Industrial RoboticsProcurement Intelligence

The global industrial robotics category is anticipated to grow at a CAGR of 10.5% from 2023 to 2030.

Growth of the category can be attributed to increased focus on ensuring workplace safety, rising attention for increasing the productivity of assembly lines supporting high volumes, increasing need for collaborative robots across multiple industries, higher adoption of Industry 4.0, and stringent federal guidelines for handling dangerous goods and materials. However, challenges pertaining to integration and complexities associated with the product offered in the category may hinder the global demand. Interoperability is essential in any manufacturing facility and small medium enterprises (SMEs) are particularly challenged by interoperability concernsbecause of their exceptional needs and staffing shortages when it comes to setting up sophisticated automation systems.

Order your copy of the Industrial Robotics category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Industrial Robotics Procurement Intelligence Report Scope

The Industrial Robotics category is expected to have pricing growth outlook of 10% - 15% decrease (Annually) from 2023 to 2030, with below pricing models.

• Cost-plus pricing
• Fixed pricing

Supplier Selection Scope of Report

• Cost and pricing
• Past engagements
• Productivity
• Geographical presence

Supplier selection criteria of Report

• Years in service
• geographic service provision
• certifications
• types of robots for different applications
• degree of freedom
• load capacity
• speed
• customization options
• technical support
• others

Industrial Robotics Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

• Market Intelligence along with emerging technology and regulatory landscape
• Market estimates and forecasts from 2022 to 2030
• Growth opportunities, trends, and driver analysis
• Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, suppliers recent developments
• Porters 5 forces
• Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
• Engagement and operating models, KPI, and SLA elements
• LCC/BCC analysis and negotiation strategies
• Peer benchmarking and product analysis
• Market report in PDF, Excel, and PPT and online dashboard versions

Industrial RoboticsProcurement Cost and SupplierIntelligence

Purchase cost (cost of robot, cost of training, and extended warranty costs), power consumption, maintenance cost and downtime cost are the key components that constitutes the total cost of ownership for the products offered in this category. The purchase cost constitutes 50% - 80% of total cost, therefore, it is recommended to the products reliability into account because low reliability would result in significant downtime and spare component costs (which are included in maintenance costs) that increase overall operational costs. Without a robot downtime history record, it can be challenging to assess the cost of robot downtime. Purchasing a new industrial robot will cost over USD 24,900 for entry-level options and go up-to over USD 99,900 for higher tech versions. The price depends on number of factors, such as the end-of-arm tool (EOAT), software, teach pendant, controller, etc. The ultimate cost of a robot can be greatly influenced by any of these add-ons.

Asia-Pacific region dominates the global industrial robotics category, holding over 64.9% of global market share. Many firms and sectors in this region utilize industrial robots in their manufacturing operations. Moreover, this region possesses substantial growth potential due to the increasing trend toward artificial intelligence, automation, and the development of other cutting-edge technologies. The Middle East Africa region is anticipated to witness the fastest growth during the projected timeframe owing to the growing number of industrial initiatives being undertaken by the governments of various nations in this region. For instance, in 2022, the crown prince of Dubai launched a robotic automation program with an objective to boost the adoption of robotics in the nation. Furthermore, assessing if the robotic solution offered by the supplier supports the required application area, thoroughly reviewing the warranty terms offered by the supplier, evaluating if the supplier is capable to offer technical support post sales, negotiating on the best pricing term for the product on offer are some of the best sourcing practices considered in this category.

List of Key Suppliers

• ABB Ltd (ABB Robotics)
• Comau S.p.A.
• DENSO Products Services Americas, Inc.
• FANUC Corporation
• IRS Robotics
• Kawasaki Heavy Industries, Ltd.
• KUKA AG
• Mitsubishi Electric Corporation
• Nachi-Fujikoshi Corp.
• OMRON Corporation
• Techman Robot Inc.
• Yaskawa Electric Corporation

Add-on Servicesprovided by Grand View Research Pipeline:

• Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

• Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

• Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

• Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: MAs, technological innovations, expansion, litigations, bankruptcy etc.

Browse through Grand View Researchs collection of procurement intelligence studies:

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Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization.Pipeline division at Grand View Researchprovides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

• Market Intelligence involving market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions