Aarkstore - China Industrial Robotics Market (2014-2019) Forecast by Robots Types, Verticals, Regions and Imports vs Domestic Market

Aarkstore - China Industrial Robotics Market (2014-2019): Forecast by Robots Types, Verticals, Regions and Imports VS Domestic Market

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Published: Nov 2014 | 106 Pages

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Summary

“China’s industrial robotics market” is projected to reach 87,125 units by 2019. In Chinese industrial robotics market, articulated robots have prominently fueled the growth of the overall market. Extensive usage of these robots in automotive sector has become the key driving factor for the growth of market. Increasing vehicle production capacity is expected to further boost the market for articulated robots in the country. However, in the forecast period, shares of SCARA and Parallel robots are expected to surge due to their adoption in electrical/electronics, semiconductor, and food & beverage verticals. In China’s industrial robotics market, international players such as FANUC, Yaskawa, KUKA and ABB have dominated the market. However, over the next five years, shares of domestic players are expected to increase with players such as Siasun, STS, Effort, Triowin and GSK contributing majorly in the domestic market. Industrial automation, rising manufacturing infrastructure, rising wage rates, need to improve the productivity & efficiency, declining prices and emergence of domestic players have spurred the market for industrial robots in China. Amongst all regions, Eastern region leads the market as the region is the home for various manufacturing industries. Zhejiang Province, Jiangsu Province, Shandong Province, Beijing, Hebei Province, Guangdong Province, Tianjin, Shanghai, Fujian Province and Hainan Province are key the provinces...