string(25) "robopromedia.com/article/" Next Page

India’s record robot sales

  • By Neil Martin
  • News

Sales of industrial robots in India reached a new record of 3,412 new units installed in 2017, according to the initial findings of the World Robotics Report 2018, published by the International Federation of Robotics (IFR).

The 30% increase compares to the previous year which saw 2,627 units installed.

Between 2012 and 2017 India experienced a compound annual sales growth rate of 1 %.

India’s automotive sector is the main customer with a share of 62% of the total supply 2017. Sales rose here by 27% compared to the previous year.

“The automotive industry will remain the main driver of the increasing robot installations in India,” says Junji Tsuda, President of the International Federation of Robotics. “Numerous new projects are announced by the international and domestic car manufacturers aiming to expand production capacities. Moreover, OEMs increasingly require local supply of automotive parts.”

The report also shows that there are clear signs that the general industry is catching up with the automotive sector. Sales numbers of industrial robots in, for example the rubber and plastics, the metal industry, and the electrical and electronics industries, increased by 46% in 2017.

“The general industry will further invest in production capacities and modernisation to serve this growing consumer market,” said Tsuda. “Therefore, an accelerated and strong robot sales growth is expected between 2018 and 2021.”

India is one of the strongest growing economies among the Asian emerging markets. Since 2009, the number of robot installations has been growing rapidly. In 2017, India ranked number 14 regarding the global annual supply, following Thailand and Spain. Regarding the operational stock, India ranked thirteenth following Canada, Spain and Singapore.

India´s automation potential is illustrated by a rather low robot density figure: 85 industrial robots per 10,000 employees in the automotive industry is less than a fourth of Indonesia´s density (378 units) and far away from China´s (505 units).

Get more stories like these Subscribe Sign in