Home / Machinery & Equipment / Automation / Industrial Robots Market
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 Industry (Automotive, Electrical & Electronics, Healthcare & Pharmaceutical, Food & Beverages, Rubber & Plastic, Metals & Machinery, and Others), and Regional Forecast, 2023-2030
Report Format: PDF | Latest Update: May, 2024 | Published Date: Nov, 2023 | Report ID: FBI100360. | Status : PublishedFrequently Asked Questions
How much was the global industrial robots market worth in 2022?
As per a study by Fortune Business Insights, the market was worth USD 16.78 billion in 2022.
How much will the global industrial robots market be worth in the future?
By 2030, the market size is expected to reach USD 41.02 billion.
At what compound annual growth rate (CAGR) will the global market grow during the forecast period (2023-2030)?
The market is projected to grow at a CAGR of 12.3% during the forecast period (2023-2030).
How big is the Asia Pacific market?
Asia Pacific is expected to hold a dominant market share, with its value standing at USD 8.22 billion in 2022.
Which segment is expected to lead the market during the forecast period?
Within robot type, the articulated segment is expected to lead the market share during the forecast period.
What is the key factor driving the market?
Increase in investments across industries is driving the growth of the market.
Which are the top companies in the global market?
ABB, FANUC CORPORATION, and KUKA AG are the top companies in the global market.
What is the share of major players in the global market?
The major players in the market constitute 59% - 63% of the market, which is majorly owed to their brand name and presence in multiple regions.
- Global
- 2022
- 2019-2021
- 160