Global industrial robot market contracted 5.8% last year, reports Interact Analysis - The Robot Report

Global industrial robots market contracts 5.8% in 2024, as APAC continues to dominate - Automation Magazine

Global industrial robot market contracted by 5.8% in 2024 APAC region continue to dominate the market Gradual recovery expected in 2025  A significant slump in the global industrial robots industry in 2023 continued throughout 2024, with revenue declining 5.8% year-on-year, according to Interact Analysis. The latest report from the market intelligence specialist suggests this was due to sluggish demand caused by a dip in manufacturing activity o…

Global industrial robot market contracted 5.8% last year, reports Interact Analysis - The Robot Report

The global industrial robot market has declined since the COVID-19 pandemic, Interact Analysis reported. Source: Interact Analysis The 2023 slump in the global industrial robot industry continued through 2024, with sales revenue declining 5.8% year over year, according to Interact Analysis. The market research firm attributed this decline to slow demand caused by a dip in manufacturing activity over the year, coupled with a decrease in average p…