According to experts, China’s industrial robotics industry is still at an early stage of development. However, the temporary technological gap and, consequently, the dominance of foreign players in the local market do not prevent China from being the main driver of the industry — 138,000 robots sold and 37% of the global market in 2017.

Incidentally, the Chinese government has set an ambitious target — to reach 50% of the global market by 2020. However, the status of the “world’s factory” does not correspond to the country’s serious ambitions — China is actively working to develop innovation. According to SIPO, by the end of 2017 the country accounted for 36.5% of global applications, with more than 110,000 applications and patents registered in total. The majority of applicants were Chinese companies.

It can be assumed that in the near future China will overcome its gap with KUKA — incidentally, Germany’s KUKA has already been acquired by Chinese home appliance manufacturer Midea, which spent more than USD 4 billion on purchasing its shares — and FANUC, and will take leading positions in the industry not only as a manufacturer, but also as a supplier of unique solutions.

Are you ready for such a turn?

The infographic was prepared by Eurasia Development Ltd..
If you need more information or have any questions, please contact us.