India Industrial Robotics Market
India Industrial Robotics Market Size Booming to Touch USD 11.3 Billion by 2029
Published | 22 August 2023
India industrial robotics market is flourishing because of the thriving e-commerce and logistics sectors and the high adoption of industry 4.0.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India industrial robotics market size at USD 4.92 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects India industrial robotics market size to grow at a significant CAGR of 12.6% reaching a value of USD 11.29 billion by 2029. Major growth drivers for the India industrial robotics market include the rising adoption of advancements in technology, increasing automation needs, and efforts to enhance manufacturing capabilities in the country. These drivers are notably aligned with the establishment of fresh manufacturing capacities within India, a pivotal stride toward offering substantial educational and employment opportunities for its burgeoning populace. The United Nations' estimations reveal that India's population has attained a momentous milestone, surmounting 1.4 billion and surpassing China for the first time. This transformative demographic shift heralds the presence of a substantial and youthful workforce, poised to not only catalyze economic expansion but also fuel inventive advancements. By 2027, India is expected to be the home for the largest work-age population. It further amplifies the significance of building new manufacturing capabilities within the country. This strategic endeavor assumes a dual role—propelling economic progress and vitalizing education and employment prospects for the nation's burgeoning populace. Additionally, industrial robots ensure impeccable quality, particularly significant for sectors such as automotive and electronics. Noteworthy initiatives like "Make in India" are structured to incentivize robotics adoption, thus magnifying manufacturing capabilities. Furthermore, the realm of automation bridges skill gaps, adeptly addressing demand surges while bolstering global competitiveness. Safety, ergonomics, and innovation collectively fortify the adoption of industrial robotics. These multifaceted dynamics culminate in collaborative robots (cobots) augmenting operational flexibility, the power of Industry 4.0 fueling intelligent and interconnected factories, and an unwavering commitment to environmental consciousness promoting sustainable practices. This holistic ecosystem propels India's industrial robotics domain into a future defined by innovation, precision, and sustainable growth, signifying a promising evolution on the horizon. However, high initial investment restrains the overall market growth.
India Industrial Robotics Market – Overview
India industrial robotics market refers to the landscape encompassing the manufacturing, distribution, and utilization of robotic technologies within various industries and sectors across India. This market involves the integration of advanced robotic systems and automation solutions to enhance productivity, efficiency, and precision in manufacturing processes. It encompasses a wide range of robotic applications, including assembly, welding, material handling, painting, and more, aimed at improving operational capabilities and addressing the evolving needs of Indian industries. The India Industrial Robotics Market reflects the adoption of cutting-edge technologies to optimize manufacturing workflows, bridge skill gaps, meet demand surges, and contribute to the country's economic growth and industrial competitiveness.
Impact of COVID-19 on India Industrial Robotics Market
COVID-19 pandemic adversely affected the India industrial robotics market. The widespread disruptions caused by the pandemic led to shifts in demand, supply chain disruptions, and economic uncertainties. The initial lockdowns and restrictions imposed to contain the virus halted manufacturing activities, affecting the adoption of industrial robots. Industries reliant on labor-intensive processes faced challenges in maintaining operations and implementing automation due to reduced workforce availability. Also, the uncertainty surrounding the pandemic led to a cautious approach among businesses, delaying investment decisions, including those related to robotics. Supply chain disruptions disrupted the timely delivery of robotic components, further impeding adoption efforts. Conversely, the pandemic also highlighted the importance of automation in maintaining operations during crises. Industries that had already integrated robotics demonstrated better resilience, leading to renewed interest in industrial automation. As businesses looked for ways to minimize human contact and ensure continuity, the demand for robotics in areas such as warehousing, logistics, and healthcare increased.
India Industrial Robotics Market – By End User
Based on end user, the India industrial robotics market is divided into Automotive, Electrical/Electronics, Metal/Heavy Machinery, Chemical, Rubber, & Plastics, and Food segments. The food segment occupies the highest share in the India industrial robots market by end user, due to its role in addressing key challenges faced by the food processing and packaging industry. Industrial robots have gained significant traction in this sector due to their ability to enhance hygiene, efficiency, and product quality. In the food industry, stringent hygiene and safety standards are paramount, and robots offer a solution by reducing human contact in food handling processes, minimizing the risk of contamination. Additionally, industrial robots can handle delicate tasks such as sorting, packaging, and labeling with precision, reducing waste and ensuring consistent product presentation. The demand for processed and packaged food products, driven by changing consumer lifestyles, has further propelled the adoption of robots in this sector. As companies seek to optimize production, ensure compliance with regulations, and meet consumer demands, industrial robots have emerged as a valuable tool, making the food segment a prominent contributor to their widespread usage in the Indian market.
Major players operating in the India industrial robotics market include ABB Ltd, Yaskawa Electric Corporation, Mitsubishi Electric Corporation, Nachi-Fujikoshi Corp., Comau SpA, KUKA AG, Fanuc Corporation, Denso Corporation, Kawasaki Heavy Industries, Ltd, and Omron Corporation. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Industrial Robotics Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Industrial Robotics Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing qualitative and quantitative data to boost the performance of your business solutions. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
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- India Industrial Robotics Market, By Type (Articulated, Cartesian, SCARA, Cylindrical); By Application (Handling, Assembling & Disassembling, Welding & Soldering, Cleanroom, Dispensing, Processing); By End User (Automotive, Electrical/Electronics, Metal/Heavy Machinery, Chemical, Rubber, & Plastics, Food); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Publish Date: August 2023
An increasing e-commerce and logistics and growing adoption of industry 4.0 are projected to propel the expansion of the India industrial robotics market during the forecast period between 2023 and 2029
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