Industrial Robotics Sector: Growth Drivers and Challenges
Growth Drivers
- Rapid Growth of Industrialization Around the World
- Lack of Skilled Workforce and High Labor Cost
Challenges
- High Cost of Deployment of Industrial Robotics Technology
Industrial Robotics Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
14.1% |
|
Base Year Market Size (2024) |
USD 19.84 billion |
|
Forecast Year Market Size (2037) |
USD 110.22 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of industrial robotics is estimated at USD 22.22 billion.
Industrial Robotics Market size was valued at USD 19.84 billion in 2024 and is likely to cross USD 110.22 billion by 2037, registering more than 14.1% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is expected to account for largest revenue share by 2037, impelled by presence of nations such as China, Japan and India, where the output of automation and manufacturing industries is the highest in the world.
The major players in the market are Fanuc Corporation, ABB, Ltd, Switzerland, Yaskawa Electric Corporation, Kuka AG, Trapo AG, Toolmotion GmbH, and others.
