Connect with us

Technology

AI’s Impact on Industrial Robotics Services Market, Projected Growth of USD 7.46 Billion (2024-2028) Amid Rising Demand – Technavio Report

Published

on

NEW YORK, Aug. 23, 2024 /PRNewswire/ — The global industrial robotics services market size is estimated to grow by USD 7.46 billionn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.59%  during the forecast period. Surge in demand for industrial robots is driving market growth, with a trend towards technological innovations in industrial robotics services. However, high cost of services  poses a challenge. Key market players include ABB Ltd., Carl Cloos Schweisstechnik GmbH, Daihen Corp., DENSO Corp., Durr AG, FANUC Corp., General Electric Co., Hans Laser Technology Industry Group Co. Ltd., Jenoptik AG, Kawasaki Heavy Industries Ltd., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., OMRON Corp., Panasonic Holdings Corp., Seiko Epson Corp., Staubli International AG, Teradyne Inc., Universal Robots AS, and Yaskawa Electric Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Industrial Robotics Services Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.59%

Market growth 2024-2028

USD 7465.4 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.07

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 39%

Key countries

US, China, Japan, Germany, and South Korea

Key companies profiled

ABB Ltd., Carl Cloos Schweisstechnik GmbH, Daihen Corp., DENSO Corp., Durr AG, FANUC Corp., General Electric Co., Hans Laser Technology Industry Group Co. Ltd., Jenoptik AG, Kawasaki Heavy Industries Ltd., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., OMRON Corp., Panasonic Holdings Corp., Seiko Epson Corp., Staubli International AG, Teradyne Inc., Universal Robots AS, and Yaskawa Electric Corp.

Market Driver

Industrial robotics services are experiencing innovation driven by system integrators leveraging advanced technologies like the Internet of Things (IoT) and software platforms. These solutions primarily enhance commissioning and programming processes. Notable software offerings include ABB’s StampSynchro, StampWare, and StampMaster, YASKAWA ELECTRIC’s Advanced PP Customization software development kit (SDK), KUKA (Midea Group)’s KUKA.HMI, and FANUC’s Controller R-30iB. Vendors are also focusing on enhancing robot cell reconfigurability, with offerings like ReconCell, suitable for SMEs producing in small batches. ReconCell integrates force-based control, adaptation capabilities, 3D vision systems, exchangeable grippers, learning, interchangeable sections, and modular frame design. As vendors continue to advance industrial robotics services through simulation, programming, commissioning, and reconfigurability, more end-users will adopt these solutions to boost productivity, thereby fueling market growth during the forecast period. 

Industrial robotics is a growing market driven by automation needs across various industries. Key trends include the use of accessories like actuators and communication interfaces for customizability. Agriculture and construction sectors are adopting collaborative robots (cobots) for tasks like harvesting and construction. AI-enabled robots, such as those used in blood sample testing and high-tech testing labs, are revolutionizing industries like healthcare and electronics. Automotive and defense sectors are investing in robots for assembly lines and manufacturing defense equipment. Ground robots are being used in mining and construction. Existing infrastructure in sectors like cosmetics and food processing is being upgraded with robots for improved hygiene and productivity. Digitization and integration of robots with AVs and EVs are also driving growth. Initial capital expenditure can be a hindrance for enterprises, but the long-term benefits of increased efficiency and customizability outweigh the costs. Industrial robotics integrators play a crucial role in implementing factory automation techniques and ensuring seamless integration of hardware and controllers. 

Explore a 360° Analysis of the Market: Unveil the Impact of AI. For complete insights- Request Sample!

Market Challenges

Industrial robotics services involve various processes for end-users to deploy robots in their operations. Robot system integration includes contracts, bidding, evaluations, and software solutions for easy integration. Vendors need to invest significantly in system engineering to make the process smoother and reduce costs. Training sessions for operators and staff add to the total cost of ownership. Vendors should innovate to offer cost-effective solutions like virtual commissioning, offline programming, and simulation. High costs remain a significant challenge for the industrial robotics services market growth.The Industrial Robotics Services Market encompasses various industries such as metals & machinery, pharmaceuticals, rubber & plastic, and more. Robotics solutions are increasingly being adopted for tasks like packaging, production workflows, and even minimally invasive surgeries. Parallel, Scara, and Spherical robots are popular choices due to their payload-carrying capacity and workspace. Technological advancements in robotics include safety features like collision detection and teach pendants for easy programming. However, challenges persist. The production value chain must adapt to integrate robotics, requiring skilled workforce training. Traditional safety barriers in industries like residential sector and retail are being redefined. Robotics is transforming supply chain processes with smart manufacturing and unmanned vehicles. Despite these benefits, troubleshooting and safety concerns remain. Robot arms, vision systems, and mounting bases are essential components. The future of robotics lies in the seamless integration of robotic solutions into various industries, optimizing productivity, speed, and workforce skills.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This industrial robotics services market report extensively covers market segmentation by  

Application 1.1 Material handling1.2 Welding and soldering1.3 Assembly line1.4 OthersEnd-user 2.1 Healthcare and pharmaceuticals2.2 Automotive2.3 Food and beverages2.4 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Material handling-  The Industrial Robotics Services Market is experiencing significant growth due to increasing automation in manufacturing industries. Companies are investing in robotics to enhance productivity, improve quality, and reduce labor costs. Robotics services include installation, integration, maintenance, and training. Leading players in the market offer customized solutions to meet specific industry requirements. The market is expected to continue expanding as more businesses adopt automation to stay competitive.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Industrial Robotics Services Market is experiencing significant growth due to the increasing adoption of advanced robotic technologies in manufacturing and production processes. Collaborative robots, also known as cobots, are gaining popularity for their ability to work alongside human operators in shared workspaces. AI-enabled robots are revolutionizing industries by enabling automation and improving efficiency. Climate change is driving the demand for robotics in industries seeking to reduce labor wages and increase productivity. Hardware components such as robot arms, end effectors, vision systems, and IoT-based devices are essential for the functioning of industrial robots. Manipulator robots, equipped with safety features, are replacing traditional safety barriers in dedicated robot zones. Service robots are being used in professional and personal applications, from manufacturing to medical fields. Industrial robots come in various forms, from large manipulator robots to small collaborative robots. Actuators power the movement of these robots, while vision systems enable them to perceive and interact with their environment. The integration of Artificial Intelligence (AI) and collaborative capabilities is transforming the industrial robotics landscape, making human-robot collaboration safer and more efficient.

Market Research Overview

Industrial robotics is a dynamic and evolving market that encompasses various robotic solutions for automation in diverse industries. These robots include articulated, Cartesian, cylindrical, delta, gantry, parallel, and polar types, each designed for specific applications. Accessories such as actuators, communication interfaces, controllers, and mounting bases play crucial roles in their functionality. Industrial robots are increasingly being adopted in sectors like manufacturing, electrical & electronics, machinery, metals & machinery, automotive, defense, food-grade, pharmaceuticals, and agriculture. Robots are used for tasks like assembly, material handling, machine tending, loading and unloading, and packaging. Advancements in Artificial Intelligence (AI), IoT-based devices, and customizability have expanded robot applications. AI-enabled robots are now used in high-tech testing labs, medical, and logistics industries. Collaborative robots (cobots) are gaining popularity due to their ability to work alongside human operators, enhancing productivity and reducing labor wages. The agricultural sector is witnessing the integration of robots for tasks like crop monitoring, harvesting, and livestock care. Robots are also being used in the construction & demolition industry for tasks like bricklaying and debris removal. The production value chain is undergoing digitization, with robots being used to streamline production workflows and increase productivity. The initial capital expenditure for industrial robotics can be a hindrance for enterprises, but the long-term benefits in terms of productivity and efficiency make it a worthwhile investment. Robots are being used in various industries, from manufacturing to medical, to enhance productivity and streamline processes. From assembly lines to medical labs, robots are transforming the way we work. With advancements in technology, the possibilities for industrial robotics are endless.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationMaterial HandlingWelding And SolderingAssembly LineOthersEnd-userHealthcare And PharmaceuticalsAutomotiveFood And BeveragesOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/ais-impact-on-industrial-robotics-services-market-projected-growth-of-usd-7-46-billion-2024-2028-amid-rising-demand—technavio-report-302229427.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

CasinoPartiesLLC.com Expands Premier Casino Party Rentals in Manhattan, NY — Authentic Tables, Professional Dealers, Custom Packages for Corporate & Private Events

Published

on

By

Top-rated Manhattan casino party rental company offers fully staffed blackjack, roulette and craps experiences to elevate corporate events, weddings and private parties across New York City

MANHATTAN, N.Y., May 2, 2026 /PRNewswire-PRWeb/ — CasinoPartiesLLC.com, a leading provider of casino party rentals in Manhattan, NY, today announced expanded availability and new customizable event packages for corporate events, private parties, fundraisers and weddings throughout New York City. With authentic casino tables, professional and entertaining dealers, premium play-money chips and signage, CasinoPartiesLLC.com delivers a turnkey casino entertainment experience that brings the excitement of Las Vegas to Manhattan venues.

“CasinoPartiesLLC.com delivers authentic casino table rentals and professional dealers throughout Manhattan, NY — offering turnkey, customizable packages that transform corporate events, weddings and fundraisers into high‑energy, engaging experiences across Midtown, Chelsea and the Upper East Side.”

Focused on delivering safe, legal and memorable experiences, CasinoPartiesLLC.com offers:

Casino table rentals: blackjack, roulette, craps, poker tables sized for intimate and large gatheringsProfessional dealers and croupiers trained in guest interaction and game managementFully customizable packages: themed décor, tournament-style play, prize support, and multi-table setupsPortable, all-inclusive service: setup, teardown, on-site management, and event coordinationService across Manhattan neighborhoods and greater NYC, including Midtown, Upper East Side, Chelsea, and downtown venues

“Our Manhattan clients want authentic casino entertainment without the hassle of sourcing equipment or personnel,” said Ismael Qureshi, CEO of CasinoPartiesLLC.com. “We specialize in seamless casino party rentals in Manhattan, NY, providing professional dealers and tailored packages that fit corporate budgets and private event needs while complying with local regulations.”

Benefits for Manhattan event planners and hosts:

Boost guest engagement with interactive casino entertainmentEasy logistics with single-vendor solutions for gaming, staffing and prize handlingScalable options for small private parties to large corporate galasProven experience executing events in Manhattan hotels, event spaces and private residences

Booking and availability:

CasinoPartiesLLC.com is currently accepting bookings for summer and fall events across Manhattan and greater New York City. Early reservations are recommended to secure preferred dates, table counts and themed packages.

About CasinoPartiesLLC.com:

CasinoPartiesLLC.com is a premier provider of casino party rentals in Manhattan, NY and the New York City area. Specializing in staffed casino tables, custom event packages and professional service, CasinoPartiesLLC.com helps event planners and hosts create high-energy, memorable experiences for corporate functions, weddings, fundraisers and private celebrations. For more information or to request a quote, visit https://www.CasinoPartiesLLC.com.

Media contact:

Ismael Qureshi

President

CasinoPartiesLLC.com

Phone: (917) 829-8481

Email: Sales@casinopartiesLLC.com

Website: https://www.CasinoPartiesLLC.com

Media Contact

Ismael Qureshi, ISH Events LLC, 1 (917) 829-8481, Ismael@CasinoPartiesLLC.com, CasinoPartiesLLC.com

View original content to download multimedia:https://www.prweb.com/releases/casinopartiesllccom-expands-premier-casino-party-rentals-in-manhattan-ny–authentic-tables-professional-dealers-custom-packages-for-corporate–private-events-302760531.html

SOURCE CasinoPartiesLLC.com

Continue Reading

Technology

PS Hogan highlights investments from Spring Economic Update 2026: Canada Strong for All to support Canada’s sport system

Published

on

By

CALGARY, AB, May 2, 2026 /CNW/ – In Budget 2025, we outlined our plan to build Canada Strong. Since then, we have moved fast to build the major infrastructure, homes and industries that grow Canada’s economy and create lasting prosperity; empower Canadians with better careers and a more affordable life; and protect our communities, our borders and our way of life.

We delivered concrete savings for Canadians while supporting key national priorities and keeping investments focused on results. We are maintaining a strong fiscal position, with the Spring Economic Update 2026 showing that projected deficits are lower over the fiscal horizon and that we are on track to meet our fiscal anchors.

The Spring Economic Update 2026 is the next step in our plan to build Canada Strong for All. It provides a clear update on the strength of Canada’s economy, giving Canadians confidence in our plan. It delivers targeted relief to make life more affordable, support workers and accelerate the construction of homes and major infrastructure. It also strengthens Canada’s competitiveness and economic growth while investing in strong, safe communities across the country.

Today, Corey Hogan, Parliamentary Secretary to the Minister of Energy and Natural Resources and Member of Parliament for Calgary Confederation, met with athletes at Foothills Athletic Park to highlight key investments in sport from the Spring Economic Update to build stronger and safer communities.

The Government of Canada is investing $755 million to support and expand Canada’s sport system, which will help athletes safely train and perform at the highest levels. This will increase sport participation across the country by strengthening national sport organizations, infrastructure and local sport communities.

Canada’s new government is transforming our economy from reliance to resilience. The Spring Economic Update 2026 ensures all Canadians can participate in building Canada strong and share in its success. Other key measures include:

The Canada Strong Fund — Canada’s first national sovereign wealth fund. This will invest in key, strategic Canadian projects and companies. While Canadians will benefit from these nation building projects through jobs, economic growth and greater security, the government is determined to ensure that Canadians also have a stake in the projects themselves. That’s why a unique and important feature of the Canada Strong Fund will be its new retail investment product. This allows Canadians to receive financial returns as we build Canada strong together.Team Canada Strong — a new nationwide effort to recruit, train and hire 80,000 to 100,000 new skilled trade workers by 2030–31. This initiative creates new opportunities for Canadians and attracts the workers needed to build more homes and major projects at speed and at scale.Building Stronger Communities — by making communities safer, more connected and more resilient. We are building more homes, getting tougher on crime and fraud and funding essential infrastructure, including small craft harbours that sustain coastal communities and local jobs. We are also investing to build healthier, safer and stronger Indigenous communities.

Our new government is building a Canada that is not just strong, but good; not just prosperous, but fair. A Canada that is not just for some, most of the time, but for all, at all times. We’re building Canada strong, for all.

Quote

“The Spring Economic Update 2026 builds on the momentum of our budget, combining strategic investments with sustained fiscal discipline to keep building Canada Strong for All — delivering prosperity today and strengthening our economy for tomorrow. At this pivotal moment in Canada’s history, we’re charting a course through the fog of uncertainty and global headwinds with strength, determination and ambition — and building one strong Canadian economy, by Canadians, for Canadians.”
— The Honourable François-Philippe Champagne, Minister of Finance and National Revenue 

“The Government of Canada is building Canada Strong by investing in what brings us together — our people, our communities and our athletes. By strengthening the foundation of Calgary and  Canada’s sport system, we are building a resilient economy and strong communities for all.”
— Corey Hogan, Parliamentary Secretary to the Minister of Energy and Natural Resources and Member of Parliament for Calgary Confederation

Quick Facts

The Spring Economic Update 2026 proposes to provide $755 million over five years, starting in 2026–27, and $118 million ongoing to Canadian Heritage to support Canada’s sport system to: Host and compete with the best: $50 million over five years to bring more world-class sporting events to Canada. Funding will be tied to legacy-building projects that deliver lasting benefits well beyond the events themselves. Facilities built or upgraded for major events will continue to serve communities, support grassroots participation and strengthen local sport systems for years to come. Support our athletes in performing at the highest levels: $45 million over five years and $8 million ongoing to help our athletes train, compete and perform, including support for better mental health and funding that will be linked to robust safe sport measures and frameworks. These actions will strengthen the sport system and respond to some of the findings of the Final Report of the Future of Sport in Canada Commission while the government continues to consider all of its Calls to Action. Get more Canadians involved in sport: $660 million over five years and $110 million ongoing for National Sport Organisations, increasing funding that has remained largely unchanged since 2005, so that they can invest in a strong and safe sport system and grow participation among children and youth nationwide.

Related products

Spring Economic Update 2026: Canada Strong for AllSpring Economic Update 2026: Key MeasuresSpring Economic Update 2026: Address by the Minister of Finance and National Revenue  

Follow Natural Resources Canada on LinkedIn

SOURCE Natural Resources Canada

Continue Reading

Technology

POVADDO AND PROLEGIS ANNOUNCE STRATEGIC PARTNERSHIP TO EXPAND ACCESS TO PUBLIC POLICY PROFESSIONALS FOR OPINION RESEARCH

Published

on

By

Partnership connects policy professionals using Prolegis’ modernized Congressional platform with Povaddo’s exclusive paid research panel, combining forces to serve the policymaking community

ST. LOUIS and WASHINGTON, May 2, 2026 /PRNewswire/ — Povaddo, a leading provider of public opinion and policy elite research, has announced a strategic partnership with Prolegis, a nonpartisan technology platform serving thousands of policy professionals in Congress and the advocacy community. The partnership will expand the reach of the Povaddo Panel—an exclusive network of nearly 5,000 public policy professionals worldwide—while providing Prolegis users new opportunities to contribute their expertise to policy research.

Prolegis provides nonpartisan technology solutions designed to modernize Congress. Built specifically for the policymaking community, the platform serves as a natural intersection where policy professionals and issue advocacy campaigns meet, making it an ideal environment for connecting researchers with the experts shaping public policy.

Beginning this month, users of the Prolegis platform will be invited to join the Povaddo Panel and become eligible to participate in research studies tailored specifically for public policy professionals.

“There is no shortage of so-called ‘expert network’ firms, but Povaddo is setting the standard when it comes to building the most rigorous and credible network of public policy professionals in the U.S. and beyond,” said William Stewart, President of Povaddo. “What makes Prolegis the right partner is the quality and relevance of their community—these are precisely the professionals our clients most want to hear from. Prolegis users are actively engaged in policy work daily, making them ideal participants for our research studies. This partnership will meaningfully accelerate our efforts.”

“Prolegis exists to serve the policy community with tools that make their work more effective,” said Jim Gianiny, CEO of Prolegis. “Partnering with Povaddo allows our users to contribute their expertise in a new way and take part in rigorous research that helps organizations better understand the policy landscape. It’s a natural extension of what our platform already does: connecting policy professionals with the resources and opportunities that matter to their work.”

Launched in 2018, the Povaddo Panel was built to meet growing demand for research insights from individuals who shape, influence, and analyze public policy as part of their daily work. Over the past eight years, the panel has grown to nearly 5,000 public policy professionals worldwide, including over 2,000 in the United States. Many panelists are former elected officials, including former Members of Congress.

This partnership is part of a broader period of momentum for Povaddo. The company recently announced it is launching a quarterly omnibus survey among public policy professionals in the United States and Europe.

“Companies and other organizations that want to understand what public policy professionals think—whether about their brand or an issue they are facing—now have a new way of doing that. Our new omnibus survey among public policy professionals fills an important need in the research services marketplace,” said Brooke Hayes, Executive Vice President of Povaddo, who oversees the Povaddo Panel and the firm’s new omnibus research service among public policy professionals.

Additionally, Povaddo recently released select findings from its survey of public policy professionals in the U.S. and Europe regarding their attitudes towards AI. In an era when political consensus is elusive, this study finds widespread agreement within policy communities on both sides of the Atlantic that government regulation of AI should be increased.

About Povaddo: Povaddo specializes in public opinion and policy elite research. Founded in 2009, Povaddo is recognized as a trusted advisor to top-tier organizations seeking to navigate complex issues management, strategic communications, corporate reputation, and business transformation challenges. Most of the firm’s clients sit within external affairs, corporate affairs, public affairs, government affairs, regulatory affairs, scientific affairs, corporate communications, business planning and strategy. For more information, please visit www.povaddo.com.

About Prolegis: Prolegis provides nonpartisan technology solutions designed to modernize Congress. Built specifically for the policymaking community, Prolegis delivers innovative solutions, efficient tools, and engaging content, all on one easy-to-use platform. The platform serves Congressional staff, think tank scholars, and public affairs professionals, creating a unique intersection where policy expertise and advocacy meet. For more information, please visit www.prolegis.com.

Media Inquiries: William Stewart, +1 (855) 768-2336, stewart@povaddo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/povaddo-and-prolegis-announce-strategic-partnership-to-expand-access-to-public-policy-professionals-for-opinion-research-302760432.html

SOURCE POVADDO LLC

Continue Reading

Trending