China’s industrial robot sales shrink for first time in 5 years on ‘tightening demand’

Quick Summary:

Total industrial robot deliveries this year are estimated to reach 300,000 units, down 5 per cent from 2023.

This year’s sales decline has also come at a time when China already surpassed Germany and Japan in the adoption of industrial robots.

It pointed out that the slow demand has led to a price war in the industry.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Ann Cao

Category: Business

Markets: Hong KongChinaGermanyJapan

Topics: Robot Demand Industry Report China’s Decline Sales First Manufacturing Industrial Record

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 18:30:09 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 202 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24595315

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 13 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions