From Laggard to Global Lead Market in One Decade
China has become the most important sales market for industrial robots in the world since 2013. In 2023, the country was responsible for over 50 percent of global sales of industrial robots. And the future perspectives look promising: The Chinese government wants to make the country an industrial powerhouse, and robots are a part of this.
During recent years, China has increased its number of robotics experts. The country‘s large industrial base provides plenty of sales potential. In fields such as battery making or photovoltaics, China is so advanced that production knowhow from there is now transferred to other countries. Subsidies, competition and a capable local supply chain are bringing down prices. This phenomenon and fast development cycles will pave the way for new robotics applications. Also, Chinese robotics companies are increasingly eyeing the US and the EU, hoping to charge higher prices there than in their hyper-competitive home market.
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