FRANFURT, Germany—Manufacturers in a variety of industries around the world continue to invest heavily in robotic technology. According to the International Federation of Robotics (IFR), 553,052 industrial robots were installed in factories last year, a 5 percent increase over 2021. The majority (73 percent) of those installations were in Asia, followed by Europe (15 percent) and the Americas (10 percent).
“The world record of 500,000 units was exceeded for the second year in succession,” says Marina Bill, president of IFR. “In 2023, the industrial robot market is expected to grow by 7 percent to more than 590,000 units worldwide.”