• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • About
    • Contact
    • Privacy
    • Terms of use
  • Advertise
    • Advertising
    • Case studies
    • Design
    • Email marketing
    • Features list
    • Lead generation
    • Magazine
    • Press releases
    • Publishing
    • Sponsor an article
    • Webcasting
    • Webinars
    • White papers
    • Writing
  • Subscribe to Newsletter

Robotics & Automation News

Where Innovation Meets Imagination

  • Home
  • News
  • Features
  • Editorial Sections A-Z
    • Agriculture
    • Aircraft
    • Artificial Intelligence
    • Automation
    • Autonomous Vehicles
    • Business
    • Computing
    • Construction
    • Culture
    • Design
    • Drones
    • Economy
    • Energy
    • Engineering
    • Environment
    • Health
    • Humanoids
    • Industrial robots
    • Industry
    • Infrastructure
    • Investments
    • Logistics
    • Manufacturing
    • Marine
    • Material handling
    • Materials
    • Mining
    • Promoted
    • Research
    • Robotics
    • Science
    • Sensors
    • Service robots
    • Software
    • Space
    • Technology
    • Transportation
    • Warehouse robots
    • Wearables
  • Press releases
  • Events

Industrial robot components market set for higher growth over next decade

February 1, 2023 by Mark Allinson

The global industrial robot components market is expected to be valued at $6.3 billion in 2023 and it is anticipated to grow at a compound annual growth rate of 13.9 percent to reach $23.2 billion by the end of 2033.

Over the 2018-2022 historical period, the global industrial robot component market registered a compound annual growth rate of 12.5 percent, according to Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 13.9 percent compound annual growth rate between 2023 and 2033.

Market share analysis of industrial robot components based on application and region is provided in a nutshell in the above image. Under the application segment, the robot arm/manipulator sub-segment dominates with a 29.1 percent market share in 2023.

The United States industrial robot component market is expected to expand at a compound annual growth rate of 13.3 percent over the projected period. With the surging installation of industrial robots across the Americas especially in the US, the demand for industrial robots increases.

For instance, in the Americas, the count of installed industrial robots reached over fifty-five thousand in 2021, 31 percent up from 2020. It is a notable growth from the pandemic dip in 2020. Further, it is for the second time in the Americas that robot installations have exceeded the 50,000-unit threshold, with 55,212 units in 2018.

Additionally, new installations increased by 14 percent to 34,987 units in the US in 2021. This was higher than the pre-pandemic 2019 level of 33,378 units. Also, with 9,782 units installed in 2021, the automotive industry will continue to be the biggest adopter.

In addition, the demand for robots in the metal and machinery sector increased by 66 percent to 3,814 units in 2021, accounting for the second position in the market.

Similarly, 3,466 new robots (an increase of 30 percent) were installed in the plastic and chemical products sector in 2021 in the US. The number of robots in the food and beverage sector increased by 25 percent, reaching a new peak of 3,402 units in 2021.

The articulated robot has the largest industrial robot component market share in terms of application. Articulated robots are widely used due to their capability to execute identical motions continually, which are required in applications like assembly, material handling, and others.

The use of articulated robots in pharmaceuticals, autos, and food and beverage, is thrusting the demand for articulated robots, and their manufacturing demand for industrial robot components is mushrooming.

Articulated robot to account for a market share of 29.1 percent in 2023, with a valuation of $1.8 billion in 2023, and reach a valuation of $6.8 billion by the end of 2033. The anticipated growth of articulated robots in industrial robot components is 14.0 percent during the forecast period.

Print Friendly, PDF & Email

Share this:

  • Click to print (Opens in new window) Print
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on Pocket (Opens in new window) Pocket

Related stories you might also like…

Filed Under: Features, Industrial robots Tagged With: americas, annual, application, articulated, billion, component, components, compound, demand, growth, increased, industrial, installed, market, percent, period, rate, robot, robots, sector, share, units

Primary Sidebar

Search this website

Latest articles

  • Mendaera receives FDA clearance for handheld robotic system for ultrasound-guided needle placement
  • Prime Vision robots optimize K-Parts order picking for motorbike spares
  • Vidnoz Review: The Free AI Video Generator That’s Redefining Content Creation
  • Cases Motorcycle Injury Lawyers Consider
  • How a Truck Accident Lawyer Protects Your Rights
  • Loomia launches tactile sensing developer kit to accelerate robotic skin innovation
  • Top 10 Laser Tube Cutting Machines Manufacturers in the World 2025
  • The creation of new AI careers: 4 high-paying jobs that didn’t even exist five years ago
  • RoboCup 2025 brings the world’s top robot soccer teams to Brazil
  • COBOD unveils ‘multifunctional construction robot’ made with TU Braunschweig

Secondary Sidebar

Copyright © 2025 · News Pro on Genesis Framework · WordPress · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT