Authored By: Sarah
23 Aug 2024

Industrial Robotics Market in APAC Size to grow by USD 26383.5 million between 2024-2028

The Industrial Robotics Market in APAC is segmented by Application (Material handling, Welding and soldering, Assembling and disassembling, Painting and coating, and Others), End-user (Automotive, Electrical and electronics, Metal and heavy machinery, Food and beverages, and Others), and Geography (APAC). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 26383.5 million, at a CAGR of 16.83% during the forecast period. There are several companies that are contributing to the market as per this report. Integration of IoT with robotics .

By Application, the Material handling segment is projected to dominate the market size in 2024

The industrial robotics market in APAC experiences significant growth, driven by the burgeoning manufacturing and e-commerce sectors. Material handling applications, including picking, packing, palletizing, and order fulfillment, are key areas of focus. Notable companies, such as Alibaba and JD.com, employ order fulfillment robots to enhance their operations. In the manufacturing sector, automotive giants like Toyota and Hyundai utilize industrial robots, including autonomous mobile robots (AMRs) and robotic arms, for assembly line processes. This market is characterized by substantial investments, groundbreaking technological innovations, and strategic partnerships, all aimed at addressing the escalating demand for efficient material handling automation solutions in APAC.

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Why is APAC forecasted to hold the largest regional market size in 2024?

The APAC industrial robotics market is experiencing significant growth, driven by increasing automation demands in manufacturing sectors. Companies are investing in advanced robotics solutions to enhance productivity, reduce labor costs, and improve product quality. Key players in the region include Fanuc, ABB, and Yaskawa, who are expanding their presence through strategic partnerships and acquisitions. The market is expected to reach new heights due to government initiatives and technological advancements in areas such as AI, IoT, and 5G.

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Research Analysis Overview

The Industrial Robotics market in APAC is witnessing significant growth due to the increasing demand for automation applications in various industries. Robotics technology is being integrated into various sectors such as packaging and labeling, palletizing, welding, assembly, painting, and more. The use of high-quality products like cameras, microphones, and robot sensors in industrial robots is becoming increasingly common for better precision and accuracy. Controllers and sensors play a crucial role in the functioning of robotic manipulators, including SCARA robots, robot arms, articulated robots, and collaborative robots. These mechanical machines are reprogrammable, making them versatile for different applications. The Electronic devices and semi-conductors industry is a major contributor to the Industrial Robotics market in APAC. AI-enabled robots are gaining popularity due to their ability to learn and adapt to new environments, making them ideal for complex tasks. The market is expected to continue growing, driven by the need for increased productivity and efficiency in manufacturing processes.

Market Research Overview

The industrial robotics market in APAC is a segment of the larger global industrial machinery and supplies and components market, encompassing companies that manufacture machinery and components for industries such as presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio's market analysis, the global industrial machinery and supplies and components market is driven by the increasing industrial output in process and discrete industries, particularly in developing countries, resulting in capacity expansions for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages sectors. This growth is fueled by the rapid economic expansion in these regions, leading to a significant demand for industrial machinery and components. - The Industrial Robotics Market in APAC is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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