According to estimates from Statista's Market Insights, the global industrial robotics market is set to reach sales of $10.2 billion in 2025. The two largest segments this year will be robots for the automotive industry (30 percent of new intallations) and robots for the electronics industry (27 percent of installations). According to analyst forecasts, the industrial robotics market is set to grow at a CAGR of 2.7 percent over the period 2025-2029, largely driven by demand in China, which accounts for the bulk of the sector's revenues.
Among the giants of industrial robotics, Japanese and northern European companies are strongly represented. As the following chart shows, the two biggest companies in 2023 were the Swiss-Swedish group ABB (13 percent) and the Japanese firm Epson (13 percent). Other significant players include Japanese companies Fanuc (11 percent), Kawasaki (8 percent), Yaskawa (8 percent) and Denso (4 percent), as well as Danish Universal Robots (4 percent) and Italy's Comau (1 percent). KUKA (6 percent) is a German company by origin with headquarters in Augsburg. In 2016, China's Midea secured a stake of more than 90 percent in the KUKA.
