Press release
Industrial Robots Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Industrial Robots Market Size
The lack of professionally trained personnel is a key factor bolstering the expansion of the industrial robot market. Enhanced manufacturing demands have resulted in a gap between supply and demand due to the scarcity of qualified manpower. The dearth of qualified labor surfaces for two primary reasons: the influx of underqualified workforce and the unavailability of proficient workers. Bureau of Labor Statistics reports showcase that, as of August 2023, there was a dearth of nearly 600,000 steady manufacturing occupations that were yet to be filled all across the States. In an effort to sustain high supply, manufacturers are the leaning towards robot installations. The incorporation of industrial robots amplifies a firm's productivity, efficiency, and overall performance. Consequently, the manpower shortage paves the way for alternatives like the inclusion of robots in the workforce.
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What is the future CAGR of the industrial robots market, and how will it impact industry expansion?
The market size of industrial robots has seen a fast-paced expansion in the past few years. The market which is estimated to be worth $58.96 billion in 2024, is projected to escalate to $65.7 billion in 2025 with a compound annual growth rate (CAGR) of 11.4%. The increased growth recorded in the previous timeline can be linked to economic progress, a deficit in skilled labor, and assistance from the government.
The scale of the industrial robots market is projected to witness significant expansion in the forthcoming years. It anticipates growing to a substantial value of $98.82 billion in 2029, with a compound annual growth rate (CAGR) pegged at 10.7%. This growth during the forecast period is likely to be spurred by factors including the COVID-19 crisis, increasing healthcare expenditures, expanding industrial sector, strategic mergers and acquisitions to spur innovations, and the influx of investments. The forecast period is also expected to see prominent trends such as companies concentrating on the production of collaborative robots, investing in cutting-edge artificial intelligence technology, prioritizing cloud robots to boost demand from diverse end-user industries, investing in the most recent custom robots employing machine learning and other technologies, along with automation technology aimed at enhancing productivity and optimizing process efficiencies.
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What trends are poised to drive the future success of the industrial robots market?
In the realm of industrial robotics, one of the latest trends is the use of Automated Mobile Robots (AMR). These robots are engineered to transport materials throughout factory floors or warehouses with absolutely no need for human guidance. Some examples of AMRs include floor cleaners, forklifts and pallet movers. Fetch Robotics, a company based in California, employs an AMR to handle heavy cargo in its warehouses. The firm utilizes cloud computing technology which allows an operator to administer every operation simply by clicking a button. This not only eliminates the potential risk of injury to its workers, but it also boosts the overall operational efficiency.
Which key market segments comprise the industrial robots market and drive its revenue growth?
The industrial robots market covered in this report is segmented -
1) By Product Type: Articulated Robots, Linear Robots, Cylindrical Robots, Parallel Robots, Scara Robots, and Others
2) By Application: Pick And Plane, Wielding And Soldering, Material Handling, Assembling, Cutting And Processing, and Others
3) By End-User Industry: Automotive, Electrical And Electronics, Healthcare And Pharmaceuticals, Food And Beverages, Rubber And Plastics, Metals And Machinery, and Others
Subsegments:
1) By Articulated Robots: Multi-Joint Robots With Rotary Axes, Used In Assembly, Welding, And Material Handling
2) By Linear Robots: Also Known As Cartesian Robots, Operate Along Linear Axes For Pick-And-Place Tasks
3) By Cylindrical Robots: Robots With A Cylindrical Coordinate System, Used In Assembly And Spot Welding
4) By Parallel Robots: Robots With Parallel Kinematic Chains, Used In High-Speed, Precision Tasks Like Packaging
5) By Scara Robots: Selective Compliance Articulated Robot Arms, Ideal For Pick-And-Place, Assembly, And Packaging
6) By Others: Collaborative Robots (Cobots), Delta Robots For High-Speed Tasks, Spherical Robots For Specific Applications
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What regions are at the forefront of industrial robots market expansion?
Asia-Pacific was the largest region in the industrial robots in 2024. Western Europe was the second largest region in the global industrial robot market. The regions covered in the industrial robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the industrial robots market?
Major companies operating in the industrial robots market include ABB Ltd, Fanuc Corporation, Yaskawa Electric Corporation, Mitsubishi Electric Corporation, Kawasaki Heavy Industries, Ltd., KUKA AG, Qjar - Evs, Denso Corporation, Proviti, Siasun, Rinf.tech, Wandelbots, Estun, Effort, JAKA, MIP robotics, Epson India, Omron Corp, Nachi Fujikoshin, Servnews, Agile Robots, Youibot, Multivac UK, Fruitcore Robotics, Arus Defence, Campetella Robotic Centre, Seiko Epson, Codian Robotics B.V, Mech-Mind Robotics, Bluewrist Inc, Yuanda Robotics, I robots, Mecademic, Simplex Robotics, Schubert UK Ltd, Waypoint Robotics, Caionix, Boston Dynamics, Reliable Robotics LLC
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What Is Covered In The Industrial Robots Global Market Report?
• Market Size Forecast: Examine the industrial robots market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the industrial robots market for a structured understanding.
• Key Players Overview: Analyze major players in the industrial robots market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial robots market.
• Segment Contributions: Evaluate how different segments drive overall growth in the industrial robots market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial robots market.
• Industry Challenges: Identify potential risks and obstacles affecting the industrial robots market.
• Competitive Landscape: Review strategic developments in the industrial robots market, including expansions, agreements, and new product launches.
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