Categories: Wire Stories

India’s Robot Boom Hits All-Time High – IFR Reports

  • India enters world´s top ten in annual robot installations

FRANKFURT, Germany–(BUSINESS WIRE)–#IEEESales of industrial robots in India reached a new record of 4,945 units installed. This is an increase of 54 percent compared to the previous year (2020: 3,215 units). In terms of annual installations, India now ranks in tenth position worldwide. These are findings of the report World Robotics, presented by the International Federation of Robotics (IFR).

“India is one of the world’s fastest-growing industrial economies,” says Marina Bill, President of the International Federation of Robotics. “Within five years, the operational stock of industrial robots has more than doubled, to reach 33,220 units in 2021. This corresponds to an average annual growth rate of 16% since 2016.”

Today, India is the world’s fifth largest economy measured by manufacturing output. According to World Bank data, India´s manufacturing value added in 2021 was USD 443.9 billion, a 21.61% increase from 2020.

The automotive industry remains the largest customer for the robotics industry in India with a share of 31% in 2021. Installations more than doubled to 1,547 units (+108%). The general industry in India is led by the metal industry with 308 units (-9%), the rubber and plastics industry with 246 units (+27%) and the electrical/electronics industry with 215 units (+98%).

Impressive potential for India

The long-term potential of robotics in India becomes clearer when compared to China: India’s robot density in the automotive industry, which is the number of industrial robots per 10,000 employees, reached 148 robots in 2021. China´s robot density hit 131 units in 2010 and skyrocketed to 772 units in 2021.

The Indian government supports growth in the industrial sector: Today, the country’s GDP of about USD 3 trillion ranks in fifth place, head-to-head with the UK and France – behind Germany, Japan, China and the USA – the International Monetary Fund reports.

Outlook India

“As a result of the recent supply chain disruption, companies are rethinking their nearshoring strategies in Southeast Asia,” says Marina Bill. “India has traditionally been a popular destination for nearshoring in the manufacturing segment. The Indian government wants the country to be considered for new diversification options such as friendshoring, which is partnering with countries that share similar values and interests.”

FULL TEXT press release at: https://ifr.org/ifr-press-releases/

About IFR

www.ifr.org

Contacts

Press
Carsten Heer

phone +49 (0) 40 822 44 284

E-Mail: press@ifr.org

Alex

Recent Posts

Assure Medical Imaging Commemorates Grand Opening Ceremony

Providing High-end Imaging Services: Establishing a New Benchmark for Personalized Medical Imaging Services HONG KONG…

3 hours ago

VinFast officially delivers VF 5 electric cars in Indonesia

JAKARTA, INDONESIA - Media OutReach Newswire - 22 November 2024 - VinFast Auto has officially…

21 hours ago

AlphaX Makes Crypto Easier with Email Login and USDT Memecoins

SYDNEY, AUSTRALIA - Media OutReach Newswire - 22 November 2024 - The global cryptocurrency market…

21 hours ago

Vincom Retail: A Catalyst Driving Vietnam’s Retail Future

HANOI, VIETNAM – Media OutReach Newswire - 22 November 2024 - By capitalizing on its…

1 day ago

How 5G Transforms Life: A Foreigner’s Journey Through East China’s Digital Revolution

HANGZHOU, CHINA - Media OutReach Newswire - 22 November 2024 - As the 2024 World…

1 day ago

Explore Life for A Shared Future: 2024 Beijing Changping Forum on Life Science was successfully held

BEIJING, CHINA - Media OutReach Newswire - 22 November 2024 - The 2024 Beijing Changping…

1 day ago