Industrial Robotics Market Demand, Share & Trends 2029
The global industrial robotics market is projected to reach $32.7 billion by 2029, at a CAGR of 6.2% from 2022 to 2029. By volume, this market is expected to grow at a CAGR of 11.2% from 2022 to 2029 to reach 950.1 thousand units by 2029.The growth of the industrial robotics market is attributed to the increasing adoption of robots in the manufacturing sector, government support and policies for the adoption of industrial robots, high labor cost in North America and Europe, and the increasing number of SMEs globally.