Robot Operating System Market To Reach $1,214.9 Million By 2030

 August 2024 | Report Format: Electronic (PDF)

Robot Operating System Market Growth & Trends

The global robot operating system market size is expected to reach USD 1,214.9 million by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 13.9% from 2024 to 2030. The robot operating system (ROS) is a comprehensive collection of tools and frameworks designed for developing and controlling robotic systems. ROS is shaping the future of robots in business, enterprise, and development. Traditionally, designing the embedded software in robots was the domain of robotic researchers and designers. Today, Ubuntu serves as the primary base for ROS due to its adaptability and user-friendliness. Being an open-source platform, ROS allows researchers and programmers to write and reuse code for various robotics applications. A global community of engineers and programmers, known as the “robot operating system,” is dedicated to advancing and enhancing ROS’s usability, aiming to make robots accessible worldwide.

Industrial automation is a key driver of economic transformation, reshaping industries and economies globally. Continuous advancements in digital technologies and the adoption of automation solutions have led to significant increases in productivity, efficiency, and competitiveness across various sectors. Automated systems offer superior speed, accuracy, and consistency, outperforming manual labor, especially in industries like manufacturing and logistics where routine processes are common. These advantages are expected to accelerate the adoption of industrial automation solutions, subsequently driving the growth of the ROS market.

While adopting ROS automation in a manufacturing environment might seem daunting, these solutions are now more feasible than ever and can significantly enhance a firm’s competitive advantage. Since the 1990s, there has been a substantial increase in robot production, leading to reduced costs for such machinery. Consequently, the growing adoption of automation in the manufacturing sector has driven the use of ROS, presenting a significant opportunity for the growth of the market for robot operating system.

Moreover, the Industrial Internet of Things (IIoT) and e-commerce platforms offer SMEs new capabilities to utilize ROS platforms for delivering customized services and products. This is expected to facilitate their international expansion and growth into micro-multinational corporations, creating new jobs and income, fostering innovation, and enhancing productivity. Consequently, this will drive the adoption of ROS across various industry verticals.

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Robot Operating System Market Report

Robot Operating System Market Report Highlights

• Based on offering, the SCARA robots segment led the market and accounted for 26.1% of the global revenue in 2023. This growth is driven by several factors, including increasing adoption across various industries such as automotive, electronics, pharmaceuticals, and consumer goods.
• The articulated robots segment is estimated to grow significantly over the forecast period. The integration of advanced technologies such as artificial intelligence and machine learning is enhancing the capabilities of articulated robots, allowing for more adaptive and efficient operations.
• Based on enterprise size, the mapping and navigation segment dominated the market in 2023. The mapping and navigation capabilities within robot operating systems are experiencing significant growth, driven by a confluence of technological advancements and increasing demand across various industries.
• On the other hand, the home automation and security segment are projected to grow significantly over the forecast period. The growth is driven by a convergence of technological advancements and increasing consumer demand for smart home solutions.
• Based on deployment, the metal and machinery segment accounted for the largest market revenue share in 2023. is experiencing significant growth in the adoption of Robot Operating System (ROS) applications, driven by the increasing demand for industrial automation and the need for more flexible, efficient manufacturing processes.
• The automotive segment, on the other hand, is predicted to foresee significant growth in the forecast period. This growth is driven by the increasing demand for automation and the need for more precise, efficient manufacturing processes.
• Based on end use, the BFSI segment accounted for a leading revenue share of the market in 2023. In recent years, artificial intelligence (AI) and machine learning technologies have been increasingly adopted in the banking, financial services, and insurance (BFSI) industry to boost operational efficiency and enhance the consumer experience.

Robot Operating System Market Segmentation

Grand View Research has segmented the global Robot Operating System market based on robot type, application, end use and region:

Robot Operating System (ROS) Robot Type Outlook (Revenue, USD Million, 2017–2030)

• Articulated Robots
• Cartesian Robotics
• Collaborative Robots
• SCARA Robots
• Others

Robot Operating System (ROS) Application Outlook (Revenue, USD Million, 2017–2030)

• Pick and Place
• Plastic Injection and Blow Molding
• Testing and Quality Inspection
• Metal Sampling and Press Trending
• End of Line Packaging
• Mapping and Navigation
• Inventory Management
• Home Automation and Security
• Personal Assistance

Robot Operating System (ROS) End Use Outlook (Revenue, USD Million, 2017–2030)

• Automotive
• Electrical and Electronics
• Metal and Machinery
• Plastics
• Rubber and Chemicals
• Food and Beverages
• Healthcare
• Others

Robot Operating System (ROS) Regional Outlook (Revenue, USD Million, 2017–2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Latin America
• Brazil
• Mexico
• Middle East and Africa (MEA)
• Kingdom of Saudi Arabia
• UAE
• South Africa

List of Key Players operating in Robot Operating System Market

• Universal Robotics
• ABB Ltd.
• FANUC
• KUKA AG
• Yaskawa Electric Corporation
• Denso
• Microsoft
• Omron Corporation
• iRobot Corporation
• Clearpath Robots

North America Office Furniture Market To Reach $28.27 Billion By 2030

 August 2024 | Report Format: Electronic (PDF)

North America Office Furniture Market Growth & Trends

The North America office furniture market size is anticipated to reach USD 28.27 billion by 2030, growing at a CAGR of 5.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for office furniture in both the U.S. and Canada is experiencing robust growth driven by expanding business environments, rapid development of IT parks, and a surge in startups and corporate expansions. In the U.S., the tech industry’s resurgence in office leasing, despite ongoing remote work trends, highlights a major driver for the office furniture market. Similarly, in Canada, government initiatives and real estate developments aimed at fostering tech sectors are creating a strong demand for ergonomic, technologically integrated, and sustainable office furniture solutions.

Workplace design plays a pivotal role in enhancing employee productivity by optimizing office space, prioritizing ergonomic furniture placement, and ensuring comfort. Addressing issues like Repetitive Stress Injury (RSI) caused by poor posture and inadequate furniture setup is crucial as employees spend longer hours at their desks. Modern office designs that incorporate ergonomic principles not only improve physical well-being but also foster a more engaged and productive workforce. Therefore, there is a rising demand for ergonomic office furniture to further elevate workplace efficiency.

Recently, companies have been emphasizing the selection of office furniture that enhances employee comfort and productivity. Ergonomic chairs are particularly popular due to their ability to support long work hours effectively. Moreover, multifunctional furniture solutions are gaining traction among offices with limited fit-out budgets, catering to diverse workplace needs.

U.S. office furniture companies are expanding their manufacturing capabilities to foster industry growth, emphasizing strategic facility locations, partnerships, advanced technologies, and sustainability. For instance, in May 2023, Ashley Furniture Industries Inc. constructed a new one-million-square-foot facility in Avondale, Arizona, comprising office space, manufacturing facilities, a call center, retail display area, and warehouse space to meet increasing demand efficiently.

The market is moderately fragmented, featuring numerous local and domestic manufacturers alongside aspiring small and medium-scale enterprises seeking entry. Key players such as Herman Miller Inc., Steelcase Inc., HNI Corporation, Haworth Inc., and Ashley Furniture Industries Inc. are focusing on transparency regarding their raw materials, certifications, and product functionalities to enhance their competitive positioning.

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North America Office Furniture Market Report

North America Office Furniture Market Report Highlights

• In 2023, seating furniture held a significant revenue share, driven by increasing awareness of health issues related to poor posture and changing work cultures favoring collaborative designs like L-shape desks. The demand for seating furniture is expected to grow further due to customization options that cater to diverse office layouts and personal preferences.
• In 2023, corporate segment accounted for a substantial revenue share, driven by the rise of startups emphasizing flexible and comfortable workplace environments. This trend has boosted demand for versatile, modular office furniture capable of adapting to dynamic team sizes and project requirements.
• The e-commerce sales of office furniture are expected to grow at a significant CAGR from 2024 to 2030. This is attributed to the increasing consumer preference for online shopping due to convenience, wider product selection, and competitive pricing offered by e-commerce platforms. Additionally, advancements in digital technology, such as virtual showrooms and online configurators, are enhancing the online shopping experience for office furniture, further boosting sales through digital channels.
• In 2023, the U.S. market accounted for a substantial revenue share. The shift towards remote work and technological advancements has driven demand for flexible, ergonomic furniture solutions. Post-pandemic office reopenings and renovations have further driven the product demand. Additionally, the growing emphasis on sustainability and creating comfortable workspaces has prompted businesses to invest in premium office furniture to improve both productivity and employee well-being.

North America Office Furniture Market Segmentation

Grand View Research has segmented the North America office furniture market based on product, end-use, distribution channel, and country:

North America Office Furniture Product Outlook (Revenue, USD Billion, 2018–2030)

• Seating
• Desks & Tables
• Storage & Organization
• Partitions and Dividers
• Workstation & Cubicles
• Others

North America Office Furniture End-use Outlook (Revenue, USD Billion, 2018–2030)

• Government
• Corporate Offices
• Institutional
• Healthcare
• Others

North America Office Furniture Distribution Channel Outlook (Revenue, USD Billion, 2018–2030)

• Direct Sales
• Distributors/Wholesalers
• Contractors
• E-commerce
• Others

North America Office Furniture Country Outlook (Revenue, USD Billion, 2018–2030)

• North America
• U.S.
• Canada
• Mexico

List of Key Players in the North America Office Furniture Market

• Herman Miller Inc.
• Steelcase Inc.
• HNI Corporation
• Ashley Furniture Industries Inc.
• Haworth Inc.
• Teknion
• Global Furniture Group
• OKAMURA CORPORATION
• Virco Inc.
• 9to5 Seating LLC

Lubricant Additives Market Size To Reach $23.53 Billion By 2030

 August 2024 | Report Format: Electronic (PDF)

Lubricant Additives Market Growth & Trends

The global lubricant additives market size is anticipated to reach USD 23.53 billion by 2030, exhibiting a CAGR of 4.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for lubricant additives is projected to be driven by consumers’ growing focus on boosting vehicle performance coupled with the introduction of innovative and premium product offerings.

Future growth will depend highly on motor vehicle production and the miles covered by each vehicle. Moreover, the emergence of bio-based lubricants is likely to create lucrative growth opportunities for industry players. Major companies are investing in bio-lubricants since several regulations have been formulated by authorities, such as the EPA, to reduce emissions from vehicle engines.

Regulations from agencies such as REACH, U.S. EPA, etc., regarding the exposure of lubricant additive products to humans and the environment are likely to hinder product consumption. Furthermore, environmental concerns regarding waste generation, emissions, and disposal of additive components further restrain the market’s growth in the coming years.

However, increasing passenger car sales are driving the demand for various lubricants, such as brake fluids, engine oils, coolants, transmission oils, and greases. This surge in demand and increased supply volumes is a primary catalyst for the need for additive components and packages tailored specifically for automotive lubricants.

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Lubricant Additives Market Report

Lubricant Additives Market Report Highlights

• The friction modifiers segment is expected to witness the highest CAGR of 5.9% over the forecasted period. Friction modifier additives are primarily added to lubricants to reduce the surface friction between two surfaces. These modifiers reduce friction and increase lubricity for better fuel economy. Moreover, these modifiers find applications in passenger motor and gasoline engine oils. They are also added to fluids for manual and automatic transmission, power steering, industrial gears, metalworking, shock absorbers, and tractor hydraulic systems.
• The automotive lubricants application segment is likely to grow at the highest CAGR of 4.3% over the coming years. This is mainly due to increasing disposable income resulting in increasing sales of passenger and commercial cars, which in turn boosts the demand for lubricant additives. Furthermore, automakers require more powerful engine oils to reduce automobile maintenance needs, thereby bolstering the demand for lubricant additives.
• Asia Pacific is expected to witness the fastest growth of 5.1% over the forecasted period. The region is the most significant demand center for lubricant additives, with China dominating the region & global consumption volumes. Also, Asia Pacific has numerous companies operating in additive and lubricant manufacturing. Additionally, governmental initiatives such as the ‘Make in India’ program is likely to encourage domestic production of various consumer & industrial products over the forecast period. This, in turn, is expected to spur the demand for lightweight cars, alternative buildings, and industrial materials with improved performance of finished lubricants.
• In January 2024, BASF SE and Lubrizol signed an agreement to produce and distribute EMGARD and Plurasafe industrial products. This partnership will further expand both companies’ product offerings and market them to a wider customer base.

Lubricant Additives Market Segmentation

Grand View Research has segmented the global lubricant additives market based on product, application, and region:

Lubricant Additives Product Outlook (Volume, Kilotons; Revenue, USD Million; 2018–2030)

• Dispersants
• Viscosity Index Improvers
• Detergents
• Anti-wear Additives
• Antioxidants
• Friction Modifiers
• Others

Lubricant Additives Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018–2030)

• Automotive Lubricants
• Heavy Duty Motor Oil
• Passenger Car Motor Oil
• Others
• Industrial Lubricants
• General Industrial Oils
• Industrial Engine Oils
• Metalworking Fluids
• Others

Lubricant Additives Region Outlook (Volume, Kilotons; Revenue, USD Million; 2018–2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• Italy
• UK
• Russia
• Asia Pacific
• China
• India
• Japan
• South America
• Brazil
• Argentina
• Venezuela
• Colombia
• Chile
• Central America
• Costa Rica
• Guatemala
• Middle East
• Saudi Arabia
• UAE
• Bahrain
• Oman
• Kuwait
• Qatar
• Africa
• South Africa
• Nigeria
• Egypt

List of Key Players in the Lubricant Additives Market

• Afton Chemical Corp.
• BASF SE
• BRB International B.V.
• Chevron Oronite Company LLC
• Daelim Co. Ltd.
• Deutsche Oelfabrik Gesellschaft Fur Chemische Erzeugnisse M.B.H. & Co. Kg
• Dorf-Ketal Chemicals India Pvt. Ltd.
• Dover Chemical Corp.
• The Elco Corp. (Italmatch Chemicals S.p.A.)
• Eni S.p.A.
• Evonik Industries AG
• Infinium International Ltd.
• Jinzhou Kangtai Lubricant Additives Co. Ltd.
• King Industries, Inc.
• LANXESS AG
• Lehmann & Voss & Co. KG.
• Lubrizol Corp.
• Metall-Chemie GmbH & Co. KG
• Xinxiang Richful Lube Additive Co. Ltd.
• RT Vanderbilt Holding Company, Inc.