The global industrial robotics market is estimated to surpass USD 220 billion by the end of 2033. The market is rising at a CAGR of 18.9% during the forecast period 2023 to 2033.Rising emphasis on enhancing the productivity of high-volume production lines, particularly in the manufacturing of semi-conductors and electronic devices is favoring the market growth.
East Asia is projected to emerge as the most remunerative industrial robotics market, accounting for more than 2/3rd of the revenue share by 2023. Based on end use category, automotive and electronics industries are anticipated to collectively account for a dominant share in the global market through 2033.
| Attribute | Details |
|---|---|
| Industrial Robotics Market Value (2023) | USD 39 billion |
| Industrial Robotics Market Forecast Value (2033) | USD 220 billion |
| Industrial Robotics Market CAGR (2023 to 2033) | 18.9% |
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Demand in the global industrial robotics market is projected to attain USD 39 billion 2023, exhibiting growth at 18.9% CAGR between 2017 and 2022. The sales of industrial robotics are estimated to significantly grow over the forecast period.
Increasing popularity of industrial robotics across multiple industries is encouraging market expansion. The immense popularity of this technology can be attributed to its multiple benefits such as increasing rate of operation, cost reduction, and quality enhancement.
The rising adoption of industrial robotics can be seen in food & beverage, electronics, metal & machinery, etc. These technologies are increasingly being used for large number of applications including painting, assembly, welding, palletizing, packaging & labeling, and product inspection.
Driven by this, industrial robotics accounted for more than 40% of the sales in the global robotics technology market in 2020.
| Attribute | Valuation |
|---|---|
| 2025 | USD 55.14 billion |
| 2028 | USD 92.68 billion |
| 2032 | USD 185.23 billion |
| Historical CAGR (2017 to 2022) | 12.2% |
|---|---|
| Forecast CAGR (2023 to 2033) | 18.9% |
The industrial sector has witnessed immense transformation from high labor-oriented manufacturing to automated technology-based manufacturing. Robots are playing a significant role in transforming the operations in various manufacturing industries.
As the trend of industry 4.0 continues to create deeper inroads across the manufacturing sector, automated technologies such as industrial robotics are gaining popularity across the globe. Citing this trend, leading players in the market are focusing on launching novel robots to capitalize on existing opportunities.
For instance, in 2018, the ABB Group, a Swiss-based pioneering technology leader announced launching its new ceiling-mounted industrial SCARA robots, IRB 910INV. The robot can collaborate with other machines and robots simultaneously, providing excellent flexibility and boosting productivity. These factors are expected to boost the market in the forthcoming years.
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With increasing per capita income and surging demand for automotive vehicles, especially across developing countries, a substantial rise in sales of passenger cars is being witnessed across the globe. According to the International Energy Agency (IEA), around 88 million passenger cars were sold worldwide in 2019.
Hence, several automotive manufacturers are aiming at adopting innovative technologies such as robotics to increase their automobile production. For instance, in April 2021, BMW i Ventures, Inc. announced a collaboration with Plus One Robotics, a prominent provider of vision software for logistic industrial robots. With this collaboration, the company aims to automate the vehicle logistics and supply chain.
As industrial robots are extensively used in operations such as welding, painting, assembling, and lifting among others during automobile production, rising emphasis on expanding automotive production is estimated to augment the market growth.
On account of this, the sales of industrial robotics are expected to rise at a remarkable CAGR of 18.9% over the forecast period.
| Country | The United States |
|---|---|
| CAGR (2023 to 2033) | 18.7% |
| Market Size (2033) | USD 77.9 billion |
| Country | The United Kingdom |
|---|---|
| CAGR (2023 to 2033) | 17.9% |
| Market Size (2033) | USD 9.3 billion |
| Country | China |
|---|---|
| CAGR (2023 to 2033) | 18.2% |
| Market Size (2033) | USD 15.8 billion |
| Country | Japan |
|---|---|
| CAGR (2023 to 2033) | 17.2% |
| Market Size (2033) | USD 12.9 billion |
| Country | South Korea |
|---|---|
| CAGR (2023 to 2033) | 16.4% |
| Market Size (2033) | USD 7.6 billion |
Increasing Deployment of Collaborative Robotics to Elevate the Market
| Attributes | Details |
|---|---|
| Market Size (2033) | USD 77.9 billion |
| Market Absolute Dollar Growth (USD million/billion) | USD 63.9 billion |
The United States is projected to exhibit the significant growth in the North America industrial robotics market. Introduction of novel industrial collaborative robotics is bridging the gap between machine and man by offering capabilities such as trainability, memory, dexterity, and sensing.
With rising demand for higher quality products and enhancing industrial productivity, innovative technologies such as collaborative robots are increasingly being deployed across diverse industries to enhance precision and quality of work. This is expected to boost the sales of industrial robotics in the United States market.
| Historical CAGR (2017 to 2022) | 11.8% |
|---|---|
| Forecast CAGR (2023 to 2033) | 18.7% |
Rising Demand for Small Part Assembly Technologies to Bolster SCARA Robot Sales
Germany is anticipated to register growth at a robust pace in the Europe industrial robotics market during the forecast period 2023 to 2033. As industries such as automotive, semi-conductor, and electronics continue to expand at a rapid pace, a significant surge in demand for innovative assistive machinery is being experienced to increase the productivity. Hence, leading players in the market are focusing on launching novel robotics technology to capitalize on the trend.
For instance, in October 2020, KUKA AG, a German manufacturer of industrial robots introduced its new SCARA robots under its KR SCARA line-up, ideal for applications such as small parts assembly, inspection tasks, and lightweight material handling.
Such product launches in Germany are projected to assist the Europe market to increase their revenue share by 2023.
| Attributes | Details |
|---|---|
| Market Size (2033) | USD 9.3 billion |
| Market Absolute Dollar Growth (USD million/billion) | USD 7.5 billion |
The United Kingdom industrial robotics market is projected to attain market valuation of USD 9.3 billion by 2033. During the forecast till 2033, the market is predicted to demonstrate CAGR of 17.9%. According to International Federation of Robotics (IFR) analysis, the country was among the world’s 15 largest markets in 2020.
The industrial robots installed in the United Kingdom increased by 2,205 (8%), throughout 2020, to attain a total of about 23,000. However, on the basis of robot density, the country still didn’t make it to the top 20 countries across the globe.
In the recent years, the significant user of industrial robotics in the United Kingdom has been the automotive industry. The sales in this sector rose by 16% during 2020, accounting for 40% of the entire industrial robot installations in the country.
IFR predicts that over the forecast period, the demand for industrial robotics will grow strongly. It further forecasts that the tax incentives by the government shall fast-track the modernization of the United Kingdom manufacturing industry.
| Historical CAGR (2017 to 2022) | 10.8% |
|---|---|
| Forecast CAGR (2023 to 2033) | 17.9% |
| Attributes | Details |
|---|---|
| Market Size (2033) | USD 15.8 billion |
| Market Absolute Dollar Growth (USD million/billion) | USD 12.8 billion |
China is anticipated to emerge as one of the leading markets for industrial robotics over the forecast period. The Chinese market is slated to attain USD 15.8 billion by 2023, registering a stellar CAGR of 18.2% in the meantime.
China is anticipated to witness strong demand from automation sector, thereby contributing significantly to the Asia Pacific’s sales. China accounts for a significant percentage of global sales, with 2,68,200 additional industrial robot installations in 2021.
The new emerging trend of collaborative robots, also known as cobots, witnessed 50% y-o-y growth and 39,000 overall installations. The new trend signifies the trend towards more programmable, flexible devices that can be operated alongside humans, especially in smaller factories.
| Historical CAGR (2017 to 2022) | 11.4% |
|---|---|
| Forecast CAGR (2023 to 2033) | 18.2% |
Growing Trend of Industrial Automation to Fuel the Industrial Robotics Demand
| Attributes | Details |
|---|---|
| Market Size (2033) | USD 12.9 billion |
| Market Absolute Dollar Growth (USD million/billion) | USD 10.3 billion |
As per FMI, Japan is expected to emerge as a lucrative pocket in the East Asia industrial robotics market over the assessment period. Rising trend of industrial automation and increasing adoption of innovative technologies is encouraging key players in the market to develop advanced robotics technology.
For instance, FANUC Corporation, a Japanese provider of automation products and services launched new industrial robots with artificial intelligence (AI) for Bin Picking FIELD applications to identify suitable picking orders with an excellent success rate.
Such developments and product launches are estimated to propel the demand for industrial robotics in Japan, assisting the East Asia market to account for nearly 69% of the total sales in 2023.
| Historical CAGR (2017 to 2022) | 10.3% |
|---|---|
| Forecast CAGR (2023 to 2033) | 17.2% |
| Attributes | Details |
|---|---|
| Market Size (2033) | USD 7.6 billion |
| Market Absolute Dollar Growth (USD million/billion) | USD 5.9 billion |
South Korea has formerly been acknowledged as one of the excessively automated nation the world over. According to IFR, Korea has consistently ranked among the top two countries, in terms of robot density. The Korean market is projected to attain USD 7.6 billion by 2033, exhibiting a CAGR of 16.4% between 2023 to 2033. The country installed new 31,000 industrial robots in multiple end use sectors in the year 2021, indicating the country’s strong growth.
The future growth of the Korean market is predicted to be engineered by enhanced focus on robotics by large enterprises. These include LG, Samsung, Doosan, Hyundai, and Hanwha, which have recently focused on robotics business as a source of future growth. Additionally, the diversification of robot venture ecosystem, and increasing success stories, are building the industrial robotics market in South Korea.
| Historical CAGR (2017 to 2022) | 8.9% |
|---|---|
| Forecast CAGR (2023 to 2033) | 16.4% |
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| Taxonomy | Product Type |
|---|---|
| Top Segment | SCARA Robots |
| Forecast CAGR | 17.2% |
| Taxonomy | Application |
|---|---|
| Top Segment | Assembly/Disassembly |
| Forecast CAGR | 16.9% |
Rising Advancements in SCARA Robots to Propel Segment Growth
The SCARA robots are gaining prominence in the market and are projected to be a significant segment in terms of CAGR. The segment is estimated to exhibit 17.2% CAGR over the forecast period, a remarkable increase from the 12.1% CAGR witnessed in the historical period. Several advantages of this product like operable at a higher speed and in a cleanroom environment, in addition to many other benefits are propelling market growth. Additionally, high efficiency of SCARA robots for pick-and-place tasks are also stimulating segment growth.
The sales of SCARA robots are projected to further expand on account of rising launches of SCARA robots with enhanced efficiency. For instance, in June 2022, Seiko Epson Corporation launched the GX Series SCARA Robots to provide next-level flexibility and performance. The GX 8 and GX 4 models of SCARA robots provide high-throughput, heavy payloads, and smooth motion control.
| Historical CAGR (2017 to 2022) | 12.1% |
|---|---|
| Forecast CAGR (2023 to 2033) | 17.2% |
Increasing Application of Articulated Robots to Boost the Sales in the Market
Based on the product type, sales in the articulated robots segment are estimated to remain high over the assessment period.
Articulated robots are gaining huge traction across pharmaceutical, automobile, logistics, and other industries, owing to attributes such as high precision, easy adoption of change in processes, and excellent dexterity.
Favored by this, they are increasingly being adopted for application such as welding, material handling, assembling, and others, which is in turn, boosting the market.
In terms of applications, the material handling segment is expected to account for a significant share in the global industrial robotics market between 2023 and 2033.
Increasing demand for high precision automated robotics technology across the chemical, pharmaceutical, electronics, automotive, and other industries is favoring the segment growth. This technology assists industries to carry out hazardous substances and heavy components.
The rising work safety regulations across the United States, Germany, China, and India across the chemical industry are expected to propel the industrial robotics demand.
Increasing Application of Manufacturing Robots to Fuel Growth
On the basis of end use, the automotive industry is forecast to expand at a considerable pace over the assessment period. Increasing applications of manufacturing robots for assembly & disassembly, welding, painting, and material handling across the automotive industry is favoring the segment growth.
In addition to this, growing trend of automation and increasing emphasis on expanding automobile production across Germany, the United States, and China is boosting sales in the segment.
Key players operating in the global industrial robotics market are focusing on research and development to improve their product portfolios. In addition to this, players are investing in collaboration, merger, and acquisition to expand their product portfolio and strengthen their global footprint. For instance:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD billion for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and Middle East and Africa |
| Key Countries Covered | The United States, Canada, Germany, the United Kingdom, France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, Gulf Cooperation Council countries, Türkiye, Northern Africa, and South Africa |
| Key Segments Covered | Product Type, Application, End Use, and Region |
| Key Companies Profiled | Yaskawa Electric Corporation; FANUC Corporation; Kawasaki Heavy Industries Ltd; Kuka AG; Mitsubishi Electric; Teradyne Inc.; ABB Ltd.; Yamaha Motor Co., Ltd.; Hirata, Corporation; Denso Wave Incorporated; Toshiba Machine Co. Ltd.; OMRON Corporation; Others |
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, Drivers Restraints Opportunities Threats analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is estimated to secure a valuation of US$ 39 billion in 2023.
The global market size to reach US$ 220 billion by 2033.
SCARA Robots holds high revenue potential.
The United States market is expected to witness higher growth.
Surging demand for automotive vehicles, sales in the market increased.
The market recorded a CAGR of 12.2% by 2022.
Enhancing industrial productivity are driving market growth in the United Kingdom.
1. Executive Summary | Industrial Robotics Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. SCARA Robots 5.2. Delta Robots 5.3. Cartesian Robots/ Gantry Robots 5.4. Articulated Robots 5.5. Collaborative Robots 5.6. Dual-arm Robots 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application 6.1. Assembly/Disassembly 6.2. Clean Room 6.3. Dispensing 6.4. Handling Operations 6.5. Processing/Cutting 6.6. Welding 6.7. Painting & Coating 6.8. General Applications 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Automotive Industry 7.2. Electrical/Electronics Industry 7.3. Rubber & Plastics Industry 7.4. Metal & Machinery 7.5. Food & Beverages 7.6. Plastic & Auxiliary Chemical Products 7.7. Auxiliary Industries 7.8. Bulk Commodities & Materials 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. MEA 9. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Yaskawa Electric Corporation 18.2. FANUC Corporation 18.3. Kawasaki Heavy Industries Ltd 18.4. Kuka AG 18.5. Mitsubishi Electric 18.6. Teradyne Inc. 18.7. ABB Ltd. 18.8. Yamaha Motor Co., Ltd. 18.9. Hirata, Corporation 18.10. Denso Wave Incorporated 18.11. Toshiba Machine Co. Ltd. 18.12. OMRON Corporation 19. Assumptions & Acronyms Used 20. Research Methodology
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Industrial Robotics Market
