VDMA Robotics and Automation halves growth forecast
Incoming orders from Germany are declining, competition with Chinese companies is intensifying
Robotics and automation in Germany is being driven by foreign business in particular, given the subdued domestic economy: the industry is forecasting a total increase in sales of 2 percent to 16.5 billion euros for 2024. Last year, companies achieved a record of 16.2 billion euros with a 13 percent increase in sales.
International competition for German robotics and automation is likely to intensify in the future due to increased involvement of Chinese competitors in Europe. China is one of the most advanced economies in the world in industrial automation: according to IFR data, the robot density in the manufacturing sector recently rose to 392 units per 10,000 employees, almost on a par with Japan (397 units) and Germany (415 units). In addition, as part of its five-year plans, Beijing is specifically promoting its own high-quality Chinese robotics industry. The trade conflicts with the USA mean that Chinese companies will increasingly build up local service and sales structures in Germany and the EU.
