Japan Industrial Robotics Market Forecast 2021-2026
The Japan industrial robotics market growth is projected to progress at a CAGR of 9.92% during the forecast period, 2021-2026. Japan is the predominant robot manufacturing country in the world, and manufactures 47% of the total robots globally. The labor shortage is one of the key drivers of market growth in Japan.
As per the International Federation of Robotics (IFR), Japan has 364 robots per 10,000 employees. The corporations are increasingly prioritizing the installation of cutting-edge technology and automation to address a shrinking labor force. Also, the government is assisting small and medium-sized enterprises (SMEs) in terms of investing in plant and equipment upgrades to promote automation. This is because there is a rising demand for automated systems and advanced industrial machinery and equipment. For instance, Mitsubishi Electric Corporation expanded its facility in Nagoya in March 2021 for industrial mechatronic products.
Furthermore, the country has consistently maintained its position as the top exporter of robots worldwide with regard to value for shipments and the number of operating units. Moreover, Japan is a leading country globally in the field of robotics with development and applied technologies and highly competitive research. Such factors enable growth opportunities.
Some of the major firms in the market include Seiko Epson Corporation, Nachi Fujikoshi Corporation, Fanuc Corporation, Kawasaki Heavy Industries Ltd, Mitsubishi Electric Corporation, etc.
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