Robotics and automation

Günter Herkommer,

VDMA raises growth forecast

The VDMA has raised its 2017 growth forecast for the German robotics and automation industry from 7% to 11%. This means that the sector's turnover is expected to break the record of 14 billion euros for the first time this year.

Robotics + Automation forms a separate trade association within the VDMA with more than 270 members.

© VDMA

"Both incoming orders and sales development in the current year have significantly exceeded our expectations," says Dr. Norbert Stein, Chairman of the Executive Board of VDMA Robotics + Automation. The machine vision industry is leading the way: according to the new forecast, it will achieve an increase in turnover of 18% instead of the 10% initially expected. This corresponds to an industry turnover of 2.6 billion euros.

German robotics is also much more dynamic than expected: the original growth forecast of 8% is now 15%. Industry turnover is thus estimated at 4.2 billion euros. This result confirms the global robotics boom as shown by the statistics of the International Federation of Robotics (IFR). According to these statistics, global installations of industrial robots rose by 16% to 294,000 units in 2016. For the current year, the IFR expects the number of units to grow by 18% to 346,000. Germany is the fifth largest robot market in the world and by far the largest in Europe.

Integrated assembly solutions, i.e. assembly and handling technology, remains the largest sub-sector of the German robotics and automation industry. For 2017, the VDMA is forecasting sales growth of 6% to a new record of 7.4 billion euros.

Advertisement
  • Xing Icon
  • LinkedIn Icon
Advertisement
Advertisement

You might also be interested in

Advertisement

IFR / ZEW study

"Robots create jobs"

The rapid expansion of industrial robots is leading to a positive job balance in companies: In addition to tasks that are now performed by machines, new activities have been created for employees. This is the conclusion of a ZEW study.

read more...
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Subscribe to our newsletter
Advertisement
Back to home