Robot Revolution in China
China is going through a robot revolution, prompted by demand for automation in its manufacturing sector. Key takeaways from this ViewPoint:
- In China, the use of robots is rising. In 2015, manufacturers purchased 67,000 industrial robots, a number expected to more than double by 2018.
- Technological advancement has lowered the cost of robot parts significantly—some cost 88% less than they did in 2006—giving manufacturers incentive to invest in this technology as worker wages rise and the labor force ages.
- A rapidly changing global supply chain is driving the trend towards industrial automation—primarily e-commerce and the need to deliver products to the end user more quickly.
- Manufacturers in China are responding to the rapid development of automated technology, using it to remain competitive as the labor force in their modernizing economy changes.