To improve the website's functionality, we use cookies, including third-party cookies. Read our Privacy Policy for more information

I Agree

Factory Robot Market

Factory Robot Market Analysis, By Product Type (Articulated, SCARA, Cartesian, Parallel, Cylindrical, Others), By Application (Assembly, Cutting, Dispensing, Inspection, Others), By Payload (Up to 16 kg, 16-60 kg, 60-225kg, More than 225kg), By Application & Region - Global Market Insights 2023-2033

Analysis of Factory Robot Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Factory Robot Market Outlook (2023-2033)

The global factory robot market is expected to reach a valuation of US$ 12,369.3 million in 2023 and is expected to progress at a CAGR of 7.6% to reach US$ 25,731.6 million by the end of 2033.

In 2023, the global robot market is estimated to be valued around US$ 38,654 million. Factory robot is a vital part of the total robot market. In terms of value, sales of factory robot accounted for nearly 32.0% share of the global robot market at the end of 2022.

Report Attributes

Details

Factory Robot Market Size (2022A)

US$ 11,429.2 million

Estimated Market Value (2023E)

US$ 12,369.3 million

Forecasted Market Value (2033F)

US$ 25,731.6 million

Global Market Growth Rate (2023-2033)

7.6% CAGR

North America Market Share (2022)

18.2%

North America Market Value (US$ Mn), 2023

US$ 2,251.2 million

Europe Market Share (%), 2023

22.2%

Europe Market Value (US$ Mn), 2023

US$ 2,746.0 million

China Market Share (%), 2023

29.4%

China Market Value (US$ Mn)

US$ 3,639.0 million

Market Share of Top 3 Countries

~53.8%

Key Companies Profiled

  • ABB
  • Comau
  • Epson
  • Fanuc
  • FARobot, Inc.
  • Kawasaki Robotics
  • Kuka AG
  • Mitsubishi Electric Corporation
  • Staubli International AG
  • Universal Robots
  • Yaskawa

Don't Need a Global Report?

Save 40% on Country & Region specific reports

Sales Analysis of Factory Robot (2018-2022) Vs. Market Outlook (2023-2033)

Factory robots are programmed to automatically perform activities related to industrial production. These robots are programmable and can be reprogrammed many times depending on the application. This type of robot helps increase productivity, reduce costs, and produce high quality products in automation applications. Factory robots help lift heavy payloads during vehicle manufacturing and machine customization. The rise of smart factories expands market opportunities.

An extraordinarily valuable combination of a manipulator, sensors, and controls is an intelligent factory robot. These devices can boost output, raise product quality, and boost competitiveness in factories that automate their operations. Robots have been developed to carry out a wide range of jobs, including arc welding in the automotive industry, mobile robots in space, tele operated robot arms, and teaching robots in schools.

  • Short Term (2023 Q1 to 2026): Increasing consumer goods demand will positively impact factory robot market growth.
  • Medium Term (2026- 2029): North America and Europe is anticipated to witness comparatively high factory robot demand due to increasing smart factories.
  • Long Term (2029- 2033): Adopting innovative advanced technology can open new opportunities for factory robot market players.

From 2018 to 2022, the global market for factory robot registered a CAGR of 5.2%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 7.6% CAGR between 2023 and 2033.

Factory robot market forecast by Fact.MR

Market share analysis of factory robot based on region and payload is provided in the above image. Under the payload segment, more than 225kg sub-segment dominates with 34.5% market share in 2023.

Factory Robot Market

More Insights, Lesser Cost (-50% off)

Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR

What’s Driving High Demand for Factory Robot across Regions?

“Rising Applications of Factory Robot to Elevate the Market Growth”

Factory robots are high in demand for industries used for welding, material handling, painting and many more to drive the market growth. The need to replace robot throughout their locations to harness industrial activity and cut costs.

Players in the consumer electronic industry can deploy robots at a faster rate to increase the production flexibility. As a result, there is increasing significant investment which is increasing the need of factory robots. The companies are focusing to cut the labor cost while maintaining the efficiency of manufacturing processes.

Similarly, various, application sectors such as consumer goods, pharmaceutics companies are focusing to have a stake in the market which has contributed to the market growth. Thus, rising applications can propel the demand for factory robot market in the long run.

“Increasing Emergence of Industry 5.0 can Enhance the Sales of Factory Robot”

The concept of Industry 5.0 offers an industry vision that strengthens the role and importance of the industrial sector in society by looking beyond efficiency and productivity as the only goals. It puts forward the welfare of the worker at the heart of the production process and uses new technologies to generate prosperity that goes beyond jobs and growth while respecting the plant’s production limits.

Industry 5.0 complements the industry 4.0 strategy by placing research and innovation specifically at the service of various industries to obtain a sustainable, human-centred, and resilient industry. Factory robots will be a crucial component of the fifth industrial revolution. The market for factory robots worldwide is therefore anticipated to grow at a CAGR of 7.6% during forecast period.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

What Do Factory Robot Manufacturers Need to Watch Out for?

High Cost of Investments and Maintenance Can Hamper the Market Growth”

The initial investment required can be difficult for companies with little or no relevant expertise. Procurement, programming, integration, accessories and maintenance, among others, require a large capital investment. This may hinder market expansion.

Due to their small numbers and low return on investment, it is difficult even for small businesses to secure large sums of money. Factory robot maintenance costs limit market expansion. Therefore, huge investment and maintenance costs may hinder market expansion during the evaluation period.

Country-wise Insights

Why U.S. is Expected to Drive Factory Robot Demand?

The U.S. factory robot market is expected to grow significantly as the market is driven by the emergence of smart factories and Industry 4.0, increasing demand for customized small robotic systems. In addition, manufacturing processes are accelerated and production capacity is increased, providing manufacturers with a faster return on investment.

With factory modernization reaching an all-time high in the country, significant growth is expected in the coming years. Built specifically to work alongside humans, these robots are equipped with advanced sensors that enable them to perceive and interact with their surroundings. The United States factory robot market value is expected to reach US$ 1,896.9 million in 2023.

Why Chinese Factory Robot Market Expected to Be Highly Lucrative?

Growing automation demand, especially in China, is anticipated to fuel the market growth. Additionally, as the population and average household income increase, so does the demand for goods for consumption and other items. This leads to an increase in production capacity, which furthers leads the expansion of various manufacturing industries.

Similar to this, the demand for machinery and automobiles is increasing, necessitating high accuracy and quick manufacturing capacity. Due to low manufacturing costs, easy access to cheap labor, and safety regulations, China has a higher demand for factory robots.

As a result, East Asia is well-positioned to maintain a dominant market position in the conventional robotics industry during the forecast period. As a result, it is anticipated that the Chinese factory robot market will achieve a market share of 68.3% in 2023 in East Asia.

Category-wise Insights

Why is Material Handling a Popular Segment in Application for Factory Robot Market?

Due to demand from the electrical and electronics, pharmaceutical, and food and beverage industries, material handling is projected to advance during the projected period.

The chemical and pharmaceutical industries depend heavily on material handling since some chemicals are concentrated and made up of hazardous ingredients that are difficult to handle manually. Robots are routinely utilized in such circumstances to reduce accidents and preserve staff safety.

A surge in the automotive, industrial, electrical industries are expected to boost the market. The material handling sub-segment of the factory robot market is anticipated to achieve a valuation of US$ 2,374.9 million by the end of 2023 as a result of the aforementioned facts.

How Aerospace Industry is Poised to Drive Factory Robot Market?

The aerospace sector has faced some particular difficulties regarding the production of aircraft. Robotic automation must consistently give a competitive edge due to the demand for ever-increasing productivity and efficient operations.

The aerospace sector's robotic technology has advanced swiftly, and the robots of today are achieving whole new levels of productivity. Some of the most cutting-edge robotic systems currently in use include these five novel applications for factory robots in aerospace manufacturing.

There are many unique and intriguing robotic applications as a result of the robotics industry's continual rate of innovation. Robotic technology will continue to be a source of innovation as long as the industry strives for higher levels of productivity in many industries including the aerospace industry. The aerospace end use industry sub-segment of the factory robot market is anticipated to achieve a market share of 18.7% in 2023.

Competitive Landscape

Prominent factory robot manufacturers are ABB, Comau, Epson, Fanuc, FARobot, Inc. , Kawasaki Robotics, Kuka AG, Mitsubishi Electric Corporation, Staubli International AG, Universal Robots, Yaskawa

In the factory robot market, some well-known players have embraced aggressive pricing tactics. The business has established beneficial alliances and partnerships with end-user industries and governments. Modern robots and their accessories are in high demand, which enables market participants to broaden their product lines. Market players are investing more money and resources in R&D while trying to increase their regional presence.

Fact.MR has provided detailed information about the price points of key manufacturers of factory robot positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Factory Robot Industry Research

  • By Type :

    • Articulated
    • SCARA
    • Cartesian
    • Parallel
    • Cylindrical
    • Others
  • By Payload :

    • Up to 16 kg
    • 16-60 kg
    • 60-225kg
    • More than 225kg
  • By Application :

    • Assembly
    • Cutting
    • Dispensing
    • Inspection
    • Material handling
    • Packaging
    • Painting
    • Palletizing
    • Welding
  • By End Use Industry :

    • Aerospace and Defense
    • Automotive
    • Chemicals & Materials
    • Electrical & Electronics
    • Food and Beverage
    • Healthcare
    • Mining & Oil & Gas
    • Retail & e-Commerce
    • Logistics & Warehousing
    • Packaging
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East and Africa (MEA)

- Premium Report Details -

Factory Robot Market

- Let's Connect -

Talk To an Expert Today Connect

- Get Started -

Get insights that lead to new growth opportunities

Buy Now

Get A Special pricing for start-ups and universities

Enquiry Before Buying

- Humble, Yet Honored -

Our prestigious clients

- Research Methodology -

An Adaptive Approach to Modern-day Research Needs

Get Methodology

- FAQs -

The global factory robot market is expected to be at US$ 12,369.3 million in 2023.

Worldwide demand for factory robot is anticipated to reach US$ 25,731.6 million by 2033-end.

16-60 kg will account for 28.5% share of the global market in 2023.

East Asia leads the global factory robot market accounting for 43.1% market share in 2023.

During 2018-2022, sales of factory robot increased at 5.2% CAGR.

Exclusive Report

Need An Exclusive Report For Your Unique Requirement?

Google translate