Global Industrial Robots Market Projected to Grow at 10.7% CAGR, Reaching $98.82 Billion by 2029

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Industrial Robots Market Size Growth Forecast: What to Expect by 2025?
The size of the industrial robots market has been expanding swiftly in the past few years. It is projected to increase from $58.96 billion in 2024 to $65.7 billion in 2025, with a compound annual growth rate (CAGR) of 11.4%. The historical growth has been bolstered by economic expansion, lack of workforce, and state sponsorship.

How Will the Industrial Robots Market Size Evolve and Grow by 2029?
The market for industrial robots is projected to experience a significant increase in the upcoming years, expanding to a worth of $98.82 billion in 2029 with a compound annual growth rate (CAGR) of 10.7%. The expected growth during this forecast period can be associated with factors such as the COVID-19 pandemic, an escalation in healthcare spending, developments in the industrial sector, corporate mergers and acquisitions encouraging innovation, and an upsurge in investment. The predominant trends for the forecast period envisage companies honing their focus on producing collaborative robots, putting resources into state-of-the-art artificial intelligence technology, concentrating on cloud robots to boost the need for industrial robots across an array of end-user industries, investing in cutting-edge custom robots using machine learning and other technologies, and implementing automation technology to enhance productivity and procedural efficiencies.

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What Drivers Are Propelling the Growth of Industrial Robots Market Forward?
The lack of properly trained personnel is fueling the expansion of the industrial robot market. Production needs are increasing, and due to high demand, producers are unable to meet the supply owing to a lack of skilled workforce. There are two main reasons for the deficit of skilled labor - the existence of untrained workers, and the unavailability of trained professionals. In accordance with data from the Bureau of Labor Statistics, nearly 600,000 steady manufacturing jobs were left vacant in manufacturing companies throughout the country as of August 2023 due to a lack of aptly qualified workers in the US economy. Therefore, to sustain a large supply, manufacturers are choosing to incorporate robots into their operations. Implementing industrial robots enhances a company's productivity, efficiency, and effectiveness. As such, labor shortages lead to alternate opportunities such as integrating robots into the workforce.

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Which Emerging Trends Are Transforming the Industrial Robots Market in 2025?
One of the latest trends in the field of industrial robots is the use of Automated Mobile Robots (AMR). AMR's are specifically designed robots that transport materials throughout a factory floor or across a warehouse without the need for human assistance or guidance. Different types of AMRs include floor cleaners, forklifts, and pallet movers. For instance, Fetch Robotics, a company based in California, uses AMR to handle heavy loads in its warehouses. Their cloud computing system allows an operator to manage and scale all operations with the single click of a button. This not only mitigates the risk of employee injury, but also boosts the efficiency of their total operations.

What Are the Key Segments in the Industrial Robots Market?
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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Who Are the Key Players Shaping the Industrial Robots Market's Competitive Landscape?
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

What Geographic Markets Are Powering Growth in the Industrial Robots Market?
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

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