Authored By: Sarah
06 Jul 2021

Industrial Robotics Services Market Size to Grow by $ 6.79 bn During 2021-2025

Technavio has been monitoring the industrial robotics services market and it is expected to grow by $ 6.79 bn, accelerating at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


Industrial Robotics Services Market: Receive Free Sample Report


Industrial Robotics Services Market: APAC to lead market growth during the forecast period

  • 51% of the market growth will originate from APAC during the forecast period.
  • Collaboration between system integrators and manufacturers will be a key trend that will influence market growth significantly.
  • The Technological innovations in industrial robotics services will be a significant factor in driving the growth of the industrial robotics services market.

Industrial Robotics Services Market to Post Incremental Growth of $ 6.79 bn During 2021-2025 | Key Geographies that will Drive Growth

Industrial Robotics Services Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., DENSO Corp., FANUC Corp., Kawasaki Heavy Industries Ltd., Midea Group Co. Ltd., Mitsubishi Electric Corp., OMRON Corp., Panasonic Corp., The Lincoln Electric Co., and Yaskawa Electric Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

Industrial Robotics Services Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial robotics services market growth during the next five years
  • Precise estimation of the industrial robotics services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial robotics services market industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial robotics services market vendors

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 7%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 6.79 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Technological innovations in industrial robotics services will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    51% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are ABB Ltd., DENSO Corp., FANUC Corp., Kawasaki Heavy Industries Ltd., Midea Group Co. Ltd., Mitsubishi Electric Corp., OMRON Corp., Panasonic Corp., The Lincoln Electric Co., and Yaskawa Electric Corp.

     
  7. What are the market segments covered in this report?
    The market is segmented by Application (Material handling, Welding and soldering, Assembly line, and Others), Service (Engineering and consulting, Installation and commissioning, Robot programming, maintenance and repair, and Training), and Geography (APAC, Europe, North America, South America, and MEA)

Industrial Robotics Services Market Size to Grow by $ 6.79 Billion During 2021-2025

Technavio has been monitoring the industrial robotics services market and it is expected to grow by $ 6.79 billion, accelerating at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


Industrial Robotics Services Market: Receive Free Sample Report


Industrial Robotics Services Market: APAC to lead market growth during the forecast period

  • 51% of the market growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for industrial robotics services in the region. 
  • Technological innovations in industrial robotics services will be a key trend that will influence market growth significantly.
  • The surge in demand for industrial robots will be a significant factor in driving the growth of the industrial robotics services market.

Industrial Robotics Services Market to Post Incremental Growth of $ 6.79 bn During 2021-2025 | Key Geographies that will Drive Growth

Industrial Robotics Services Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., DENSO Corp., FANUC Corp., Kawasaki Heavy Industries Ltd., Midea Group Co. Ltd., Mitsubishi Electric Corp., OMRON Corp., Panasonic Corp., The Lincoln Electric Co., and Yaskawa Electric Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

Industrial Robotics Services Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial robotics services market growth during the next five years
  • Precise estimation of the industrial robotics services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial robotics services market industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial robotics services market vendors

    The report provides insights into the following FAQs:

  • What is the market CAGR?
    The market is accelerate at a CAGR of almost 7%.
     
  • What is the incremental growth of the market?
    The market is expected to grow by $ 6.79 bn through 2021-2025.
     
  • What is a key factor driving this market?
    Surge in demand for industrial robots will drive market growth over the forecast period.
     
  • What are the key regions covered in this market research report?
    APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
     
  • Which is the leading geographic region for this market:
    51% growth will originate from APAC
     
  • Who are the leading market vendors?
    The leading vendors in this market are ABB Ltd., DENSO Corp., FANUC Corp., Kawasaki Heavy Industries Ltd., Midea Group Co. Ltd., Mitsubishi Electric Corp., OMRON Corp., Panasonic Corp., The Lincoln Electric Co., and Yaskawa Electric Corp.
     
  • What are the market segments covered in this report?
    The market is segmented by Application (Material handling, Welding and soldering, Assembly line, and Others) and Geography (APAC, Europe, North America, South America, and MEA)
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