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Industrial Robotics Market
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Industrial Robotics Market

Author: Chandra Mohan - Sr. Industry Consultant, Report ID - DS1205005, Published - November 2024

Segmented in Type (Articulated Robots, SCARA Robots, Cartesian Robots, Collaborative Robots), Application (Manufacturing, Automotive, Electronics, Healthcare), End User and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2023 – 2033

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Global Industrial Robotics Market Outlook

In the field of robotics automated systems are utilized to enhance production processes boost efficiency and maintain accuracy, in manufacturing and various other industrial operations. The market, for Industrial robotics was estimated at $16.3 billion in 2023. It is anticipated to increase to $34.7 billion by 2030 with projections indicating a growth to around $59.5 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 11.4% over the forecast period.


Robots are widely used in industries such as manufacturing, automotive, electronics and healthcare. The market is influenced by the progress in AI and machine learning the increasing use of automation and the rising need for robots, in fast paced industrial settings.


Market Size Forecast & Key Insights

2018
$16.3B2023
2028
$48B2033

Absolute Growth Opportunity = $31.7B

The Industrial Robotics market is projected to grow from $16.3 billion in 2023 to $48.0 billion in 2033. This represents a CAGR of 11.4%, reflecting rising demand across Manufacturing, Automotive and Electronics.

The Industrial Robotics market is set to add $31.7 billion between 2023 and 2033, with manufacturer targeting Automotive & Electronics Application projected to gain a larger market share.

With Rising automation in industries, and Advancements in ai and machine learning, Industrial Robotics market to expand 194% between 2023 and 2033.

Opportunities in the Industrial Robotics Market

Expansion in Emerging Markets

Expanding industrialization in emerging areas offers potential, for providers of industrial robotics.

Adoption in New Sectors and Integration with IoT and Cloud Platforms

The use of robots is expanding into unconventional industries such, as agriculture and retail. This wider range of applications showcases the versatility of these machines.

By integrating robotics with Internet of Things (IoT) and cloud technologies we can improve connectivity, efficiency and real time monitoring.

Growth Opportunities in North America and Asia-Pacific

Asia Pacific Outlook

The Asia Pacific region stands as the market for industrial robotics due to swift industrial development and governmental backing for automation initiatives. China along, with Japan and South Korea play roles in boosting market expansion with their thriving manufacturing and electronics sectors.

North America Outlook

North America excels in Industrial Robotics due to its cutting edge manufacturing techniques and widespread use in the healthcare industries with key players such as ABB and FANUC leading the way in innovation, within this geographical area.

North America Outlook

North America excels in Industrial Robotics due to its cutting edge manufacturing techniques and widespread use in the healthcare industries with key players such as ABB and FANUC leading the way in innovation, within this geographical area.

Asia-Pacific Outlook

The Asia Pacific region stands as the market for industrial robotics due to swift industrial development and governmental backing for automation initiatives. China along, with Japan and South Korea play roles in boosting market expansion with their thriving manufacturing and electronics sectors.

Growth Opportunities in North America and Asia-Pacific

Established and Emerging Market's Growth Trend 2024–2033

1

Major Markets : United States, China, Japan, Germany, South Korea are expected to grow at 8.3% to 12.0% CAGR

2

Emerging Markets : India, Vietnam, Brazil are expected to grow at 10.9% to 14.3% CAGR

Market Analysis Chart

The market for robotics is influenced by the rise of automation trends and the progress in artificial intelligence technology as well as the increasing need for collaborative robots; however it faces obstacles such as expensive costs and skilled labor demands. There are growth opportunities in emerging markets and untapped sectors that are projected to fuel additional expansion, in the industry.

Recent Developments and Technological Advancement

October 2024

ABB introduced a collaborative robot, with upgraded AI features.

July 2024

KUKA introduced a lightweight robotic arm for small and medium-sized enterprises

March 2024

Yaskawa unveiled a robotic system integrated with IoT for real-time monitoring

Latest advancements in the Industrial Robotics sector feature ABBs robots with AI capabilities and KUKAs emphasis on designs along with Yaskawas integration of IoT technology in their systems showcases a blend of innovation and flexibility, within the industry.

Impact of Industry Transitions on the Industrial Robotics Market

As a core segment of the Robotics industry, the Industrial Robotics market develops in line with broader industry shifts. Over recent years, transitions such as Shift Towards Smart Robotics and Focus on Lightweight Collaborative Robots have redefined priorities across the Robotics sector, influencing how the Industrial Robotics market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Shift Towards Smart Robotics:

By combining intelligence (AI) the Internet of Things (IoT) and cloud computing technologies together, in harmony helps enhance the intelligence and adaptability of industrial robots.

2

Focus on Lightweight Collaborative Robots:

Manufacturers are creating secure robots that are meant to assist human workers in various settings.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Robotics industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Robotics industry cascade into the Industrial Robotics market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Rising Automation in Industries, and Increasing Demand for Collaborative Robots

The increasing need for effectiveness and cost savings in labor fuels the integration of robotics, across different industries.
The demand, for robots that can also operate safely in changing environments is also driving the growth of robots.
AI integration enhances robotics capabilities allowing for more adaptable solutions.

Restraint: High Initial Investment, and Concerns Over Job Displacement

For companies the initial expenses associated with buying and incorporating industrial robots can be a significant hurdle.
Concerns are growing about the impact of automation on employment levels, in industries that rely heavily on manual labor.

Challenge: Skill Requirements

Operating and taking care of robotic systems requires trained individuals. However this expertise may not be accessible, in every area.

Supply Chain Landscape

Component Supplier

ABB

FANUC

System Integrator

KUKA

Yaskawa

Omron

End-User Industry
Industrial Manufacturers / Automotive OEMs / Electronics Manufacturers / Healthcare Facilities
Component Supplier

ABB

FANUC

System Integrator

KUKA

Yaskawa

Omron

End-User Industry

Industrial Manufacturers

Automotive OEMs

Electronics Manufacturers

Healthcare Facilities

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Leading Providers and Their Strategies

Application AreaIndustryLeading ProvidersProvider Strategies
Manufacturing
Industrial Manufacturers
ABB, KUKA
High-performance robots for automation
Automotive
Automotive OEMs
FANUC, Yaskawa
Robots for welding and assembly
Electronics
Electronics Manufacturers
Omron, Epson Robotics
Precision robotics for electronic components
Healthcare
Healthcare Facilities
Siemens Healthineers, Intuitive Surgical
Robots for medical device manufacturing and surgeries

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Industrial Robotics market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Industrial Robotics in Manufacturing, Automotive and Electronics

Manufacturing

Industrial robots improve assembly lines by automating tasks and increasing precision in production processes. Kukarenown for leading the way, in providing robotics solutions for the manufacturing industry.

Automotive

In the industry robots are essential for tasks like welding and painting cars to make the process efficient and safe; FANUC and Yaskawa lead in providing specialized robotic solutions, for this sector.

Electronics

In the electronics sector¸ robots are commonly used for intricate assembly tasks¸ managing circuit boards¸ and producing semiconductors¸ with companies such, as Epson Robotics and Omron focusing on robotics tailored for electronic functions.

Industrial Robotics vs. Substitutes:
Performance and Positioning Analysis

In todays industries Industrial Robotics play a role due to their unmatched precision, scalability and efficiency despite the cost effectiveness of other options, like manual automation.

Industrial Robotics
  • Manual Automation /
  • CNC Machines /
  • Additive Manufacturing Systems
    High precision and adaptability
    High costs and dependency on skilled operators
    Cost-effective and versatile
    Limited scalability and efficiency compared to robotics

Industrial Robotics vs. Substitutes:
Performance and Positioning Analysis

Industrial Robotics

  • High precision and adaptability
  • High costs and dependency on skilled operators

Manual Automation / CNC Machines / Additive Manufacturing Systems

  • Cost-effective and versatile
  • Limited scalability and efficiency compared to robotics

In todays industries Industrial Robotics play a role due to their unmatched precision, scalability and efficiency despite the cost effectiveness of other options, like manual automation.

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Research Methodology

This market research methodology defines the Industrial Robotics market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Robotics ecosystem, we analyze Industrial Robotics across Industrial Manufacturers, Automotive OEMs, and Electronics Manufacturers Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as ABB, KUKA, and FANUC by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Component Supplier, System Integrator, and End-User Industry. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Robotics revenues to estimate the Industrial Robotics segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Component Supplier (ABB, FANUC), System Integrator (KUKA, Yaskawa), and End-User Industry. Our parallel substitute analysis examines Manual Automation, CNC Machines, and Additive Manufacturing Systems, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as ABB, KUKA, and FANUC, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Industrial Robotics market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Industrial Robotics Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2024USD 18.2 billion
Revenue Forecast in 2033USD 48.0 billion
Growth RateCAGR of 11.4% from 2024 to 2033
Base Year for Estimation2023
Industry Revenue 202316.3 billion
Growth OpportunityUSD 31.7 billion
Historical Data2018 - 2022
Growth Projection / Forecast Period2024 - 2033
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 202316.3 billion USD
Market Size 202622.5 billion USD
Market Size 202828.0 billion USD
Market Size 203034.7 billion USD
Market Size 203348.0 billion USD
Market Size 203559.5 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredType, Application, End User
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledABB, KUKA, FANUC, Yaskawa, Omron, Epson Robotics, Siemens Healthineers, Intuitive Surgical, Kawasaki Robotics, Denso Robotics, Mitsubishi Electric and Universal Robots
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Industrial Robotics Market Size, Opportunities & Strategic Insights, by Type

4.1Articulated Robots
4.2SCARA Robots
4.3Cartesian Robots
4.4Collaborative Robots
Chapter 5

Industrial Robotics Market Size, Opportunities & Strategic Insights, by Application

5.1Manufacturing
5.2Automotive
5.3Electronics
5.4Healthcare
Chapter 6

Industrial Robotics Market Size, Opportunities & Strategic Insights, by End User

6.1Industrial Manufacturers
6.2Automotive OEMs
6.3Electronics Manufacturers
6.4Healthcare Facilities
Chapter 7

Industrial Robotics Market, by Region

7.1North America Industrial Robotics Market Size, Opportunities, Key Trends & Strategic Insights
7.1.1U.S.
7.1.2Canada
7.2Europe Industrial Robotics Market Size, Opportunities, Key Trends & Strategic Insights
7.2.1Germany
7.2.2France
7.2.3UK
7.2.4Italy
7.2.5The Netherlands
7.2.6Rest of EU
7.3Asia Pacific Industrial Robotics Market Size, Opportunities, Key Trends & Strategic Insights
7.3.1China
7.3.2Japan
7.3.3South Korea
7.3.4India
7.3.5Australia
7.3.6Thailand
7.3.7Rest of APAC
7.4Middle East & Africa Industrial Robotics Market Size, Opportunities, Key Trends & Strategic Insights
7.4.1Saudi Arabia
7.4.2United Arab Emirates
7.4.3South Africa
7.4.4Rest of MEA
7.5Latin America Industrial Robotics Market Size, Opportunities, Key Trends & Strategic Insights
7.5.1Brazil
7.5.2Mexico
7.5.3Rest of LA
7.6CIS Industrial Robotics Market Size, Opportunities, Key Trends & Strategic Insights
7.6.1Russia
7.6.2Rest of CIS
Chapter 8

Competitive Landscape

8.1Competitive Dashboard & Market Share Analysis
8.2Company Profiles (Overview, Financials, Developments, SWOT)
8.2.1ABB
8.2.2KUKA
8.2.3FANUC
8.2.4Yaskawa
8.2.5Omron
8.2.6Epson Robotics
8.2.7Siemens Healthineers
8.2.8Intuitive Surgical
8.2.9Kawasaki Robotics
8.2.10Denso Robotics
8.2.11Mitsubishi Electric
8.2.12Universal Robots