Danish collaborative robot (cobot) company Universal Robots has reported Q2 revenue of US$83 million, with strong growth in global welding demand billed as being key to its success in the first half of the year.
The company has also increased its revenue from Original Equipment Manufacturer (OEM) channels.
“In headline terms, second quarter revenue is up to eight per cent on the same period last year, but in local Danish currency, the company has seen growth of 22 per cent for Q2. Measured this way, Universal Robots has seen growth of 30 per cent across the first two quarters of 2022, compared to the first half of 2021,” said Kim Povlsen, president of Universal Robots.
“Our cobots are providing the foundation for some really exciting new products. We see the development of new OEM partnerships within our thriving ecosystem as a great opportunity for both innovation and growth in the future.”
Currently, more than 80 OEMs are creating solutions with UR cobots, encompassing a wide range of applications – from welding and palletising, to construction tasks.
The increasing demand for collaborative technology is also reflected in the success of Universal Robots’ OEM partners, with one company in particular, 3D Infotech, which uses UR cobots to create metrology solutions.
The company has credited its use of Universal Robots technology and position in the UR+ ecosystem with “phenomenal revenue growth of over 200 per cent in 2021”.