Feedback from CIROS: China - The biggest and most dynamic market worldwide
Feedback from CIROS : China - The biggest and most dynamic market worldwide
Everyone involved in the robotics industry knows by now that China has become the largest application market for industrial robots in the world since 2013. In 2015, 248K units were sold worldwide (+12% from 2014) and 67Kunits in China alone (more than 25% of the total worldwide supply and a growth rate of +17% compared to 2014).
The key drivers are rising labor costs and a shortage of workers with an aging population. But it is also the China 2025 vision of the necessary transformation of the Chinese nation. China is in the process of transforming from a labor-intensive manufacturing hub into a manufacturing power with high-tech and innovations, and developing the robotics sector is seen as an important part of this.