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Industrial Robotics Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Industrial Robotics Market
The increasing need for industrial automation is expected to propel the growth of the industrial robotics market. Industrial automation integrates various technologies to automate processes and improve efficiency. Robotics is a key component of automation, providing advanced capabilities, flexibility, and safety. According to Rockwell Automation, 95% of manufacturers are using or evaluating smart manufacturing technologies. As the demand for automation rises, so does the industrial robotics market.
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What is the projected compound annual growth rate (CAGR) of the industrial robotics market from 2025 to 2034, and what factors influence it?
The industrial robotics market is set to grow from $46.4 billion in 2024 to $53.59 billion in 2025 at a CAGR of 15.5%, driven by automation trends, labor cost reduction, and mass production needs.
The industrial robotics market is expected to expand to $94.17 billion by 2029 at a CAGR of 15.1%, fueled by applications in non-industrial sectors, robotic miniaturization, customized solutions, sustainability initiatives, and remote operation capabilities. Trends include predictive maintenance, cloud-based robotics, robotics-as-a-service (RaaS), human-robot collaboration, and blockchain for supply chain transparency.
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How are the latest trends influencing the growth of the industrial robotics market?
In the industrial robotics market, companies are developing human collaboration robots to enhance interaction and cooperation between humans and machines. Yasaka Electric Corporation introduced the MOTOMAN-HC30PL robot in August 2022. This collaborative robot, with a 30 kg payload capacity, is designed for palletizing tasks, featuring safety functions and adaptability for efficient industrial applications.
What are the major segments of the industrial robotics market and their role in driving growth?
The industrial robotics market covered in this report is segmented -
1) By Type: Articulated Robots, Cartesian Coordinate Robots, Cylindrical-Coordinate Robots, Spherical Coordinate Robots, Selective Compliance Assembly Robot Arm (SCARA) Robots, Other Types
2) By Application: Welding And Soldering, Material Handling, Assembling And Disassembling, Dispensing, Processing, Other Applications
3) By End-User: Automotive, Electrical And Electronics, Metals And Machinery, Plastics, Rubbers, And Chemicals, Food And Beverages, Precision Engineering And Optics, Pharmaceuticals And Cosmetics, Other End Users
Subsegments:
1) By Articulated Robots: 6-Axis Robots, 7-Axis Robots, Heavy Duty Articulated Robots
2) By Cartesian Coordinate Robots: Linear Robots, Gantry Robots, Pick-and-Place Robots
3) By Cylindrical-Coordinate Robots: Radial Arm Robots, Polar Coordinate Robots
4) By Spherical Coordinate Robots: Polar Robots: Multi-axis Spherical Robots
5) By Selective Compliance Assembly Robot Arm (SCARA) Robots: 4-Axis SCARA Robots, High-speed SCARA Robots
6) By Other Types: Delta Robots, Collaborative Robots (Cobots), Parallel Robots (Platform Robots), Humanoid Robots
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Which regions are key players in the growth of the industrial robotics market?
Asia-Pacific was the largest region in the industrial robotics market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the industrial robotics market?
Major companies operating in the industrial robotics market are Panasonic Corporation, Denso Corporation, Mitsubishi Electric Corporation, ABB Group, Yamaha Motor Pvt. Ltd., Kawasaki Heavy Industries Ltd., Seiko Epson Corporation, Dover Corporation, Bosch Rexroth AG, Omron Corporation, FANUC CORPORATION, SMC Corporation, Dürr Group, YASKAWA Electric Corporation, KUKA AG, Nachi-Fujikoshi Corporation, Comau SpA, Stäubli International AG, Daihen Corporation, Shibaura Machine Co. Ltd., Siasun Robot & Automation Co. Ltd., Estun Automation, Hirata Corporation, Hyundai Robotics, Universal Robots A/S, Aurotek Corporation, Techman Robot Inc., Doosan Robotics, ICR Services, b+m surface systems GmbH, Rethink Robotics GmbH
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What Is Covered In The Industrial Robotics Global Market Report?
•Market Size Forecast: Examine the industrial robotics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the industrial robotics market for a structured understanding.
•Key Players Overview: Analyze major players in the industrial robotics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial robotics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the industrial robotics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial robotics market.
•Industry Challenges: Identify potential risks and obstacles affecting the industrial robotics market.
•Competitive Landscape: Review strategic developments in the industrial robotics market, including expansions, agreements, and new product launches.
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