The global Industrial robot market is likely at US$ 17,925 million in 2023 and expected to grow at a CAGR of 12.1% during the forecast years of 2023-2033. Robot market is emerging and also expected to witness greater growth over the forecast year as to increase the efficiency of work and replace human labor.
The industrial robot can be used in various tasks such as performing precise surgeries, industrial operation and fun toy for learning experience. The robot arms are capable of pick and place object in different locations which are equipped with CNC work, laser engraving and 3D printing technology. The DIY robot arms comes with customizable features and can be cost effective due to its low manufacturing costs.
