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

The global industrial robot market continued its decline in 2024, with sales revenue falling 5.8% year-over-year, according to Interact Analysis. This downturn follows a slump that began during the COVID-19 pandemic and is attributed to reduced manufacturing activity, high interest rates in Western markets, and subdued demand in Asia. Shipments decreased by 2.4% to just over 505,000 units, while average robot prices dropped significantly, with the average revenue per unit (ARPU) falling from about $31,100 in 2018 to $25,600 in 2024. Intense competition and rising production volumes pressured margins, leading many emerging brands to prioritize market share over profitability. Regionally, the Asia-Pacific (APAC) market remained dominant despite a slight 1.1% shipment decline, benefiting from lower prices and large order volumes. The Americas saw a 3.7% decrease but may sustain its position due to U.S. reshoring efforts and