Global Industrial Robotic Motors Market Size By Motor Type (DC Motor, AC Motor), By Robot Type (SCARA Robot, Delta Robot), By Industry (Automobile, Agriculture), By Geographic Scope And Forecast

Industrial Robotic Motors Market Size And Forecast

Industrial Robotic Motors Market size was valued at USD 860 Million in 2020 and is projected to reach USD 2340 Million by 2028, growing at a CAGR of 13.37% from 2021 to 2028.

Think about itcompanies are pushing hard to ditch risky jobs done by people, cut costs, and pump out products faster. This really seems to be driving sales in the robotic motors market. Plus, we're talking about robot wheel motors that can haul way more weight than any human, especially in the automotive industry. That’s a huge deal and it's only going to get bigger. Don't forget about robot arms either! Companies acquiring each other in this space will likely send the demand for robotic arm motors through the roof. Need the lowdown on the whole scene? Check out the Global Industrial Robotic Motors Market report. It's got the full picture – key segments, trends, what's driving growth, what's holding it back, the competitive landscape, and all the major factors at play.

Global Industrial Robotic Motors Market Definition

Industrial robot motors enable a robot to move. A robot cannot be called a robot unless it has a motor installed Electric motors are the most widely used motors in robots. An industrial robot, according to ISO (International Standards Organization), is an automatically controlled, reprogrammable, multipurpose manipulator programmable in three or more axes. Electric motors are electric devices that convert electrical energy to mechanical energy. The robots are controlled by this mechanical energy.

An electric motor’s input is electrical energy, which can come from batteries or rectifiers, both of which are direct current sources. The motors are categorized into four types, servo motors, stepper motors, and DC motors are the most commonly utilized in industrial robots. Closed-loop systems with a digital controller employ servo motors. The servo motor is supplied by a driver amplifier, which receives velocity orders from the controller. Stepper motors can work with or without feedback, and their rotation is broken into smaller angular steps.

It can stop precisely at a designated position without the need for brakes or clutch assemblies since it is controlled by pulsed command signals. Industrial robotic motors provide market players with a high return on investment (ROI) that is spread out over a longer time period, boosting the market. Industrial robotic motors require significant initial investment; however, the high return on investment (ROI) over time compensates for this.

Global Industrial Robotic Motors Market Overview

The growing demand in many industries to eliminate potentially risky human tasks, reduce operating costs, and make products at a rapid pace is expected to boost sales in this market. Robotic automation is expected to boost production and cost competitiveness in a wide range of industries, including consumer electronics, electrical equipment, machinery, and automobiles. It also helps in the reduction of labor expenses, the reduction of floor space requirements, and the increased speed of production.

Furthermore, in the next years, the ability of robot wheel motors to carry large weights more efficiently than humans, especially in the automobile industry, is expected to fuel the market. In the near future, better work environments and enhanced production processes are expected to boost demand for robot gear motors. The market is also expected to be boosted by the growing number of planned and existing manufacturing projects in both developed and developing countries to enhance industrial operations.

We're seeing a surge in demand for robot arm motors, mostly because everyone's trying to buy each other out! Big companies are looking at mergers and acquisitions to team up on new products or just grab someone else's existing stuff. Take Automation Anywhere, for example – they snapped up FortressIQ, a company specializing in mining and process discovery, back in January 2022. Now, Automation Anywhere can beef up its AI-powered Automation 360 platform with better process optimization, intelligence, and discovery, letting it scale to, well, just about anything. The catch? That initial price tag can be pretty steep, and then you've got installation and training costs on top of that.

Furthermore, add-on peripherals such as teach pendants, controllers, end-of-arm tooling (EOAT), and other recurring costs drive up the cost of robotic motor deployment considerably. During the forecast period, this is expected to be a restrain for the Industrial Robotic Motors Market. Furthermore, the deployment of industrial robots and automation in the manufacturing industries is projected to offer lucrative opportunities for industrial robotic motors manufacturers in the upcoming years.

Global Industrial Robotic Motors MarketSegmentation Analysis

The Global Industrial Robotic Motors Market is Segmented on the basis of Motor Type, Robot Type, Industry, And Geography.

Industrial Robotic Motors Market, By Motor Type

• DC Motor
• AC Motor
• Stepper Motor
• Servo Motor

Okay, so when we look at the market based on motor type, we've got a few big categoriesDC motors, AC motors, stepper motors, and servo motors. You'll often find DC motors powering things in industrial applications, like robots, because they're simple to control when it comes to speed and direction. They can go from super fast to a complete stop, and they're good at handling different kinds of loads. Now, AC motors come in two main flavorsasynchronous and synchronous. Think of an induction AC motor – it's an asynchronous type that's mostly made of a wire-wound stator and rotor. That wire gets power, and the AC current flowing through it creates an electromagnetic (EM) field in the coiled wire. This EM field is what provides the force to get that rotor spinning.

Industrial Robotic Motors Market, By Robot Type

• SCARA Robot
• Delta Robot
• Cartesian/Gantry Robot
• Articulated Robot
• Collaborative Robot
• Dual Arm Robot

Based on Robot Type, The market is segmented into SCARA Robot, Delta Robot, Cartesian/Gantry Robot, Articulated Robot, Collaborative Robot, and Dual Arm Robot. Owing to its high multi-purpose applications such as assembling, palletizing, welding, painting, and more, the articulated Industrial Robotic Motors Market holds the majority revenue share. In contrast to other robotic systems, these systems have flexible movement since they are not limited to movement along a corresponding coordinate axis. This allows them to be used to doing exceedingly complex tasks.

Industrial Robotic Motors Market, By Industry

• Automobile
• Agriculture
• Food And Beverages
• Electrical And Electronics
• Others

Based on Industry, The market is segmented into Automobile, Agriculture, Food And Beverages, Electrical And Electronics, and Others. The automobile industry segment is a major user of industrial robotics since they help to significantly increase work output when compared to manual labor. Consumers are replacing their old vehicles with updated vehicles as a result of changing trends such as the development of energy-efficient drive systems and electric vehicles.

Industrial Robotic Motors Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

When we look at the world geographically, the Global Industrial Robotic Motors Market is split into four main areasNorth America, Europe, Asia Pacific, and everywhere else. Right now, Asia Pacific is the biggest player. But, looking ahead, we expect North America and Europe to really take the lead in the coming years. Why? Well, the demand for these motors in places like Germany, the United States, and the United Kingdom is going up because labor costs keep increasing. Plus, all the buzz around cloud-based robotics, AI-powered motors, and collaborative robots should give the whole market a major boost.

Key Players

The “Global Industrial Robotic Motors Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Omron Adept Technologies, Toshiba Machines, Mitsubishi Electric Corporation, Panasonic Corporation, Yaskawa Electric Corporation, Fanuc Corporation, ABB Group, Denso Corporation, Kawasaki Heavy Industries, and OTC Daihen.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In January 2022Fanuc America, a leading manufacturer of automation products and services based in Japan, launched the M-1000iA robot. It’s made to handle heavy items such as construction materials and automobile components. The firm wants to meet the needs of clients that produce particularly large parts and need more workspace flexibility.

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