Friday, May 9, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    How Private Cloud Enhances Risk Management and Compliance in Financial Services

    How Private Cloud Enhances Risk Management and Compliance in Financial Services

    Remote Data Scientists

    The Trio That Powers AI: Why Remote Data Scientists, Engineers & Architects Are in High Demand

    Edge Computing in IoT: A Game-Changer for Product Performance

    Edge Computing in IoT: A Game-Changer for Product Performance

    PicLumen’s

    From Casual to Professional: How PicLumen’s AI Helps Create the Perfect Avatar

    Hosting

    How to Choose Hosting That Shields Your Website from Attacks

    AI Math

    Top Benefits of Using an AI Math Solver for Students

    Remote Data Scientists

    The Trio That Powers AI: Why Remote Data Scientists, Engineers & Architects Are in High Demand

    5 Best Software Developers Companies in the United Kingdom

    5 Best Software Developers Companies in the United Kingdom

    EDM Music Production

    How AI Helps EDM Music Production

  • Consumer
    How to adjust glasses at home – a step-by-step guide!

    How to adjust glasses at home – a step-by-step guide!

    Why quality toilet cubicle hardware matters

    Why quality toilet cubicle hardware matters

    Common Mistakes in KYC Identity Verification

    Common Mistakes in KYC Identity Verification

    Consumer habits

    British Furniture Market Sees Significant Changes in Consumer Preferences

    Why are high-street bookmakers declining in the UK?

    Why are high-street bookmakers declining in the UK?

    Straps for smartwatches: The Complete guide

    Straps for smartwatches: The Complete guide

    High street retailers are at a “crossroads”, says retail tycoon

    High street retailers are at a “crossroads”, says retail tycoon

    The Benefits of Carbon Fibre Material Used in New Folding Electric Wheelchairs

    The Benefits of Carbon Fibre Material Used in New Folding Electric Wheelchairs

    Valentine’s Day Gifts for Her: From Sweet Surprises to Timeless Classics

    Valentine’s Day Gifts for Her: From Sweet Surprises to Timeless Classics

  • Finance
    Top Metrics to Track When Using Forex Signals: 5 Key Indicators for Better Trading Outcomes

    Top Metrics to Track When Using Forex Signals: 5 Key Indicators for Better Trading Outcomes

    Are Microtransactions Still as Contentious as They Once Were?

    Are Microtransactions Still as Contentious as They Once Were?

    The Impact of Fintech on Traditional Banking

    The Impact of Fintech on Traditional Banking

    The value of financial advice when saving for retirement

    The value of financial advice when saving for retirement

    How to Build Wealth Through Long-Term Investing: Five Strategies

    How to Build Wealth Through Long-Term Investing: Five Strategies

    Best Secured Loans Providers in the UK

    Best Secured Loans Providers in the UK

    Power of Flexible and Scalable Cross border Payment Platform for Business

    Power of Flexible and Scalable Cross border Payment Platform for Business

    Gold Coins That Save You Tax in the UK

    Gold Coins That Save You Tax in the UK

    Apple’s Market Decline

    Apple’s Market Decline

  • Environment
    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Environmental Benefits

    What Are The Environmental Benefits Of Choosing Eco-friendly Rubbish Removal In Croydon?

    Why You Should Hire Waste collectors for efficient waste removal

    Why You Should Hire Waste collectors for efficient waste removal

    Choosing the Right Floating Dock Platform for Your Aquaculture Cages

    Choosing the Right Floating Dock Platform for Your Aquaculture Cages

    How to Use UV Light in Your HVAC System for Cleaner Air

    How to Use UV Light in Your HVAC System for Cleaner Air

    Stress and Anxiety

    How Eco-Friendly Environments Can Reduce Stress and Anxiety?

  • Property
    Guide to purchasing property in Marbella

    Guide to purchasing property in Marbella

    Can Parquet Flooring Work in Modern Homes: A Versatile Choice or Just for Period Properties?

    Can Parquet Flooring Work in Modern Homes: A Versatile Choice or Just for Period Properties?

    7 Key Benefits of Asset Tracking for Property Owners

    7 Key Benefits of Asset Tracking for Property Owners

    company event image

    Luxury vs. Budget: Wedding Venues in the City of London for Every Couple

    Home

    How to Sell Your Chelsea Home for the Best Price

    How Smart Homes Are Changing the Way We Live

    How Smart Homes Are Changing the Way We Live

    Is Your New Home In A Nice Area?

    Is Your New Home In A Nice Area?

    Modern back-garden cabins are flourishing in residential settings

    Modern back-garden cabins are flourishing in residential settings

    The UAE’s Strategy to Become the World’s Most Lucrative Real Estate Market

    The UAE’s Strategy to Become the World’s Most Lucrative Real Estate Market

  • eCommerce
    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    Amazon Expert

    Amazon Expert: Key Qualifications to Look For

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Personalized Shopping: How Technology is Transforming Retail

    Personalized Shopping: How Technology is Transforming Retail

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    Magento Web Development Company: Unlocking the Power of E-Commerce

    Magento Web Development Company: Unlocking the Power of E-Commerce

    eCommerce in 2025: What’s Changing and Why It Matters

    eCommerce in 2025: What’s Changing and Why It Matters

    E-Commerce

    Why Real-Time Transaction Monitoring is a Game-Changer for E-Commerce

    UI/UX Design Process for E-commerce Websites: 7 Key Ways to Create a Near-Perfect Interface

    UI/UX Design Process for E-commerce Websites: 7 Key Ways to Create a Near-Perfect Interface

No Result
View All Result
Today News
Home Tech

Robotics Revolution: Tracking Global Growth and Market Dynamics

James McLean by James McLean
October 1, 2024
Reading Time: 5 mins read
robot usage
356
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

According to the latest World Robotics report, there are now 4,281,585 operational robots in factories around the globe, marking a 10% increase. For the third consecutive year, installations have surpassed half a million units annually. In terms of regional distribution, Asia accounted for 70% of all newly installed robots in 2023, while Europe and the Americas made up 17% and 10%, respectively.

China stands out as the world’s largest robotics market, with 276,288 industrial robots installed in 2023, which constitutes 51% of global installations. This figure is the second highest recorded to date, following the 290,144 units installed in 2022. The market share of domestic manufacturers has surged significantly, reaching 47% in 2023 compared to a fluctuating average of about 28% over the past decade. By the end of 2023, China’s operational stock of robots was nearly 1.8 million, making it the first nation to reach such a milestone. Anticipated demand for robots is projected to rise in the latter half of 2024, potentially leading to enhanced market stability by the year’s conclusion. Looking ahead, there remains substantial growth potential in Chinese manufacturing, with forecasts suggesting an average annual growth rate of 5-10% through 2027.

Related posts

How Private Cloud Enhances Risk Management and Compliance in Financial Services

How Private Cloud Enhances Risk Management and Compliance in Financial Services

May 8, 2025
462
Remote Data Scientists

The Trio That Powers AI: Why Remote Data Scientists, Engineers & Architects Are in High Demand

May 7, 2025
449

Japan retains its position as the second-largest market for industrial robots, trailing China. In 2023, 46,106 units were installed, reflecting a decline of 9%. This downturn follows two robust years, including a peak of 50,435 units in 2022, which was the second-best performance after 2018’s figure of 55,240 units. While robot demand in Japan is expected to remain stagnant in 2024, a rebound is anticipated in 2025 and the following years, likely resulting in medium to upper single-digit growth rates.

The Republic of Korea’s robotics market has shown steady trends, with 31,444 installations in 2023—a slight year-on-year decrease of 1%. This places South Korea as the fourth-largest global market for industrial robots, following the United States, Japan, and China.

India has emerged as one of the fastest-growing economies in Asia, achieving a remarkable 59% increase in robot installations, which reached a record 8,510 units in 2023. The automotive sector was a significant contributor, with demand surging to 3,551 units—an increase of 139%—driven by both car manufacturers and their suppliers.

Europe

In Europe, industrial robot installations rose by 9%, achieving a record high of 92,393 units. A substantial 80% of these installations occurred within the European Union (73,534 units, a 2% increase). The completion of delayed projects and the clearance of backlogs significantly contributed to this growth, aided by the ongoing trend of nearshoring. The automotive industry played a crucial role in this expansion, particularly in established manufacturing nations like Spain (5,053 units, +31%), as well as in smaller markets such as Slovakia (2,174 units, +48%) and Hungary (1,657 units, +31%).

Germany, the largest market in Europe and the only European nation among the global top five, saw a 7% increase in installations, totaling 28,355 units. In contrast, Italy, the second-largest European market, experienced a 9% decrease, with 10,412 units installed. France, ranking third in Europe, also saw a decline of 13%, with installations totaling 6,386 units.

The UK witnessed a remarkable surge in industrial robot installations, which increased by 51% to 3,830 units in 2023. This growth was largely driven by investments in the automotive industry, particularly for assembly tasks.

The Americas

In the Americas, robot installations exceeded 50,000 units for the third consecutive year, reaching a total of 55,389 units in 2023, just 1% lower than the record set in 2022.

The United States, as the largest market in the region, accounted for 68% of installations, with 37,587 units installed in 2023—a 5% decrease. This figure ranks as the third highest recorded after 2022 and 2018. Demand from the automotive sector dropped by 15% to 12,421 units, aligning with average demand patterns over the last decade. Meanwhile, installations in the metal and machinery sector increased by 8% to 4,171 units, and the electrical/electronics industry remained stable at 3,900 units (+1%).

In Canada, installations rose by 37% to 4,311 units, primarily driven by the cyclical nature of automotive investments, with the automotive sector comprising 58% of the total installations in 2023.

In Mexico, the automotive sector remains a major driver, representing 70% of the market. However, installations in this sector fell by 5% to 4,087 units, reflecting the cyclical demand often seen in this industry segment. Overall, total installations in Mexico reached 5,832 units in 2023, indicating a decrease of 3%.

Outlook

The OECD forecasts a stabilization of global growth; however, geopolitical challenges continue to pose significant risks and uncertainties. Recent crises have highlighted the need for domestic production capabilities in key industries. Automation offers manufacturers the ability to establish production facilities in developed economies without compromising cost-effectiveness. By 2024, the global economic downturn is expected to have reached its lowest point, with global robot installations projected to stabilize at 541,000 units. An acceleration in growth is anticipated in 2025, with a continuation into 2026 and 2027, showing no signs of an end to the overall long-term growth trend.

Orders for the 2024 World Robotics Industrial Robots and Service Robots reports can be placed online, with additional downloadable content available.

About IFR

The International Federation of Robotics (IFR) represents the voice of the global robotics industry, including national robot associations, academic institutions, and manufacturers of both industrial and service robots from over twenty countries.

The IFR Statistical Department is responsible for producing data for two annual reports on robotics:

  • World Robotics – Industrial Robots: This detailed report provides comprehensive global statistics on industrial robots, presented in standardized tables for ease of national comparison. It includes data from around 40 countries, categorized by application areas, customer industries, robot types, and various technical and economic factors. Additionally, it presents production, export, and import data for selected countries, along with robot density metrics, which measure the number of robots per 10,000 employees as an indicator of automation levels.
  • World Robotics – Service Robots: This report outlines marketable products, tasks, challenges, and new developments related to service robots. It includes findings from the IFR service robot survey on global sales of both consumer service and professional robots, as well as an industry structure analysis that features a comprehensive list of service robot manufacturers recognized by the IFR. This study is conducted in collaboration with robotics experts from Fraunhofer IPA in Stuttgart.

James McLean

Previous Post

The Facial Revolution: Why Skincare’s Most Iconic Treatment Is No Longer Just a Luxury

Next Post

New Report Highlights the Social and Economic Importance of the British Pub

Related Posts

How Private Cloud Enhances Risk Management and Compliance in Financial Services
Tech

How Private Cloud Enhances Risk Management and Compliance in Financial Services

May 8, 2025
462
Remote Data Scientists
Tech

The Trio That Powers AI: Why Remote Data Scientists, Engineers & Architects Are in High Demand

May 7, 2025
449
Edge Computing in IoT: A Game-Changer for Product Performance
Tech

Edge Computing in IoT: A Game-Changer for Product Performance

May 6, 2025
450
PicLumen’s
Tech

From Casual to Professional: How PicLumen’s AI Helps Create the Perfect Avatar

May 2, 2025
295
Hosting
Tech

How to Choose Hosting That Shields Your Website from Attacks

May 2, 2025
392
AI Math
Tech

Top Benefits of Using an AI Math Solver for Students

May 2, 2025
579
Next Post
British pub

New Report Highlights the Social and Economic Importance of the British Pub

RECOMMENDED NEWS

Exploring the Evolution of Nicotine Enjoyment with Smokeless Options

Exploring the Evolution of Nicotine Enjoyment with Smokeless Options

1 year ago
485
Dental Tourism in Mexico: Benefits for American Tourists

Dental Tourism in Mexico: Benefits for American Tourists

9 months ago
598
5 Gardening Affiliate Programs To Join in 2024

5 Gardening Affiliate Programs To Join in 2024

11 months ago
562
Finzilo Review

Finzilo Review 2025: AI Trading Automation Just Got Smarter!

1 month ago
375

BROWSE BY CATEGORIES

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Energy
  • Engineering
  • Entertainment
  • Entrepreneurs
  • Environment
  • Fashion
  • Finance
  • Food & Drink
  • Gaming
  • Gardening
  • Health
  • Insurance
  • Interiors
  • Legal
  • Leisure
  • Lifestyle
  • Manufacturing
  • Marketing
  • National
  • News
  • Opinion
  • Pets
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel
  • Uncategorized

BROWSE BY TOPICS

Agency AI autosmart banking Beauty business Christmas construction cyber security data digital Digital Marketing Services ecommerce entertainmnet finance fitness health inflation insurance kitchen KYND lifestyle manchester music News north overseas Personal Injury Pharmaceutical Industry property Real Estate recruitment Sir Michael Morpurgo Skincare sports technology The Victoria Quarter tourism travel UK vehicles Warkworth village watch workspace yorkshire

Latest news

Enhancing Customer Experience in the Utility Sector

New Activity Benchmarks Challenge the 10,000-Step Rule

May 9, 2025
The Business Benefits of Investing in T3 Modular Stand Solutions

The Business Benefits of Investing in T3 Modular Stand Solutions

May 8, 2025
Eco-Friendly Cardboard Boxes for Budget-Conscious Brands

Eco-Friendly Cardboard Boxes for Budget-Conscious Brands

May 8, 2025
How Private Cloud Enhances Risk Management and Compliance in Financial Services

How Private Cloud Enhances Risk Management and Compliance in Financial Services

May 8, 2025
Stylish Yet Safe: Modern Design Trends in Safety Flooring

Stylish Yet Safe: Modern Design Trends in Safety Flooring

May 8, 2025
How to spin the wheel in live Roulette

How to spin the wheel in live Roulette

May 8, 2025
What is a wash trough sink?

What is a wash trough sink?

May 8, 2025
Why Obtaining a Crypto License in the UK Is Becoming Essential for Global Fintech Growth

Why Obtaining a Crypto License in the UK Is Becoming Essential for Global Fintech Growth

May 8, 2025
Online Communication Without the Risks: Safer Chat Sites Like Omegle

Online Communication Without the Risks: Safer Chat Sites Like Omegle

May 8, 2025
Health, Fashion, and Lifestyle: 2025 Trends Shaping Wellness and Style Choices

Health, Fashion, and Lifestyle: 2025 Trends Shaping Wellness and Style Choices

May 8, 2025

Today News

  • About
  • Write for us
  • Contact
  • Privacy Policy

@2024 Rooftree Publishing Ltd

Today News in association with Kajino.com

Sign up for our newsletter




  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce

Recent News

Enhancing Customer Experience in the Utility Sector

New Activity Benchmarks Challenge the 10,000-Step Rule

May 9, 2025
The Business Benefits of Investing in T3 Modular Stand Solutions

The Business Benefits of Investing in T3 Modular Stand Solutions

May 8, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact