The market size of industrial robots is expected to reach $94.8 billion by 2032, CAGR: 12.6%. Report by DataHorizon Research

According to DataHorizon Research, the industrial robots market size was valued at USD 29.1 billion in 2022 and is expected to reach USD 94.8 billion by 2032, at a CAGR of 12.6%.

Fort Collins, Colo., September 28, 2023 (Globe Newswire) — DataHorizon Research presents “Industrial Robots Market Size, Growth, Share, Statistics Report by Components (Robot Arms, Robot Accessories, Additional Robots We published a report titled “Hardware, Systems)”. Engineering, Software & Programming), Forecasts by Payload, Application, End Use, and Region, 2023-2032.

According to DataHorizon Research, the industrial robots market size was valued at USD 29.1 billion in 2022 and is expected to reach USD 94.8 billion by 2032, at a CAGR of 12.6%. Industry 4.0 is impacting the growth of the industrial robots market. Many industries are seeing the introduction of new technologies that create entirely new ways to meet existing needs. A key trend is the development of technology-based platforms that combine supply and demand. These technology platforms are easy to use using smartphones and are convenient for people, assets, and data. As the Industry 4.0 trend continues to penetrate deeper into the manufacturing sector, industrial robots are growing in popularity globally.

In the automotive industry, assembly lines often encounter problems such as injury risks, production delays, and concerns about the quality of the final product. Robots can help overcome these deficiencies because they are cost-effective and can quickly complete the required tasks. Robots are very efficient at work, and any job that would be considered dangerous or difficult to do manually is performed by a robot. Therefore, in the automotive sector, robots are increasingly used to assemble parts, weld, paint, remove materials and move parts. Additionally, cobots can work together with humans in the same workspace and perform a variety of activities in the automotive field. Therefore, these factors are driving the market expansion.

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With improvements in industrial robotics technology and the integration of AI and 3D computer vision, these robots are being utilized for a variety of tasks in manufacturing warehouses, including fully automated depalletizing and mixed product handling.

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Report snapshot:

Segmentation overview:

The global industrial robots market is segmented as components, deployments, applications, and regions. The robot accessories segment held the largest market share in 2022. Industrial robot accessories include end effectors, controllers, attachments, and sensors. The chemical rubber and plastics segment is expected to register a positive CAGR during the forecast period. The demand for robots in the chemical industry is increasing due to their ability to handle hazardous and toxic chemicals with precise and precise operations in dispensing, mixing, and handling various compounds.

North America is also expected to hold a significant share in the industrial robots market. The rise of automation in the US and Canada is increasing the need for industrial robots and cobots, driving market growth. The Middle East and Africa region is expected to grow at a high CAGR during the forecast period. The advent of IIoT and artificial intelligence integration is increasing the use cases of robots in the oil and gas industry, increasing market demand in the region.

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Industrial Robots Market Report Highlights:

• Prominent players in the Industrial Robots market report include ABB LTD. (ABB ROBOTICS), Daihen Corporation, DENSO Corporation (DENSO Robotics), FANUC Corporation, Kawasaki Heavy Industries, Ltd., Kuuka Robotics Corporation, Mitsubishi Electric Corporation, Fujikoshi Corporation (Nachi Robotic Systems Corporation), Panasonic Stocks Company, Seiko Epson Corporation, Universal Robots A/S, Yaskawa Electric Corporation.

Main developments in the industry:

• In December 2022, Intrinsic acquired Open Source Robotics Corporation. This acquisition aims to further improve the products and services offered by ROS, Gazebo, and Open-RMF.

• In March 2023, Smart Robotics launched an industrial robot pick and place station named Smart Mix Case Palletizer. The system enables automated palletization of mixed products, allowing distribution centers to pre-sort products for multiple destinations.

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Industrial Robots Market Report Segmentation:

Industrial Robot Market, By Component (2023-2032)

Industrial Robot Market by Payload (2023-2032)

• up to 16kg

• 16kg～60kg

• 60kg～225kg

• 225kg or more

Industrial Robot Market by Application (2023-2032)

Industrial robot market by end use (2023-2032)

Industrial Robot Market, by Region (2023-2032)

• Europe

  • England

  • Germany

  • France

  • rest of europe

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Rest of Asia Pacific

• latin america

  • Brazil

  • Mexico

  • Rest of Latin America

About DataHorizon Research:

DataHorizon is a market research and advisory firm that helps organizations around the world develop growth strategies that align with changing business dynamics. Its services include enterprise-wide consulting services and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term, sustainable trends in the market makes complex decision-making easier for organizations.

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