PUNE – – October 12, 2026 -- The global robotics market will grow from USD 92 billion in 2025 to USD 480.1 billion by 2034, a compound annual growth rate of 20.15% over 2026–2034, according to a new analysis by Maximize Market Research.
The firm attributes the expansion to industrial automation, adoption of AI-powered robots, advances in smart manufacturing and rising demand from automotive, electronics, healthcare and logistics. Demand spans industrial robots, collaborative robots (cobots), autonomous mobile robots (AMRs), automated guided vehicles (AGVs), service robots and humanoid robots. The report covers 154 data tables across 327 pages.
Asia-Pacific held the largest market share in 2025
China is the largest national market for annual industrial robot installations. Japan is advancing precision manufacturing, service robots and healthcare robotics, while South Korea benefits from automation in semiconductor and automotive production. India is gaining ground through smart manufacturing initiatives and demand for cost-efficient robotic solutions.
North America and Europe are seeing rising adoption of cobots, warehouse automation and humanoid robotics. The report cites manufacturing reshoring, skilled labour shortages and intelligent factory investment as opportunities in both regions. European demand is concentrated in Germany, France and Italy, and GCC countries are building demand through industrial diversification and logistics automation.
FANUC America commits USD 90 million to an 840,000-square-foot Michigan plant
On March 24, 2026, FANUC America announced the investment to build a robotics manufacturing facility in Michigan. The plant is expected to be completed by late 2027 and to create approximately 225 jobs. It will support future industrial robot production aimed at demand for AI-powered robotics, physical AI, digital twin technologies and advanced manufacturing solutions.
Handling and automotive applications anchor demand
Handling is a key application segment, driven by pick-and-place operations, material handling, packaging and palletizing in manufacturing and logistics. Welding & soldering and assembling & disassembling are widely used in automotive and electronics production.
Automotive is a major end-use industry, with demand for robotic welding, assembly, painting and automated production lines. Electrical & electronics adoption is tied to semiconductor manufacturing and precision assembly. Metals & machinery, food & beverages and pharmaceuticals & cosmetics also require automation.
Fourteen named vendors compete as physical AI and Robots-as-a-Service open new niches
The report names ABB Group, FANUC Corporation, Yaskawa Electric Corporation, KUKA AG, Universal Robots, Teradyne, Mitsubishi Electric Corporation, Kawasaki Heavy Industries, OMRON Corporation, Honeywell International, Siemens, Boston Dynamics, NVIDIA and Symbotic as major players. They are competing through product innovation, strategic partnerships, advanced sensors, AI integration and software development.
Maximize Market Research identifies physical AI, humanoid robotics, precision actuators, machine vision, autonomous navigation and Robots-as-a-Service models as emerging opportunities.