Universal Robots, the leading collaborative robot company in terms of domestic and international market share, finished the first half of 2022 with strong growth.

Universal Robots announced on the 2nd that it achieved strong results in the second quarter of 2022, posting sales of $83 million (approximately KRW 107.9 billion). This represents an 8% increase year-over-year (22% in Danish krone terms) and a 30% increase compared to the first half of 2021.

“This growth is due to the surge in global welding demand and increased sales through partnerships with OEMs (Original Equipment Manufacturers),” said Kim Povlsen, CEO of Universal Robots. “In fact, Universal Robots’ collaborative robots are being used by more than 80 OEMs in applications such as welding, palletizing, and construction.”

“Our collaborative robots are helping to automate a wide range of industries,” said Kim Povlson. “Partnering with various OEMs in this ever-expanding market presents significant opportunities for Universal Robots’ future innovation and growth.”

One of the key success factors of Universal Robots is its unique platform. Universal Robots is accelerating the development of collaborative robots for a variety of industries by developing a unique platform, similar to a smartphone, to automate previously unautomated processes such as welding and finishing.

With these goals in mind, Universal Robots strengthened and complemented its collaborative robot portfolio in June with the launch of the UR20, a new collaborative robot with a payload capacity of 20 kg. The newly released UR20 is expected to significantly improve work efficiency across a wide range of applications, including palletizing, welding, material handling, stacking, and machine tending.