Barclays Predicts Humanoid Robot Market Could Reach $200 Billion by 2035, with China Leading
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Barclays' latest report forecasts that the humanoid robot market could grow to a staggering $200 billion by 2035, contributing to a trillion-dollar physical AI ecosystem. This evolution marks the transition to 'Automation 3.0', where robots adapt to human environments rather than the other way around.
The report highlights that the most significant breakthrough in the robotics industry is not merely replacing factory workers but entering the service sector, which has long resisted automation. Humanoid robots, with their versatile mobility and human-like operational capabilities, are poised to tackle tasks in hospitality, elder care, and household cleaning, tapping into a lucrative market that constitutes 60%-80% of GDP in major economies.
Currently, China is projected to account for approximately 85% of global humanoid robot deployments by 2025, with companies like Zhiyuan and Yuzhu leading the way. The average cost of a humanoid robot in China is about $50,000, significantly lower than in Western countries. No further timeline was disclosed at the time of publication.
Original report
Barclays Report: Humanoid Robot Market Could Reach $200 Billion by 2035, China Leads the Way
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