Industrial Robotic Arm Market Share

North America Market Forecast

North America industrial robotic arm market is expected to capture revenue share of over 27.2% by 2037. The swift digitalization in several industries, the strong presence of industry giants, and the adoption of Industry 4.0 practices are augmenting the adoption of industrial robotic arms in the region. The expanding metal & machinery and e-commerce sectors are also boosting the sales of industrial robotic arms. As per the International Federation of Robotics (IFR), over 50,000 units of robots were installed in North America end use industries in 2023.

The U.S. being the largest marketplace for industrial robotic arm market manufacturers accounted for 68.0% of North America industrial robot installations, in 2023. The steady use of industrial robots was observed in the electronics/electrical sector. Continuous innovations in electronics and the high adoption of smart home ecosystems are generating lucrative opportunities for industrial robotic arm manufacturers.

In Canada, industrial robot installation increased by 37% to 4,311 units in 2023. The high vehicle ownership in the country is majorly driving the sales of industrial robotic arms. The automotive sector investments in the industrial robots hold around 58% in 2023. Thus, Canada is a booming for key industrial robotic arm market stakeholders.

Asia Pacific Market Statistics

The Asia Pacific industrial robotic arm market is foreseen to increase at a rapid pace during the projected period. The rising automation, increasing logistics & warehouse activities, and booming next-gen automobile production are augmenting the demand for advanced industrial robotic arms. The automated cobots efficiently aid in multiple tasks such as material handling, welding assembling, picking, sorting, and packaging in industries such as automotive, logistics, warehouses, and manufacturing.

China is one of the largest adopters of industrial robotic arms, where 276,288 units were installed in 2023. The Chinese manufacturers hold dominant shares in the domestic market making the landscape more competitive to international players. Furthermore, in the long-term view, automotive facilities are expected to augment a significant demand for industrial robotic arms market.

In India, a 54% hike was observed in the installation of industrial robots, a record of 4945 units in 2023. The country’s rapidly developing manufacturing sector is driving significant opportunities for industrial cobot manufacturers. The foreign direct investments (FDI) in the country’s manufacturing sector have reached around USD 165.1 billion over the past 10 years with a hike of 69%, says the India Brand Equity Foundation. Considering the increasing FDIs, the operational stocks of industrial robotic arms are expected to double in the coming years.