North America Industrial Robotics Market Size & Outlook
North America industrial robotics market, 2018-2030 (US$M)
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North America industrial robotics market highlights
- The North America industrial robotics market generated a revenue of USD 2,534.4 million in 2023.
- The market is expected to grow at a CAGR of 6.4% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,534.4 million |
| Market revenue in 2030 | USD 3,906.2 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Electrical/electronics |
| Fastest growing segment | Chemical, Rubber, & Plastics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 8.4% of the global industrial robotics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 4,293.8 million by 2030.
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Industrial Robotics Market Scope
Industrial Robotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 25.99% in 2023. Horizon Databook has segmented the North America 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.
North America accounted for the market share of 8.4% in 2023 the region is experiencing a surge in automation adoption across various industries, including manufacturing, automotive, and logistics, driven by the pursuit of operational efficiency, cost-effectiveness, and improved production capabilities.
Additionally, advancements in technology, such as the integration of artificial intelligence, machine learning, and the Industrial Internet of Things (IIoT), contribute to the increased demand for sophisticated robotic systems.
The region's focus on innovation, coupled with the need for precision and flexibility in manufacturing processes, has propelled the growth of the industrial robotics market in North America. Furthermore, the ongoing emphasis on reshoring and the need for resilient and agile supply chains have further fueled the adoption of industrial robotics in the region, solidifying its prominent market position.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America industrial robotics market , including forecasts for subscribers. This continent databook contains high-level insights into North America industrial robotics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America industrial robotics market size, by country, 2018-2030 (US$M)
North America Industrial Robotics Market Outlook Share, 2023 & 2030 (US$M)
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