Robotic usage grows by 10%, reports International Federation of Robotics

By LM Staff    October 23, 2024         

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The new World Robotics report from the International Federation of Robotics (IFR) recorded 4,281,585 units operating in factories worldwide - an increase of 10%. Annual installations exceeded half a million units for the third consecutive year. By region, 70% of all newly deployed robots 2023 were installed in Asia, 17% in Europe and 10% in the Americas.

“The new World Robotics statistics show an all-time high in the number of industrial robots automating production around the world,” says Marina Bill, IFR President. “The annual installation figure of 541,302 units in 2023 is the second highest in history. It is only 2% lower than the record of 552,946 units installed in 2022.”

China is by far the world´s largest market, IFR concluded. The 276,288 industrial robots installed in 2023 represent 51% of the global installations. This result is the second-highest level ever recorded (2022: 290,144 units). The share of Chinese manufacturers in the domestic market has grown considerably since 2022, reaching 47% in 2023. It has fluctuated around 28% over the past decade. The operational stock was just shy of the 1.8-million-unit mark in 2023, making China the first and only country in the world with such a large robot stock. Demand for robots is expected to accelerate in the second half of 2024, contributing to a more stable market by the end of the year. In the longer term, there is still a lot of growth potential in Chinese manufacturing, with the potential for 5-10% average annual growth until 2027.

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