Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Industrial Robotics Market size was valued at USD 19.84 billion in 2024 and is likely to cross USD 110.22 billion by 2037, registering more than 14.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of industrial robotics is estimated at USD 22.22 billion.
The growth of the market can be attributed to factors such as high cost of employing labor and inconvenience associated with providing benefits to laborers. Furthermore, human limitations to perform a certain task as well as higher productivity from service robots will ultimately lead to expansion of market in the upcoming years. In addition, increasing acceptance of collaborative robotics in several industries, rapid rate of industrialization, rising demand for automotive and growing need to improve safety in workplaces are also expected to drive market growth in the near future. The total sales of automobiles in the world are calculated to be more than 68 million units by the end of 2021. Out of these, passenger cars accounted for the largest category of motor vehicle production.
