Forecasting the sales of industrial robots

The sales of industrial robots in Japan have been growing steadily in recent years. This growth is being driven by a number of factors, including the increasing automation of manufacturing processes, the growing demand for robots in the automotive industry, and the increasing adoption of robots in other industries, such as electronics and food and beverage.

< 1 mins

Time taken to
identify most
relevant indicators

27+

Relevant
leading
indicators

80%

MAPE
forecast
accuracy

*Indicio captures the group effect of the leading indicators, the relevance ranking of each indicator changes over time.
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Here are the leading indicators identified using Indicio:

Main variable:
Industrial Robots Japan - Sales
Indicator name Influence
Trend: Industrial Robots Japan - Sales value ⭐⭐⭐⭐
PMI MANUFACTURING CHINA - NEW ORDER INDEX ⭐⭐⭐
USA - CAPITAL EXPENDITURES MADE- VEHICLES ⭐⭐
United States, Business Surveys, Philadelphia Federal, Future Capital Expenditures, SA, Index
PPI - NONFERROUS METALS
NFIB SURVEY: % PLANNING CAPITAL EXPENDITURES IN 3 TO 6 MONTHS
Japan, Export Prices, Yen Basis, Sensor Devices, Index, 2020 = 100
ORDERS BACKLOG VALUE - INDUSTRIAL ROBOT
China container exports
RATIO OF MANUFACTURERS INVTRY TO SHIPMENTS, MACHINERY
Total exports - Japan
ISM MANUFACTURERS SURVEY: CAPITAL EXPENDITURES, 1 YEAR+
Industrial production Japan - Manufacturing index
United States, Production, Aggregates, Construction Supplies Index
INV IN FIXED ASSETS: MFG. - METAL PRODUCTS (CMLV)(%YOY)
Google trends: Caterpillar Inc
New Privately-Owned Housing Units Authorized in Permit-Issuing Places: Total Units
Producer Price Index by Industry: Construction Machinery Manufacturing
Google trends: KOBELCO Construction Machinery Co.Ltd.
Manufacturers' New Orders: Construction Materials and Supplies

Top indicators identified

Trend: Industrial Robots Japan - Sales value

This variable represents the historical trend or pattern of sales values for industrial robots in the Japanese market over a specific period of time.

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PMI Manufacturing China - New Order Index

This index represents the Purchasing Managers' Index (PMI) for manufacturing in China specifically focused on the New Order component.

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USA - Capital expenditures made - vehicles

Economic conditions in the U.S. can influence demand for industrial robots because these robots are often used in the automotive manufacturing sector.

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Skanska
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