Dateline City:
ENGLEWOOD, Colo.
Manufacturing overcapacity will continue to limit industrial robot sales growth, particularly considering the poor short-term outlook of the Chinese economy
ENGLEWOOD, Colo. (April 19, 2016) -- The Chinese market for industrial robots reached an estimated $1.3 billion in 2015. This market is expected to grow at a compound annual growth rate (CAGR) of 20 percent, reaching $3.3 billion in 2020, according to IHS Inc. (NYSE: IHS), the leading global source of critical information and insight. China accounted for 13 percent of global industrial robot sales revenue in 2015, and is expected to comprise 25 percent in 2020.
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