Industrial Robots Market Outlook: Size, Share, Growth, Key Drivers, Segmentation, Regional & Recent Trends

The Industrial Robots Market has been expanding significantly in recent years, driven by various key factors. This report provides a comprehensive analysis of the market, including market size, trends, drivers and constraints, competitive aspects, and prospects for future growth.

Market Size & Growth:

• The Industrial Robots Market size reached a valuation of USD 19.89 billion in 2024.
• The Industrial Robots Market growth is projected to reach a valuation of USD 55.55 billion by 2032.
• The Industrial Robots Market share is expected to register a compound annual growth rate (CAGR) of 14.2% from 2024 to 2032.

Recent Key Trends:

• Compau SpA introduced a new Racer-5 SE industrial robot. It is used in vital industries such as pharmaceutical, health & beauty, food & beverages industry, and electronics sectors. It improves the production capacity, the productivity of operations, and good quality.
• ABB introduced a new FlexPicker IRB 365 delta robot specifically designed for packing and picking applications with a capacity of 1.5 KG. These type of robots are used in packaging lightweight products such as peppers, candies, small bottles, and chocolates.
• Mitsubishi Electric Corporation introduced an artificial intelligence (AI)-enabled industrial robots for food processing, and manufacturing sectors. It is used for improving the productivity of manufacturing operations. Additionally, these new systems are largely adopted in manufacturing sectors, and it reduces the timeline by the range of 5 hours to 60 hours. 
• Nachi-Fujikoshi Corp launched a new series of small cooperative robot named as “EZ” small robot. It is specifically designed for industries such as electronic, electrical, automotive, and general industrial machinery. It has features such as smart cable routing, having load capacity of 6 KGs, high speed, long durability, and highly precise operations.
• FANUC introduced the newest collaborative robot, the CRX 10-iA. The new robot can perform highly functional tasks under a flip motion to perform repetitive tasks.
• FANUC and BMW AG signed a framework agreement wherein FANUC will supply 3,500 robots for new production lines and plants. These robots will be deployed in developing the existing and future generations of BMW models.

This Report includes a company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The data points provided are only related to the company's focus related to Industrial Robots markets. Leading global Industrial Robots market players and manufacturers are studied to give a brief idea about the competitions.

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Key Players:

• ABB (Switzerland)
• YASKAWA ELECTRIC CORPORATION (Japan)
• Mitsubishi Electric Corporation (Japan)
• NACHI-FUJIKOSHI CORP. (Japan)
• Comau SpA (Italy)
• KUKA AG (Germany)
• FANUC CORPORATION (Japan)
• DENSO CORPORATION (Japan)
• Kawasaki Heavy Industries, Ltd. (Japan)
• Omron Corporation (Japan)

Regional Trends:

• North America: U.S., Canada, Mexico

• Europe: Germany, U.K., France, Italy, Spain, Rest of Europe

• Asia Pacific: China, Japan, India, South Korea, Australia, Rest of Asia Pacific

• Latin America: Brazil, Argentina, Rest of Latin America

• Middle East & Africa: GCC Countries, South Africa, Rest of MEA

Highlights of Our Report

Our report offers extensive market analysis, providing a deep dive into manufacturing capabilities, production volumes, and technological innovations within the Industrial Robots Market. It includes detailed corporate insights with in-depth reviews of company profiles, highlighting major players and their strategic moves in this competitive landscape. The report also examines consumption trends to shed light on current demand dynamics and consumer preferences. Comprehensive segmentation details illustrate the market’s distribution across various end-user segments, applications, and industries. In addition, there is a thorough pricing evaluation that explores pricing structures and the key factors influencing market strategies. Finally, the report presents a forward-looking outlook, offering predictive insights into emerging trends, growth opportunities, and potential challenges that may shape the market’s future.

Market Segmentation:

By Robot Type

• Articulated
• SCARA
• Cylindrical
• Cartesian/Linear
• Parallel
• Others (Collaborative, etc.)

By Application

• Pick & Place
• Welding & Soldering
• Material Handling
• Assembling
• Cutting & Processing
• Others (Painting, etc.)

By Industry

• Automotive
• Electrical & Electronics
• Healthcare & Pharmaceutical
• Food & Beverages
• Rubber & Plastic
• Metals & Machinery
• Others (Construction, Defense, etc.)

Key Drivers/ Restrains:

• Drivers:
  • Increasing demand for automation in manufacturing processes to enhance productivity and reduce operational costs.
  • Technological advancements in robotics, including AI and machine learning, improving the capabilities and versatility of industrial robots.
• Restraints:
  • High initial investment and integration costs associated with deploying industrial robots in existing operations.
  • Concerns about job displacement and the need for skilled workforce training affecting market adoption.

In Summary:

The industrial robots market is expanding as automation reshapes manufacturing, logistics, and assembly lines. AI-powered robotics, collaborative robots (cobots), and machine learning-driven efficiency improvements are revolutionizing production. With the adoption of Industry 4.0, the demand for industrial robots continues to surge.

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.