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China industrial robotics market: 9% CAGR growth expected between 2012-2016

Press Release   •   Aug 08, 2013 14:33 BST

The China Industrial Robotics market is to grow at a CAGR of 9.44 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need for increased productivity in the manufacturing process. The Industrial Robotics market in China has also been witnessing the emergence of next-generation industrial robots. However, the continuous decline in vendors' profit margin could pose a challenge to the growth of this market.

One of the main trends witnessed in the Industrial Robotics market in China is the need for multipurpose robotic systems. Various end-users are looking for robotic systems that can perform numerous tasks efficiently. The multipurpose robots should be able to perform several functions such as assembly, dispensing, machine tending, material handling, material removing, and packaging. End-users are also investing in industrial robots that can perform inspection activities such as error proofing during the assembly process. The use of multipurpose robots will in turn reduce the total cost of ownership and enhance the productivity of manufacturers.

One of the main factors driving the market is the need to reduce total cost of ownership. Robots help manufacturing companies develop and manufacture accurate and reliable products without defects. They also help companies reduce product failure costs and product wastage.

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