Robot Market Drivers and Analysis 2031
Robot Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2024 | US$ 98.51 Billion |
Market Size by 2031 | US$ 266.86 Billion |
Global CAGR (2025 - 2031) | 15.3% |
Historical Data | 2021-2023 |
Forecast period | 2025-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Robot Market News and Recent Developments
The robot market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the robot market are listed below:
- OSARO, a global leader in machine-learning-enabled robotics for e-commerce, is partnering with FANUC America, the leading supplier of CNCs, robotics, and ROBOMACHINEs, to expand the capabilities of FANUC’s robotic automation solutions optimized for warehousing and e-commerce fulfillment. The two companies will collaborate on go-to-market strategies, commencing with the installation of an advanced piece-picking demonstration robot at FANUC’s Innovation Center in Rochester Hills, Michigan. (Source: OSARO, Newsletter, 2023)
- ABB Robotics is expanding its large robot range with four new models and 22 variants, offering more choice, increased coverage, and greater performance. The next generation models include the IRB 6710, IRB 6720, IRB 6730, and IRB 6740, suitable for payloads ranging from 150kg to 310kg, with a reach from 2.5m to 3.2m, offering customers greater choice and significant performance and energy efficiency improvements. (Source: ABB, Newsletter, 2023)
Robot Market Report Coverage and Deliverables
The “Robot Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Robot market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Robot market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Robot market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Robot market
- Detailed company profiles