Proof Point
Installed industrial robots worldwide forecasted by IFR to grow nearly twice as fast at 16% annually between 2017 and 2020, compared to 8% increase between 2008 and 2017
Worldwide Operational Stock of Industrial Robots
2008 – 2021F (millions)
Proof Point Findings
- Industrial Robots Operational Stock – Defined as number of industrial robots installed
- Double Speed Growth – Expected to grow twice as fast, from 2.1 million in 2017 to 3.8 million by 2021, annual growth of 15.91%, compared to 8.12% CAGR from 2008 to 2017, as reported by International Federation of Robotics (IFR)
- Asia Lead – Future operational stock growth will come mostly from Asian region, which is expected to grow 20% annually until 2021
- Robot Density – Europe continues to have highest robot density with 106 units per 10,000 manufacturing employees in 2017, followed by America (North and Latin America) with 91 units, and Asia with 75
- South Korea Lead – South Korea continues to lead robot density globally, having eight times more than global average despite decrease in robot supplies in 2017
- Key Growth Drivers – Include modernizing manufacturing facilities, expansion of robots to new industries, need for energy-efficient manufacturing, increases in productivity, improvement in work quality, and flexible work processes
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Accelerator |
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Sector |
Industrial Manufacturing, Information Technology, Transportation and Logistics
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Function |
Operations, Manufacturing and Production, Supply Chain and Logistics
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Source |
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Date Last Updated |
March 4, 2019
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