Press release
Industrial Robots Market: Steady Growth and Emerging Trends with CAGR of 11.4%
Industrial Robots Market
What Is The Projected Market Size Of The Global Industrial Robots Market And Its Growth Rate?
• The industrial robots market has witnessed substantial growth, going from $58.96 billion in 2024 to $65.7 billion in 2025, expanding at a CAGR of 11.4%. Major growth drivers in this period include economic growth, labor shortage, and government support.
• Future growth seems promising as the industrial robots market is slated to reach $98.82 billion in 2029, with a CAGR of 10.7%. Key trends propelling this growth include a rise in healthcare expenditure, growth in the industrial sector, and increasing investments amidst the COVID-19 pandemic.
What Is Driving The Growth In The Industrial Robots Market?
The industrial robot market has benefited from the ongoing labor shortage, a catalyst for soaring production requirements. This is due to two primary factors: unskilled laborers and the unavailability of skilled workers. For example, in August of 2023, nearly 600,000 stable manufacturing jobs were waiting to be filled in businesses across the US, as reported by the Bureau of Labor Statistics. Robots enhance productivity, efficiency, and effectiveness, and to maintain supply levels, many producers are opting for robot installations in the face of labor scarcity.
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Who Are the Key Players Driving Industrial Robots Market Growth?
The following major companies are driving the growth of the industrial robots market:
• ABB Ltd
• Fanuc Corporation
• Yaskawa Electric Corporation
• Mitsubishi Electric Corporation
• Kawasaki Heavy Industries, Ltd.
What Are The Key Trends In The Industrial Robots Market?
Notable trends in the industrial robots market include:
• A focus on manufacturing collaborative robots
• Investments in the latest artificial intelligence technology
• An emphasis on cloud robots to appeal to a variety of end-user industries
• Investments in custom robots using machine learning and other advanced technologies
• The use of automation technology to enhance productivity and process efficiencies.
What Are The Segments Of The Global Industrial Robots Market?
The global industrial robots market can be segmented by:
1) Product Type: Articulated Robots, Linear Robots, Cylindrical Robots, Parallel Robots, Scara Robots, and Others
2) Application: Pick And Place, Wielding And Soldering, Material Handling, Assembling, Cutting And Processing, and Others
3) End-User Industry: Automotive, Electrical And Electronics, Healthcare And Pharmaceuticals, Food And Beverages, Rubber And Plastics, Metals And Machinery, and Others
Which Region Leads The Industrial Robots Market?
In 2024, Asia-Pacific was the global leader in the industrial robots market, closely followed by Western Europe. The report covers other regions such as Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Industrial Robots Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Robots Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Robots Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Robots Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Robots Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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