Domestic robot makers expand market share
June 27, 2016 Category Macro-economy, Weekly
China’s domestic robot makers have expanded their market share to 31% in 2015, while in 2013 it was only about 25%, according to a report by the International Federation of Robotics. Sales of industrial robots grew 17% year-on-year in 2015 in China, with 68,000 industrial robots sold. Due to the economic slowdown and China’s reforms in the manufacturing sector, the growth rate slackened last year. Robot sales in 2014 were up 56% on the previous year. Nonetheless, China surpassed the total market volume for Europe, whose total sales for industrial robots in 2015 was 50,000 units.
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