The global industrial robotics market was around US$ 54 billion in 2023 and is estimated to reach US$ 163 billion by 2032, growing at a compound annual growth rate (CAGR) of 12.6% during the forecast period from 2024 to 2032.

An industrial robot is a sort of mechanical machine that is equipped with input to function automatically for the tasks that are linked with production in industries. These robots are reprogrammable, and the program can be shifted many times depending on the use and industrial needs.

Factors Influencing Market Growth

- The industrial robotics market has seen significant growth over the past decade because of the rise in demand for automation in manufacturing and production.

- The growth in the microelectronic industry demanding a larger number of robots is anticipated to propel the growth of the global industrial robot market.

Impact of COVID-19

The impact of the COVID-19 pandemic had a significant influence on the growth of the industrial robotics market. Following the outbreak, there has been a growing requirement for automated robots and systems, which has formed new opportunities in the market. Since the robots need minimal to no human input, the threat of potentially transferring the virus stayed low.

Regional Analysis

In 2023, Asia-Pacific dominated the global industrial robotics market in terms of revenue. This is attributed to the growth in China, Japan, Taiwan, India, and Australia investing heavily in research and development infrastructure developments. Such industrial robotics market trends are anticipated to propel the growth of the industrial robotics market.

Leading Companies

The leading prominent companies profiled in the global industrial robotics market are: -

- ABB Ltd. (ABB Robotics)
- Daihen Corporation
- Denso Corporation (Denso Robotics)
- Fanuc Corporation
- Kawasaki Heavy Industries Ltd.
- Kuka Robotics Corporation
- Mitsubishi
- Electric Corporation
- Nachi-Fujikoshi Corporation (Nachi Robotic Systems)
- Panasonic Corporation
- Seiko Epson Corporation
- Universal Robots A/S
- Yaskawa Electric Corporation
- Other prominent key players

Segmentation Outline

The global industrial robotics market segmentation focuses on Type, End-user Industry, Function, and Region.

Segmentation based on Type

- Articulated
- Cartesian
- SCARA
- Cylindrical
- Others

Segmentation based on End User Industry

- Automotive
- Electrical and Electronics
- Chemical Rubber and Plastics
- Manufacturing
- Food and Beverages
- Others

Segmentation based on Function

- Soldering and Welding
- Materials handling
- Assembling and Disassembling
- Painting and Dispensing
- Milling, Cutting, and Processing
- Others

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa