The North America Industrial Robotics Market is a vital segment within the region’s industrial automation sector. Industrial robotics play a crucial role in enhancing manufacturing processes by automating tasks traditionally performed by human workers. This report provides an overview of the current state of the industrial robotics market in North America, including key trends, drivers, challenges, and opportunities.
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Market Size and Growth:
The revenue of North America industrial robotics market will reach $13.01 billion in terms of robot systems by 2026, representing a 2019-2026 CAGR of 11.67%. The annual shipment is expected to exhibit a CAGR of 16.02% during the same period, advancing to 126.36 thousand units in 2026.
Highlighted with 20 tables and 96 figures, this 191-page report “North America Industrial Robotics Market by Subsystem, Robot Type, Function, Component, Configuration, Payload, Industry Vertical, and Country 2015-2026: Growth Opportunity and Business Strategy” is based on a comprehensive research of the entire North America industrial robots market and all its sub-segments through extensively detailed classifications.
Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report provides historical market data for 2015-2017, revenue estimates for 2018, and forecasts from 2019 till 2026. (Please note: Before delivery, the report will be updated so that the latest historical year is the base year and the forecast covers the next 5-10 years over the base year.)
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Key Trends:
Collaborative Robotics: There is a growing trend towards the adoption of collaborative robots, or cobots, which can work alongside human operators in manufacturing facilities. Cobots are designed to be safe, flexible, and easy to program, making them ideal for tasks that require human-robot collaboration.
Integration of Artificial Intelligence (AI): Industrial robots are increasingly being equipped with AI capabilities such as machine learning and computer vision to improve their functionality and efficiency. AI-powered robots can adapt to changing environments, optimize production processes, and detect defects with greater accuracy.
Expansion of Industry 4.0: The fourth industrial revolution, characterized by the integration of digital technologies into manufacturing processes, is driving the demand for advanced robotics solutions. Industrial robots are becoming an integral part of smart factories, enabling real-time data collection, predictive maintenance, and seamless connectivity across the production line.
Shift towards Service Robotics: In addition to traditional industrial robots used in manufacturing, there is a growing demand for service robots in various sectors such as healthcare, logistics, and agriculture. Service robots perform tasks such as delivery, cleaning, and inspection, contributing to increased efficiency and safety in diverse industries.
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Key Players:
ABB Ltd.
Adept Technology Inc.
Comau S.p.A
Daihen Corp.
Denso Wave Inc.
Ellison Technologies Inc.
Epson Robotics
Fanuc Corp.
Genmark Automation, Inc.
Kawasaki Robotics Inc.
Mitsubishi Electric Corp.
Nachi Fujikoshi Corp.
Panasonic Corporation (Activelink)
Pari Robotics
Rethink Robotics, Inc.
Robert Bosch GmbH
Rockwell Automation Inc.
Schunk GmbH
Staubli International AG
Toshiba Machine Co., Ltd.
Universal Robots
Yamaha Robotics
Yaskawa Electric Corp.
Market Drivers:
Need for Efficiency and Productivity: Manufacturers are under pressure to improve efficiency, reduce costs, and enhance productivity to remain competitive in the global market. Industrial robots enable faster production cycles, higher throughput, and consistent quality, driving their adoption across industries.
Labor Shortages and Rising Wages: The manufacturing sector in North America is facing challenges such as labor shortages and increasing labor costs. Industrial robots offer a solution by automating repetitive and labor-intensive tasks, reducing reliance on human workers and mitigating the impact of labor-related challenges.
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Safety and Ergonomics: Industrial robots help improve workplace safety by handling hazardous or physically demanding tasks that pose risks to human workers. By automating these tasks, companies can create safer working environments and reduce the risk of workplace injuries and accidents.
Market Sangment:
Based on subsystem
Robot Machines
Software
Peripherals & System Engineering
Based on robot type:
Articulated Robots
Cartesian/Gantry/Rectangular Arm Robots
SCARA Robots
Cylindrical Robots
Delta/Parallel Robots
Collaborative Robots
Others
Based on function:
Soldering & Welding
Material Handling
Assembling & Disassembling
Painting & Dispensing
Milling & Grinding
Cutting & Processing
Others
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Based on component:
Robot Controller Unit
Robotic Arm
End Effector
Drive
Sensors
Power Supply
Motors
Others
Based on configuration:
Mounted Robots
Mobile Robots
Cobots/Collaborative Robots
Based on payload:
0-20 KG
20-80 KG
80-300 KG
300-1000 KG
1000-3000 KG
Other Payloads
Based on application:
Automotive
Electrical & Electronics
Metal & Machinery
Chemicals, Rubber & Plastics
Medical & Pharmaceutical
Food & Agriculture
Others
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Geographically:
U.S.
Canada
For each of the aforementioned regions and countries, detailed analysis and data for annual revenue and unit shipment are available for 2015-2026. The breakdown of all regional markets by country and split of key national/local markets by Robot Type, Function and Industry Vertical over the forecast years are also included.
The report also covers current competitive scenario and the predicted manufacture trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in global industrial robots market are assayed quantitatively and qualitatively through Report Ocean, Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Report Scope:
This report meticulously segments the market, providing accurate revenue approximations for the overall market and its sub-segments across various verticals and regions. It equips stakeholders with a deep understanding of market dynamics, offering valuable insights into key drivers, restraints, challenges, and opportunities. Stakeholders can enhance their business position by gaining insights into competitors through the competitive landscape section, covering the competitor ecosystem, new product development, agreements, and acquisitions.
Research Methodology:
- Research Objectives: This section outlines the research study’s overarching goals, including research questions and hypotheses.
- Research Design: Describing the overall research design, this section covers the research approach (e.g., quantitative, qualitative, mixed-methods), data collection methods (e.g., surveys, interviews, focus groups), and sampling strategy (e.g., random sampling, stratified sampling).
- Data Collection: This section details the data collection process, including sources of data (primary, secondary), data collection instruments (e.g., survey questionnaire, interview guide), and procedures (e.g., data cleaning, coding, entry).
- Data Analysis: Describing analytical methods, this section covers statistical tests, qualitative coding, or content analysis.
- Limitations: Outlining study limitations, this section addresses potential biases, sources of error, or data limitations.
- Ethical Considerations: Describing ethical considerations, this section covers obtaining informed consent, protecting participant confidentiality, and minimizing harm to participants.
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Market Dynamics Points – Drivers, Restraints, Opportunities, Challenges:
Drivers:
- Increasing emphasis on self-care and wellness, especially among women.
- Growing awareness of health and beauty benefits provided by dietary supplements.
- Rising disposable incomes and a willingness to invest in premium health and beauty products.
- Influence of social media and beauty influencers shaping consumer preferences.
- Changing lifestyles and health concerns fueling demand for supplementary nutrition.
Restraints:
- Lack of regulatory oversight and quality control in the supplements industry.
- Consumer skepticism and confusion regarding product claims and effectiveness.
- Potential risks and interactions with other medications or health conditions.
- Limited accessibility and affordability of supplements in certain regions.
Opportunities:
- Increasing demand for natural and organic supplements.
- Untapped market potential in the Asia-Pacific region.
- Development of innovative formulations and delivery methods.
- Collaborations with beauty brands or influencers for product endorsements.
- Integration of technology to personalize nutrition and enhance the consumer experience.
Challenges:
- Intense competition among market players.
- Navigating regulatory complexities and meeting regional standards.
- Building trust and credibility with consumers.
- Educating consumers about the benefits and proper usage of supplements.
- Addressing concerns and skepticism regarding the safety and efficacy of supplements.
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