Report ID: SQMIG20I2180
Report ID:
SQMIG20I2180 |
Region:
Global |
Published Date: December, 2024
Pages:
202
|
Tables:
163 |
Figures:
80
Industrial Robotics Market size was valued at USD 16.6 Billion in 2023 and is poised to grow from USD 18.79 Billion in 2024 to USD 50.79 Billion by 2032, growing at a CAGR of 13.2% during the forecast period (2025-2032).
Rapid industrialization on a global level has set the tone for high industrial robotics demand. The growing use of automation and other advanced technologies to improve the efficiency of industrial settings will also promote sales of industrial robotics over the coming years. High adoption of smart and additive manufacturing practices around the world will also create an opportune setting for industrial robotics companies in the future. Advancements in robotic technologies, rising labor costs, and labor shortages are other factors that are estimated to stimulate industrial robotics market development in the future. On the contrary, resistance to change and requirement of maintenance are slated to impede industrial robotics market growth potential across the forecast period and beyond.
US Industrial Robotics Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG20I2180