The global industrial robot market is expected to grow steadily by 5-7%

Global economic volatility and supply chain disruptions have had a dramatic impact on the industrial robotics market, resulting in project delays and reduced spending on automation projects. Nevertheless, the long-term forecast remains stable, with electric vehicle (EV) manufacturing and new energy-related applications driving global demand for industrial robots, with the industry expected to grow by 5-7% by 2027.

Interact Analysis recently released its latest forecast for the industrial robotics market, and they are the most significant revisions compared to the 2022 version of the report. Market intelligence experts predict that from 2023 onwards, investment confidence will continue to be depressed in the short term, causing end users to postpone large-scale capital investments in industrial robotics projects. In the longer term, demand from service sectors such as new electric vehicle production lines and internal logistics will further drive the market, resulting in an average growth rate of 5-7%, much higher than pre-COVID-19 levels.

Interactive Analytics recently released its latest forecast for the industrial robotics market, which is the most significant revision compared to the 2022 version of the report. Market intelligence experts expect that from 2023 onwards, investment confidence will remain low in the short term, causing end users to postpone large-scale capital investments in industrial robotics projects. In the long run, demand from service industries such as new electric vehicle production lines and internal logistics will further drive the market, leading to an average growth rate of 5-7%, much higher than pre-pandemic levels.

After experiencing a slowdown in 2020 affected by the pandemic, the industrial robot market achieved substantial growth in 2021, growing 34.9% year-on-year. The market cooled slightly in 2022, but is still expanding, with shipments up 11.9% and revenue up 14.9%. The pandemic has driven demand for the robotics industry as companies look to automation as a way to ease labor shortages. Many companies are now investing in industrial automation to increase workforce stability in the event of a future crisis.

Following a slowdown in 2020 due to the impact of the pandemic, the industrial robot market grew significantly in 2021, growing 34.9% year on year. Jan 1, 2022, Jan 1, Jan 22, Jan 22, Jan 22, Jan 22, Jan 22, Jan 22, Jan 22, Jan 22, Jan 22. The pandemic has helped drive demand for the robotics industry as companies turn to automation as a way to ease labor shortages. Many companies are now investing in industrial automation to increase workforce stability in the event of a future crisis.

In 2022, China accounted for 39.1% revenue share and 55.4% shipment share of the global industrial robot market. Interactive Analytics predicts that the Chinese market will account for more than 60 percent of industrial robot shipments from 2024. The EMEA industrial robot market is the second largest market in the world, accounting for 14.8% of total shipments in 2022. The Russia-Ukraine conflict remains a significant threat to eurozone growth prospects, not only because of higher energy prices, but also because it weighs on business confidence, which could affect employment and investment decisions. It is estimated that by 2022, the US industrial robot market will be worth $2.8 billion, accounting for 19.8% of global revenue, with 55,268 units shipped.

On January 1, 2022, Interactive analysis predicts that the Chinese market will account for more than 60% of industrial robot shipments from 2024. ★★★★★★★★★★★★★★★★★ ★★★★ The conflict between Russia and Ukraine remains a big threat to the eurozone’s growth prospects, not only because of higher energy prices, but also because it hits business confidence, which can affect employment and investment decisions. The US industrial robot market is estimated to be worth $2.8 billion in 2022, accounting for 19.8% of global revenue, with 55,268 units shipped.

Maya Shaw, research manager at Interactive Analytics, commented: “Interestingly, the average selling price of industrial robots in 2022 increased for the first time in the last 10 years due to raw material costs, component shortages and supply chain disruptions. Nevertheless, we predict that average prices will decline over the next five years.

Maya Xiao, research manager at Interactive Analytics, commented: “Interestingly, the average selling price of industrial robots increased for the first time in nearly a decade in 2022 due to raw material costs, component shortages and supply chain disruptions. Nevertheless, we predict that average prices will decline over the next five years.

“Increased demand for industrial robots in the material handling and welding industries has and will continue to impact average selling prices. As a result, the demand for heavy-duty models is once again increasing, which is changing the payload distribution in the robotics market. Overall, however, we expect prices to decline at an annual rate of 3 per cent over the next five years.”

“Increased demand for industrial robots in the material handling and welding industries has had and will continue to have an impact on average selling prices. As a result, the demand for heavy-duty models is once again increasing, which is changing the payload distribution in the robotics market. Overall, however, we expect prices to fall by 3 per cent a year over the next five years.”