Market Share of Industrial Robotics Industry
The industrial robotics market is highly fragmented. Industry 4.0, with digitalization initiatives across regions, provides lucrative opportunities in the industrial robots market. The degree of transparency is high, considering the number of robotic trade exhibits across conducted areas occasionally. Overall, the competitive rivalry among existing players is high. The acquisitions and collaboration of large companies with startups are predicted, focusing on innovation. A few major players in the market are ABB and Yaskawa. Some of the key developments in the area are:
February 2022, KUKA Robotics showcased its Hygienic Oil (HO) robot and Hygienic Machine (HM) portfolios along with its completely hygienic, all-stainless steel KR3 Delta and food processing versions of its other robot models at the International Production & Processing Expo held in Atlanta.
February 2022 - Comau and IUVO introduced wearable robotics solutions to improve operator work efficiency in manually moving loads. The aim is toward well-being by decreasing lower back fatigue.
January 2022 - Yaskawa Electric Corporation acquired additional shares of Doolim-Yaskawa Co., Ltd. to further establish a business in the sealing system and the robotic painting market.
January 2022- KUKA and Ford Otosan of Turkey signed a new framework contract to supply more than 700 robots to Ford's next-generation electrical and connected commercial vehicle project at its Ford plant in Cocaeri. This contract conveys the continuation of a corporate partnership for over 20 years.
Industrial Robotics Market Leaders
ABB Ltd.
Yaskawa Electric Corporation
Denso Corporation
Fanuc Corporation
KUKA AG
*Disclaimer: Major Players sorted in no particular order
