Industrial Robot Market Share: A Company-by-Company Breakdown
Industrial Robot Market Share: A Company-by-Company Breakdown
In 2022, the global industrial robot market was valued at USD 51.17 billion and is projected to grow at a CAGR of 12.2% from 2023 to 2030. This growth is being driven by increasing automation in manufacturing, automotive, and other industries.
| Company | Market Share |
|---|---|
| ABB | 16.1% |
| KUKA | 12.4% |
| FANUC | 10.7% |
| Yaskawa | 7.3% |
| Mitsubishi Electric | 6.5% |
| Nachi-Fujikoshi | 4.2% |
| Epson | 3.8% |
| Midea Group | 3.6% |
| Kawasaki Heavy Industries | 3.5% |
| Staubli | 3.3% |
| Region | Market Share |
|---|---|
| Asia-Pacific | 42.7% |
| Europe | 29.5% |
| North America | 19.3% |
| South America | 5.2% |
| Middle East and Africa | 3.3% |
Success Stories
- ABB: ABB's industrial robots are used in a variety of applications, including automotive assembly, welding, and painting. In 2021, ABB announced a partnership with Volvo Cars to develop and supply industrial robots for Volvo's new electric vehicle production line.
- KUKA: KUKA's industrial robots are used in a variety of industries, including automotive, aerospace, and electronics. In 2022, KUKA announced a partnership with Volkswagen to develop and supply industrial robots for Volkswagen's new electric vehicle production line.
- FANUC: FANUC's industrial robots are used in a variety of industries, including automotive, electronics, and food processing. In 2023, FANUC announced a partnership with Toyota Motor Corporation to develop and supply industrial robots for Toyota's new electric vehicle production line.
How to Get Started
If you're considering using industrial robots in your business, it's important to first understand the different types of robots available and how they can be used. Once you've identified the types of robots that are right for your business, you'll need to find a supplier and integrate the robots into your production line.
FAQs
- What are the benefits of using industrial robots?
- Industrial robots can improve productivity, reduce costs, and improve quality.
- What are the challenges of using industrial robots?
- The challenges of using industrial robots include cost, complexity, and safety.
- How can I mitigate the risks of using industrial robots?
- You can mitigate the risks of using industrial robots by properly planning and implementing your robot system.
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