Automotive Market to Dominate China s Robotics Market in Near Future
China has been one of the successful country`s in 2015 for more number of robots being deployed in the industries of the region. Of industrial robotics being installed in various industries will account more than one third of the total industrial robotics market
. According to IFR (International Federation of Robotics), there were 57,000 units were sold in china and this number is quadruple of units sold in U.S. approx. 15000 units.
North America and Europe are the early adopters of industrial robotics and led the complete market a decade ago; the benefits of implementing robots have attracted more number of companies to adopt robots. The other driving forces for industrial robotics to significantly grow in China are the elderly population, high labor cost, and demand for more standardized products.
In 2014, China took over as the single largest
industrial robotics market. Over the last two years in terms of new robot installation China has recorded a growth rate of 56%. China still has much below average installations of robots. The maturity of a market is typically compared by number of robots installed per 10,000 workers in the manufacturing industry. Mature industries, such as automotive, will typically have 1 robot for every 10 workers. China`s maturity is accounted to be 36 units per 10,000 worker, South Korea has the most penetration of robots for manufacturing with 478 robots per 10,000 workers, followed by Japan with 314 robots per 10,000 workers. Germany is at 292, USA is at 164. China is expected to hold a huge potential for enhancing usage of robotics and penetration in various industries.
China`s industrial robotics market is dominated by automotive industry, but the actual potential lies with the general industry, It is observed that the market share for industrial robotics is relatively huge in China but with a limited growth rate. Future demand for industrial robotics is expected to increase in China despite decelerating national economy.
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