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Annual Investments in Robots Rose to World Record $16.5 Billion

20 Sep 2019
Annual Investments in Robots Rose to World Record $16.5 Billion
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Robot deliveries are forecasted to leap 39% from 2018 to 2022 from a record total annual sales level of $16.5 billion last year, as reported by the World Robotics report.
 
More than a third of global installations were in China and the top five countries hold 74% of the market. Japan, Korea, U.S and Germany round out this group. China’s investment in robots climbed to $5.4 billion last year.
 
“We saw a dynamic performance in 2018 with a new sales record, even as the main customers for robots – the automotive and electrical-electronics industry – had a difficult year,” says Junji Tsuda, President of the International Federation of Robotics. “The U.S.-China trade conflict imposes uncertainty to the global economy – customers tend to postpone investments.”
 
Around 420,000 robots were installed last year and that figure is believed to soar to 584,000 by 2022. In 2013, the number of robots in place was 178,000.
 
In terms of robot density, or number of robots per 10,000 manufacturing employees, Singapore and Korea hold a significant lead in highly automated industrial production.
 

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