Equity research
2026.07.18 23:42

Deutsche Bank: Humanoids

Market Growth Forecast

> Rapid Expansion: The global humanoid robot market is projected to see significant growth, moving from approximately 3,030 units in 2024 to an estimated 700,500 units by 2030.

> Long-Term Outlook: Looking further ahead, the forecast anticipates the market scaling to 70 million units by 2050.

> Market Value: The market value is also expected to climb sharply, reaching $1,050,000 million (or $1.05 trillion) by 2050.

Regional Dominance

> China's Lead: China is currently the primary driver of the market, accounting for 85% of global shipments in 2024. While this percentage is forecast to decrease as other markets mature, China is still expected to remain a dominant player, holding 43% of the market share by 2050.

> United States: The U.S. share is projected to grow from 12% in 2024 to 43% by 2050, effectively matching China's share by the end of the forecast period.

> Other Regions: Europe, Japan, and other regions are expected to grow from a small 3% share in 2024 to 14% of the global market by 2050.

Key Industry Players

> United States: Major players include Tesla, Figure, Agility, Boston Dynamics, and 1X. Tesla is forecasted to be a significant contributor, growing from 100 units in 2024 to 150,000 units by 2030.

> China: Prominent companies include Unitree, AGIBOT, UBTECH, Leju Robotics, Booster Robotics, and Galbot. Unitree is projected to reach 100,000 units by 2030.

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