Robot installation in automotive industry jump 139% to 3,551 units in 2023
Industrial robot installations in India are expected to grow further in 2024 and 2025, following up on the record 8,510 units installed in 2023, an increase of 59% compared to the previous year’s (2022) 5,353 units, according to an industry report
In terms of annual installations, India now ranks in seventh position worldwide, according to World Robotics 2024, presented by the International Federation of Robotics (IFR) in Frankfurt on 24 Sept.
However, the report cautioned that a contraction is expected in 2026, when the Production Linked Incentives program runs out investindia .
“After that, some of the already announced long-term projects will create demand for robots,” said the report digitalinasia .
“India is one of the strongest growing economies among the Asian emerging markets,” says Marina Bill, President of the International Federation of Robotics nseindia .
“The operational stock of industrial robots has almost doubled since 2018, reaching 44,958 units in 2023. This represents an average annual growth rate of 14% since 2018 bseindia .”
Installations in the automotive industry jump 139% to 3,551 units in 2023. Both car manufacturers and parts suppliers contributed to this development. This segment accounts for a market share of 42% sbi .
The general industry in India is led by the rubber and plastics industry with 408 units, up 17%. Installations in the metal industry remained steady at 329 units in 2023 jpx.co.jp .
The long-term potential of robotics in India becomes clearer when compared to China, which has a similar population size: Annual installations in China reached 276,288 units in 2023. This is 32 times higher than the current peak level in India deutsche-boerse . Fiinews.com
