The International Federation of Robotics (IFR) reported a 10% increase in operational industrial robots, reaching 4,281,585 units globally, with annual installations surpassing half a million for the third year in a row. Asia accounted for 70% of new installations, while China emerged as the largest market, installing 276,288 robots, representing 51% of global installations. The share of Chinese manufacturers in the local market rose to 47%. Demand for robots is projected to grow in late 2024, with Chinese manufacturing expected to see 5-10% annual growth through 2027.

Source: https://www.logisticsmgmt.com/article/robotic_usage_grows_by_10_reports_international_federation_of_robotics/