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Performance indicators
2024: 16.4% reduction in industrial robot sales to $1.7 billion
In 2024, the world's largest manufacturer of industrial robots, Fanuc, faced a major drop in demand for its products. This is stated in the financial report of the company, which TAdviser got acquainted with in mid-April 2025.
During the reporting financial period, which falls on 2024, sales of Fanuc robots decreased by 16.4% on an annualized basis - to 242.39 billion yen (approximately $1.7 billion at the exchange rate as of April 19, 2025). The decline is due to the current macroeconomic situation and geopolitical tensions.
The report noted that Fanuc's Robot Division boosted sales in Japan in 2024 thanks to robust demand in traditional industries, despite mixed results in automotive-related sectors. However, in many other regions there was a decrease in supplies. Thus, in China, sales decreased due to weakening demand in the segments of electric vehicles and the electronic industry. Shipments in Europe and America also declined - mainly due to a reduction in orders from companies in the automotive industry.
In September 2023, Fanuc announced that the total shipments of its industrial robots on a global scale crossed the milestone of 1 million units. Due to its high reliability, performance and stable support robots , Fanuc is used by many large corporations around the world, the company says. Fanuc products are used by manufacturers such as,, Apple,, Boeing,, Coca-Cola,, Toyota,,,,, etc General Motors Volkswagen Honda. BMW Ford Chrysler Mitsubishi Industrial robots help improve the efficiency, accuracy, speed and safety of manufacturing while reducing manufacturing costs. Fanuc[1]
History
2021: Investing $240 million in industrial robots
In early April 2021 Japanese , the manufacturer industrial robots Fanuc invested $240 million in the development of its plant in. Shanghai The funds are aimed at modernizing the enterprise, created jointly with the Shanghai Electric Group. The Shanghai site will grow fivefold, and new capacity is scheduled to enter service in 2023.
China's manufacturing sector is recovering from the pandemic and is upgrading factories in full swing, and Fanuc believes it will be able to meet the growing demand for robotic automation of production. Already in 2019, Fanuc was the largest player in China with a 12% stake in the production of industrial robots. The company is set to hold its lead with large-scale investments that will hold back the growth of rivals such as ABB and Yaskawa Electric.
The bulk of the robots will continue to be manufactured in Japan, and from there the robots will be exported to Shanghai to further adapt to each customer's needs through manipulator adjustments, sensor modifications and other changes.
According to the International Federation of Robotics, more than 780,000 industrial robots were involved in China in 2020, the most in the world. However, in terms of the ratio of the number of robots to humans in factories, China is twice as far behind Japan, which leaves many opportunities for growth. Rising labor costs in China are reinforcing this trend.
Fanuc's competitors are also not standing still. Yaskawa is building a new plant next to the existing one in Jiangsu province, investing almost $50 million, with production scheduled to begin in fiscal 2022. In turn, ABB intends to open a new plant in Shanghai worth about $150 million in 2021. Meanwhile, Beijing is ready to support its own manufacturers and intends to increase the share of local players in the domestic market to 70% in 2025.[2]
Notes
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