China has emerged as a leader in the global Industrial Robotics Market over the past few years. China is strategically targeting Industrial Robotics to develop as one of the leading high-tech industrial nations. With an enormous manufacturing base China has established itself as a leader in global manufacturing industry.
The manufacturing industry of China has recently faced few challenges due to rising wage rates and slowdown in production on account of labor strikes. Increase in wage rates and irregular production have affected the overall output and production efficiency of the companies. As a result, several manufacturers are planning to transform their production processes based on robotics and automation to overcome these challenges. Further, companies have started deploying industrial robots at their manufacturing facilities across the country.
According to 6Wresearch, China’s industrial robotics market is projected to reach 87,125 units by 2019. In China, major demand for industrial robots is primarily exhibited from automotive sector. With greenfield and brownfield expansion in the automotive sector, the demand for industrial robots have touched new heights in China. Articulated robots captured major share of pie in overall China’s industrial robotics market due to their extensive usage in the automotive sector.
Over the next five years, the demand for industrial robots such as SCARA and Parallel robots are expected to boost due to their increasing acceptability across the electrical/electronics, semiconductor and food & beverage verticals.
In the Chinese industrial robotics market, international players such as ABB, Yaskawa and KUKA have dominated, but the share of domestic players is likely to surge throughout the forecast period. Growing demand for locally manufactured robots and cost difference are fueling the market for domestic players in the country. Some of the key players in the domestic market include- Siasun, STS, Effort, Triwon and GSK.
“China Industrial Robotics Market (2014–2019)” report provides in-depth analysis with 61 figures and 5 tables. The report estimates and forecast the overall China Industrial Robotics market by revenue & volume, by robot types such as articulated, linear, SCARA, parallel and Cylindrical. Market by verticals such as automotive, consumer electronics, food/beverage/personal care, Electronics/Electricals, Metal Products, Rubber/Plastics, Semiconductor and others and regions such as Eastern China, Central China, Western China and North Eastern China. The report also offer insights on competitive landscape, market share by companies, price trends, company profiles, market drivers and restraints.