Robotics Market to see Rapid Growth by 2028

Robotics market is anticipated to grow at a CAGR of 18.1% during the forecast period. Robot installations across the globe are expected to propel the robotics market during the forecast period. The ongoing trend toward automation and rising next-generation technologies is expected to support market growth. For instance, according to the International Federation of Robotics, sales of industrial robots have reached a strong recovery. A new record of 4,86,800 units was shipped globally in 2021 – an increase of 27% compared to the year 2020. Asia/Australia saw the largest growth in demand installations up 33% reaching 354,500 units. The Americas increased by 27% with 49,400 units sold. The Europe region saw double-digit growth of 15% with 78,000 units installed.

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The strong demand across the industries for robot installations is expected to accelerate market growth during the forecast period. For instance, in 2021, the electronics industry (132,000 installations, +21%), surpassed the automotive industry. The industrial industry (109,000 installations +37%) is the largest customer of industrial robots already in 2020. Metal and machinery (57,000 installations, +38%), plastics and chemical products (22,500 installations, +21%) and food and beverages (15,300 installations, +24%).

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  • Market Coverage
  • Market number available for – 2022-2028
  • Base year- 2021
  • Forecast period- 2022-2028
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Market Segmentation

Global Robotics Market by Type

  • Industrial Robots
  • Articulates
  • SCARA
  • Cartesian
  • Collaborative
  • Others (Parallel)
  • Service Robots
  • Logistics
  • Medical
  • Domestics
  • Others (Security, Rescue)

Global Robotics Market by Application

  • Handling
  • Welding & Soldering
  • Assembling & Disassembling
  • Dispensing
  • Processing
  • Others (Inspections & Quality Testing and Die Casting & Molding)

Global Robotics Market by End-Users

  • Manufacturing
  • Food & Beverage
  • Aerospace
  • Healthcare
  • Logistics
  • Others (Military & Defense)

Regional Analysis

  • North America
  • United States
  • Canada
  • Europe
  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Rest of the World

Company Profiles 

  • ABB Group
  • Autonox Robotics GmbH
  • AV&R
  • Bastain Solutions LLC
  • Bosch Rexroth AG
  • Denso Corp.
  • Diligent Robotics Inc.
  • Electroimpact Inc.
  • FANUC Corp.
  • General Dynamics Mission Systems, Inc.
  • Gudel Group AG
  • Hyundai Robotics Europe GmbH
  • JH Robotics, Inc.
  • Kuka AG
  • Kawasaki Heavy Industries Ltd.
  • Mayekawa Mfg. Co. Ltd.
  • Mitsubishi Electric Corp.
  • Mtorres Disenos Industriales S.A.U.
  • Nachi-Fujikoshi Corp.
  • Oliver Crispin Robotics Ltd.
  • Omron Corp.
  • Panasonic Corp.
  • Rockwell Automation Inc.
  • Rethink Robotics
  • Schneider Electric
  • Seiko Epson Corp.
  • Staubli International AG
  • Toshiba Corp.
  • Universal Robotics A/S
  • Yaskawa Electric Corp.

The Report Covers

  • Market value data analysis of 2021 and forecast to 2028.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global robotics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.

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