Industrial robot market booms

Source: Xinhua | 2017-08-28

CHINA’S industrial robot market is expected at US$4.22 billion in 2017, according to a report released at the ongoing 2017 World Robot Conference in Beijing.

China has been the world’s largest market for industrial robots for five years, accounting for over 30 percent of the global market, the report said.

It is estimated that more than 110,000 industrial robots will be sold by China in 2017.

China’s service robot market will hit US$1.32 billion this year, up 28 percent year on year, according to the report.

Nearly 300 artificial intelligent specialists and representatives of over 150 robot firms were in Beijing for the conference which ended yesterday.