Executive Summary

The report on the global industrial robotic motors market provides a comprehensive overview of the market. The report includes market size, growth rate, drivers, restraints, opportunities, market dynamics, regional analysis, competitive landscape, segmentation, category-wise insights, key benefits for industry participants and stakeholders, SWOT analysis, key trends, COVID-19 impact, key industry developments, analyst suggestions, future outlook, and conclusion.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

The global industrial robotic motors market is expected to grow at a CAGR of around 6% during the forecast period. The market growth can be attributed to the increasing demand for automation in various industries. The Asia-Pacific region is expected to dominate the market during the forecast period, owing to the increasing demand for industrial robots in countries such as China, Japan, and South Korea.

Market Drivers

1. Increasing demand for automation: The increasing demand for automation in various industries, such as automotive, food and beverage, and pharmaceuticals, is driving the growth of the industrial robotic motors market. The use of industrial robots helps to increase productivity, reduce labor costs, and improve product quality.
2. Technological advancements: The continuous technological advancements in the field of robotics are driving the growth of the industrial robotic motors market. The development of new and advanced motors that provide high torque and speed is expected to drive the market growth during the forecast period.
3. Growing demand for electric vehicles: The growing demand for electric vehicles is driving the growth of the industrial robotic motors market. The motors used in electric vehicles are similar to the motors used in industrial robots, and the increasing demand for electric vehicles is expected to drive the market growth during the forecast period.

Market Restraints

1. High initial investment: The high initial investment required for setting up an industrial robotic system is a major restraint for the market growth. The cost of industrial robots and robotic motors is high, which makes it difficult for small and medium-sized enterprises to invest in automation.
2. Lack of skilled workforce: The lack of skilled workforce is a major restraint for the market growth. The installation and maintenance of industrial robots require specialized skills, which are not readily available in the market.

Market Opportunities

1. Growing demand for collaborative robots: The growing demand for collaborative robots is a major opportunity for the industrial robotic motors market. Collaborative robots are designed to work alongside humans, and they require specialized motors that provide high accuracy and speed.
2. Increasing demand for robots in the healthcare industry: The increasing demand for robots in the healthcare industry is an opportunity for the industrial robotic motors market. Robots are used in various applications, such as surgery, rehabilitation, and others, and the motors used in these robots are similar to the motors used in industrial robots.

Market Dynamics

The industrial robotic motors market is driven by various factors, including the increasing demand for automation in various industries, technological advancements, and growing demand for electric vehicles. The market growth is also restrained by factors such as high initial investment and lack of skilled workforce. However, there are opportunities for the market, such as the growing demand for collaborative robots and robots in the healthcare industry.

Regional Analysis

The global industrial robotic motors market can be segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific region is expected to dominate the market during the forecast period, owing to the increasing demand for industrial robots in countries such as China, Japan, and South Korea. The region is also home to some of the leading manufacturers of industrial robotic motors, such as Yaskawa Electric Corporation, Mitsubishi Electric Corporation, and others.

Competitive Landscape

Leading Companies in the Industrial Robotic Motors Market:

1. ABB Ltd.
2. Yaskawa Electric Corporation
3. KUKA AG
4. FANUC Corporation
5. Kawasaki Heavy Industries Ltd.
6. Mitsubishi Electric Corporation
7. Denso Corporation
8. Toshiba Machine Co., Ltd.
9. Nidec Corporation
10. Rockwell Automation, Inc.

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The global industrial robotic motors market can be segmented based on type, power output, end-user, and region. Based on type, the market can be segmented into servo motors and stepper motors. Based on power output, the market can be segmented into less than 750 W, 750-1500 W, 1500-3000 W, and more than 3000 W. Based on end-user, the market can be segmented into automotive, food and beverage, pharmaceuticals, electronics, and others.

Category-wise Insights

Based on type, the servo motors segment is expected to dominate the market during the forecast period. Servo motors provide high accuracy and speed, which makes them suitable for applications that require high precision and speed, such as material handling, painting, welding, and others.

Based on power output, the 750-1500 W segment is expected to dominate the market during the forecast period. Motors with power output in this range are suitable for applications that require high torque and speed, such as material handling, painting, and welding.

Based on end-user, the automotive segment is expected to dominate the market during the forecast period. The use of industrial robots in the automotive industry helps to increase productivity, reduce labor costs, and improve product quality.

Key Benefits for Industry Participants and Stakeholders

The industrial robotic motors market provides several benefits to industry participants and stakeholders, including:

1. Increased productivity: The use of industrial robots helps to increase productivity by reducing cycle times and improving process efficiency.
2. Reduced labor costs: The use of industrial robots helps to reduce labor costs by replacing human workers with robots.
3. Improved product quality: The use of industrial robots helps to improve product quality by ensuring consistent and accurate production.
4. Increased safety: The use of industrial robots helps to increase safety by reducing the risk of accidents in hazardous environments.

SWOT Analysis

Strengths:

1. Technological advancements in the field of robotics
2. Increasing demand for automation in various industries
3. Growing demand for electric vehicles
4. Strong presence of leading manufacturers in the Asia-Pacific region

Weaknesses:

1. High initial investment required for setting up an industrial robotic system
2. Lack of skilled workforce

Opportunities:

1. Growing demand for collaborative robots
2. Increasing demand for robots in the healthcare industry
3. Use of robots in the defense industry

Threats:

1. Competition from low-cost labor in developing countries
2. High competition among major players in the market
3. Impact of COVID-19 pandemic on the global economy

Market Key Trends

1. Increasing adoption of collaborative robots
2. Growing demand for mobile robots
3. Emergence of cloud -based robotics

4. Integration of artificial intelligence and machine learning in robotics
5. Increasing use of 3D printing in the production of robotic components

Covid-19 Impact

The COVID-19 pandemic has had a significant impact on the global industrial robotic motors market. The pandemic has led to a slowdown in the global economy, which has resulted in a decline in demand for industrial robots. The pandemic has also disrupted the supply chain, leading to delays in the production and delivery of industrial robotic motors. However, the pandemic has also led to an increased demand for robots in healthcare and other essential industries, which has partially offset the decline in demand in other industries.

Key Industry Developments

1. In January 2021, Yaskawa Electric Corporation announced the launch of its new high-speed, high-accuracy robot, the MOTOMAN-GP4.
2. In November 2020, Siemens AG announced the launch of its new range of SIMOTICS S-1FG1 servo geared motors.
3. In September 2020, Mitsubishi Electric Corporation announced the launch of its new MELSERVO-J5 series of servo motors and amplifiers.

Analyst Suggestions

1. Focus on product innovation and development of new and advanced motors to meet the changing requirements of the market.
2. Expansion of operations in emerging markets to tap into the growing demand for industrial robots.
3. Strengthening of partnerships and collaborations with other players in the market to enhance the product offerings and increase market share.

Future Outlook

The global industrial robotic motors market is expected to grow at a steady rate during the forecast period. The increasing demand for automation in various industries, technological advancements, and growing demand for electric vehicles are expected to drive the market growth. The Asia-Pacific region is expected to dominate the market during the forecast period, owing to the increasing demand for industrial robots in countries such as China, Japan, and South Korea. The market is also expected to witness the emergence of new players, which is expected to increase competition in the market.

Conclusion

The global industrial robotic motors market is a highly competitive and rapidly evolving market. The market is driven by various factors, including the increasing demand for automation in various industries, technological advancements, and growing demand for electric vehicles. The market growth is also restrained by factors such as high initial investment and lack of skilled workforce. However, there are opportunities for the market, such as the growing demand for collaborative robots and robots in the healthcare industry. The market is expected to witness steady growth during the forecast period, and players in the market are focusing on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their position in the market.