Industrial Robotic Motors Market Size, Share & Industry Analysis, By Motor Type (DC Motor, AC Motor, Servo Motor, Stepper Motor), By Robot Type (Articulated, Collaborative, Selective compliance assembly robot arm (SCARA), Cartesian, Delta, Dual-arm), By Industry (Automotive, Chemical, Semiconductor) Others and Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Industrial robotic motor refers to the electric machine that converts electrical energy into mechanical energy, to provide motion to robot arms and wheels. The electric energy is powered through a rectifier or battery. Industrial robotic motors generate speed, which helps to provide a solution with the ability to manufacture the products faster, at lower operating costs, and eliminates potentially dangerous human tasks. The primary application of industrial robotic motors is into the automotive industry, owing to its ability to lift high payloads more efficiently than humans.
The emergence of the global industrial robotic motors market is witnessing the high demand over the forecast period, owing to improved output processes and a better work environment. Manufacturers in Europe and the Asia Pacific are focusing on industrial robotic motors, owing to its cutting edge technology and innovations in a large number of manufacturing projects that are in progress.
Key Market Driver -
• Acceptance of robotic automation across industry verticals. • Acceptance of servo robotic motor for close loop operations in automotive industries.
Key Market Restraint -
• Lack of skilled workforce to handle the industrial robots.
Companies are opting for mergers & acquisitions to sustain the reach and maintain their position in the competitive market. For instance, in September 2019, ABB has started the construction of a new robotics factory in shanghai. The company has invested nearly about USD 150 million for the installation. Furthermore, in the same year, Universal Robots launched a heavy-duty payload collaborative robot, UR16e to automate the machinery tasks.
Therefore, the global industrial robotic motors market is anticipated to witness significant growth in the forecast period.
Market Segmentation:
By motor type, the market is segmented into DC motor, AC motor, servo motor, and stepper motor. Based on the robot type, the market is categorized into articulated, collaborative, selective compliant assembly robot arm (SCARA), Cartesian, delta, and dual-arm. Based on industry, the market is segmented into machinery, automotive, chemical, semiconductor, metal & mining, and other (Rubber & Plastics, Food & Beverage, etc.).
From a geographical point of view, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
Key players operating in the global Industrial Robotic Motors market are ABB, Mitsubishi Electric Corporation, Fanuc America Corporation, Yaskawa America, Inc., Nachi – Fujikoshi Corp., Denso Products and Services Americas, Inc., Hitachi Ltd., Comau SpA, Universal Robots, Doosan Robotics Inc. among others.
Regional Analysis:
The industrial robotic motors market in the Asia Pacific is experiencing dominance. Countries such as China, South Korea, and Vietnam have a high density of robotics workers, especially in the automobile, manufacturing, and electronics industry. For instance, in October 2019, Universal Robots has started to help Vietnam based Vinacomin motor industry for its production processes with collaborative robots to improve quality and remain in the competitive robotic motors market.
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Europe and North America are expected to witness steady growth in the forecast period. Countries such as the United States, Norway, Spain, and Germany have demand for industrial robotic motors, owing to the rise in wages of labors. For instance in May 2019, in France, the ford motor manufacturing plant started to imply a self-driven robot nicknamed ‘survival’ that uses light detection and ranging technology to deliver the spare parts by following the assembly lines.
The industrial robotic motors market in the Middle East & Africa and Latin America is recovering from low market growth. Countries such as Brazil, South Africa, and Saudi Arabia are economically improving in manufacturing and automobile industry.
Segmentation
ATTRIBUTE | DETAILS |
By Motor Type |
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By Robot Type |
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By Industry |
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By Geography |
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Key Industry Developments
- May 2019: - Universal robots and Sepro group has signed an agreement for new collaborative robot for plastic industrial automation. Sepro group will integrate the visual control system in collaborative robot.
- January 2019: - Nachi – Fujikoshi Corp. has introduced MZ01, an ultracompact vertically articulated robot with a payload of 1 kg.
- Ongoing
- 2023
- 2019-2022
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