The market for multiple uses industrial robots in Portugal has exhibited significant volatility over the past years. Production surged dramatically from 63 units in 2015 to 272 units in 2017. A remarkable peak occurred in 2021 with 1,300 units, but dropped to 869 units in 2022. As of 2023, production stood at 1,030 units, marking a year-on-year increase of 18.3%. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 was 20.6%.
Looking ahead, the production is forecasted to grow steadily, reaching 1,800 units by 2028, indicating a five-year forecasted CAGR of 8.66%, with a forecasted growth rate of 51.48% over this period.
Future trends to watch for:
- Technological advancements driving demand for multi-use robots.
- Policy impacts and government incentives for industrial automation.
- Supply chain dynamics and global market conditions affecting production capabilities and costs.
- The increasing importance of Industry 4.0, enabling smart manufacturing and enhanced productivity.
