Published by Jessica Weisman-Pitts
Posted on January 31, 2022
4 min readLast updated: January 28, 2026
The industrial robots market is set for growth with improved pricing models, despite challenges like high deployment costs and technical know-how.
Adoption of the industrial robots market continues to gain traction among big businesses, while SMEs are slow to take off. There has been a significant deceleration in new R&D initiatives, as COVID-19 induces a refocus on critical organizational activities.
Recovery in automotive industry and sustained momentum from food sector will be key to industrial robots recovery in 2021, finds new edition of the widely cited report on Industrial Robots by Future Market Insights (FMI). According to the study, demand for industrial robots witnessed a deceleration in 2020, however, as economic recovery has commenced, manufacturers can look forward to opportunities to emerge.
The latest edition (2022-2031) of the study builds upon the previous version, recalibrating market estimates for COVID-19 impact. The competitive landscape of the section has also been expanded to include changes in market structure, including M&As, divestures, and new forays.
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“Investment in industrial robots was looking up before COVID-19 crisis. Although a sudden deceleration occurred in 2020, the long-term prospects of the market remain strong,” says an FMI analyst.
Key Takeaways
Prominent Drivers
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Key Restraints
Competitive Landscape
Some of the players profiled in the industrial robots market include Denso Corporation, Kawasaki Heavy Industries, Brenton, LLC, Krones AG, Mitsubishi Electric Corporation, YASKAWA Electric Corporation, KUKA AG, Fanuc Corporation, ABB Limited among others.
December 2019 – Fanuc has delivered collaborative robotics CRX-10iA and CRX-10iA/L (long arm adaptation) that set new standards for reliability, unwavering efficiency, and well-being. The new robots were unveiled by FANUC at the INTERNATIONAL ROBOT EXHIBITION 2019, Dec. 18-21 in Tokyo.
June 2019-The world’s first regular interface for cooperative robotics was made by ABB and Kawasaki as their big projects. In many firms, the normal interface is ready to better fix the shortage of talented laborers.
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March 2020 – The launch of the HC20XP collaborative robot was done by Yaskawa Motoman. The 20 kg payload HC20XP cooperative robot highlights hand-guided preparation for the use of a robot framework and is ideal for applications where robots need to operate comfortably or near humans.
Explore FMI’s Extensive ongoing Coverage on Industrial Automation Domain
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The article discusses the growth and pricing trends in the industrial robots market, as analyzed by Future Market Insights.
Key drivers include recovery in the automotive industry, demand for factory automation, and the rise of e-commerce.
Challenges include high deployment costs, technical know-how, and lack of infrastructure for industrial robots.
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