China's industrial robot sales are set to decline by 5% in 2024, reaching 300,000 units, due to reduced demand in manufacturing sectors like automotive and renewable energy. The slowdown marks the first decline in five years, driven by tightened investments and profitability pressures. Despite this, China remains a global leader in robot adoption, with rising automation rates.
China's industrial robot sales are set to decline by 5% in 2024, reaching 300,000 units, due to reduced demand in manufacturing sectors like automotive and renewable energy. The slowdown marks the first decline in five years, driven by tightened investments and profitability pressures. Despite this, China remains a global leader in robot adoption, with rising automation rates.