Robot Cell Market Size to Surpass US$ 12.8 Billion by 2034, Exhibiting a CAGR of 14.6%: Fact.MR Report

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Growing Emphasis on Worker Safety in Industrial Operations Driving Sales of Robot Cells

Rockville , April 11, 2024 (GLOBE NEWSWIRE) -- According to a detailed study by skilled analysts at Fact.MR, the global robot cell market is estimated at US$ 3.5 billion in 2024 and is forecasted to expand at an impressive CAGR of 14.6% from 2024 to 2034.

Robot cells come equipped with components necessary for robots to perform tasks on an assembly line. These components may include sensors, end effectors, tooling, component feeding mechanisms, and safety devices. Unlike distributing tasks across various stations, robotic cells conduct the entire process within the cell. Additionally, they can handle tasks such as applying paints, adhesives, or sealing materials to newly manufactured parts, affixing staples and cable ties, and transporting objects.

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Robotic cells can be used to automate almost any industrial process, speeding up labor, improving worker safety, and lowering the possibility of uneven results or human error. Robust enough to handle complex jobs, supervise the whole assembly process, and move between stages with ease, robotic cells provide even more benefits in a range of industrial environments. Investments in R&D to increase problem-based innovative product launches are projected to transform the industry in the coming years.

Report Attribute

Details

Value Projection (2034)

US$ 12.8 Billion

Growth Rate (2024-2034)

14.6% CAGR

No. of pages

170 Pages

No. of Tables

160 Tables

No. of Figures

131 Figures

Key Takeaways from Market Study

  • The global robot cell market is projected to expand at a CAGR of 14.6% and reach US$ 12.8 billion by 2034-end.

  • The market created an absolute $ opportunity of US$ 886 million from 2019 to 2023.

  • North America is estimated to hold a market share of 28% in 2024 and create an absolute opportunity of US$ 2.5 billion from 2024 to 2034.

  • Leading market players include Fanuc, ABB Robotics, Yaskawa Motoman, KUKA, and Stäubli.

“Robotic cells transform last-mile deliveries and create opportunities for new and established firms. The vital role of robot cells in enhancing task efficiency and addressing labor shortage is contributing significantly to market expansion,” says a Fact.MR analyst.

Key Companies Profiled in This Report

  • ABB Ltd.

  • Comau

  • DIY Robotics

  • IMA Automation

  • Kawasaki Heavy Industries Ltd.

  • Kuka AG

  • Lincoln Electric

  • Mitsubishi Electric Corporation

  • Universal Robots

  • Yaskawa Motoman Robotics

  • Other Prominent Players

Market Development

Market growth is being driven by global demand for robot cells from thriving manufacturing, automotive, and electronics sectors. Advanced technologies like cobots (collaborative robots), robotics-as-a-service (RaaS), and hybrid robots enhance manufacturing, emphasizing sustainability and energy efficiency. Flexible ownership models, such as rentals, adapt efficiently to varied business needs.

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global robot cell market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study reveals essential insights based on application (manufacturing and assembly, welding, painting & 3D printing, material handling, quality inspection, CNC machine tending, packaging), end-use vertical (aerospace, automotive industry, consumer electronics, food & beverages, logistics & warehousing, manufacturing, pharmaceutical, semiconductors), integration level (turnkey robot cells [fully integrated systems], modular robot cells [components can be customized], retrofit robot cells [upgrades to existing systems]), and material (aluminum, steel), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

Explore More Related Studies Published by Fact.MR Research: 

Robotic Process Automation Market: The global demand for robotic process automation stands at a market value of US$ 3.2 billion in 2023 and is expected to reach US$ 26.5 billion in revenue by the end of 2033.

Semiconductor Robot Market: The global semiconductor robot market is estimated to project a valuation of US$ 1.1 billion in 2023 and is further to expand at a CAGR of 17.5% to reach a valuation of US$ 5.6 billion by 2033.

Robot Control System Market: The robot control system market is estimated to reach valuation of US$ 6.8 Billion in 2023 and will top US$ 19.9 Billion by 2033, growing with a CAGR of around 11.2% from 2023 to 2033.

About Fact.MR:

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.

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