China's demand is too large, Germany's industrial robot exports are growing rapidly

According to foreign media reports, as the engine of Germany's export-driven economy, the sales of German robots and automation equipment, after achieving record growth in 2017, are expected to face increased international trade tensions and will grow this year. 9%, while last year's growth was 13%.
VDMA, the German mechanical engineering association, said on Tuesday that it expects sales of robots and automation equipment to reach 15.8 billion euros ($18.5 billion) in 2018. Norbert Stein, president of VDMA's Robotics and Automation Equipment Association, said, “2017 is a very strong year for our industry.” Last year, strong demand from China boosted sales. € 14.5 billion. Stein said that the industry's average annual growth rate was 10% between 2010 and 2017, and sales almost doubled during the same period. The global demand for industrial robots is increasing because of the increase in labor costs and the maturity of technology, robots can do more elaborate work than in the past. VDMA said that record demand last year has lengthened delivery times, which will have a positive impact on sales in 2018. Last year, Germany exported 60% of robots and automation equipment. China is the main force driving the market. It is driven by China's huge investment in the electronics industry and automation. Exports to China have increased by about 60%. VDMA said that demand in the US is also strong, while growth in Europe is still moderate. Leading suppliers include industrial robot manufacturer Kuka and industrial giant Siemens, which has been acquired by the Chinese home appliance manufacturer Midea Group. In the field of standard industrial robots, the other global leaders are ABB in Switzerland and Fanuc in Japan.

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