News on Medial

China needs more factory robots. Can it build its own?

LivemintLivemint · 10m ago
China needs more factory robots. Can it build its own?
Medial

China, known as the world's factory, is increasingly turning to industrial robots as a solution to rising wages and an aging population. China installed over half of all industrial robots globally in 2022. The country's drive for factory automation is driven by its aging population and ambitions to move up the manufacturing value chain. While the factory-automation market has experienced a downturn, there are signs of recovery with increasing orders growth for companies like Fanuc. Chinese companies are also catching up, particularly in collaborative robots, but foreign companies still dominate in higher-end products. A strong presence in China, Americas, and Europe positions Fanuc well for future growth.

Related News

Download the medial app to read full posts, comements and news.