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However, Europe is set to fall behind in the coming years following the market contraction in 2024.
London, July 14, 2025 – The global industrial robot industry major recession in 2023 continued throughout 2024, with revenues down 5.8% year-on-year, according to interaction analysis. The latest report from Market Intelligence Specialist suggests that this, coupled with a drop in average prices, is due to a decline in demand caused by the DIP of annual manufacturing activity. Manufacturing is facing a challenging year in 2024, with investment in production slowing in all major regions due to high interest rates in Western markets and suppressed demand in Asia. Furthermore, the fierce competition in the industrial robot market has significantly narrowed the margins of robot manufacturers, with many emerging brands sacrificing market share profitability.
However, there are indications that the macroeconomics could slowly emerge from the recession, and the industrial robotics industry will gradually recover in 2025. However, Europe appears to be lagging behind in the coming years following a market contraction of 8.1% in 2024.
Industrial robot performance across major regions and industries
The overall industrial robot market fell in 2024, but performance in major regions was varied. The APAC region dominates the global industrial robot market due to high concentration of vendors and a large volume leading to lower robot prices than other major regions. Dialogue analysis predicts that the APAC region will continue to grow steadily over time as demand for robots increases, but the Americas predicts that the US will reuse its initiative and maintain its market position as Latin America is increasingly likely. The long-term view of the EMEA region is not so positive, and the industrial robot market is projected to grow at a slower CAGR compared to the other two regions over the next five years. Nevertheless, it continues to be the second largest market for industrial robots.
From an industry-specific performance standpoint, the automotive industry struggled in 2024, and the demand for industrial robots also declined with the general manufacturing of electronics, metals, plastics and rubber. However, the demand for industrial robots in consumer-related industries, including the food & life sciences industry, has shown more resilience.
Commenting on the latest industrial robot reports, Samanthamu, research analyst in interaction analysis, said: “In 2024, the industrial robot market continued to decline from the 2023 recession. However, we expect a gradual recovery in the robot market across all three major regions in 2025. However, until Europe has seen weak signs of recovery, growth forecasts for the EMEA region will benefit from the broader manufacturing sector in Europe.
About the report
Our Industrial Robots Report includes market size and forecast data for industrial robots with detailed segmentation in both revenue and shipping terms, five-year forecasts to 2029, and discussion and analysis of key trends and market drivers provided by robot types, payloads, industries and applications.
Dialogue analysis
With experience combining over 200 years of experience, Interaction Analysis is the market intelligence authority for global supply chain automation. Our research covers the entire automation value chain. It is through technology used to automate factory production, inventory storage and distribution channels, to the transport of finished goods. The world’s leading companies trust us to surface robust insights and opportunities for technology-driven growth.
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