What is the global market size of Industrial Robots Market?

Global Industrial Robots Market size was valued at USD 23.97 billion in 2021 and is poised to grow from USD 26.66 billion in 2022 to USD 56.12 billion by 2030, at a CAGR of 11.22% during the forecast period (2023-2030).

Industrial Robots Market Size, Share, Growth Analysis, By Application(Handling [Pick & Place, Material Handling, And Packaging & Palletizing], Assembling & Disassembling), By Component(Robot Arm, Robot Accessories [End Effector {Welding Gun, And Grippers (Mechanical, Electric), By Payload(Up to 16kg, 16.01-60 kg, 60.1-225 kg, More than 225 kg), By Type(Traditional robots [Articulated Robots, Cartesian Robots, SCARA Robots, Parallel Robots), By End Use(Automotive, Electrical, Metal/Heavy Machinery, Chemical), By Region - Industry Forecast 2024-2031

Q: Which region accounted for the largest share in Global Industrial Robots Market?

In 2022, the Asia Pacific region controlled the industrial robot’s market and contributed more than 65% of the market. During the foreseeable term as well, the region is anticipated to continue to rule. Many industries and enterprises that use industrial robots for manufacturing operations are found in the Asia Pacific region. Additionally, there is substantial room for growth for the local industry due to the rising trend towards automation, artificial intelligence, and other cutting-edge technology.

Report ID: SQMIG20I2134 | Region: Global | Published Date: August, 2024
Pages: 202 | Tables: 69 | Figures: 77

Industrial Robots Market Regional Insights

In 2024, the Asia Pacific region controlled the industrial robot’s market and contributed more than 65% of the market. During the foreseeable term as well, the region is anticipated to continue to rule. Many industries and enterprises that use industrial robots for manufacturing operations are found in the Asia Pacific region. Additionally, there is substantial room for growth for the local industry due to the rising trend towards automation, artificial intelligence, and other cutting-edge technology.

Over the course of the projected period, Middle East & Africa is expected to experience the highest CAGR of over 20%. The expansion of regional government-led industrial programmes is blamed for the market expansion. For instance, the Dubai Crown Prince announced The Dubai robots and Automation Programme in September 2022 to advance robots in the nation. The industrial and logistical sectors will receive some 200,000 robots through the programme to boost their production capacity.

Industrial Robots Market Report Snapshots

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Global Industrial Robots Market size was valued at USD 23.97 billion in 2022 and is poised to grow from USD 26.66 billion in 2023 to USD 62.42 billion by 2031, growing at a CAGR of 11.22% during the forecast period (2024-2031).

The major companies in the market utilize tactics such as alliances, purchases, ventures, inventions, R&D, and geographic expansions to strengthen their positions in the market and the industry. In order to remain competitive, businesses are putting more effort into enhancing their product offerings to better meet users' evolving needs. 'ABB (Switzerland) ', 'FANUC Corporation (Japan) ', 'Yaskawa Electric Corporation (Japan) ', 'KUKA AG (Germany) ', 'Kawasaki Heavy Industries Ltd. (Japan) ', 'Universal Robots A/S (Denmark) ', 'Mitsubishi Electric Corporation (Japan) ', 'Denso Corporation (Japan) ', 'Comau S.p.A (Italy) ', 'Nachi-Fujikoshi Corporation (Japan) ', 'Epson Robots (Japan) ', 'Staubli International AG (Switzerland) ', 'Omron Corporation (Japan) ', 'Hanwha Robotics (South Korea) ', 'FANUC Robotics America Inc. (United States) ', 'Panasonic Corporation (Japan) ', 'Toshiba Machine Co., Ltd. (Japan) ', 'Hyundai Robotics (South Korea) ', 'KAWASAKI Robotics GmbH (Germany) ', 'Aurotek Corporation (Taiwan) ', 'Siasun Robot & Automation Co., Ltd. (China) '

Industrial robots offer higher speed, precision, and consistency compared to human workers. They can work continuously without breaks and do not experience fatigue, resulting in improved production efficiency. With the rising demand for faster and more efficient production processes, industrial robots are being deployed to streamline operations and optimize output.

Vision systems play a crucial role in industrial robotics by providing robots with the ability to perceive and understand their surroundings. Vision-guided robots can perform tasks such as object recognition, quality inspection, and precise manipulation. The advancements in camera technology, image processing, and deep learning algorithms have significantly enhanced the capabilities of vision systems in industrial robots.

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Industrial Robots Market Regional Insights

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