Industrial Robot Components Market

Industrial Robot Components Market Analysis, By Component (Controller, Sensor, Robot Arm, End Effector, Drive), By Application, and Region - Global Market Insights 2023 to 2033

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

Industrial Robot Components Market Growth Outlook

The global industrial robot components market is anticipated to be valued at US$ 6.3 billion in 2023 and it is anticipated to grow at a CAGR of 13.9% to reach US$ 23.2 billion by the end of 2033.

Components, sensors, robot arms, end effectors, and drives are some of the most essential components in the manufacturing of industrial robots. With the flourishing industrial robots market, industrial robot components witness increased sales.

Report Attributes


Estimated Market Value (2023E)

US$ 6.3 Billion

Forecasted Market Value (2033F)

US$ 23.2 Billion

Global Market Growth Rate (2023-2033)

~13.9% CAGR

North America Market Share (2023)


East Asia Market Growth Rate (2023-2033)

~16.0% CAGR

Europe Market Growth Rate (2023-2033)

~13.6% CAGR

Key Companies Profiled

  • Denso Corporation
  • Kuka
  • Mitsubishi Electric
  • ABB

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Historic and Future Path for Industrial Robot Components Market

With the advancing technology and growing use of industrial robots in enhancing production output. The demand for industrial robot components is set to increase during the forecast period. Articulated robots are witnessing high demand and their production is estimated to increase over the period, which offers a plethora of opportunities to the industrial robot components market.

  • Growth Factors for Short Term (2023-2026): Surging demand for industrial robots from various end-use verticals to create ample growth opportunities for the industrial robot components market.
  • Factors for Medium-Term Growth (2026-2029): Growing government investment in enhancing the domestic manufacturing industry especially across India and China, to spur the growth outlook for industrial robot components manufacturers.
  • Long-Term Growth Opportunities (2029-2033): Initiatives by market players to curve the demand pool and gain high-profit margins are anticipated to drive the market in a long run.

Over the 2018-2022 historical period, the global industrial robot component market registered a CAGR of 12.5%, according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 13.9% CAGR between 2023 and 2033.

Industrial Robot Components Market Size, Share, and Growth Forecast by Fact.MR

Market share analysis of industrial robot components based on application and region is provided in a nutshell in the above image. Under the application segment, the robot arm/manipulator sub-segment dominates with a 29.1% market share in 2023.

“Growing Industrial Robots Demand to Supplement the Sales of Industrial Robot Components”

The growing demand for industrial robots drives the industrial robot components market. Industrial robot demand is predicted to transform manufacturing in the forthcoming years. As industrial robots become cheaper, faster, and smarter, they will perform evermore tasks.

Industrial robots are bridging the gap between man and machine by inching closer to the former with abilities such as memory, trainability, dexterity, and sensing. Therefore, industrial robots are being utilized in inspecting or testing products, assembly lines, or picking and packaging.

The ‘collaborative’ robots that have begun to enter the industrial robots market have rung in a new era as they work hand-in-hand with laborers who train them on the job. If the capabilities of industrial robots continue to rise at the present pace with a corresponding decline in prices, small and midsized firms may well join the industrial robot bandwagon.

Owing to such factors the demand for industrial robots is anticipated to be lucrative. Further, to meet the growing demand for industrial robots the manufacturers requires components that in turn, increase the sales of the industrial robot components.

“Fluctuating Raw Material Cost a Challenge to Sales Growth”

Industrial robot components include a sensor, end effector, drive, and others that require semiconductors for their production. However, China and Taiwan are the two major suppliers of semiconductor and robot components, and ongoing Taiwan and China political stress coupled with COVID-19 induced lockdowns and halted manufacturing processes to hamper the growth of industrial robot components.

As with the ongoing crisis, the demand and supply gap is generated, and disrupted supply chains also widen the gap, which resulted in high demand short supply and high cost, on the back of high cost the components parts also hike and growing inflation rates restrains the pullulating growth of the market.

Country-wise Insights

Why the Demand for Industrial Robot Components is Growing across the US?

The United States industrial robot component market is expected to expand at a CAGR of 13.3% over the projected period. With the surging installation of industrial robots across the Americas especially in the US, the demand for industrial robots increases.

  • For instance, in the Americas, the count of installed industrial robots reached over fifty-five thousand in 2021, 31% up from 2020. It is a notable growth from the pandemic dip in 2020. Further, it is for the second time in the Americas that robot installations have exceeded the 50,000-unit threshold, with 55,212 units in 2018.
  • Additionally, new installations increased by 14% to 34,987 units in the US in 2021. This was higher than the pre-pandemic 2019 level of 33,378 units. Also, with 9,782 units installed in 2021, the automotive industry will continue to be the biggest adopter.
  • In addition, the demand for robots in the metal and machinery sector increased by 66% to 3,814 units in 2021, accounting for the second position in the market.
  • Similarly, 3,466 new robots (an increase of 30%) were installed in the plastic and chemical products sector in 2021 in the US. The number of robots in the food and beverage sector increased by 25%, reaching a new peak of 3,402 units in 2021.

Hence, in order to meet the flourishing industrial robots demand components are required for the production of the robot, this, in turn, propels the sales of the industrial robot components.

How Chinese Market is Lucrative for the Industrial Robot Components Market?

The Asian market is the most prominent consumer market for industrial robots in terms of growth across the globe.

  • In 2021, the installation of the newly deployed robots reach 74% an increase of 4% in the installation of industrial robots as compared to 2020 which was 70% of industrial robots installation in Asia.
  • In addition, Asia's major market for industrial robots is China. China witnessed a significant growth of industrial robots by 51%, with 268,195 units shipped. China deploy every other robot that will be installed globally in 2021. The operational stock increased by 27% to surpass 1 million units.

This rapid growth rate reflects how rapidly China is becoming a robot nation. The growing industrial robot market in China paves the way for the growth of industrial robot components manufacturers.

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Category-wise Insights

How Components Will Perform in the Industrial Robot Component Market?

Controllers and sensors are the most essential component in the manufacturing of various types of robots. The controller is just like a computer that is connected to a robot and acts as its brain. All industrial robots must need a controller in order to perform well. The controller is used to instruct the robot on how to perform throughout the process, it is commonly referred to as the program.

Further, the robot uses sensors to assess its operating environment and can modify its actions in response to the information it gathers. Sensors are the senses of a robot.

Controller and sensor will grow at a CAGR of 13.8% and 13.3% respectively in the forecast period.

Which Application is likely to Dominate the Industrial Robot Components Market?

The articulated robot has the largest industrial robot component market share in terms of application. Articulated robots are widely used due to their capability to execute identical motions continually, which are required in applications like assembly, material handling, and others. The use of articulated robots in pharmaceuticals, autos, and food and beverage, is thrusting the demand for articulated robots, and their manufacturing demand for industrial robot components is mushrooming.

Articulated robot to account for a market share of 29.1% in 2023, with a valuation of US$ 1.8 billion in 2023, and reach a valuation of US$ 6.8 billion by the end of 2033. The anticipated growth of articulated robots in industrial robot components is 14.0% during the forecast period.

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Market Titans Key Strategies

Prominent industrial robot components manufacturers are FANUC, Denso Corporation, Kuka, Mitsubishi Electrical, ABB, Yaskawa, and Kawasaki Heavy Industries.

Market titans are focusing on delivering quality and durable components which in turn create a network of loyal customers and enhance brand recognition. Customization options offer immense revenue growth opportunities to the manufacturers in a long run.

Further, by establishing long-term trade relations with the end-users directly to drive the demand for industrial robot components in forthcoming years and enable market players to gain high-profit margins.

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

Segmentation of Industrial Robot Components Industry Research

  • By Component :

    • Controller
    • Sensor
    • Robot Arm/Manipulator
    • End Effector
    • Drive
    • Feedback Devices
  • By Application :

    • Cartesian Robots
    • Scara Robots
    • Articulated Robots
    • Cylindrical Robots
    • Delta Robots
    • Polar Robots
    • Collaborative Robots
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

What is the Global Industrial Robot Component Market Size?

The global industrial robot component market is valued at US$ 6.3 billion in 2023.

How will the Market Perform over the Forecast Period?

During 2023-2033, sales of industrial robot components increased at 13.9% CAGR.

Which Regional Industrial Robot Component Market Accounts for a Leading Market Share?

Europe tops the global industrial robot components market accounting for 29.8% market share.

Which Components Hold the Highest Market Share?

Robot arms/manipulator account for a 29.1% share of global sales.

Which Application Holds the Highest Market Share?

The articulated Robot sub-segment accounts for a 29.1% share of global sales.

Who are the Major Players in the Industrial Robot Component Market?

Prominent market players include FANUC, Denso Corporation, Kuka, Mitsubishi Electric, ABB, Yaskawa, and Kawasaki Heavy Industries, among others.

Industrial Robot Components Market