Global Robot Demand Continues to Grow, Expected Shipments of Approximately 47 Million Units in 2024

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Published inAI News · 2 min read · Sep 24, 2024

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According to data from Qunzhi Consulting, the global demand for robots is showing a continuous growth trend. It is estimated that by 2024, the global shipment of robots will reach approximately 47 million units, with a compound annual growth rate of over 20% in the next five years. Additionally, it is projected that by 2029, the revenue from robots will be close to $128 billion.

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Image Source Note: The image was generated by AI, provided by the image licensing service Midjourney

From the perspective of shipment volume, Qunzhi Consulting's data shows that consumer robots accounted for about 81% of the global market shipments in 2023, maintaining a dominant position in the robot market for a long time; industrial robots accounted for about 17% of the overall market shipments.

These figures indicate that the global robot market is in a phase of rapid growth, with high growth rates expected to continue in the coming years. Meanwhile, consumer robots will continue to dominate the market, while industrial robots will also see steady growth.

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