Bergur Thormundsson
Research expert covering technology in the Nordics, AI and smart cities
Get in touch with us nowWorldwide industrial robot shipments amounted to some 553,000 in 2022, just a slight increase compared to 2021. It is projected that industrial robot shipments will increase significantly in the coming years. It is expected that in 2026, global industrial robot shipments will amount to about 718,000.
Japan, China, the United States, South Korea, and Germany are counted among the five leading industrial robot markets worldwide. In emerging manufacturing markets, the growth trend is largely driven by rising wages that make the use of machines appear a viable alternative to human labor.
Industrial robots can be deployed for a wide range of tasks in a growing number of industries. Although the highly automated car manufacturing sector remains one the largest areas of application for electro-mechanical machines, it was the electrical/electronics industry that installed the most industrial robots in 2020.
It has to be noted that the field of robotics is a part of another industry: the automation market. This industry is comprised of a variety of products and services, including relays, switches, sensors and drives, machine vision and control systems, as well as industry software development and services. Conglomerates like Siemens, Mitsubishi Electric or General Electric are the major vendors of industrial automation and industry software. The key players in the industrial robot market include ABB, KUKA, Fanuc, Kawasaki, and Yaskawa.
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1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.