Press release
Top Robotics Market Poised to Hit $318.12 Billion by 2029 with Accelerating Growth Trends
Top Robotics Market Size
Top Robotics Market Size Growth Forecast: What to Expect by 2025?
In recent times, the leading robotics market size has seen explosive growth. It is projected to expand from $128.54 billion in 2024 to $155.54 billion in 2025, indicating a compound annual growth rate (CAGR) of 21.0%. This historical growth has been driven by a variety of factors, including an increased focus on minimizing human error, governmental push for robotics adoption, soaring demand for industrial robots, escalating use of robots in both industrial and domestic applications, and labor shortages.
How Will the Top Robotics Market Size Evolve and Grow by 2029?
The robotics market, which is preeminent, is anticipated to experience a surge in its growth over the impending years. Estimations have forecasted that by the year 2029, the market will expand to a worth of $318.12 billion, marking a compound annual growth rate (CAGR) of 19.6%. The expansion in the predicted timeline can be linked to increasing demands for cleaning robots, government aids for worker inadequacies, the flourishing of e-commerce and logistical sectors, escalating utilization of robots in the health sector, and an emphasis on sustainability and carbon footprint reduction. The forecast period is also expected to see major trends like the use of collaborative robots (cobots), advancements in AI, industrial automation, humanoid and social robots, and the concept of robotics as a service (raas).
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What Drivers Are Propelling the Growth of Top Robotics Market Forward?
The surge in the adoption of robots within the logistics industry is anticipated to contribute significantly to the expansion of the premier robotics market in the upcoming years. Logistics is defined as the complete process through which goods are purchased, warehoused, and transferred to their ultimate location. The inclusion of robotics in logistics paves the way for remote device interfacing, enabling human participation in the monitoring and management of robotic activities. This also contributes to reduced logistics expenses, accelerated cargo readiness, and more precise deliveries. For instance, the International Federation of Robotics, a US-based non-profit entity committed to the promotion and protection of the robotics sector, has reported that robot sales in the automotive division have seen an increase of 1%, setting a new record of 14,678 units installed in 2023. This follows a tremendous increase of 47% in installations in 2022, amounting to 14,472 units.
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Which Emerging Trends Are Transforming the Top Robotics Market in 2025?
Advancements in technology are driving significant changes in the leading robotics market. Innovations in technology have enabled manufacturers to deploy lightweight robots capable of handling multiple tasks and boosting productivity. Elements such as artificial intelligence, machine learning, and other burgeoning technologies have been integrated into robots to imitate human intelligence and handle certain human tasks. For example, ABB Robotics, a robotic and machine automation company based in Switzerland, introduced its next-generation robotics control platform, OmniCore, in June 2024. OmniCore is a fast, precise, and sustainable intelligent automation platform designed to empower, enrich, and future-proof businesses. It represents a shift towards a more flexible and enduring control architecture capable of fully integrating AI, sensor, cloud, and edge computing systems, enabling the development of the most sophisticated and autonomous robotic applications.
What Are the Key Segments in the Top Robotics Market?
The top robotics market covered in this report is segmented -
1) By Type: Top Industrial Robotics, Top Services Robotics
2) By Application: Handling, Welding And Soldering, Assembling And Disassembling, Dispensing, Other Applications
3) By End Use Industry: Automotive, Electrical And Electronics, Metals And Machinery, Food And Beverages, Pharmaceuticals And Cosmetics, Other End Use Industries
Subsegments:
1) By Top Industrial Robotics: Articulated Robots, SCARA Robots, Delta Robots, Collaborative Robots (Cobots), Cartesian Robots, Welding Robots, Material Handling Robots
2) By Top Services Robotics: Healare Robots, Cleaning Robots, Logistics And Warehouse Robots, Agricultural Robots, Security And Surveillance Robots, Educational Robots, Companion Robots
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Who Are the Key Players Shaping the Top Robotics Market's Competitive Landscape?
Major companies operating in the top robotics market include ABB Ltd., The Yaskawa Electric Corporation, FANUC Corporation, KUKA AG, Kawasaki Heavy Industries Ltd., Nachi-Fujikoshi Corp., Honda Motor Co. Ltd., Mitsubishi Electric Corporation, Denso Corporation, Seiko Epson Corporation, Universal Robots, Omron Adept Technology Inc., Stäubli, Comau, Yamaha Motor Co. Ltd., ST Robotics, CMA Robotics S.P.A., Daifuku Co. Ltd., Neato Robotics, SoftBank Robotics Group Corp., GE Inspection Robotics AG, Starship Technologies, Nuro Inc., Intuitive Surgical Inc., Dürr AG, igm Robotersysteme AG, Franka Emika GmbH, iRobot Corporation
What Geographic Markets Are Powering Growth in the Top Robotics Market?
Asia-Pacific was the largest region in the top robotics market in 2024. The regions covered in the top robotics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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The major manufacturers covered in this report
Pal Robotics
Blue Frog Robotics
Softbank Robotics
Vstone
Savioke
Ecovacs Robotics
AvatarMind
Robot Care System
Bossa Nova Robotics
Future Robotics
ASUS
Fellow Robots
Honda
Geographically, this report studies…
