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Industrial robot revenue to hit $62 billion by 2025: new report

Industrial robot revenue to hit $62 billion by 2025: new report article image

Industrial robot shipments are projected to grow by an average year-over-year rate of 16 per cent by 2021, predicts ABI Research, a global tech research company. 

As demand for industrial robots continues to increase in the workplace, annual revenue is expected to exceed US$30 billion (A$41 billion) in 2020 and nearly US$45 billion (A$62 billion) in 2025.

The automotive sector will remain the leading acquirer of industrial systems, even as it loses share to other growing industries including the electrical and electronics, rubber, and plastics industries.

The food and food packaging, pharmaceutical and cosmetics segments will demonstrate the fastest growth over the next decade, says ABI.

“The industrial robotic market is driven by the demand for increasing levels of speed, precision, and production flexibility,” says Philip Solis, research director at ABI Research.

Investment programs

“Other demand contributors include the introduction of robotics automations into industries that did not previously benefit from robotic industrial automation or new classes of applications.

“Governmental and political manufacturing initiatives, such as entrepreneurship and investment programs, as well as public-private partnerships and reshoring efforts, also provide momentum for the sector.”

The Asia-Pacific region currently leads in shipments of industrial robots, accounting for about 65 per cent of the global market, with China responsible for roughly one-third of worldwide shipments.

ABB accounts for nearly one-half of worldwide shipments, with Yaskawa, Kuka, Fanuc, Kawasaki, Yamaha, Stäubli, Nachi Fujikoshi and Epson Robots as other major shipment contributors.

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