Industrial Robotics: Global Market Report 2018-2025 - Rise in Aging Population Resulting in Labor Shortage is Driving the Market
The "Industrial Robotics Market to 2025 - Global Analysis and Forecasts by Types, by Function and Industry" report has been added to ResearchAndMarkets.com's offering.
The market is expected to grow US$ 48,166.9 million by 2025 from US$ 16,847.6 million in 2017. The sales of industrial robotics is largely influenced by numerous factors.
On the basis of types, articulated robots are dominating the global industrial robotics market owing to their varied applications in different industries including automotive. Further, collaborative robots are experiencing the highest CAGR attributed to their high adaptability and low-cost as well as plug and play system type, resulting in high adoption of these robots by SMEs.
Rise in the aging population worldwide which is leading to labor shortage is one of the major factors driving the growth of industrial robotics market. Certain countries such as Japan & Italy are in the list of top two countries of aging population proportion as a huge proportion of their population is above 65 years. Further, increasing demand for accuracy and fast production is influencing the growth trends of the market.
Japan's population comprises of the largest number old citizens worldwide, in 2014, around 25.8% of the country's population was aged 65 years or older, which increased to 26.3% in 2015, and is anticipated to nearly increase to one-third of Japan's population by 2030. The rise in aging population has created a labor shortage problem globally thus, demanding a rise in penetration of industrial automation and robotics.
High capital investment required for initial deployment of industrial robots may arise as a restraining factor in the market, which is limiting the adoption of industrial robots, particularly by SMEs. SMEs find the labor inexpensive than the deployment of industrial robots, especially in the developing countries. Therefore, this factor is one of the major factors that would restrict the market growth.
Key Industry Dynamics
Drivers
Government support for the development and deployment of robotics
Rise in aging population worldwide resulting in labor shortage
Rapid Expansion in Manufacturing Industry
Restraints
High capital required for initial deployment of industrial robots
Human safety concerns
High cost involved in deploying hull cleaning robots
Opportunities
Widespread adoption of industrial automation in diverse industries
Government support for adoption of UAVs in Precision Agriculture
Future Trends
Integration of Artificial Intelligence and Big Data
Impact Analysis of Driver and Restraints
Key Topics Covered:
1 Table of Contents
2 Introduction
3 Key Takeaways
4 Industrial Robotics Market Landscape
5 Global Industrial Robotics Market - Key Industry Dynamics
6 Industrial Robotics Market - Global
7 Global Industrial Robotics Market Analysis - By Types
8 Global Industrial Robotics Market Analysis - By Industry
9 Global Industrial Robotics Market Analysis - By Function
10 Global Industrial Robotics Market - Geographical Analysis
11 Industry Landscape
12 Competitive Landscape
13 Key Company Profiles
ABB Ltd.
Kuka AG
Fanuc Corporation
Toshiba Machine Co. Ltd.
Mitsubishi Electric Corporation
Comau SpA
GE Inspection Robotics
Yaskawa Electric Corporation
Kawasaki Heavy Industries Ltd.
Universal Robots A/S
Nachi-Fujikoshi
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