IDEAS home Printed from https://ideas.repec.org/h/eme/reanzz/s0190-128120220000042018.html
   My bibliography  Save this book chapter

The Global Industrial Robotics Market: Development Trends and Volume Forecast

In: Current Problems of the World Economy and International Trade

Author

Listed:
  • Marina S. Reshetnikova
  • Irina A. Pugacheva

Abstract

The purpose of the chapter is to focus on the global industrial robotics market and trends of its development. In the framework of this chapter, the authors made the forecast of industrial robots' market future values in this chapter with the linear regression method and an econometric model. This analysis has provided a conclusive answer to the question about the prospects of the industrial robotics market and the leading countries. The completed forecast showed that the global robotics market will continue to grow, thanks to the wider adoption of industrial robots, which will be used in new industries, the development of contactless user interfaces, which, among other things, will be implemented in the automotive applications, the focus on predictive maintenance and remote monitoring of equipment, as well as the transition of a large number of enterprises to digital management and full automation of existing equipment to improve the quality and productivity of processes. The authors show that in 2020 the global robotics market volume decreased due to the COVID-19 pandemic and major shift in production value chains, but in 2021 the indicator will grow again, but not so rapidly, at a more moderate pace. By 2025, the global industrial robotics market may exceed $61.4 billion, with a growth rate of 8.5%.

Suggested Citation

  • Marina S. Reshetnikova & Irina A. Pugacheva, 2022. "The Global Industrial Robotics Market: Development Trends and Volume Forecast," Research in Economic Anthropology, in: Current Problems of the World Economy and International Trade, volume 42, pages 187-195, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:reanzz:s0190-128120220000042018
    DOI: 10.1108/S0190-128120220000042018
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/S0190-128120220000042018/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/S0190-128120220000042018/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/S0190-128120220000042018/full/epub?utm_source=repec&utm_medium=feed&utm_campaign=repec&title=10.1108/S0190-128120220000042018
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/S0190-128120220000042018?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Industrial robotics; industry 4.0; cobots; artificial intelligence; China; USA; Germany; C01; C51; F01; O32; O57;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • F01 - International Economics - - General - - - Global Outlook
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:reanzz:s0190-128120220000042018. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.