How big is the Industrial Robotics Market?

The Industrial Robotics Market size is expected to reach USD 42.59 billion in 2024 and grow at a CAGR of 13.40% to reach USD 79.87 billion by 2029. Read More

What is the current Industrial Robotics Market size?

In 2024, the Industrial Robotics Market size is expected to reach USD 42.59 billion. Read More

Who are the key players in Industrial Robotics Market?

ABB Ltd., Yaskawa Electric Corporation, Denso Corporation, Fanuc Corporation and KUKA AG are the major companies operating in the Industrial Robotics Market. Read More

Which is the fastest growing region in Industrial Robotics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Industrial Robotics Market?

In 2024, the North America accounts for the largest market share in Industrial Robotics Market. Read More

What years does this Industrial Robotics Market cover, and what was the market size in 2023?

In 2023, the Industrial Robotics Market size was estimated at USD 36.88 billion. The report covers the Industrial Robotics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Industrial Robotics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key industries driving the demand for Industrial Robots?

Key industries driving the demand for Industrial Robots Market are automotive, electronics, metals and machinery, plastics and chemicals, and food and beverages, the automotive sector being the primary driver of demand. Read More

Industrial Robotics Market Share

Statistics for the 2023 & 2024 Industrial Robotics market share, created by Mordor Intelligence™ Industry Reports. Industrial Robotics share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Industrial Robotics Industry

The industrial robotics market is highly fragmented. Industry 4.0, with digitalization initiatives across regions, provides lucrative opportunities in the industrial robots market. The degree of transparency is high, considering the number of robotic trade exhibits across conducted areas occasionally. Overall, the competitive rivalry among existing players is high. The acquisitions and collaboration of large companies with startups are predicted, focusing on innovation. A few major players in the market are ABB and Yaskawa. Some of the key developments in the area are:

May 2024: ABB, an industrial robot manufacturer, unveiled its latest modular large robots at Automate 2024. These robot arms, in conjunction with the previously released IRB 5710-5720 and IRB 6710-6740 models, now present a lineup of 46 variants. These variants are capable of managing payloads ranging from 70 to 620 kilograms (approximately 150 to 1,350 pounds).
March 2024: Mobile Industrial Robots has unveiled its latest product, the MiR1200 autonomous pallet jack. Equipped with advanced 3D vision technology, the MiR1200 Pallet Jack is designed to streamline labor-intensive materials handling. This robot can adapt its route dynamically, ensuring navigation even in the presence of obstacles, such as loose objects on the floor or overhead hindrances.