Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 23.71 Billion | USD 85.63 Billion | 13.7% | 2024 |
FrequentlyAsked Questions
The global industrial robotics market is expected to grow due to Increased automation in manufacturing, labor shortages, and demand for precision drive market expansion. Growth in electronics and automotive sectors also contributes.
According to a study, the global industrial robotics market size was worth around USD 23.71 Billion in 2024 and is expected to reach USD 85.63 Billion by 2034.
The global industrial robotics market is expected to grow at a CAGR of 13.7% during the forecast period.
Asia-Pacific is expected to dominate the industrial robotics market over the forecast period.
Leading players in the global industrial robotics market include Motoman, Kawasaki Heavy Industries Ltd., ABB Ltd., Nachi-Fujikoshi Corp., Mitsubishi Electric Corporation, Nippon, Staubli, Daihen Corporation, Fanuc Corporation, Panasonic Corporation, Denso Corporation, Omron Corporation, Epson Robots, Rockwell Automation Inc., KUKA AG, Yaskawa Electric Corporation, Siemens AG, Dixon Automatic Tool Inc., Seiko Epson Corporation, and Comau SpA., among others.
The report explores crucial aspects of the industrial robotics market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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