The Giants of Industrial Robotics

According to estimates from Statista's Market Insights, the global industrial robotics market is set to reach sales of 8.5 billion euros in 2024. The two largest segments are robots for the electronics industry (28 percent of sales) and for the automotive industry (24 percent). According to analyst forecasts, the industrial robotics market is set to grow at a CAGR of 2.9 percent over the period 2024-2028, largely driven by demand in China, which accounts for the bulk of the sector's revenues.

Among the giants of industrial robotics, Japanese, Swiss and German companies are strongly represented. As the following chart shows shows, the Swiss-Swedish group ABB currently dominates the industrial robotics market, with a global market share of 21 percent in 2022, ahead of Germany's KUKA (9 percent) and Japanese companies Kawasaki (9 percent), Fanuc (8 percent), Mitsubishi (5 percent) and Yaskawa (5 percent).