Industrial Robotic Arm Market Size

Industrial Robotic Arm Market size was USD 16.9 billion in 2024 and is estimated to reach USD 52.9 billion by the end of 2037, expanding at a CAGR of 9.2% during the forecast period, i.e., 2025-2037. In 2025, the industry size of industrial robotic arm is estimated at USD 18.4 billion.

Industrial arm robots have emerged as a vital solution for end use industries as they significantly reduce human errors, mitigate labor costs, and boost overall operational productivity. Increasing automation is enhancing industrial robotic arms' picking, assembling, sorting, and manufacturing capabilities. Rapid industrialization is increasing the demand for industrial robots, including robotic arms.

For instance, the Industrial Federation of Robotics (IFR) reveals that South Korea (with 1,012 robots per 10,000 employees), Singapore (730), and Germany (415) lead the use of industrial robots. Around 3.9 million industrial robots were operational, globally, in 2022. North America holds a favorable position with a robot density of 188 units, followed by Asia Pacific at 168 units per 10,000 employees, respectively. Currently, over 4 million industrial robots are operating in end use factories including automotive and manufacturing, worldwide.

Furthermore, robot arms widely known as cobots have found a major spot in the automobile production lines. Omron Corporation, FANUC Corporation, ABB Ltd, and Toshiba Corporation are some of the top industrial robotic arm producers targeting the automotive sector. Over 1 million robots are working in the automotive industry, worldwide. Wherein, South Korea holds a dominating position followed by Germany and the U.S. Continuous innovation in the car industry drives the need for high-performance equipment and machines such as robot arms. Thus, technological advancement tactics are anticipated to augment the revenue growth of industrial robotic arm manufacturers in the coming years.