• Global industrial robots - companies by revenue

In the fiscal year of 2020, Mitsubishi generated almost 10 billion euros from its Industrial Automation Systems segment. Mitsubishi's revenue was more than twice as large as its closest competitor’s revenue. ABB Robotics generated some five billion euros from its Industrial Automation segment.

Industrial robotics market

Although industrial robots have made inroads into a growing number of industries such as the food and beverages industry, the highly automated electrical/electronics industry became the largest area of application for electro-mechanical machines in 2020, followed by the automotive industry. The robotics industry’s growth trend is largely driven by rising wage levels that force manufacturers worldwide to replace human labor with machines. Asia and Europe are home to the key players in the market, including ABB, KUKA, Fanuc, and the Yaskawa Electric Corporation. With relevant sales of around 1.1 billion euros, Japan-based Yaskawa was ranked among the largest manufacturers of industrial robots in 2020. The company’s heavy duty industrial robots can be used for welding, assembly, coating, materials handling, materials cutting, materials removal, and spot welding.

Automation industry

The robotics industry is a subsector of the automation industry. Similar to the market for industrial robotics, the factory automation market is forecast to grow in the following years, reaching a size of some 230 billion U.S. dollars in 2025. This industry is comprised of a variety of products and services, including relays, switches, sensors and drives, machine vision and control systems, as well as industry software development and services. Conglomerates like Siemens, Mitsubishi Electric or General Electric are the major vendors of industrial automation and industry software.

Leading companies in the global industrial robot market in 2020, based on revenue (in million euros)

Characteristic	Revenue in million euros
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Release date

2021

More information

Region

Worldwide

Survey time period

2020

Supplementary notes

* Mitsubishi Electric: Net sales in FY 2020/2021 (ended March 31, 2021) in "Industrial Automation Systems" segment. The revenue figure has been converted from Japanese yen to euros (1 JPY= 0,00773 EUR, as of March 31, 2021).
ABB: Revenue in the "Industrial Automation" segment. The figure has been converted from U.S. dollars to euros (1 USD = 0,85301 EUR, as of March 31, 2021).
Kawasaki Heavy Industries: Net sales in FY 2020/2021 (ended March 31, 2021) in the "Precision Machinery & Robot" segment. The figure has been converted from Japanese yen to euros (1 JPY= 0,00773 EUR, as of March 31, 2021).
Fanuc: Net sales in FY 2020/2021 (ended March 31, 2021) in the "ROBOT" segment. The figure has been converted from Japanese yen to euros (1 JPY= 0,00773 EUR, as of March 31, 2021).
Yaskawa: Net sales in FY 2020/2021 (ended February 2021) in the "Robotics" segment. The figure has been converted from Japanese yen to euros (1 JPY= 0,00773 EUR, as of March 31, 2021).
KUKA Robotics: Sales revenue in the "Robotics" segment in FY 2020 (ended December 31, 2020).
Dürr: Revenue in the "Application Technology" segment in FY 2020 (ended December 31, 2020).

The values have been rounded.