Authored By: Sarah
21 Oct 2024

Latest News: Industrial Robotics Market in APAC 2024-2028: Key Trends, Growth Drivers, and Insights

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 26.38 billion, at a CAGR of 16.83% during the forecast period.

There are several companies that are contributing to the market as per this report. The integration of IoT robotics is a major market trend, facilitating the interconnection of mechanical and digital devices to enable data transmission without human input. With the rise of Industry 4.0, IoT is driving an industrial revolution by incorporating smart machines, warehouses, and industrial robots to meet organizational goals and KPIs. Additionally, sensors paired with articulated robots provide real-time insights into machine performance and maintenance needs, positively impacting the market. This adoption shifts manufacturers into connected units, which is expected to accelerate market growth during the forecast period.

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

In APAC, material handling plays a key role in the growing market, driven by the booming manufacturing and e-commerce sectors. Industrial robots, like autonomous mobile robots (AMRs) and robotic arms, are commonly used for tasks such as picking, packing, and palletizing in warehouses and factories.

The material handling segment is the largest, with e-commerce giants like Alibaba and JD.com utilizing order fulfillment robots, while car manufacturers deploy robotics for assembly lines. The market is seeing increased investments, technological advancements, and partnerships to meet the rising demand for automation. These factors are expected to drive growth in advanced material handling applications during the forecast period.

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What is Driving the Regional Market Size in 2024?

The APAC industrial robotics market is experiencing significant growth, driven by technological advancements and increased R&D investments in robotics. The integration of industrial robots enhances production efficiency, reduces errors, and improves employee safety. These robots are utilized in various tasks, including welding, painting, assembly, cutting, and milling, with the automotive sector being the largest revenue contributor.

There is growing demand for application-specific robots, prompting companies to develop customized solutions to stay competitive. This trend is expected to benefit manufacturers that can tailor services to meet specific needs, creating new opportunities for market growth. These factors will drive the market forward.

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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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