The market size of global industrial robots will reach $111.0 billion in 2020. China has been the world's largest consumer market for industrial robots since 2013 and has remained so far. Among industrial robot manufacturers, Japan has occupied half of the global market. It is reported that Japan will also expand its robot production, first to supply China's demand and second to promote Japan's economic recovery.
In 2016, Japan's robot production capacity has reached the highest record of 153,000 units. As the world's leading industrial robot manufacturer, Japanese industrial robot manufacturers account for 52% of global supply. This is the result of the International Robotics Federation (IFR) announced at the Japan International Robot Exhibition (IREX) held in Tokyo from November 29th to December 2nd, 2017.
Japan is a highly automated country that even uses robots to assemble robots. According to Joe Gemma, president of the International Robotics Federation, the sales of robots in Japan in 2016 were 39,000, an increase of 10% over the previous year, the highest level in the past decade.
Last year, Japan exported about 115,000 industrial robots, with a total value of 309 billion yen (about 2.7 billion US dollars). This is the highest export year to date. The projected export rate has increased from 72% to 75%. The northern United States, China, South Korea and Europe are major export destinations. Since the financial crisis in 2009, the Japanese domestic market has a strong resilience, with local sales reaching 39,000 units, the highest level since 2006.
Japanese auto companies are increasingly expanding their production facilities, especially in the US, Mexico, China and other Asian countries. Automakers have purchased more than 48% of industrial robots and are the largest target market for industrial robots in Japan.
Industrial robots in the electrical/electronic sector grew strongly in 2015 and then fell by 7% in 2016. Despite this, the industry is first investing in robots, and the demand for chips, displays, sensors, batteries and other technology industries is increasing. IFR expects that domestic industrial robots will grow by about 10% in 2017 and increase by an average of 5 years between 2018 and 2020. Between %, robots are pushing the Japanese economy to continue to recover.
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