2030)
Figure 28. Automotive Market Revenue and Forecast to 2030 (US$ Million)
Figure 29. Medical and Pharmaceuticals Market Revenue and Forecast to 2030 (US$ Million)
Figure 30. Electrical and Electronics Market Revenue and Forecast to 2030 (US$ Million)
Figure 31. Rubber and Plastics Market Revenue and Forecast to 2030 (US$ Million)
Figure 32. Metal and Machinery Market Revenue and Forecast to 2030 (US$ Million)
Figure 33. Food and Agriculture Market Revenue and Forecast to 2030 (US$ Million)
Figure 34. Others Market Revenue and Forecast to 2030 (US$ Million)
Figure 35. North America Industrial Robotics Market, by key Country – Revenue (2022) (US$ Million)
Figure 36. North America Industrial Robotics Market Breakdown, by Country, 2022 & 2030 (%)
Figure 37. US Industrial Robotics Market, Revenue and Forecast to 2030 (US$ Million)
Figure 38. Canada Industrial Robotics Market, Revenue and Forecast to 2030 (US$ Million)
Figure 39. Mexico Industrial Robotics Market, Revenue and Forecast to 2030 (US$ Million)
The List of Companies – North America Industrial Robotics Market
o ABB Ltd
o Comau SpA
o Fanuc Corp
o Kawasaki Heavy Industries Ltd
o Kuka AG
o Mitsubishi Electric Corp
o Seiko Epson Corp
o Staubli International AG
o Universal Robots AS
o Yaskawa Electric Corp
You must be logged in to post a review.
Reviews
There are no reviews yet.