Dublin, Dec. 18, 2020 (GLOBE NEWSWIRE) -- The "COVID-19 Impact on Industrial Robotics - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.

Global Industrial Robotics market accounted for $39.64 billion in 2019 and is expected to reach $101.72 billion by 2027 growing at a CAGR of 12.5% during the forecast period.

Some of the key factors propelling the market growth include Dearth of skilled labor and solicitation of proposals by governments, public-private companies to mitigate the adverse impact of COVID-19, increasing investments for innovations and automation in industries. However, high installation cost of industrial robots, especially for small and medium-sized enterprises is likely to hamper the market.

An industrial robot is a robot system used in manufacturing industries. These are automated, programmable and capable of movement on three or more axis. In simple terms, it is described as a programmable, mechanical device used in place of a person to perform dangerous or repetitive tasks with a high degree of accuracy. They are designed specifically for different applications such as welding, painting, assembly, pick and place for printed circuit boards, packaging and labeling, palletizing, product inspection, and testing in manufacturing industries.

By end user, automotive segment is anticipated to grow at the significant rate during the forecast period. The automotive industry continues to use industrial robots in their assembly line. The industry has seen the most extensive use for robots in manufacturing and assembling components such as engines, chassis, axles, and brakes. The automotive industry is one of the largest users of industrial robots; however, the market is expected to be severely affected due to the COVID-19 pandemic. The pandemic has hindered production and significantly reduced consumer demand. Due to this, vehicle manufacturers are expected to reduce their investments in automation, affecting the market for industrial robots.

On the basis of geography, APAC is projected to have considerable market growth during the forecast period, owing to decrease in the sales of industrial robots in countries like China due to the falling demand from the automotive sector and the effects of the US-China trade war. The automotive and electrical & electronics industries are the most important drivers for traditional industrial robots in APAC. Although China is expected to witness a decline in growth from 2020 onwards, due to trade restrictions and the COVID-19 pandemic, it is still likely to remain a significant market in APAC.

Some of the key players in the Industrial Robotics Market include FANUC, KUKA, Omron Adept, Doosan Robotics, ABB Group, Yaskawa Electric Corporation, Durr AG, Cyberdyne, Stryker, Kawasaki Heavy Industries Ltd., Mitsubishi Electric Corporation, B+M Surface Systems, Bosch Group, General Electric, Northrop Grumman, Denso Corporation, Nachi-Fujikoshi Corp., Seiko Epson Corporation, Panasonic Corporation, and Yamaha Motor Co., Ltd.

What the Report offers:

Key Topics Covered:

1 Executive Summary

2 Preface2.1 Abstract 2.2 Stake Holders 2.3 Research Scope 2.4 Research Methodology 2.5 Research Sources

3 Market Trend Analysis3.1 Introduction 3.2 Drivers 3.3 Restraints 3.4 Opportunities 3.5 Threats 3.6 End User Analysis 3.7 Emerging Markets 3.8 Impact of Covid-19

4 Porters Five Force Analysis4.1 Bargaining power of suppliers 4.2 Bargaining power of buyers 4.3 Threat of substitutes 4.4 Threat of new entrants 4.5 Competitive rivalry

5 Global COVID-19 Impact on Industrial Robotics Market, By Type5.1 Introduction 5.2 Traditional Industrial Robots 5.2.1 Parallel/Delta Robots 5.2.2 Cartesian/Gantry/Linear Robots 5.2.3 Articulated Robots 5.2.4 SCARA Robots 5.3 Vacuum Robotics 5.4 Laser Processing Robotics 5.5 Automated Guided Vehicles (AGVs) 5.6 Collaborative Robots 5.7 Other Robots 5.7.1 Swing Arm 5.7.2 Cylindrical 5.7.3 Spherical

6 Global COVID-19 Impact on Industrial Robotics Market, By Function6.1 Introduction 6.2 Material Handling 6.3 Cutting and Processing 6.4 Assembling & Disassembling 6.5 Painting & Dispensing 6.6 Soldering & Welding 6.7 Milling & Grinding

7 Global COVID-19 Impact on Industrial Robotics Market, By Configuration7.1 Introduction 7.2 Mobile Robots 7.3 Mounted Robots

8 Global COVID-19 Impact on Industrial Robotics Market, By Payload8.1 Introduction 8.2 0-20 KG 8.3 20-80 KG 8.4 80-300 KG 8.5 300-1000 KG 8.6 1000-3000 KG

9 Global COVID-19 Impact on Industrial Robotics Market, By Component9.1 Introduction 9.2 End Effector 9.3 Drive 9.4 Sensors 9.5 Power Supply 9.6 Motors 9.7 Robot Controller Unit 9.8 Robotic Arm

10 Global COVID-19 Impact on Industrial Robotics Market, By End User10.1 Introduction 10.2 Precision Engineering and Optics 10.3 Pharmaceuticals and Cosmetics 10.4 Automotive 10.5 Electrical and Electronics 10.6 Metals and Machinery 10.7 Chemicals, Rubber, and Plastics 10.8 Food & Beverages 10.9 Construction 10.10 Home Appliances 10.11 Agriculture

11 Global COVID-19 Impact on Industrial Robotics Market, By Subsystem11.1 Introduction 11.2 Software 11.3 Robot Machines 11.4 Peripherals & System Engineering

12 Global COVID-19 Impact on Industrial Robotics Market, By Geography12.1 Introduction 12.2 North America 12.2.1 US 12.2.2 Canada 12.2.3 Mexico 12.3 Europe 12.3.1 Germany 12.3.2 UK 12.3.3 Italy 12.3.4 France 12.3.5 Spain 12.3.6 Rest of Europe 12.4 Asia Pacific 12.4.1 Japan 12.4.2 China 12.4.3 India 12.4.4 Australia 12.4.5 New Zealand 12.4.6 South Korea 12.4.7 Rest of Asia Pacific 12.5 South America 12.5.1 Argentina 12.5.2 Brazil 12.5.3 Chile 12.5.4 Rest of South America 12.6 Middle East & Africa 12.6.1 Saudi Arabia 12.6.2 UAE 12.6.3 Qatar 12.6.4 South Africa 12.6.5 Rest of Middle East & Africa

13 Key Developments13.1 Agreements, Partnerships, Collaborations and Joint Ventures 13.2 Acquisitions & Mergers 13.3 New Product Launch 13.4 Expansions 13.5 Other Key Strategies

14 Company Profiling14.1 FANUC 14.2 KUKA 14.3 Omron Adept 14.4 Doosan Robotics 14.5 ABB Group 14.6 Yaskawa Electric Corporation 14.7 Durr AG 14.8 Cyberdyne 14.9 Stryker 14.10 Kawasaki Heavy Industries Ltd. 14.11 Mitsubishi Electric Corporation 14.12 B+M Surface Systems 14.13 Bosch Group 14.14 General Electric 14.15 Northrop Grumman 14.16 Denso Corporation 14.17 Nachi-Fujikoshi Corp. 14.18 Seiko Epson Corporation 14.19 Panasonic Corporation 14.20 Yamaha Motor Co., Ltd.

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Original post:

Global Industrial Robotics Market Outlook Report 2020-2027 with COVID-19 Impact Insights on the $100+ Billion Industry - GlobeNewswire