At 10.1% CAGR, the North America Industrial Robotics Market is Projected to be worth US$ 5,286.87 million by 2030, says Business Market Insights

According to Business Market Insights research, the North America industrial robotics market was valued at US$ 2,444.77 million in 2022 and is expected to reach US$ 5,286.87 million by 2030, registering a CAGR of 10.1% from 2022 to 2030. Government initiatives and incentives and advancements in automation and industry 4.0 are the critical factors attributed to the North America industrial robotics market expansion.

Governments worldwide are introducing initiatives and incentives to promote industrial automation and robotics adoption. These include tax incentives, subsidies, grants, and funding programs aimed at encouraging businesses to invest and implement robotics and automation technologies. The manufacturing and service action plan includes projects such as autonomous driving, improved air mobility, and the development of integrated technologies that will serve as the foundation for next-generation artificial intelligence and robots. Such government initiatives and incentives are boosting the adoption of industrial robots.  

On the contrary, lack of skilled workforce hurdles the growth of North America industrial robotics market.

Based on types, the North America industrial robotics market is segmented into articulated, cartesian, SCARA, collaborative, parallel, and others. The articulated segment held 66.2% share of North America industrial robotics market in 2022, amassing US$ 1,617.43 million. It is projected to garner US$ 3,426.44 million by 2030 to expand at 9.8% CAGR during 2022–2030.

Based on function, the North America industrial robotics market is segmented into soldering and welding, material handling, assembling and disassembling, painting and dispensing, milling, and cutting and processing. The soldering and welding segment held 28.1% share of North America industrial robotics market in 2022, amassing US$ 686.46 million. It is projected to garner US$ 1,480.25 million by 2030 to expand at 10.1% CAGR during 2022–2030.

Based on industry, the North America industrial robotics market is segmented into automotive, medical and pharmaceuticals, electrical and electronics, rubber and plastics, metal and machinery, and food and agriculture. The automotive segment held 58.8% share of North America industrial robotics market in 2022, amassing US$ 1,438.02 million. It is projected to garner US$ 3,425.62 million by 2030 to expand at 11.5% CAGR during 2022–2030.  

Based on country, the North America industrial robotics market is segmented into the US, Canada, Mexico. Our regional analysis states that the US captured 71.8% share of North America industrial robotics market in 2022. It was assessed at US$ 1,754.22 million in 2022 and is likely to hit US$ 4,082.74 million by 2030, exhibiting a CAGR of 11.1% during 2022–2030.  

Key players operating in the North America industrial robotics market are ABB Ltd, Comau SpA, Fanuc Corp, Kawasaki Heavy Industries Ltd, Kuka AG, Mitsubishi Electric Corp, Seiko Epson Corp, Staubli International AG, Universal Robots AS, and Yaskawa Electric Corp, among others.

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