Goldman Sachs Predicts Humanoid Robot Market to Reach $138 Billion by 2035
A new report from Goldman Sachs has revised its humanoid robot market forecasts upward, predicting global shipments will reach approximately 6.5 million units by 2035, corresponding to a market size of roughly $138 billion.
The report, authored by Eric Sheridan, identifies logistics and warehousing as the earliest scenario for scaled deployment, with Amazon and Walmart at the forefront of this transformation.
Amazon has already deployed over 1 million robots across more than 300 sites, while Walmart has extended freight automation to all 3,100 stores across the U.S. Goldman Sachs estimates that if Amazon achieves a 5.6% improvement in total fulfillment costs from 2026 to 2030, unit fulfillment costs could decline by about 11%, generating cumulative savings of approximately $72 billion.
The report also notes that automation extends beyond cost reduction, with companies like Amazon able to expand consumer wallet share through lower prices and faster delivery. However, Goldman Sachs maintains a cautious view of current technological boundaries, noting that humanoid robots can currently handle only about 2% of tasks directly in the automotive industry.
The proliferation of humanoid robots is expected to bring structural incremental demand to the semiconductor supply chain, with each robot corresponding to $3,000 to $6,000 or more in semiconductor demand. The report expects average unit prices to decline from $41,800 in 2025 to $21,300 in 2035, accelerating commercialization.