Sector Report

Global automation – Venture the dragon 3

by Morten Paulsen / Mar 6, 2023


Robot power

It seems likely the world’s largest automation market reached another all-time high in 2022 despite numerous headwinds and lockdowns. Rising labour costs continue to push manufacturers towards efficiency-enhancing technologies, and robots are increasingly finding their way into new industries. China is the only country in the world with an operating robot population exceeding 1m units.

Battle for share

The government is taking an active role in promoting the robotics industry, making sure that local players are competitive vis-a-vis global leaders. The fight for share is fierce, with 35% of our respondents expecting Chinese suppliers to take share from foreign rivals.

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