Global Industrial Robot Market 2024

Industrial Robot Market Size

The global industrial robot market surged to $X in 2021, jumping by 17% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +86.6% against 2013 indices. Global consumption peaked in 2021 and is expected to retain growth in the immediate term.

Industrial Robot Production

In value terms, industrial robot production expanded remarkably to $X in 2021 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +79.2% against 2015 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 18%. Over the period under review, global production attained the peak level in 2021 and is likely to continue growth in the near future.

Industrial Robot Exports

Exports

In 2021, shipments abroad of industrial robots for multiple uses increased by 25% to X units for the first time since 2017, thus ending a three-year declining trend. In general, total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 28% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the global exports failed to regain momentum.

In value terms, industrial robot exports soared to $X in 2021. Overall, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 33%. The global exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Japan represented the largest exporting country with an export of about X units, which recorded 32% of total exports. It was distantly followed by Germany (X units), China (X units) and Italy (X units), together making up a 28% share of total exports. Sweden (X units), Vietnam (X units), France (X units), South Korea (X units), the United States (X units), Austria (X units), Singapore (X units), Spain (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

Exports from Japan increased at an average annual rate of +3.6% from 2012 to 2021. At the same time, Vietnam (+45.3%), Singapore (+17.4%), China (+13.6%), France (+7.9%), Spain (+5.5%), Italy (+5.0%), Austria (+3.2%), Sweden (+3.1%), the United States (+2.8%), Taiwan (Chinese) (+2.0%) and Germany (+1.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +45.3% from 2012-2021. South Korea experienced a relatively flat trend pattern. While the share of Vietnam (+3.5 p.p.) and China (+3.5 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Japan (-3.2 p.p.) and Germany (-5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest industrial robot supplier worldwide, comprising 34% of global exports. The second position in the ranking was taken by Germany ($X), with a 10% share of global exports. It was followed by Italy, with a 5.6% share.

In Japan, industrial robot exports expanded at an average annual rate of +5.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+1.0% per year) and Italy (+9.0% per year).

Export Prices by Country

In 2021, the average industrial robot export price amounted to $X per unit, increasing by 3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 6%. The global export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.0%), while the other global leaders experienced more modest paces of growth.

Industrial Robot Imports

Imports

In 2021, global imports of industrial robots for multiple uses skyrocketed to X units, with an increase of 30% against the previous year. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, industrial robot imports skyrocketed to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 31% against the previous year. Global imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) was the key importer of industrial robots for multiple uses, comprising 30% of total imports. The United States (X units) held the second position in the ranking, followed by Germany (X units). All these countries together held approx. 19% share of total imports. South Korea (X units), Italy (X units), Morocco (X units), Spain (X units), France (X units), Turkey (X units), Thailand (X units), Poland (X units), Indonesia (X units) and the Czech Republic (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to industrial robot imports into China stood at +13.4%. At the same time, the United States (+20.0%), Poland (+17.8%), Spain (+9.6%), Thailand (+8.5%), South Korea (+7.8%), Morocco (+6.8%), Italy (+6.5%), Indonesia (+5.6%), France (+4.6%), the Czech Republic (+3.9%) and Turkey (+2.8%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in the world, with a CAGR of +20.0% from 2012-2021. Germany experienced a relatively flat trend pattern. China (+13 p.p.) and the United States (+8.4 p.p.) significantly strengthened its position in terms of the global imports, while Germany saw its share reduced by -5.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported industrial robots for multiple uses worldwide, comprising 26% of global imports. The second position in the ranking was taken by the United States ($X), with an 8.5% share of global imports. It was followed by Germany, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +7.3%. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+10.6% per year) and Germany (+1.0% per year).

Import Prices by Country

In 2021, the average industrial robot import price amounted to $X per unit, dropping by -1.7% against the previous year. Over the period under review, the import price showed a mild reduction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 5.7% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Morocco ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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