Industrial Robotics Market Growth, Trends, Size, Revenue, Demand and Future Opportunities
Industrial Robotics Market Growth, Size, Trends Analysis - By Application, By End Use - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Feb-2025 | Report ID: IACT2529 | Pages: 1 - 246 | Formats*: |
| Category : Information & Communications Technology | |||
Industrial Robotics Market Introduction and Overview
According to SPER Market Research, the Global Industrial Robotics Market is estimated to reach USD 108.79 billion by 2034 with a CAGR of 10.19%.
The report includes an in-depth analysis of the Global Industrial Robotics Market, including market size and trends, Interface mix, Applications, and supplier analysis. Industrial robotics refers to automated, programmable machines designed to perform manufacturing and assembly tasks with high precision, speed, and efficiency. These robots are widely used in industries such as automotive, electronics, pharmaceuticals, and food processing to enhance productivity, reduce labor costs, and improve workplace safety. The market is growing due to increasing demand for automation, advancements in artificial intelligence (AI) and machine learning, and the rising adoption of collaborative robots (cobots) in small and medium enterprises. However, challenges such as high initial investment costs, integration complexities, and workforce displacement concerns hinder widespread adoption. Additionally, cybersecurity risks and the need for skilled technicians to operate and maintain robotic systems pose further barriers to market expansion.
By Application Insights: Based on Application the market is divided into seven segments: Handling, Assembling & Dissembling, Welding & Soldering, Cleanroom, Dispensing, Processing and Others. In 2024, the handling category held the greatest market revenue share. As enterprises need to automate the handling of heavy materials and goods, there is an increasing demand for high-payload robots. These robots are especially helpful in industries like construction, automotive, and aerospace where safety and accuracy are essential for labour-intensive jobs. By cutting down on the time and effort needed to handle big or heavy objects, high-payload robots increase productivity. By reducing human involvement in potentially dangerous lifting and hauling tasks, they help improve worker safety.
By End Use Insights: Based on End Use the market is divided into six segments: Automotive, Electrical/Electronics, Metal/Heavy Machinery, Chemical, Rubber, & Plastics, Food and Others. In 2024, the electrical and electronics sector accounted for a significant share of the market. For precision-driven operations like soldering, assembly, and component handling, the electrical and electronics sector is depending more and more on industrial robots. In the production of micro-sized components, where human involvement could result in mistakes or inefficiency, robots are indispensable. The requirement for accurate and reliable robotic assembly is critical as technologies such as wearables, smartphones, and Internet of Things devices get smaller. Cutting-edge robotics solutions with vision systems guarantee excellent results while lowering errors and rework.
By Regional Insights: In 2024, the industrial robots market in North America dominated the global market. Industrial robot adoption is booming in North America due to the need for innovative manufacturing solutions in sectors including logistics, automotive, and aerospace. Robots are being used by businesses to increase output, guarantee accuracy, and solve the labor shortage in high-skilled positions. The adoption of robots in this region is also being accelerated by government programs that favor automation and Industry 4.0 technology.
Market Competitive Landscape:
The market for Industrial Robotics is very competitive. Startups and mid-sized companies are focusing on AI-powered robots and flexible automation solutions. The rise of collaborative robots has intensified competition, with firms like Universal Robots leading in robot development. Some of the prominent players in Global Industrial Robotics Market are ABB Ltd., Comau SpA, Denso Corporation, Fanuc Corporation, Kawasaki Heavy Industries Ltd., KUKA AG, Mitsubishi Electric Corporation, Nachi-Fujikoshi Corp., Omron Corporation and Yaskawa Electric Corporation.
Recent Developments:
- In June 2024, RoboDK and KEBA Industrial Automation partnered to combine the capabilities of their respective systems, RoboDK and Kemro X. The goal of this partnership is to enable users to test different industrial robot configurations in the real world, enabling well-informed automation process decision-making. Customers will gain from greater testing and simulation capabilities through the integration of various platforms, which will ultimately increase robot deployment efficiency. This collaboration demonstrates a dedication to developing cutting-edge technological solutions to further industrial automation.
- In May 2024, Neura Robotics and OMRON formed a strategic alliance to use AI-enhanced cognitive robots into production processes. This partnership aims to improve safety protocols and operational efficiency in manufacturing settings by utilizing cutting-edge artificial intelligence. Both businesses hope to develop more intelligent, responsive robotic systems that can adjust to different production constraints by fusing their respective technologies. An important advancement in the development of industrial automation is represented by this project.
- In February 2024, Olis Robotics and Kawasaki Robotics partnered to provide customers with integrated solutions that increase production speed and reduce downtime expenses. Through this partnership, Olis remote error recovery technology may be implemented on Kawasakis robotic systems, facilitating quicker troubleshooting and operational disruption recovery. The collaboration aims to drastically cut downtime expenses by as much as 90% while giving users quick access to knowledgeable assistance. When combined, they seek to increase industrial settings' overall productivity and streamline processes.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Application, By End Use. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | ABB Ltd., Comau SpA, Denso Corporation, Fanuc Corporation, Kawasaki Heavy Industries Ltd., KUKA AG, Mitsubishi Electric Corporation, Nachi-Fujikoshi Corp., Omron Corporation, Yaskawa Electric Corporation and others. |
Key Topics Covered in the Report:
- Global Industrial Robotics Market Size (FY’2021-FY’2034)
- Overview of Global Industrial Robotics Market
- Segmentation of Global Industrial Robotics Market By Application (Handling, Assembling & Dissembling, Welding & Soldering, Cleanroom, Dispensing, Processing and Others)
- Segmentation of Global Industrial Robotics Market By End Use (Automotive, Electrical/Electronics, Metal/Heavy Machinery, Chemical, Rubber, & Plastics, Food and Others)
- Statistical Snap of Global Industrial Robotics Market
- Expansion Analysis of Global Industrial Robotics Market
- Problems and Obstacles in Global Industrial Robotics Market
- Competitive Landscape in the Global Industrial Robotics Market
- Details on Current Investment in Global Industrial Robotics Market
- Competitive Analysis of Global Industrial Robotics Market
- Prominent Players in the Global Industrial Robotics Market
- SWOT Analysis of Global Industrial Robotics Market
- Global Industrial Robotics Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Industrial Robotics Market Manufacturing Base Distribution, Sales Area, Interface Type6.2. Mergers & Acquisitions, Partnerships, Interface Launch, and Collaboration in Global Industrial Robotics Market
7. Global Industrial Robotics Market, By Application (USD Million) 2021-2034
7.1. Assembling & Dissembling7.2. Cleanroom7.3. Dispensing7.4. Handling7.5. Processing7.6. Welding & Soldering7.7. Others
8. Global Industrial Robotics Market, By End User (USD Million) 2021-2034
8.1. Automotive8.2. Electrical/Electronics8.3. Metal/Heavy Machinery8.4. Chemical, Rubber, & Plastics8.5. Food8.6. Others
9. Global Industrial Robotics Market, (USD Million) 2021-2034
9.1. Global Industrial Robotics Market Size and Market Share
10. Global Industrial Robotics Market, By Region, (USD Million) 2021-2034
10.1. Asia-Pacific
10.1.1. Australia10.1.2. China10.1.3. India10.1.4. Japan10.1.5. South Korea10.1.6. Rest of Asia-Pacific
10.2. Europe
10.2.1. France10.2.2. Germany10.2.3. Italy10.2.4. Spain10.2.5. United Kingdom10.2.6. Rest of Europe
10.3. Middle East and Africa
10.3.1. Kingdom of Saudi Arabia10.3.2. United Arab Emirates10.3.3. Qatar10.3.4. South Africa10.3.5. Egypt10.3.6. Morocco10.3.7. Nigeria10.3.8. Rest of Middle-East and Africa
10.4. North America
10.4.1. Canada10.4.2. Mexico10.4.3. United States
10.5. Latin America
10.5.1. Argentina10.5.2. Brazil10.5.3. Rest of Latin America
11. Company Profile
11.1. ABB Ltd.
11.1.1. Company details11.1.2. Financial outlook11.1.3. Interface summary11.1.4. Recent developments
11.2. Comau SpA
11.2.1. Company details11.2.2. Financial outlook11.2.3. Interface summary11.2.4. Recent developments
11.3. Denso Corporation
11.3.1. Company details11.3.2. Financial outlook11.3.3. Interface summary11.3.4. Recent developments
11.4. Fanuc Corporation
11.4.1. Company details11.4.2. Financial outlook11.4.3. Interface summary11.4.4. Recent developments
11.5. Kawasaki Heavy Industries Ltd.
11.5.1. Company details11.5.2. Financial outlook11.5.3. Interface summary11.5.4. Recent developments
11.6. KUKA AG
11.6.1. Company details11.6.2. Financial outlook11.6.3. Interface summary11.6.4. Recent developments
11.7. Mitsubishi Electric Corporation
11.7.1. Company details11.7.2. Financial outlook11.7.3. Interface summary11.7.4. Recent developments
11.8. Nachi-Fujikoshi Corp.
11.8.1. Company details11.8.2. Financial outlook11.8.3. Interface summary11.8.4. Recent developments
11.9. Omron Corporation
11.9.1. Company details11.9.2. Financial outlook11.9.3. Interface summary11.9.4. Recent developments
11.10. Yaskawa Electric Corporation
11.10.1. Company details11.10.2. Financial outlook11.10.3. Interface summary11.10.4. Recent developments
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Industrial Robotics Market is projected to reach USD 108.79 billion by 2034, growing at a CAGR of 10.19% during the forecast period.
Industrial Robotics Market grew in Market size from 2025. The Market is expected to reach USD 108.79 billion by 2034, at a CAGR of 10.19% during the forecast period.
Industrial Robotics Market CAGR of 10.19% during the forecast period.
Industrial Robotics Market size is USD 108.79 billion from 2025 to 2034.
Industrial Robotics Market is covered By Application, By End Use.
The North America is anticipated to have the highest Market share in the Industrial Robotics Market.
The key players in the Market include Companies Covered ABB Ltd., Comau SpA, Denso Corporation, Fanuc Corporation, Kawasaki Heavy Industries Ltd., KUKA AG, Mitsubishi Electric Corporation, Nachi-Fujikoshi Corp., Omron Corporation, Yaskawa Electric Corporation and others.
These robots are widely used in industries such as automotive, electronics, pharmaceuticals, and food processing to enhance productivity, reduce labor costs, and improve workplace safety. The market is growing due to increasing demand for automation, advancements in artificial intelligence (AI) and machine learning, and the rising adoption of collaborative robots (cobots) in small and medium enterprises.
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