Robot Market Growth, Size, Share and Forecast 2034
Global Robot Market Size- By Type, By Component, By Mobility, By Application, By End Use- Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Aug-2025 | Report ID: SEMI2565 | Pages: 1 - 273 | Formats*: |
| Category : Semiconductor and Electronics | |||
Global Robot Market Introduction and Overview
According to SPER Market Research, the Global Robot Market is estimated to reach USD 227.03 billion by 2034 with a CAGR of 16.86%.
The report includes an in-depth analysis of the Global Robot Market, including market size and trends, product mix, Applications, and supplier analysis. The robot industry is growing due to rising e-commerce and logistics needs, along with higher labor costs and shortages. Advances in robotics, AI, and machine learning help robots handle tasks with better precision and speed. For example, Hellmann Worldwide Logistics used Geekplus robots in its Dubai center to increase storage and speed up deliveries. This shows how e-commerce growth is driving the adoption of robots worldwide to improve efficiency and manage more orders.
By Type Insights
The global robot market is split into industrial and service segments. The industrial sector leads due to growing focus on workplace safety, efficiency, and the adoption of eco-friendly, energy-saving robotic systems driven by sustainability and ethical business practices. Meanwhile, the service segment is expanding rapidly across industries like retail, healthcare, and hospitality. This growth is fueled by the need for assistive robots that support daily tasks and provide companionship, especially for aging populations. Additionally, minimizing human interaction and improving operational efficiency are driving demand. The Asia-Pacific region accounts for the majority of service robot sales worldwide, highlighting its key role in this market.
By Component Insights
The robot market is segmented into hardware, software, and services. The hardware segment leads due to the growing use of collaborative robots in manufacturing and advancements in controllers, actuators, and end effectors. Sensors-like vision, force, proximity, and touch help robots understand their environment, enhancing precision and autonomy in tasks such as assembly and inspection. Meanwhile, the software segment is the fastest growing, driven by increased adoption of artificial intelligence, higher operational speed, improved accuracy, and cost savings. Expanding use of robots across industries like automotive, electronics, food and beverage, and manufacturing supports strong growth in robotics software.
Regional Insights
The North America robot market is driven by rapid technological advancements, increased automation adoption, and a strong focus on precision in manufacturing. Growth is also supported by the rising trend of smart homes and the integration of AI and robotics into household devices. In healthcare, robotics is gaining popularity for tasks such as surgery and patient care, showcasing its transformative potential. U.S. manufacturing companies have significantly invested in automation, with industrial robot installations steadily increasing. The automotive sector leads in robot adoption, followed by electronics and electrical industries.
Market Competitive Landscape
The global robotics market is led by key players like ABB, FANUC, and Universal Robots. Asia-Pacific dominates due to strong manufacturing and government support. Innovation and AI integration drive competition, especially in industrial and service robots. Some key players are- ABB Ltd., Fanuc Corporation, KUKA AG, Universal Robots, Boston Dynamics.
Recent Developments:
In February 2025, Delta introduced its D-Bot series collaborative robots at ELECRAMA 2025 in India, focusing on smart manufacturing. These 6-axis cobots support tasks like electronics assembly, packaging, material handling, and welding, with payloads up to 30 kg and fast operation speeds. Delta also showcased energy-efficient products such as a 240kW DC Fast EV Charger and a transformer-based UPS, highlighting its commitment to sustainability and improving manufacturing efficiency in the Indian market.
In October 2024, Kuka launched a new line of SCARA robots with payloads up to 60 kg. These robots feature high speed and precise repeatability, ideal for applications needing accurate, stable movements. The KR 20’s A1 axis includes a high-precision planetary gear that enhances rigidity and smoothness, improving performance in tasks requiring consistent accuracy. Kuka’s SCARA robots aim to boost productivity in fast, repetitive manufacturing operations.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Type, By Component, By Mobility, By Application, By End Use |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | ABB Ltd., Fanuc Corporation, KUKA AG, Universal Robots, Boston Dynamics. |
Key Topics Covered in the Report
- Global Robot Market Size (FY’2021-FY’2034)
- Overview of Global Robot Market
- Segmentation of Global Robot Market By Type (Industrial Robots, Service Robots)
- Segmentation of Global Robot Market By Application (Assembly & Production, Inspection & Quality Control, Material Handling, Welding & Soldering, Packaging & Palletizing, Others)
- Segmentation of Global Robot Market By Component (Hardware, Software, Services)
- Segmentation of Global Robot Market By Mobility (Fixed Robots, Mobile Robots, Humanoid Robots)
- Segmentation of Global Robot Market By End use (Manufacturing & Industrial, Healthcare, Defense, Agriculture, Others)
- Statistical Snap of Global Robot Market
- Expansion Analysis of Global Robot Market
- Problems and Obstacles in Global Robot Market
- Competitive Landscape in the Global Robot Market
- Details on Current Investment in Global Robot Market
- Competitive Analysis of Global Robot Market
- Prominent Players in the Global Robot Market
- SWOT Analysis of Global Robot Market
- Global Robot Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Robot Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Robot Market
7.Global Robot Market, By Type (USD Million) 2021-2034
7.1.Industrial Robots7.2.Service Robots
8.Global Robot Market, By Component (USD Million) 2021-2034
8.1.Hardware8.2.Software8.3.Services
9.Global Robot Market, By Mobility (USD Million) 2021-2034
9.1. Fixed Robots9.2.Mobile Robots9.3.Humanoid Robots
10.Global Robot Market, By Application (USD Million) 2021-2034
10.1.Assembly & Production10.2.Inspection & Quality Control10.3.Material Handling10.4.Welding & Soldering10.5.Packaging & Palletizing10.6.Others
11.Global Robot Market, By End use (USD Million) 2021-2034
11.1.Manufacturing & Industrial11.2.Healthcare11.3.Defense11.4.Agriculture11.5.Others
12.Global Robot Market, (USD Million) 2021-2034
12.1.Global Robot Market Size and Market Share
13.Global Robot Market, By Region, (USD Million) 2021-2034
13.1.Asia-Pacific
13.1.1.Australia13.1.2.China13.1.3.India13.1.4.Japan13.1.5.South Korea13.1.6.Rest of Asia-Pacific
13.2.Europe
13.2.1.France13.2.2.Germany13.2.3.Italy13.2.4.Spain13.2.5.United Kingdom13.2.6.Rest of Europe
13.3.Middle East and Africa
13.3.1.Kingdom of Saudi Arabia13.3.2.United Arab Emirates13.3.3.Qatar13.3.4.South Africa13.3.5.Egypt13.3.6.Morocco13.3.7.Nigeria13.3.8.Rest of Middle-East and Africa
13.4.North America
13.4.1.Canada13.4.2.Mexico13.4.3.United States
13.5.Latin America
13.5.1.Argentina13.5.2.Brazil13.5.3.Rest of Latin America
14.Company Profile
14.1. ABB Ltd.
14.1.1.Company details14.1.2.Financial outlook14.1.3.Product summary14.1.4.Recent developments
14.2. Fanuc Corporation
14.2.1.Company details14.2.2.Financial outlook14.2.3.Product summary14.2.4.Recent developments
14.3. KUKA AG
14.3.1.Company details14.3.2.Financial outlook14.3.3.Product summary14.3.4.Recent developments
14.4. Universal Robots
14.4.1.Company details14.4.2.Financial outlook14.4.3.Product summary14.4.4.Recent developments
14.5. Boston Dynamics
14.5.1.Company details14.5.2.Financial outlook14.5.3.Product summary14.5.4.Recent developments
14.6.Others
15.Conclusion
16.List of Abbreviations
17.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Robot Market CAGR of 16.86% during the forecast period.
Robot Market size is USD 227.03 billion from 2025 to 2034.
Robot Market is projected to reach USD 227.03 billion by 2034, growing at a CAGR of 16.86% during the forecast period.
Robot Market size from 2025. The Market is expected to reach USD 227.03 billion by 2034, at a CAGR of 16.86% during the forecast period.
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Robot Market covered By Type, By Component, By Mobility, By Application, By End Use
The North America is anticipated to have the highest Market share in the Robot Market.
ABB Ltd., Fanuc Corporation, KUKA AG, Universal Robots, Boston Dynamics.
The report includes an in-depth analysis of the Global Robot Market, including market size and trends, product mix, Applications, and supplier analysis.
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