Market Share of Robotics Industry
The robotics market is semi-consolidated, with significant market players such as ABB Ltd, Yaskawa Electric Corporation, Denso Corporation, Fanuc Corporation, and Kuka AG. Leading market vendors are focusing on expanding their base globally. Key vendors in the market are actively pursuing various strategies, including partnerships and acquisitions, to enhance their product portfolios and establish sustainable competitive advantages.
- April 2024: KUKA and Volkswagen signed a significant deal that outlines the delivery of 700+ robots in the current year, with plans for an additional rollout over the next two years. These robots, featuring KUKA's popular model, the KR QUANTEC, are slated for installation at Volkswagen Navarra in Pamplona, Northern Spain. Their primary role will be in the body-in-white production line. This move underscores Volkswagen's commitment to bolstering its European automotive manufacturing capabilities.
- November 2023: Yaskawa Electric Corporation unveiled the “MOTOMAN NEXT series,” featuring five models with payload capacities ranging from 4 kg to 35 kg (4 kg, 7 kg, 10 kg, 20 kg, and 35 kg). This next-generation robot marks a significant milestone in the industrial robotics landscape, being the first to exhibit autonomous adaptivity to its environment and the ability to make independent judgments.
Robotics Market Leaders
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ABB Ltd
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Yaskawa Electric Corporation
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Denso Corporation
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Fanuc Corporation
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Kuka AG
*Disclaimer: Major Players sorted in no particular order
