Canada Industrial Robotics Market Size & Outlook
Canada industrial robotics market, 2018-2030 (US$M)
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Canada industrial robotics market highlights
- The Canada industrial robotics market generated a revenue of USD 363.1 million in 2023 and is expected to reach USD 694.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 9.7% from 2024 to 2030.
- In terms of segment, electrical/electronics was the largest revenue generating end use in 2023.
- Chemical, Rubber, & Plastics is the most lucrative end use segment registering the fastest growth during the forecast period.
Industrial robotics market data book summary
| Market revenue in 2023 | USD 363.1 million |
| Market revenue in 2030 | USD 694.0 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Electrical/electronics |
| Fastest growing segment | Chemical, Rubber, & Plastics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, Electrical/Electronics, Metal/Heavy Machinery, Chemical, Rubber, & Plastics, Food |
| Key market players worldwide | ABB Ltd, YASKAWA Electric Corp, Mitsubishi Electric Corp, KUKA Robotics, Fanuc Corp, Denso Corp, Kawasaki Heavy Industries Ltd, OMRON Corp, Nachi Fujikoshi, Stellantis NV |
Other key industry trends
- In terms of revenue, Canada accounted for 1.2% of the global industrial robotics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. industrial robotics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 694.0 million by 2030.
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Industrial Robotics Market Scope
Industrial Robotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada industrial robotics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial robotics market will help companies and investors design strategic landscapes.
Electrical/electronics was the largest segment with a revenue share of 26.25% in 2023. Horizon Databook has segmented the Canada industrial robotics market based on automotive, electrical/electronics, metal/heavy machinery, chemical, rubber, & plastics, food covering the revenue growth of each sub-segment from 2018 to 2030.
The growth is attributed to increased demand for dynamic operational strategies, and robotic automation in automotive and other sectors. Furthermore, robots are being increasingly adopted by SME manufacturers due to lack of skilled labor and other market fluctuations.
The key companies in Canada are focused on launching technologically advanced robots with AI capabilities. For instance, in May 2022, Kinova Inc. announced the launch of Link 6, the first industrial collaborative robot manufactured in Canada which offers high memory capacity and processing power and can be implemented with AI solutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada industrial robotics market , including forecasts for subscribers. This country databook contains high-level insights into Canada industrial robotics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada industrial robotics market size, by end use, 2018-2030 (US$M)
Canada Industrial Robotics Market Outlook Share, 2023 & 2030 (US$M)
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