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Jan Zhang Author
Senior Research Director – China
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Jan has more than 10 years of experience in industrial automation and manufacturing research. Jan is leading Interact Analysis’ APAC operations and is also research director for our industrial automation and robotics research.

The slowing global economy, trade wars and uncertainty in the global automotive industry have all contributed to a period of slower than expected growth for industrial robots. However, there are clear signs that the industry is diversifying and putting the foundations in place for significant future growth. Changes are observed in different aspects of the market, including product mix, payload, new industry / applications, and supply chain, which all made the robots market continue to be one of the more exciting spaces to operate in.

The infographic below demonstrates some of the key findings from our Industrial Robots Market – 2019 report and highlights the most recent changes and outlook for the market.

The infographic is also available to download in PDF here.

  • The global industrial robot market declined by 4.3% in 2019 in terms of revenues, whilst growth in unit shipments was flat. Investment in industrial robots is projected to pick-up again in 2020
  • There is a strong trend moving towards more compact and smaller-sized robots, for articulated robots, SCARA robots and collaborative robots, product category with payload of <10kg will count for 39.2%, 80.2% and 81.7% of share for units shipped in 2023 respectively.
  • China accounted for a 27.0% revenue share and 44.5% unit shipment share of the global industrial robot market in 2019. Interact Analysis forecasts that the China market will account for half of industrial robot unit shipments in 2023.
  • Articulated robots are the largest market by robot type (accounting for 59.6% of units shipped in 2019) and are forecast to accounting for 57.5% of the total market in 2023.
  • Collaborative robots accounted for a small share of the total industrial robot market (7.3% in revenue terms and 6.8% in shipment terms in 2019), but are forecast to grow quickest and account for 11.7% in shipment terms in 2023, with CAGR of 26.2% during 2017-2023.
  • The “Big 4” (Fanuc, Yaskawa, ABB and Kuka) represented an estimated 56.4% of the world market in revenue terms in 2018.
  • Epson was estimated to be the largest supplier of SCARA robots in 2018, with a market share of 15.5% in revenue terms. Universal robots continued to dominate the collaborative robot market in 2018 with a market share of >40%
  • Automotive accounted for 38% of the industrial robot revenues in 2018, but its revenue share will decrease to 32.5% in 2023. Higher growth for robotics is expected to see in industries such as food & beverage, logistics, electronics, life science etc

 

Posted by Jan Zhang

Jan has more than 10 years of experience in industrial automation and manufacturing research. Jan is leading Interact Analysis' APAC operations and is also research director for our industrial automation and robotics research. Read More