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Asia Pacific is the largest region in the global industrial robots market. It is projected to grow at a CAGR of 12.3% during the forecast period. The global market for industrial robots is projected to grow from USD 16.78 billion in 2022 to USD 41.02 billion by 2030.
The adoption of industrial robots in various industries across Asia Pacific countries such as India, China, Japan, and Korea among others is expected to propel market expansion over the projected period. Also, growth in the automotive industry and manufacturing industry across China, Japan, India, and other countries, is expected to drive the demand for these products. Such factors drive the demand for the growth of the Asia Pacific’s market This robot market is expected to growing with highest Asia Pacific industrial robots market share. Also, in COVID-19 pandemic, the market suffered from loss owing to disruption in supply chain of robots among end users.
According to our analysis, China market with revenue of USD 5.90 billion in 2021 and is projected to reach by 11.53 billion by 2028. Furthermore, Japan comes second in the ranking followed by China. The Japan industrial robots market 2021-2028 in million from USD 1.05 billion in 2021 and is expected to reach USD 2.15 billion by 2028. Also, according to our analysis, the Pacific market by automotive 2021-2028 in million with valued at USD 2,183.3 million in 2021, and 3,590.8 million by 2028.
Our report on the Asia Pacific industrial robots market covers the following countries/regions – China, Japan, India, Southeast Asia, and the rest of Asia Pacific’s market.
Increasing Adoption Among Logistics and E-Commerce Industry to Offer New Growth Opportunities
The growth in e-commerce and logistics sectors across Asia Pacific region is expected to fuel the demand for more industrial robots in industry verticals. For instance, according to India Brand Equity Foundation (IBEF), the e-commerce sector in India grew by 21.5% from 2021 to 2022. Also, growth in the logistics sectors which uplifts the demand for industrial robots for pick & place, and material handling applications, which are expected to witness strong Asia Pacific industrial robots market growth during the forecast period.
Major Players’ Spending on R&D Activities to Accelerate Market Growth
Major players such as Fanuc Corporation, Yaskawa Electric Corporation, Nachi Fujikoshi Corporation, and Mitsubishi Electric Corporation and among others are having strong presence over Asia Pacific for this market. These key players are planning to invest in research & development (R&D) activities for bringing new technological advancements in these robots and also improve the features associated with it. All such instances further contribute to market expansion for the robotics industry.
Huge Capital Investment and Installation Cost to Restrain Market Growth
High capital investment and installation costs associated with industrial robot systems across various end user industries across the Asia Pacific is anticipated to restrain for the growth of the market during the forecast period. An increasing demand of industrial robots from the automotive and food & beverage sectors which incurs more capital investment in the market. This cost is not affordable for small as well as medium business sizes. Hence, these factors are projected to restrain the growth of the market.
In terms of the competitive landscape, Fanuc Corporation, Yaskawa Electric Corporation, and Kawasaki Heavy Industries Ltd are the key players of the Asia Pacific market. These key players are adopting partnerships, acquisitions, products launch, and product development as strategic developments for strengthening their product portfolio and distribution network through diversified locations to increase their share in the Asia Pacific market.
The market report provides qualitative and quantitative insights on the market and a detailed analysis of the Asia Pacific market size & growth rate for all possible segments in the market. Along with the Asia Pacific industrial robots market forecast, the research report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are overview of the number of procedures, an overview of price analysis of types of products, overview of the regulatory scenario by key countries, pipeline analysis, new product launches, key industry developments – mergers, acquisitions & partnerships, and the impact of COVID-19 on the market.
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ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 12.3% from 2023 to 2030 |
Unit | Value (USD Billion), and Volume (Thousand Units) |
Segmentation | By Robot Type
By Application
By Industry
By Country/ Sub-Region
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Growing at a CAGR of 12.3%, the market will exhibit steady growth in the forecast period (2023-2030).
Key players are spending on their research and development costing to bring new technological advancements in their product portfolio are the major factors driving the growth of the market.
Fanuc Corporation, Omron Corporation, and Yaskawa Electric Corporation are the major market players in the Asia Pacific market.
China dominated the market in 2022.
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