Robots

Behind China's Push for Robotics -- and a 2020 Deadline

Behind China's Push for Robotics -- and a 2020 Deadline
Image credit: Shutterstock
2 min read
This story originally appeared on Reuters

China is aiming for a top-10 ranking in automation for its industries by 2020 by putting more robots in its factories, the International Federation of Robotics (IFR) said.

China's push to modernize its manufacturing with robotics is partly a response to labor shortages and fast-rising wages.

But the world's second-largest economy still has far lower robot penetration than other big industrialized economies -- just 36 per 10,000 manufacturing workers in 2015, ranking it 28th among the world's most automated nations.

By 2020, it aims to boost penetration to 150 per 10,000 workers, IFR said in a statement, citing Wang Ruixiang, President of the China Machinery Industry Federation.

To help reach that goal, China aims for sales of 100,000 domestically produced industrial robots a year by 2020, up 49 percent compared with last year, the IFR said in a statement at an industry summit in Shanghai, where the Chinese federation's chief was speaking.

The Chinese market is still dominated by foreign robot makers like ABB, Kuka and Yaskawa, but domestic robot makers making inroads and increased their market share to 31 percent from 25 percent in 2013, the IFR has said.

Chinese producers still mainly make low- to mid-range industrial robots but are keen to develop their capabilities.

Chinese home appliances maker Midea has just bought Germany's Kuka in a 4.5 billion-euro ($5 billion) takeover bid that ended last week, giving it about 86 percent of the shares.

And China's Weichai Power raised its stake in German forklift truck maker Kion, which among other products offers warehouse automation, to 40 percent this week.

(Reporting by Maria Sheahan. Editing by Jane Merriman)

More from Entrepreneur

Grow Your Business at Entrepreneur LIVE! Join us on Nov. 16 in Brooklyn, NY, to learn from legends like Danica Patrick and Maria Sharapova, pitch our editors, meet with investors, and potentially walk away with funding!
Register here

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.