The worldwide industrial robotic market has declined for the reason that COVID-19 pandemic, Work together Evaluation reported. Supply: Work together Evaluation
The 2023 stoop within the international industrial robotic {industry} continued via 2024, with gross sales income declining 5.8% 12 months over 12 months, based on Work together Evaluation. The market analysis agency attributed this decline to sluggish demand attributable to a dip in manufacturing exercise over the 12 months, coupled with a lower in common costs.
“In 2024, the economic robotic market continued its decline from the 2023 stoop,” said Samantha Mou, a analysis analyst at Work together Evaluation.
The worldwide cargo quantity of commercial robots in 2024 totaled simply over 505,000 models, reflecting a 2.4% lower in contrast with 2023. This discount in shipments was coupled with a lower in common costs, she mentioned.
The manufacturing {industry} confronted a difficult 12 months in 2024, as excessive rates of interest in Western markets and subdued demand in Asia slowed funding in manufacturing throughout all main areas, famous Work together Evaluation. As well as, fierce competitors throughout the industrial robotic market squeezed margins for robotic producers, and lots of rising manufacturers sacrificed profitability for market share, it mentioned.
With rising manufacturing volumes and intensifying competitors, the typical income per unit (ARPU) of commercial robots declined considerably – from round $31,100 in 2018 to $25,600 in 2024. Whereas there was a short lived worth surge in 2022 amid the worldwide provide chain disaster, costs resumed their downward pattern in 2023 as demand cooled and competitors elevated, mentioned Work together Evaluation.
In 2024, ARPU fell extra sharply than in earlier years, dropping by 3.6% because of easing inflation and rising competitors. Work together Evaluation final week once more decreased its forecast for cell robotic shipments.
Industrial robotic income has fallen previously three years. Supply: Work together Evaluation
Industrial robotic demand different throughout areas, industries
Whereas the general industrial robotic market declined in 2024, efficiency throughout main areas different, Work together Evaluation defined. With a better focus of distributors and huge order volumes resulting in robotic costs decrease than different main areas, the Asia-Pacific (APAC) area dominated the worldwide market regardless of a drop of 1.1% in shipments.
The analysis agency predicted that the APAC area will proceed to develop steadily over time as demand for robots will increase, whereas the Americas area declined 3.7% however might preserve its market place, buoyed by U.S. reshoring initiatives and the rising potential of Latin America.
Work together Evaluation’ long-term view for Europe, the Center East, and Africa (EMEA) was not as optimistic, with the economic robotic market declining by 8.1% and projected to develop at a slower compound annual progress fee (CAGR) as compared with the opposite two areas over the subsequent 5 years. However, EMEA will proceed to be the second-largest marketplace for industrial robots, it mentioned.
When it comes to industry-specific efficiency, the automotive {industry} struggled in 2024 and demand for industrial robots additionally decreased generally manufacturing resembling electronics, metals, and plastics and rubber. Nonetheless, Work together Evaluation discovered that industrial robotic demand in consumer-related industries, together with meals and beverage and life sciences industries, confirmed extra resilience.
APAC stays the most important marketplace for industrial robots by far. Supply: Work together Evaluation
Work together Evaluation sees indicators of a rebound
There are indicators that macroeconomies might slowly emerge from recession, which is able to end result within the industrial robotic {industry} step by step recovering this 12 months and subsequent, mentioned Work together Evaluation. Nonetheless, Europe might proceed to lag over the approaching years, following a market contraction of 8.1% in 2024.
“We anticipate a gradual restoration of the robotics market throughout all three main areas in 2025, with stronger progress anticipated in 2026,” mentioned Mou. “Within the Americas and Asia, market sentiment is exhibiting indicators of enchancment, and there are encouraging indications that the macroeconomy might slowly emerge from the recession.”
In accordance with the Japan Robotic Affiliation (JARA), orders for manipulators and robots rose 32.2% in Q1 2025, with export cargo worth rising by 22.8%. Japanese robotic distributors, which accounted for 47% of worldwide robotic income in 2024, are sometimes seen as dependable indicators of broader market well being, mentioned Work together Evaluation.
On this context, international shipments of commercial robots are projected to develop by 5% in 2025. Nonetheless, because of continued downward stress on common costs, income progress is anticipated to be extra modest, at simply 2.6%.
For the reason that second half of 2024, month-to-month indicators for the economic sector in each the U.S. and China have proven indicators of restoration, reported Work together Evaluation. Though tariff uncertainties pose dangers to equipment orders within the second half of 2025, present demand tendencies in main areas recommend they won’t result in a market-wide contraction, the agency forecast.
“Nonetheless, in Europe, restoration indicators stay weak, and our progress forecast for the EMEA area stays the bottom,” she acknowledged. ” Regardless of this, we count on the broader manufacturing sector in Europe to learn from the worldwide financial cycle.”
China, the U.S., and Germany present early indicators of a robotics rebound, says Work together Evaluation.
In regards to the industrial robotic report
Work together Evaluation mentioned its newest report contains market measurement and forecast knowledge for industrial robots with detailed segmentations in each income and cargo phrases, five-year forecasts to 2029, and key pattern and market driver dialogue and evaluation offered by robotic sort, payload, {industry} and software.
With over 200 years of mixed expertise amongst its staff, Work together Evaluation gives market intelligence for international provide chain automation. The corporate, which has workplaces within the U.Ok., the U.S., and China, mentioned its analysis covers all the automation worth chain – from the know-how used to automate manufacturing facility manufacturing, via stock storage and distribution channels, to the transportation of the completed items.
“The world’s main firms belief us to floor strong insights and alternatives for technology-driven progress,” mentioned the agency.
