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Industrial Robots Market Size, Share & Industry Analysis, By Robot Type (Articulated, SCARA, Cylindrical, Cartesian/Linear, Parallel, and Others), By Application (Pick and Place, Welding & Soldering, Material Handling, Assembling, Cutting & Processing, and Others), By Payload Capacity (Up to 16 KG, 16 to 20 KG, 61 to 225 KG, and Above 225 KG), By Industry (Automotive, Electrical & Electronics, Healthcare & Pharmaceutical, Food & Beverages, Rubber & Plastic, Metals & Machinery, and Others), and Regional Forecast, 2025-2032

Report Format: PDF | Published Date: Jan, 2025 | Report ID: FBI100360. | Status : Published

Summary

How much was the global industrial robots market worth in 2024?

As per Fortune Business Insights, the market was worth USD 19.89 billion in 2024.

By 2032, the market size is expected to record a valuation of USD 55.55 billion.

The market is projected to grow at a CAGR of 14.2% during the forecast period of 2025-2032.

The Asia Pacific is expected to hold a dominant market share, with its value standing at 9.69 billion in 2024.

Within the robot type, the articulated segment is expected to lead the market share during the forecast period.

An increase in investments across the industries is driving the growth of the market.

ABB, FANUC CORPORATION, and KUKA AG are the top companies in the global market.

The top ten players in the market constitute 62% - 65% of the market, which is largely due to their brand name and presence in multiple regions.