Robot sales 18% CAGR 2012-17

With an increasing number of new car manufacturing announced in India, the automotive industry will remain the main driver of the increasing number of robot installations.

“The automotive industry will remain the main driver of the increasing number of robot installations in India,” said Junji Tsuda, president of the International Federation of Robotics.

“Numerous new projects have been announced by international and domestic car manufacturers striving to expand production capacities. Moreover, OEMs increasingly require local supply of automotive parts

Sales of industrial robots in India reached a new record of 3,412 new units installed in 2017, 62% of which was deployed by the automotive sector, according to the World Robotics Report 2018.

Based on the year, the 2018 deployment of robots increased by 30% over 2016’ 2,627 units.

Between 2012 and 2017 India saw a compound annual sales growth rate (CAGR) of 18% for robots, according to the report published by the International Federation of Robotics (IFR).

Broken down by industry, India´s automotive sector is the main end user with a share of 62% of the total supply in 2017. Sales rose by 27 on the year.

A clear sign that the general industry is catching up with the automotive sector can be seen by the sales numbers of industrial robots in e.g. the plastics and rubber industry, the metal industry and the electrical and electronics industry, which increased by 46% in 2017.

“The general industry will further invest in production capacities and modernization to serve this growing consumer market,” said Tsuda. “Consequently, further acceleration of the growth in robot sales is expected between 2018 and 2021.”

India´s robot success story started in 2009 but robot density still low.

India is one of the strongest growing economies among emerging Asian markets. Since 2009, the number of robot installations has been growing rapidly.

In 2017, India ranked No.14 in terms of the global annual supply, immediately behind Thailand and Spain. As far as the operational stock is concerned, India ranked thirteenth after Canada, Spain and Singapore.

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