Industrial Roboverse, Global, 2024-2029

Operational Efficiency Gains are Driving Transformational Growth in Industrial Robots due to the Rising Labor Shortage, Pushing Industries to Automate Tasks

This study explores industrial robotics' potential growth opportunities. The global workforce shortage and customers' growing interest in automation are significant drivers for the adoption of robots, which are being deployed across several industries, including retail, manufacturing, healthcare, food and beverage, and agriculture. A few countries have created road maps for robotic automation, and several government policies are also aiding adoption. The benefits of adopting robots include improved process efficiency, consistency, and quality.

This study outlines factors driving and restraining the growth of the global industrial roboverse and their anticipated impact throughout the forecast period (2024-2028). Trends such as artificial intelligence (AI), ease of programming, cloud computing, and advanced vision sensors will augment robots' operational and decision-making capabilities. Industrial robotics enables flexible manufacturing, contributing to the larger context of sustainability.