Chinese Industrial Robotics Market Scenario Explored by CRI in Its New Report Recently Published at MarketPubishers.com
08 Apr 2016 • by Natalie Aster
LONDON – Nowadays, industrial robots in China are applied in a wide range of industries including automobile, electronics, electric, rubber, plastics, metal and machinery industries, thereby, facilitating the people’s work. Fierce competition in the market and rising labor costs are amid the major factors spurring growth of demand for industrial robots in the Chinese market.
In 2015, China produced around 20,000 units of industrial robots, registering over 60% YoY growth. However, the local producers are still unable to satisfy the domestic demand. In 2014, China came to the dominant position in the world market for industrial robots. In 2015, the Chinese industrial robots sales volume reached 75,000 units.
In 2015, the Chinese inventory of industrial robots exceeded 250,000 units, while the global industrial robot installation stood at more than 230,000 units in the same year. It is predicted that annual installation CAGR of industrial robots in China will likely surpass 20%.
In the next several years, the Chinese industrial robots market will see rapid development, opening lucrative investment opportunities for companies on various levels of the industrial robotics industry chain.
Latest research report “Industrial Robotics Industry in China” prepared by China Research and Intelligence Co., Ltd. (CRI) provides an access to an up-close overview of the Chinese markets for industrial robots and insights into the global market. It highlights the prevailing market trends, uncovers data on the market performance from 2011 till 2015 and includes granular forecasts for the market up to 2020. Furthermore, the market competitive landscape is carefully reviewed here along with profiles of major manufacturers of industrial robots in Chinese.
Research Report on Industrial Robotics Industry in China, 2011-2020
Published: March, 2016
Price: US$ 2,400.00
Other cutting-edge reports elaborated by this publisher are available in its online catalogue.