summary
A recovery is projected in 2025, with a strong market expansion until 2029, with a forecast of 20.6% growth.
London – July 17, 2025 – Despite the initial forecast, despite the initial forecast that the global collaboration robot (cobot) market will bottom out in 2023, with cobot shipping growth falling to 13.8%, according to new data from interaction analysis. Market information experts report that the market has been growing in recent years amid continuing economic headwinds and supply chain disruptions. Variation in expansion rates indicates the market’s sensitivity to macroeconomic conditions. However, the strongest growth year at shipment during the forecast period until 2029 is marked in 2026 (23.9%), so we expect a return to stronger growth.
Dialogue analysis predicts early signs of revival ahead of the projected high growth from 2026 to 2029, but there have been significant structural shifts reshaping the overall landscape of the cobot market. Both the non-manufacturing sector and the new energy sector have emerged as key pillars of the market, both maintaining stable demand. Meanwhile, the semiconductor and electronics industry, which traditionally was end users of a strong market, is beginning to generate significant orders as it moves into the recovery cycle.
Two of the most common applications in manufacturing involve material handling and assembly. Together, they account for around 50% of the 2024 cobot market revenue. The downstream industry also shows strong demand for joint robots. Both testing and testing showed application growth rates of over 20% in both 2023 and 2024.
China could reach 70,000 cobot units by 2029
Since 2023, China has accounted for more than half of the world’s cobot cargo, with nearly 70,000 units expected to reach 2029. EMEA and the US will maintain a stable but modest market share. Automotive is the largest end-user industry in the global cobot market, but electronics are the largest and still the largest for China. Approximately a third of all cooperative robots sold in China in 2023 appeared in the electronics industry.
In 2024, China’s price cuts were among other factors, leaving global joint robot revenue growth in single digits. In the European market, macroeconomic challenges have reduced revenue contributions, but the US market faces economic uncertainty and tariff-related concerns continue to constrain the market.
“Cobot revenues are currently expected to reach around $2.5 billion in 2029. Core growth drivers continue to maintain a rise in labor shortages and labor costs, expanding e-commerce, transitioning to flexible manufacturing, and increasing adoption of cobots in the services sector, at least 15%-20%,” said Maya Xiao, research manager at Interact Analysis.
About the report
This report provides insights and analysis of the collaborative robotics industry focusing on collaborative robotic arms used in manufacturing, logistics and other applications.
The premium edition of the report also includes country-level analysis (by country/industry/payload), medium-term forecast updates at all regional levels, and quarterly market movement trackers.
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, from the technology used to automate factory production to the transportation of finished products through inventory storage and distribution channels. The world’s leading companies trust us to surface robust insights and opportunities for technology-driven growth.
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