Wednesday, April 10, 2024

Rising Demand: Global Industrial Robotics Market Estimated at $46.7 Billion in 2023

 The Global Industrial Robotics Market is estimated to be valued at USD 46.7 billion in 2023 and is projected to reach USD 78.2 billion by 2030, exhibiting a CAGR of 10.3% during the forecast period from 2025 to 2030. Factors such as increasing labor costs, superior technical capabilities compared to humans, ease of integration, and the availability of various models have been contributing to the steady growth of the industrial robotics market. Notably, significant investments in the robotics sector are also playing a pivotal role in its expansion.

For example, ForwardX Robotics, a Beijing-based robotics firm specializing in industrial robots for the logistics industry, recently announced a new round of funding totaling USD 15 million. Additionally, BrainCorp, the maker of robotic scrubbers, recently secured USD 36 million in investments. These investments underscore the growing confidence in the potential and efficiency of industrial robotics, further propelling market growth.

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