Robohub.org
 

IFR predicts 15% industrial robot growth through 2018

by
02 October 2015



share this:
Source: IFR

Source: IFR

At a press event to launch the IFR’s World Robotics Industrial Robots statistical review of 2014 (with projections through 2018), the $1,350 report forecasts a 15% CAGR, thereby doubling the annual number of units sold to around 400,000 by 2018.

70% of those sales will be to users in China, Japan, the U.S., South Korea and Germany. China purchased 56% more robots in 2014 than 2013, of which approximately 17,000 were made by Chinese vendors. The IFR is forecasting Asian robot sales units to increase from about 140,000 to 275,000 by 2018, by far the largest and fastest growing marketplace in the world. They are projecting 15% CAGR worldwide, but as the chart shows, much lower growth than that for Asia and China in particular.

Specifically, sales for the global robotics industry in 2014 were $10.7 billion, a 13% increase over 2013. There are now about 1.5 million robots at work globally, an increase of 11% over 2013. Adding supporting services such as integration, accessories, peripherals, software and systems engineering at a 3X multiplier, worldwide 2014 sales are estimated to be $32 billion.

The report suggests that rapid automation in China and global competition of industrial production are the main drivers for the sustained growth forecasts. Further reasons for the increased demand for robots include:

  • the continuing strong auto industry
  • manufacturing of electronics is also cranking out ever-higher volumes
  • energy-efficiency and new materials are replacing older robots
  • the reduction in the length of time manufacturing lines stay up as product varieties increase and life cycles decrease is causing increased retooling and upgrading of automation equipment.
Source: IFR

Source: IFR

 



tags: , ,


Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.





Related posts :



Robot Talk Episode 89 – Simone Schuerle

In the latest episode of the Robot Talk podcast, Claire chatted to Simone Schuerle from ETH Zürich all about microrobots, medicine and science.
14 June 2024, by

Robot Talk Episode 88 – Lord Ara Darzi

In the latest episode of the Robot Talk podcast, Claire chatted to Lord Ara Darzi from Imperial College London all about robotic surgery - past, present and future.
07 June 2024, by

Robot Talk Episode 87 – Isabelle Ormerod

In the latest episode of the Robot Talk podcast, Claire chatted to Isabelle Ormerod from the University of Bristol all about human-centred design and women in robotics.
31 May 2024, by

Robot Talk Episode 86 – Mario Di Castro

In the latest episode of the Robot Talk podcast, Claire chatted to Mario Di Castro from CERN all about robotic inspection and maintenance in hazardous environments.
24 May 2024, by

Congratulations to the #ICRA2024 best paper winners

The winners and finalists in the different categories have been announced.
20 May 2024, by

Robot Talk Episode 85 – Margarita Chli

In the latest episode of the Robot Talk podcast, Claire chatted to Margarita Chli from the University of Cyprus all about vision, navigation, and small aerial drones.
17 May 2024, by





Robohub is supported by:




Would you like to learn how to tell impactful stories about your robot or AI system?


scicomm
training the next generation of science communicators in robotics & AI


©2024 - Association for the Understanding of Artificial Intelligence


 












©2021 - ROBOTS Association