Description
The global industrial robot sales revenue is published by the International Federation of Robotics (IFR). This indicator measures the total sales value of industrial robots worldwide, providing insights into the growth and demand within the robotics industry. It is often used to observe technological advancements and automation trends across various sectors. Higher sales revenue indicates a robust demand and growth in the robotics industry, whereas lower sales figures may suggest a slowdown.
Broadly speaking, industrial robots are automated, programmable machines capable of performing various tasks in industrial automation production, either through stationary or mobile setups.
The sales revenue is calculated by aggregating the total sales value of industrial robots across different regions and industries, including new installations, upgrades, and replacements.
This data is updated annually, with reports typically published in the first quarter of the following year.