Figure 4: Sales and Growth Rates of Industrial Robots in the Top 15 Countries/Regions by 2022 (Unit: Thousand Units)

China is the world's largest robot market. In 2022, the sales volume of industrial robots in China was 290258 units, an increase of 5% compared to 2021. In recent years, the sales of industrial robots in China have maintained a rapid growth trend, with a compound annual growth rate of about 13% from 2017 to 2022 (Figure 5). In 2022, China's industrial robot sales accounted for approximately 52.5% of the global market share, while just ten years ago in 2012, China's industrial robot sales accounted for only 14% of the global market share. In order to serve the dynamic market of China, domestic and foreign robot suppliers have established production factories in China and continuously increased their production capacity.

Figure 5 Annual Sales of Industrial Robots in China from 2012 to 2022 (Unit: Thousand Units)

Japan is a major robot manufacturing country in the world, accounting for approximately 46% of global robot production. In 2022, the sales of industrial robots in Japan increased by 9% to 50413 units, surpassing the pre pandemic level of 49908 units in 2019, but still not reaching the peak level of 55240 units in 2018. The size of Japan's industrial robot market is second only to China, ranking second in the world. The compound annual growth rate of industrial robot sales in Japan from 2017 to 2022 is 2%.

<p font-size:16px; "="" style="box-sizing: border-box;  margin-top: 0px;  margin-bottom: 0px;  padding: 0px;  color: rgb(34, 34, 34);  font-family: "Microsoft Yahei", verdana;  font-size: 14px;  white-space: normal;  background-color: rgb(255, 255, 255);  text-align: center; The United States is the largest regional market in the Americas, accounting for approximately 73% of the total industrial robot sales in the Americas in 2022. In 2022, the sales of industrial robots in the United States increased by 10% compared to 2021, reaching 39576 units, slightly lower than the peak level of 40373 units in 2018. The main growth driver is the automotive industry, which saw a 47% surge in robot sales to 14472 units in 2022, with the automotive industry's market share rebounding to 37%, followed by the metal and machinery industry (3900 units) and the electrical/electronics industry (3732 units).