Industrial robot market size: global including peripherals 2018 & 2024

The worldwide market for industrial robots is expected to grow to approximately 73 billion U.S. dollars by 2023. This is a significant increase from where the market was in 2017, around 41 billion U.S. dollars.

Industrial robot demand

Worldwide sales of industrial robots grew through the last decade, reaching 384 thousand in 2018, a jump from 178 thousand units five years before. Most industrial robots are installed in the automotive or electronics industries. The operational stock of multipurpose industrial robots is expected to reach 3.2 million units in 2020. South Korea is the country with the largest amount of industry-related robot density; the country recorded 710 industrial robot units per ten thousand employees in 2017.

Industry growth

The market for industrial robots, although projected to grow, is estimated as the slowest/smallest growing robotics market. In contrast, consumer robotics has a strong predicted growth rate of more than 20 percent, the most of any sector of the market. One of the most frequently bought type of consumer robots are vacuum cleaner robots.

Global size of the market for industrial robots and peripherals in 2018 and 2024

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Release date

October 2019



Survey time period


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