Press release
Top Factor Driving Commercial Robots Market Growth in 2025: Industrialization Surge Fuels Commercial Robot Market Growth
Commercial Robots Market
The growth of industrialization is anticipated to propel the commercial robot market. Industrialization involves mechanizing production, utilizing energy sources, and organizing labor in large-scale factories, facilitating mass production and economic growth. The rise in industrialization is driven by advancements in manufacturing and the industrial revolution. Commercial robots help businesses replicate or assist human tasks, improving efficiency. In October 2023, China's industrial output increased by 4.6% year-over-year, exceeding forecasts. Therefore, industrialization is fueling the growth of the commercial robot market.
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What growth opportunities are expected to drive the commercial robots market's CAGR through 2034?
The commercial robots market has grown significantly in recent years. It will rise from $24.9 billion in 2024 to $30 billion in 2025, at a compound annual growth rate (CAGR) of 20.5%. This growth is driven by the increasing demand for automation, a growing need for efficiency and productivity, greater safety concerns, rising investments in research and development, the expanding role of robotics-as-a-service (RaaS), and increased adoption of collaborative robots (cobots) in industries like construction.
The commercial robots market is forecast to grow exponentially, reaching $62.4 billion by 2029 with a CAGR of 20.1%. The growth is driven by increasing automation demand, awareness of robotics benefits in healthcare, improvements in logistics, investments in robotic startups, and rising demand for autonomous vehicles. Trends include AI and machine learning integration, IoT adoption, smart factories, collaborative robots, robotic process automation (RPA), LiDAR sensor integration, telepresence robots, drones, and advances in robotic hardware.
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What are the emerging trends shaping the future of the commercial robots market?
Companies in the commercial robot market are investing in advanced technologies like third-generation delivery robots to enhance urban delivery services, boosting efficiency and customer satisfaction. A third-generation delivery robot is an autonomous delivery device that features upgrades in technology, functionality, and usability. In October 2024, Serve Robotics, Inc., a US company specializing in robotic delivery, launched an advanced third-generation robot for food and drink deliveries in Los Angeles. This robot offers increased capacity, improved speed, battery life, and enhanced weather resistance. It aims to lower delivery costs, support local commerce, and create new job opportunities within the gig economy.
Which growth-oriented segments of the commercial robots market are leading the industry's development?
The commercial robots market covered in this report is segmented -
1) By Type: Field Robots, Medical Robots, Autonomous Guided Robotics, Drones, Other Types
2) By Technology: Automatic, Semi-Automatic, Manual
3) By Application: Medical And Healthcare, Defense And Security, Agriculture And Forestry, Marine, Other Applications
Subsegments:
1) By Field Robots: Agricultural Robots, Construction Robots, Mining Robots
2) By Medical Robots: Surgical Robots, Rehabilitation Robots, Diagnostic Robots
3) By Autonomous Guided Robotics: Automated Guided Vehicles (AGVs), Automated Material Handling Systems
4) By Drones: Commercial Drones for Delivery, Surveillance Drones, Inspection Drones
5) By Other Types: Cleaning Robots, Security Robots, Retail Robots
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What regions are leading the charge in the commercial robots market?
North America was the largest region in the commercial robots market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the commercial robots market?
Major companies operating in the commercial robots market are Honda Motor Co. Ltd., Northrop Grumman Corporation, ABB Ltd., Omron Corporation, Yaskawa Electric Corporation, Kuka AG, Teradyne Inc., SICK AG, Techman Robot Inc., iRobot Corporation, SoftBank Robotics Group, UBTECH Robotics Corp Ltd., Pudu Technology Inc., Fourier Intelligence, Boston Dynamics, 3DR Inc., Sarcos Technology and Robotics Corporation, inVia Robotics Inc., PickNik Inc., Wingcopter, Vecow Co. Ltd., Robocath, Agrobot, Keenon Robotics Co. Ltd., Universal Robots A/S
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What Is Covered In The Commercial Robots Global Market Report?
•Market Size Forecast: Examine the commercial robots market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the commercial robots market for a structured understanding.
•Key Players Overview: Analyze major players in the commercial robots market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the commercial robots market.
•Segment Contributions: Evaluate how different segments drive overall growth in the commercial robots market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the commercial robots market.
•Industry Challenges: Identify potential risks and obstacles affecting the commercial robots market.
•Competitive Landscape: Review strategic developments in the commercial robots market, including expansions, agreements, and new product launches.
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