# Industrial Automation Incentives by Governments in Emerging Economies Drive Industrial Robots Market: FMI Study Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2022-02-17 Category: Research Reports Category URL: https://financedigest.com/category/research-reports Meta Title: Industrial Robot Manufacturers Target Low-Cost Offerings Meta Description: Discover the latest trends in the industrial robots market, including growth factors, constraints, and key regional markets. Get comprehensive insights now! URL: https://financedigest.com/industrial-automation-incentives-by-governments-in-emerging-economies-drive-industrial-robots-market-fmi-studyhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/research-report-1736816214266-compressed.jpg) _Industrial robot manufacturers are increasingly targeting the development of low-cost offerings to bolster adoption among small and medium enterprises._ The [industrial robots market](https://www.futuremarketinsights.com/reports/industrial-robots-market) is projected to display an exponential rate of growth for the duration of the forecast period between 2021 and 2031. The demand for industrial robots has been largely driven by the transition from manual industrial activities to automated solutions. Reduced costs associated to hiring manpower, and improvements to predictive maintenance tools and artificial intelligence are expected to [support the adoption of industrial](https://www.financedigest.com/5-ways-the-fs-industry-can-support-the-recovery.html "5 ways the FS industry can support the recovery") robots for the near future. _“The high costs associated with manual labor including benefits, health and safety compensation, and [increasing annual wages](https://www.financedigest.com/greece-to-increase-minimum-wage-again-before-election.html "Greece to increase minimum wage again, before election") are key factors supporting the adoption of automation. Owing to the [health and safety](https://www.financedigest.com/occupational-health-and-safety-must-be-brought-back-to-the-forefront-of-esg.html "Occupational Health and Safety must be brought back to the forefront of ESG") requirements, human workers are unable to function in adverse environments and performance is often affected for repetitive tasks. These are key factors that bolster the adoption of [industrial](https://www.financedigest.com/olefinic-thermoplastic-elastomers-2022-outlook-current-and-future-industry-landscape-analysis-2025.html "Olefinic Thermoplastic Elastomers  2022 Outlook, Current and Future Industry Landscape Analysis 2025") robotic alternatives for the foreseeable future,”_ says the FMI study. **Request a report sample to gain comprehensive market insights at** [https://www.futuremarketinsights.com/reports/sample/rep-gb-948](https://www.futuremarketinsights.com/reports/sample/rep-gb-948) **[Industrial Robots Market](https://www.financedigest.com/medical-and-industrial-gloves-market.html "Medical And Industrial Gloves Market") – Leading Takeaways** - The adoption of [industrial robots for food and beverage sector applications](https://www.financedigest.com/application-security-in-the-finance-industry-what-you-should-know.html "Application Security in the Finance Industry: What You Should Know") will reflect a higher growth rate on the back of evolving safety and hygiene standards. - Articulated robot product offerings remain popular owing to superior accuracy and consistency in operations. - China Japan and South Korea will emerge as [key regional markets](https://www.financedigest.com/hitting-marketing-kpis-how-webinars-have-become-a-key-part-of-the-finance-industry.html "Hitting marketing KPIs: How webinars have become a key part of the finance industry"), owing to the presence of major production facilities. - S. will reflect [strong growth on the back](https://www.financedigest.com/reckon-one-builds-momentum-with-strong-backing-from-accountants-joining-the-cloud-advisor-programme.html "Reckon One builds momentum with strong backing from accountants joining the Cloud Advisor Programme") of increasingly strict worker safety regulations. **[Industrial Robots Market](https://www.financedigest.com/therapeutic-robots-market-2022-scope-of-current-and-future-industry-2029.html "Therapeutic Robots Market 2022 | Scope of Current and Future Industry 2029") – Growth Factors** - [Rising manual labor costs and strict regulations associated with workplace operations](https://www.financedigest.com/ikea-stores-owner-ingkas-annual-operating-profit-rises-9.html "IKEA stores owner Ingka’s annual operating profit rises 9%") is supporting the adoption of robotic alternatives. - Government incentives towards the adoption of [industrial automation solutions in emerging economies drives](https://www.financedigest.com/car-sharing-industry-revs-up-with-wembley-park-residents-in-the-driving-seat.html "Car sharing industry revs up with Wembley Park residents in the driving seat") growth. - Rising number of SMEs [around the world and adoption of automated](https://www.financedigest.com/5-common-mistakes-around-accounts-payable-automation.html "5 Common Mistakes Around Accounts Payable Automation") solutions will support growth in the industry. **Industrial Robots Market – Constraints** - High initial capital costs associated with the acquisition of industrial robots is a key factor hindering adoption. - Cost overruns from over-automation of industrial facilities is a major challenge for market players. **Explore data on the industrial robots market with 129 figures, 173 tables and the ToC. Request Customization@** [https://www.futuremarketinsights.com/customization-available/rep-gb-948](https://www.futuremarketinsights.com/customization-available/rep-gb-948) **Expected Impact on Market by Coronavirus Outbreak** The coronavirus pandemic has generated significant growth opportunities for industrial robot manufacturers. Lockdown restrictions on human activities in multiple industries including electronics, packaging, and automotive, have hurt industrial and commercial activity. In addition, increased spending on [ecommerce during the pandemic has also supported the adoption of industrial](https://www.financedigest.com/whats-next-for-ecommerce-payment-trends-shaping-the-industry.html "What’s next for eCommerce? Payment trends shaping the industry") robotics solutions. The trend is likely to continue even after the outbreak has subsided. Moreover, the adoption of work from home operations has also supported robotic operations, minimizing losses, which will aid faster growth through 2021 and beyond. **Competition Landscape** Some of the [leading manufacturers participating in the industrial](https://www.financedigest.com/eu-announces-plans-to-lead-green-industrial-revolution.html "EU announces plans to lead green industrial revolution") robots market are ABB Limited, Denso Corporation, Fanuc Corporation, Kawasaki Heavy Industries, KUKA AG, Brenton LLC, YASKAWA Electric Corporation, Mitsubishi Electric Corporation, and Krones AG among others. Major manufacturers in the industrial robots [market have been increasingly investing in product development and launch strategies](https://www.financedigest.com/creative-courage-is-the-go-to-strategy-for-tech-marketers-in-a-post-pandemic-age-shaped-by-study-reveals.html "“Creative courage” is the go-to strategy for tech marketers in a post-pandemic age, Shaped By study reveals") in addition to industry collaborations, mergers, and acquisitions to drive market consolidation objectives. In March 2021, Stäubli unveiled its TS2 SCARA type industrial robot, which is a major upgrade of the 4-axis series, enabling ultra-short cycle times with hygiene compatibility standards for sensitive environment applications. IAM Robotics launched its new Bolt range fully mobile industrial robot, which has been designed with a modular interface for customized operations as per workplace requirements. Also, ST Robotics introduced the STR18 Delta Robot System in its efforts to [expand its portfolio](https://www.financedigest.com/incentive-qas-expands-retail-portfolio-with-million-pound-shopping-centre-contract.html "Incentive QAS Expands Retail Portfolio With Million Pound Shopping Centre Contract") of low-cost offerings. **For any Queries Linked with the Report, Ask an Analyst@** [**https://www.futuremarketinsights.com/ask-question/rep-gb-948**](https://www.futuremarketinsights.com/ask-question/rep-gb-948) **More on the Report** [FMI’s provides in-depth insights on the industrial robots market](https://www.financedigest.com/fmi-finds-the-market-is-fuelled-by-rising-internet-usage-and-explosion-of-digital-payments-india-online-grocery-market-is-to-register-a-32-7-of-cagr-through-2032.html "FMI Finds, The Market is Fuelled by Rising Internet Usage and Explosion of Digital Payments; India Online Grocery Market is to Register a 32.7% of CAGR Through 2032"). The market is segmented in terms of product type (articulated robots, SCARA robots, parallel robots, cartesian robots, cylindrical robots, and others), end use (automotive, electrical & electronics, metals & machinery, chemicals, plastic & rubber, food & beverages, healthcare, construction, and others), applications (material handling, welding & soldering, assembly & disassembly, painting & dispensing, and others) and technology (automatic, semi-automatic, and manual) across seven regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa). **[Explore Wide-ranging Coverage of FMI’s Industrial Automation](https://www.financedigest.com/avalara-emea-summit-explores-future-of-vat-automation.html "Avalara EMEA Summit Explores Future of VAT Automation") Landscape** [Pre-Insulated Pipe Market](https://www.futuremarketinsights.com/reports/pre-insulated-pipes-market): Find insights on the pre-insulated pipe market with analysis of statistics, segments, players, influencers, and business strategies adopted over a 10-year forecast period. 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