Analysis Falling deliveries weaken the robotics market 2024

Source: Interact Analysis | Translated by AI 1 min Reading Time

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The problems in the automotive industry, in particular, are causing trouble for the robotics market. However, it is expected to pick up again next year.

Especially in Western industrialized nations, the delivery of robots has decreased.(Image: kinwun - stock.adobe.com)
Especially in Western industrialized nations, the delivery of robots has decreased.
(Image: kinwun - stock.adobe.com)

The industry expert Interact Analysis has released the forecasts for the robotics market in 2024. The current analysis by Interact Analysis predicts a slight decline of 0.2 percent in global shipments of industrial robots for the year 2024, following stagnant development in 2023. According to a blog post, this development is attributed to weaker sales in the automotive industry in the US and Europe, as well as consistently low demand in China.

Ray of hope: Recovery from 2025

Despite these challenges, a gradual recovery is expected for 2025, driven by increasing investments in machinery and a general recovery of the global manufacturing sector. However, high inventory levels and a weak order intake in many industries could dampen the demand for robots in the first half of 2025. From 2026, a growth in industrial robot shipments of over 7 percent is forecasted.

According to industry experts, the collaborative robots (cobots) segment is particularly noteworthy, as deliveries are expected to increase by 15.9 percent despite the global economic downturn in 2024. However, the increasing competition is leading to falling prices, which limits revenue growth in this area to 11 percent.

Regional differences in focus

Regionally, a decline in robot shipments of 6.6 percent is forecasted for the Americas in 2024, primarily due to weak demand from the automotive industry. In contrast, the Asia-Pacific region is expected to see an increase of 2.3 percent, with China contributing a 3.3 percent increase and the rest of the Asia-Pacific region (excluding Japan and South Korea) contributing 4.9 percent to growth. For the Europe, Middle East, and Africa (EMEA) region, a decline in shipments of 9.2 percent in 2024 is predicted.

In the long term, an average annual growth in industrial robot deliveries of 6.1 percent in the Americas, 6.2 percent in Asia-Pacific, and 5.6 percent in the EMEA region is expected for the period from 2024 to 2028, according to the report.

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