ABB vs FANUC vs Yaskawa – The Winner Is?

The more mature a theme becomes, the more likely it is that one or more leaders will emerge. Our recent article on A List of 14 Promising Robotics Companies uncovered three names – FANUC (6954.T), ABB (ABB), and Yaskawa (6506.T) – that are considered to be the top producers of industrial robotics solutions. Today, we’re going to vet these three firms to see which might find a home in our own tech stock portfolio. Before peeking under the kimono, it’s important to recall why we’re looking to swap out Teradyne (TER). It’s because we’re not getting sufficient pure-play exposure to robotics. Consequently, this article will largely be focused on examining the “purity” of industrial robotics exposure on offer from these three firms. All numbers going forward are in USD unless specified otherwise.

China accounts for more than half of all new robotics installations and we expect the global robotics market to grow from around $80 billion today to $130 billion in 2025.

ABB 2022 Annual Report

The Big Three

Leaders typically emerge as large firms that sell lots of stuff. Below you can see how these